Automotive Disc Brake Market size is likely to be characterized by considerable opportunities between 2022 and 2028, in view of the changing automotive safety mandates and government standards. As several nations worldwide, including India, United States, and United Kingdom, are adopting more stringent braking regulations, focus toward product efficiency has been triggering technological breakthroughs.
Europe automotive air disc brake industry is progressing at a fast pace, as automatic emergency braking will be mandatory from May 2022 in all vehicles across EU countries. Safe braking performance is an important aspect of driving practices under both normal and emergency conditions, driving adherence to high automotive brake testing standards. Due to enhanced product stability at high speeds and significantly improved resistance to brake fade, the commercial vehicle segment has started to replace drum brakes with these systems.
By type, the opposed piston type disc brake market share is likely to grow at a noteworthy pace through 2028, owing to the high degree of controllability and stability associated with these solutions. High performance SUVs and sports cars are increasingly using these products for an outstanding stopping power. According to the International Energy Agency (IEA), in 2021, global sales of SUVs rose by 10% from 2020 levels. Similarly, 10-pot brake calipers are being integrated in larger passenger vehicles that need to handle heavier loads that require larger sized braking pads offered by this alternative.
With newer EV models receiving facelifts that involve the addition of rear disc brakes, electronic disc brakes industry share is expected to register marked growth. An automated, personalized, and seamless experience is linked with the future of mobility. This has triggered incorporation of AI, IoT, and computing technologies in new-age cars that feature Advanced Driver Assistance Systems (ADAS), alongside telematics and other safety features.
U.K. automotive disc brake market growth is set to grow steadily through the forecast timeframe, aided by the rising demand for passenger cars and commercial vehicles alike. Amidst the pandemic-induced mobility restrictions, the popularity of motorsports has been rising across the region. In the 2020 season, Formula One registered a 25% rise in the number of U.K. TV viewers for the first three races, as compared to 2019. Due to the growing social media engagement and widening customer base, the regional automotive vented disc brake industry has been thriving.
The key automotive disc brake market participants include Federal Mogul (Tenneco), EBC Brakes, ZF Friedrichshafen AG, Aisin Seiki, KB Holding GmbH, Akebono, and Haldex are some top international automotive disc brake manufacturers. As modern customers have been seeking longer product service life as well as high performance, industry participants are committed to developing reliable products.
In January 2022, DuraBrake announced the launch of its new line of air disc brake calipers in the North American market. The Alto line of products is designed for heavy-duty vehicles and will save more time and money, increase fuel economy, and maximize payloads. The company is expected to replace the WABCO brake systems with this launch and might go on to offer alternatives for the Bendix and Meritor brake systems over 2022 to 2028.
During 2020, the COVID-19 pandemic delivered a major blow to the global automotive industry, affecting product demand. Yet, deployment of automotive disc brakes rose at a stable pace through 2021, pushed by the rising penetration of autonomous vehicles and other new technologies. Plus, the declining upfront costs of EVs, expanding charging infrastructure, coupled with emergence of mobility-as-a-service (MaaS) will establish a fertile ground for automotive disc brake market expansion up to 2028.