Estimated at $11 billion in 2022, the global automotive brake disc market is expected to reach $20 billion by the end of 2030, expanding at a CAGR of roughly 7.51% between 2023 and 2030.
Automotive Brake Disc Market Overview
Automotive Brake Discs, often called brake rotors, are an integral part of any car’s stopping mechanism. Usually made of metal, it is installed on the hub of each wheel and has the shape of a flattened, spherical cylinder. The disc braking system is widely employed on modern automobiles, and the brake disc is a crucial component of this system. An automobile’s brake disc, in conjunction with the brake pads, is responsible for modulating the rate of vehicle motion in response to the driver’s use of the brakes.
Automotive Brake Disc Market Segment Analysis
The worldwide market for automobile brake discs is segmented based on caliper design into fixed, sliding, and floating caliper submarkets. In addition, the floating caliper subsegment is anticipated to record the highest CAGR in the coming years; in 2022, it accounted for about 47% of the global market’s revenue share. Part of the market’s expansion during the review period may have been attributable to the items’ capacity to dissipate heat. In addition to enhancing brake disc performance, the floating rotor lessens the likelihood of the vehicle overheating and wrapping.
Passenger cars, commercial vehicles, motorcycles & scooters, and other vehicles make up the various application submarkets of the worldwide automotive brake disc market. Moreover, passenger vehicles are expected to lead the global industry over the forecast period. This segment accounted for a sizable portion of the global industry share in 2022. Increasing demand for automotive brake discs in passenger vehicles may be a factor in the segment’s growth over the evaluation period.
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The global automotive brake disc market is segmented as follows:
- Passenger Cars
- Commercial Vehicles
- Motorcycles & Scooters
- Fixed Caliper
- Sliding Caliper
- Floating Caliper
Over the forecast period, Europe, which brought in approximately 55% of global automobile brake disc market revenue in 2022, would be the leading region. In addition, the existence of major corporations in nations like Germany, France, and the UK can increase the risk of regional market expansion. Additionally, the regional market trends will be guided by the presence of major car manufacturers in Germany, Italy, France, Luxembourg, and the United Kingdom.
A surge in the production of passenger vehicles and light commercial cars in nations like the U.S. is expected to propel the North American automotive brake disc sector to the highest CAGR in the future years. The automotive industry in the region is expected to increase exponentially as a result of rising demand for performance enhancements in automobiles.
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa