North America is the third-largest market in the world for disc brakes. The region has been experiencing a rapid growth in vehicle production in the recent years. This growth can be attributed to favorable economic conditions prevailing and the positive government initiatives like increasing trade among key countries in the region. These factors have been responsible for improving the economy as well as increasing the disposable income of consumers. This in turn has increased the demand for improved performance and luxury cars in the region. The changing road safety norms have reduced the stopping distance for vehicles, which has led to increasing need for disc brakes due to their advantage over traditional drum brakes.
Globally, Asia-Pacific is the fastest-growing market for disc brakes, followed by Europe and North America. The U.S and Mexico are the key markets for disc brakes in the North American region, due to the increasing production levels of automotive, in order to meet the growing demand from not only the domestic but also from the overseas market. The U.S. is the fastest-growing market, followed by Mexico. On the other hand, Canada has witnessed slower growth in the automobile industry and disc brake market as compared to the key countries in the region, as it is still recovering from the financial crisis of 2008-2009. The production level of automotive had reduced during this time. However, the country is now recovering for the crisis and expected to witness growth in the coming years.
The top players in the North American disc brake market are Hyundai Mobis, Akebono, TRW, Federal Mogul, and Aisin Seiki, with market shares of 14.5%, 12.0%, 10.5%, 5.2%, and 5.0% respectively.
The North American disc brake market was valued at $1.2 billion in 2013, and is expected to grow at a CAGR of 6.9%. It is projected to reach $1.7 billion by 2018.
1.1 Objective of the study
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
1.4.1 Assumptions (Market Size, Forecast, etc)
2 Executive Summary
3 Market Overview
4 North America Disc Brake, By Applications
4.1 Split By Geography
4.2 DB-North America-Passenger-Cars
4.2.1 By Geographies
4.3 DB-North America-LCV
4.3.1 By Geographies
4.4 DB-North America-HCV
4.4.1 By Geographies
5 DB-North America, By Geographies
5.1.1 By Applications
5.1.2 By Companies
220.127.116.11 DB-U.S.-Brembo S.P.A.
5.2.1 By Applications
5.3.1 By Applications
5.4 DB-North America - Other Geographies
6 North America Disc Brake, By Companies
6.1 Split By Geography
6.2 North America-Hyundai Mobis Module & Parts Mfg
6.3 DB-North America-Akebono Brake Industry Co. Ltd
6.4 DB-North America-TRW Chassis Systems
6.5 DB-North America-Federal-Mogul Vehicle Components Solutions
6.6 DB-Brembo S.P.A.-North America
6.7 DB-North America-Haldex Foundation Brakes
6.8 DB-North America-Knorr-Bremse Commercial vehicle systems
6.9 DB-North America-Nissin Kogyo Co. Ltd
6.10 DB-North America-Meritor Commercial Truck
6.11 DB-North America-Sundaram Brake Linings Limited
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The Asia-Pacific Brake market was valued at $10.44 billion in 2013, and expected to grow at 7.8% annually. It is projected to reach $15.21 billion by the end of 2018. The Asia-Pacific region is the leader in the drum brakes market across all the regions with China being the leader in the Asia-Pacific region followed by Japan. The growing demand for higher performing vehicles & longer service interval are some of the other factors that drive the market for Disc Brakes in the Asia-Pacific region, while the market being concentrated with smaller and cheaper vehicles using drum brakes acts as a restraining factor.
The European Brake market was valued at $5.02 billion in 2013, to grow at 5.5% annually. It is projected to reach $6.57 billion by the end of 2018. The increasing demand for small and cheaper cars in the major countries in the region like Germany, Russia and France has boosted the drum brakes market. Also since price of the disc brakes is much higher than the drum brakes, the consumers tend to go for cheaper drum brakes even though they are not as efficient as disc brakes. Germany is the leader in the European disc brake market and also holds its leadership for being the largest automobile market in the region. It is followed by Russia and France which holds the second and third position respectively in terms of disc brake market in the region.
North America Brake
The North American Brake market was valued at $3.69 billion in 2013, to grow at 7.5% annually. It is projected to reach $5.30 billion by the end of 2018. The U.S and Mexico are the major market for drum brakes in the North American region due to its growing vehicle production and the increasing demand for cheaper cars. Another reason for the growth of drum brake sin the North American region is mainly due to the increasing cost of disc brakes which has pushed the cost-centric buyers’ to opt for the cheaper drum brakes. The North American disc brake market is driven by factors such as—fast growth in luxury and sports vehicle segment and stringent emission norms. The low end vehicles in the region refrain from using the disc brakes due to its initial cost.