Europe Automotive Disc Brake Market
Germany, Russia, France, the UK, and Italy are the major countries in Europe, known for large-scale industrialization and urbanization. Thus, they hold great potential for adopting advanced solutions that boost the productivity of various industrial and urban processes. Germany, the UK, Poland, France, and Czech Republic are among a few prominent countries with a well-established automotive industry. In 2020, the region has produced more than 15,545,000 units of automotive. With the well-established automotive industry in European countries, the scope of manufacturing & integrating automotive disc brakes will also grow, which would penetrate the market growth. In addition to the above-mentioned countries, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland are the other European countries with robust contribution to the tech strength of the region, which is also anticipated to support in nurturing the growth of automotive disc brakes. Besides the growing automotive industry, the region witnesses a huge presence of players existing in the market including Brembo S.P.A, Roulunds Braking ApS, Delphi Automotive PLC, EBC Brakes, Continental AG, Champion brake discs, and Haldex Group. Footprints of these companies in the European market are projected to contribute significantly toward the market growth.
In case of COVID-19, Europe is highly affected specially the UK. The COVID-19 pandemic has led to a sudden fall of customer demand in multiple industries, which severally affected European Union (EU) industries. At the same time, crises in multiple supply chains across a variety of sectors occurred including the automotive sector. Further, in April 2020, the new car registrations of major European markets had reached the lowest level since World War II. The crisis is mainly due to the low demand from customer side. This has led to the slowdown in vehicle manufacturing. With the slowdown in production of vehicles, the market demand for automotive disc brakes have also gone down significantly in 2020. But now in 2021, with the uplifting of lockdowns and vaccination process, the automotive manufacturing activities have started again, and the raw material are easily available. Further, the industrial production in European Union increased by 0.5% in April 2021 compared with the last month. Comparing April 2021 and April 2020, production of motor vehicles increased by more than 400%, according to Eurostat Statistics data of June 2021. Thus, this will lead the growth of automotive disc brake market in the region.
Strategic insights for the Europe Automotive Disc Brake provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,598.78 Million |
| Market Size by 2028 | US$ 4,513.69 Million |
| Global CAGR (2021 - 2028) | 3.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Automotive Disc Brake refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe automotive disc brake market is expected to grow from US$ 3,598.78 million in 2021 to US$ 4,513.69 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Rise of self-driving/autonomous vehicles is expected to escalate the market growth. Auto manufacturers and tech companies are involved in the development of sophisticated technologies that enable automobiles to drive themselves. In the race of testing self-driving vehicles, Google is leading the race, followed by Audi, Toyota, and Mercedes-Benz. The self-driving car industry is anticipated to benefit the development cycle of braking technologies. In addition to the rising emergence of self-driving vehicles, changing government regulations and collaborations are some of the major trends which would support transforming the automotive industry. Due to government regulations made for the safety of drivers and passengers, there are several countries across the region that are piloting self-driving cars in the current scenario. With the emergence of self-driving/autonomous vehicles, the market for braking systems will continue to evolve. Irrespective of constant technological developments, the foundation of any vehicle, be it autonomous or traditional cars, starts with brakes, and more explicitly with air disc brakes. Brakes like anti-locking braking systems are witnessing a rise in their share among the commercial vehicle market. Moreover, with an advent of next-generation vehicles in the market, the evolution of electronic brake systems is prevailing. In several countries across the region, the need to enhance overall capability, safety, and performance of a truck is gaining popularity, which is contributing toward advancement in electronic brake systems. Also, evolution of electronic brake systems would assist the next-generation technologies such as automation and electrification. With integration of advanced disc brakes in vehicles, the scope of the Europe market will continue to expand.
In terms of type, the floating caliper type disc brake segment accounted for the largest share of the Europe automotive disc brake market in 2020. In terms of material type, the stainless steel segment held a larger market share of the Europe automotive disc brake market in 2020. Further, the passenger vehicles segment held a larger share of the Europe automotive disc brake market based on vehicle type in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe 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 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.
The Europe Automotive Disc Brake Market is valued at US$ 3,598.78 Million in 2021, it is projected to reach US$ 4,513.69 Million by 2028.
As per our report Europe Automotive Disc Brake Market, the market size is valued at US$ 3,598.78 Million in 2021, projecting it to reach US$ 4,513.69 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.
The Europe Automotive Disc Brake Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automotive Disc Brake Market report:
The Europe Automotive Disc Brake Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Disc Brake Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Disc Brake Market value chain can benefit from the information contained in a comprehensive market report.
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