Heavy Commercial Vehicles (HCVs) Segment is Expected to be Fastest Growing Segment During Forecast Period for SAM Region

According to a new market research study on “SAM Automotive Disc Brake Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Material Type, and Vehicle Type” is expected to reach US$ 914.75 million by 2028 from US$ 693.93 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the SAM automotive disc brake market along with the drivers and restraints pertaining to the market growth.   Rising adoption of electric vehicles and booming production of cars and commercial vehicles are the major factor driving the growth of the SAM automotive disc brake market. However, demerits of iron cast material hinders the growth of SAM automotive disc brake market.       

In case of COVID-19, SAM is highly affected especially Brazil, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America (SAM) has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America has impacted the manufacturing industry including automotive manufacturing. Major automotive manufacturers have also temporarily closed their production process in the region owing to cost control measure due to the pandemic. Further, due to non-availability of raw materials and supply chain disruption, the automotive disc brake market has been negatively affected in 2020. In 2021, with the uplifting of lockdowns and vaccination process, the shipment of raw materials needed for disc brake manufacturing and the manufacturing of passenger vehicles & commercial vehicles has started again. Therefore, this will create a positive impact in the growth of automotive disc brake market in the region.

The SAM automotive disc brake market has been analyzed on the basis of type, material type, vehicle type, and country. Based on type, the market is segmented into opposed piston type disc brake and floating caliper type disc brake. The floating caliper type disc brake segment dominated the SAM automotive disc brake market in 2020 and opposed piston type disc brake segment is expected to be fastest growing during forecast period. On the basis of material type, the market is segmented into cast iron, aluminum, stainless steel, and others. The stainless steel segment dominated the SAM automotive disc brake market in 2020 and same segment is expected to be fastest growing during forecast period. And based on vehicle type, the market is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment dominated the SAM automotive disc brake market in 2020 and heavy commercial vehicles (HCVs) segment is expected to be fastest growing during forecast period. Further, based on country, the market has been segmented into Brazil, Argentina, and rest of SAM.       

Brembo S.p.A.; EBC Brakes; Haldex Group; Hitachi Astemo Americas, Inc.; Hyundai Mobis; Knorr-Bremse AG; Mando Corporation; and Nissin Kogyo Co., Ltd. are among the leading companies in the SAM automotive disc brake market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Haldex is going to further adapt its existing brake pad range, for the ModulT, to much better aftermarket requirements. This concerns the broadly used brake pad kit 95396 for 22.5” applications of the SAF axle. Because of introduction of second generation ModulT disc brake, this step is necessary for SAF axles application and serves to minimize errors during replacement and maintenance of the disc brake pad.      

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