North America 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))

Code: TIPRE00024354 | Pages: 118 | Industry: Automotive and Transportation | Date: Aug 2021
Covid

Market Introduction

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their automotive industry. The region has the largest vehicle industry due to the presence of the majority of car manufacturers. Increased supply of passenger cars and light commercial vehicles are expected to increase the demand. The region is witnessing an exponential rise in the vehicle production in past few years. This rise can be attributed to favorable economic conditions and government initiatives to promote safety while driving and reducing road accidents. These factors have helped in improving the economy and increasing disposable income of consumers. Therefore, with the boosted demand for improved performance and luxury cars in North America, evolving road safety regulations & norms have resulted into decreased stopping distance for vehicles. This, in turn, has increased the preference for disc brakes over old drum brakes. Electric vehicles are projected to play an increasingly important role in North American transportation networks as a result of falling electric vehicle prices and increased acceptance by the general public. Studies claim that electric vehicles would account for at least 65% of overall car purchases in the US by 2050. As electric cars have regenerative braking in their system, the requirement of hydraulic braking got reduced. For instance, in 2020, the automobile industry in the US, delivered almost 14.5 million light vehicle units. The rising vehicle sales is a key enabler for the market, especially in developed economies such as the US and Canada. The rising demand for electric cars is affecting disc brake sales in the region. Owing to all these factors, the market for automotive disc brakes in the region will gradually grow.

In case of COVID-19, the US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients across North America. The continuous growth of infected individuals has led the North America governments to impose lockdown across the nation’s borders. Majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to past, and the automotive & semiconductor industries are at a halt. The COVID-19 outbreak has negatively impacted the automotive industry in the region. In the United States, assembly plant closures are adding to the intense pressure on an increasingly distressed North America supply base where companies are at risk of defaulting on covenants, potentially requiring banks to step in. Further, sales forecast for the US estimate a decline of 9% annually that consumers are not buying new vehicles due to the pandemic, according to Accenture website data. Thus, limited supply of vehicle parts, shut of manufacturing, supply chain disruption, and drop in new vehicle sales has negatively impacted the North America automotive disc brake market. However, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the automotive production has started again, and people are looking for purchase, which helps in creating a positive scenario for the North America automotive disc brake market growth.


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Market Overview and Dynamics

The North America automotive disc brake market is expected to grow from US$ 2,851.20 million in 2021 to US$ 3,490.86 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028. With the rising growth of the electric vehicles (EVs) industry, the adoption of braking systems is growing exponentially. With an aim to reduce harmful impact of emissions on environment, the government bodies operating across the region are taking necessary steps to promote electric vehicles. For instance, the electric vehicles initiative is a multi-government policy forum which fosters introduction and adoption of electric vehicles. With an increase in the use of electric vehicles, the scope of using advanced braking systems will also increase. Many electric cars utilize both regenerative & mechanical braking systems together. In an electric car brake system, the regenerative & mechanical braking systems assist in saving the energy. In addition to energy-saving, the regenerative braking technology also assists in enhancing the life of friction brake system. For instance, Brembo focuses on developing advanced brakes suitable for electric vehicles. Similarly, Continental AG is putting emphasis on restructuring disc brakes for electric vehicles. The company has created a minimalist brake caliper which removes all superfluous material to lower weight to a bare minimum. In addition, the company is exploring the possibility of lightweight aluminum brake components with a potential to handle electric vehicle’s reduced braking demands with minimal price and weight as compared to brakes used today. Additionally, with rising demand for lightweight auto-components, an inclination of disc brakes manufacturers has been witnessed. The demand for lightweight components is encouraging companies like Continental AG to use aluminum instead of iron cast in their braking system & design. This factor is predicted to generate beneficial opportunities for the manufacturers of both auto and components like disc brakes across North America region.

Key Market Segments

In terms of type, the floating caliper type disc brake segment accounted for the largest share of the North America automotive disc brake market in 2020. In terms of material type, the stainless steel segment held a larger market share of the North America automotive disc brake market in 2020.      Further, the passenger vehicles segment held a larger share of the North America 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 North America 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 ADVICS Aftermarket North America; Akebono Brake Industry Co., Ltd; Brembo S.p.A.; EBC Brakes; Haldex Group; Hitachi Astemo Americas, Inc.; Hyundai Mobis; Knorr-Bremse AG; Mando Corporation; and Nissin Kogyo Co., Ltd.

Reasons to buy report

  • To understand the North America 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 North America automotive disc brake market 
  • Efficiently plan M&A and partnership deals in North America 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 North America automotive disc brake market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Automotive Disc Brake Market Segmentation 

North America Automotive Disc Brake Market - By Type

  • Opposed Piston Type Disc Brake 
  • Floating Caliper Type Disc Brake

North America Automotive Disc Brake Market - By Material Type

  • Cast Iron
  • Aluminum
  • Stainless Steel
  • Others

North America Automotive Disc Brake Market - By Vehicle Type

  • Passenger Vehicles  
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

North America Automotive Disc Brake Market - By Country

  • US 
  • Canada
  • Mexico    

North America Automotive Disc Brake Market - Company Profiles

  • ADVICS Aftermarket North America
  • Akebono Brake Industry Co., Ltd
  • Brembo S.p.A.
  • EBC Brakes 
  • Haldex Group
  • Hitachi Astemo Americas, Inc.
  • Hyundai Mobis
  • Knorr-Bremse AG
  • Mando Corporation
  • Nissin Kogyo Co., Ltd.

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.           North America Automotive Disc Brake Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Expert Opinions

5.           North America Automotive Disc Brake Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Production of Cars and Commercial Vehicles

5.1.2        Rising Norms for Reducing Fatalities Caused Due to Vehicle Accidents

5.2         Market Restraints

5.2.1        Use of Iron Cast Material for Manufacturing Disc Brakes

5.3         Market Opportunities

5.3.1        Increasing Adoption of Electric Vehicles

5.4         Future Trends

5.4.1        Advent of Self-driving/Autonomous Vehicles

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Disc Brake Market – North America Analysis

6.1         North America Automotive Disc Brake Market Overview

6.2         North America Automotive Disc Brake Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Automotive Disc Brake Market Analysis – By Type

7.1         Overview

7.2         North America 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.           North America Automotive Disc Brake Market Analysis – By Material Type

8.1         Overview

8.2         North America 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.           North America Automotive Disc Brake Market Analysis – By Vehicle Type

9.1         Overview

9.2         North America 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.        North America Automotive Disc Brake Market – Country Analysis

10.1      Overview

10.1.1     North America: Automotive Disc Brake Market- by Key Country

10.1.1.1       US: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       US: Automotive Disc Brake Market- by Type

10.1.1.1.2       US: Automotive Disc Brake Market- By Material Type

10.1.1.1.3       US: Automotive Disc Brake Market- By Vehicle Type

10.1.1.2       Canada: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Automotive Disc Brake Market- by Type

10.1.1.2.2       Canada: Automotive Disc Brake Market- By Material Type

10.1.1.2.3       Canada: Automotive Disc Brake Market- By Vehicle Type

10.1.1.3       Mexico: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Automotive Disc Brake Market- by Type

10.1.1.3.2       Mexico: Automotive Disc Brake Market- By Material Type

10.1.1.3.3       Mexico: Automotive Disc Brake Market- By Vehicle Type

11.        Impact of COVID-19 Pandemic on North America Automotive Disc Brake Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      New Development

13.        Company Profiles

13.1      Akebono Brake Industry Co., Ltd

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      Nissin Kogyo Co., Ltd.

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      EBC Brakes

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      Hitachi Astemo Americas, Inc.

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      Knorr-Bremse AG

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

13.6      Haldex Group

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Mando Corporation

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Brembo S.p.A.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      ADVICS Aftermarket North America

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Hyundai Mobis

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             North America Automotive Disc Brake Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             US: Automotive Disc Brake Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Automotive Disc Brake Market- By Material Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Automotive Disc Brake Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Automotive Disc Brake Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Automotive Disc Brake Market- By Material Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Automotive Disc Brake Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: Automotive Disc Brake Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico: Automotive Disc Brake Market- By Material Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Automotive Disc Brake Market- By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Automotive Disc Brake Market Segmentation

Figure 2.           North America Automotive Disc Brake Market Segmentation – By Country

Figure 3.           North America 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.           US was the Largest Revenue Contributor in 2020

Figure 8.           North America – PEST Analysis

Figure 9.           North America Automotive Disc Brake Market– Ecosystem Analysis

Figure 10.        Expert Opinions

Figure 11.        North America Automotive Disc Brake Market: Impact Analysis of Drivers and Restraints

Figure 12.        North America Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Automotive Disc Brake Market Breakdown, By Type (2020 and 2028)

Figure 14.        North America Opposed Piston Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Floating Caliper Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Automotive Disc Brake Market Breakdown, By Material Type (2020 and 2028)

Figure 17.        North America Cast Iron: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Aluminum: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Stainless Steel: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Others: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Automotive Disc Brake Market Breakdown, By Vehicle Type (2020 and 2028)

Figure 22.        North America Passenger Vehicles: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Light Commercial Vehicles (LCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Heavy Commercial Vehicles (HCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America: Automotive Disc Brake Market, by Key Country – Revenue (2020) (USD Million)

Figure 26.        North America: Automotive Disc Brake Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        US: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Canada: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Mexico: Automotive Disc Brake Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Impact of COVID-19 Pandemic in North American Country Markets

  1. ADVICS Aftermarket North America
  2. Akebono Brake Industry Co., Ltd
  3. Brembo S.p.A.
  4. EBC Brakes
  5. Haldex Group
  6. Hitachi Astemo Americas, Inc.
  7. Hyundai Mobis
  8. Knorr-Bremse AG
  9. Mando Corporation
  10. Nissin Kogyo Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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  
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