Brake Friction Disc Market was valued at USD 20 Billion in 2022 and is projected to reach USD 30 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030.
The global brake friction disc market was valued at approximately USD 15.8 billion in 2022, with a robust compound annual growth rate (CAGR) of 5.7% projected through the forecast period. This growth is driven by the increasing demand for high-performance and durable braking solutions in the automotive industry, particularly with the rise in vehicle production and sales globally. The market is characterized by advancements in disc materials and technologies, leading to enhanced braking efficiency and safety. Additionally, the expansion of electric and hybrid vehicle markets is expected to further drive the demand for innovative brake friction disc solutions, aligning with the industry's push towards more sustainable and high-performing automotive components.
Opportunities in the brake friction disc market are significant, especially in emerging regions such as Asia-Pacific, which is expected to witness substantial growth due to rapid urbanization, increasing vehicle ownership, and infrastructure development. The market is also seeing growth in aftermarket sales, as consumers increasingly opt for high-quality replacement parts to enhance vehicle performance and safety. Emerging technologies, including advanced carbon-carbon composites and ceramic-based discs, present new avenues for market expansion and product differentiation. The trend towards customization and high-performance braking solutions opens up additional opportunities for growth and innovation in the brake friction disc sector.
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Robert Bosch (Germany)
Aisin Seiki (Japan)
Nisshinbo Holding (Japan)
Federal Mogul (US)
Brembo (Italy)
Delphi (Now Aptiv) (UK)
Tenneco (US)
Akebono Brake Industries (Japan)
Miba AG (Germany)
SGL Group (Germany)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Brake Friction Disc Market
Passenger Car
Light Commercial Vehicle (LCV)
Truck
Bus
Based on Types the Market is categorized into Below types that held the largest Brake Friction Disc market share In 2023.
Metallic Disc
Ceramic Disc
Composite Disc
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Brake Friction Disc Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Brake Friction Disc Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Brake Friction Disc Market, By Type
6. Global Brake Friction Disc Market, By Application
7. Global Brake Friction Disc Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Brake Friction Disc Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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