Middle East and Africa Automotive Disc Brake Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Opposed Piston Type Disc Brake and Floating Caliper Type Disc Brake), Material Type (Cast Iron, Aluminum, Stainless Steel, and Others), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs))
Market Introduction
The automotive disc brake market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match up to the economic conditions of these countries. In the era of continuous technological developments, integration of advanced technologies is increasing in a range of industries, including automotive in the Middle East. In the Middle East & Africa, South Africa is one of the major shareholders in the automotive disc brake industry. In recent years, the nation has seen an increase in demand for vehicles. According to the Bureau of Transportation Statistics, South Africa produced 631,983 passenger and commercial vehicles in 2019. In many Middle Eastern countries, a shared mobility model based on electric vehicles is being introduced in public transportation. For instance, the government of the UAE is planning to have 42,000 hybrid cars on the road by 2025, including passenger cars and commercial vehicles. Since automotive disc brakes are used in vehicles to have greater stopping power and precise braking, the market for automotive disc brakes will rise as the number of automobiles produced increases.
In case of COVID-19, MEA is highly affected especially South Africa, which has recorded the highest number of COVID-19 cases in the Middle East & Africa region and is followed by Saudi Arabia and the UAE. The Middle East & Africa region has a smaller number of companies operating or offering market-specific solutions. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the coronavirus outbreak. In April 2020, the number of used online car listings in the UAE dropped by nearly half. The automotive industry waits for the situation to return to normalcy and other industries to restart their work processes, with factories unable to resume operations and low requirements. Due to the lockdowns in many countries in MEA, the supply chain disruptions where been observed. Thus, the above-mentioned factors are expected to negatively impact the growth of the automotive disc brake market in the region in 2020. However, in 2021, with the uplifting of lockdown restrictions, the vehicle manufacturing has started again and the raw materials are available in the market with improving supply chain facilities now, helps in creating a positive scenario for the automotive disc brake market growth in region.
Get more information on this report :
Market Overview and Dynamics
The MEA automotive disc brake market is expected to grow from US$ 455.52 million in 2021 to US$ 554.45 million by 2028; it is estimated to grow at a CAGR of 2.8% from 2021 to 2028. The rising sales of both passenger cars and commercial vehicles is fostering the brakes market growth across the region. The increasing demand for vehicles is positively impacting the production cycle of the same across the region. As the demand for vehicles is increasing, the formation of regulatory mandates for making the vehicles safer is rising. This is leading to a surge in demand for brakes. The penetration of anti-lock braking system and electronic stability control is expanding. Therefore, government bodies of countries across the region have taken a step in regulating safety critical components within commercial vehicles and passenger vehicles, which has resulted into a rise in demand for anti-lock braking systems. Moreover, fatalities caused due to vehicle accidents is one of the factors encouraging the government bodies to introduce new norms for both vehicle & road safety, which would help in reducing fatalities. As poor braking system is one of the causes that leads to road accidents, establishment of proper norms for using friction materials and braking system is a must. Several aforesaid laws with respect to the use of friction materials and disc brakes are supporting the MEA market growth.
Key Market Segments
In terms of type, the floating caliper type disc brake segment accounted for the largest share of the MEA automotive disc brake market in 2020. In terms of material type, the stainless steel segment held a larger market share of the MEA automotive disc brake market in 2020. Further, the passenger vehicles segment held a larger share of the MEA automotive disc brake market based on vehicle type in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA automotive disc brake market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Brembo S.p.A., EBC Brakes, Haldex Group, Knorr-Bremse AG, and Mando Corporation.
Reasons to buy report
- To understand the MEA automotive disc brake market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA automotive disc brake market
- Efficiently plan M&A and partnership deals in MEA automotive disc brake market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA automotive disc brake market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Automotive Disc Brake Market Segmentation
MEA Automotive Disc Brake Market - By Type
- Opposed Piston Type Disc Brake
- Floating Caliper Type Disc Brake
MEA Automotive Disc Brake Market - By Material Type
- Cast Iron
- Aluminum
- Stainless Steel
- Others
MEA Automotive Disc Brake Market - By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
MEA Automotive Disc Brake Market - By Country
- South Africa
- Rest of MEA
MEA Automotive Disc Brake Market - Company Profiles
- Brembo S.p.A.
- EBC Brakes
- Haldex Group
- Knorr-Bremse AG
- Mando Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automotive Disc Brake Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Automotive Disc Brake Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Production of Cars and Commercial Vehicles
5.1.2 Escalating Norms for Reducing Fatalities Caused due to Vehicle Accidents
5.2 Market Restraints
5.2.1 Problems due to Iron Cast Material
5.3 Market Opportunities
5.3.1 Increasing Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Burgeoning Self-driving/Autonomous Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Disc Brake Market – MEA Analysis
6.1 MEA Automotive Disc Brake Market Overview
6.2 MEA Automotive Disc Brake Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Automotive Disc Brake Market Analysis – By Type
7.1 Overview
7.2 MEA Automotive Disc Brake Market Breakdown, By Type (2020 and 2028)
7.3 Opposed Piston Type Disc Brake
7.3.1 Overview
7.3.2 Opposed Piston Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
7.4 Floating Caliper Type Disc Brake
7.4.1 Overview
7.4.2 Floating Caliper Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Automotive Disc Brake Market Analysis – By Material Type
8.1 Overview
8.2 MEA Automotive Disc Brake Market Breakdown, By Material Type (2020 and 2028)
8.3 Cast Iron
8.3.1 Overview
8.3.2 Cast Iron: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminum: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.5 Stainless Steel
8.5.1 Overview
8.5.2 Stainless Steel: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Automotive Disc Brake Market Analysis – By Vehicle Type
9.1 Overview
9.2 MEA Automotive Disc Brake Market Breakdown, By Vehicle Type (2020 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9.4 Light Commercial Vehicles (LCVs)
9.4.1 Overview
9.4.2 Light Commercial Vehicles (LCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9.5 Heavy Commercial Vehicles (HCVs)
9.5.1 Overview
9.5.2 Heavy Commercial Vehicles (HCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
10. MEA Automotive Disc Brake Market – Country Analysis
10.1 Overview
10.1.1 MEA: Automotive Disc Brake Market- by Key Country
10.1.1.1 South Africa: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Automotive Disc Brake Market- by Type
10.1.1.1.2 South Africa: Automotive Disc Brake Market- By Material Type
10.1.1.1.3 South Africa: Automotive Disc Brake Market- By Vehicle Type
10.1.1.2 Rest of MEA: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Rest of MEA: Automotive Disc Brake Market- by Type
10.1.1.2.2 Rest of MEA: Automotive Disc Brake Market- By Material Type
10.1.1.2.3 Rest of MEA: Automotive Disc Brake Market- By Vehicle Type
11. Impact of COVID-19 Pandemic on MEA Automotive Disc Brake Market
11.1 MEA: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 New Development
13. Company Profiles
13.1 EBC Brakes
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Knorr-Bremse AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Haldex Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Mando Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Brembo S.p.A.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Automotive Disc Brake Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. South Africa: Automotive Disc Brake Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Automotive Disc Brake Market- By Material Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Automotive Disc Brake Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of MEA: Automotive Disc Brake Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of MEA: Automotive Disc Brake Market- By Material Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of MEA: Automotive Disc Brake Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automotive Disc Brake Market Segmentation
Figure 2. MEA Automotive Disc Brake Market Segmentation – By Country
Figure 3. MEA Automotive Disc Brake Market Overview
Figure 4. Floating Caliper Type Disc Brake Segment Held the Largest Market Share in 2020
Figure 5. Stainless Steel Segment Held the Largest Market Share in 2020
Figure 6. Passenger Vehicles Segment Held the Largest Market Share in 2020
Figure 7. Rest of MEA was the Largest Revenue Contributor in 2020
Figure 8. MEA – PEST Analysis
Figure 9. MEA Automotive Disc Brake Market– Ecosystem Analysis
Figure 10. Expert Opinions
Figure 11. MEA Automotive Disc Brake Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Automotive Disc Brake Market Breakdown, By Type (2020 and 2028)
Figure 14. MEA Opposed Piston Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Floating Caliper Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Automotive Disc Brake Market Breakdown, By Material Type (2020 and 2028)
Figure 17. MEA Cast Iron: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Aluminum: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Stainless Steel: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Others: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Automotive Disc Brake Market Breakdown, By Vehicle Type (2020 and 2028)
Figure 22. MEA Passenger Vehicles: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Light Commercial Vehicles (LCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Heavy Commercial Vehicles (HCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA: Automotive Disc Brake Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. MEA: Automotive Disc Brake Market Revenue Share, By Key Country (2020 and 2028)
Figure 27. South Africa: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of MEA: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in MEA Country Markets
- Brembo S.p.A.
- EBC Brakes
- Haldex Group
- Knorr-Bremse AG
- Mando Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA automotive disc brake market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA automotive disc brake market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the automotive disc brake market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution