Global Truck Disc Brake Market: Global Industry, Size, Share, Growth, Trends, and Forecast to 2027
MarketResearch.biz, in its upcoming report titled, “Global Truck Disc Brake Market: Global Industry, Size, Share, Growth, Trends, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global truck disc brake market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global truck disc brake market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global truck disc brake market is segmented on the basis of product type, and region. The global truck disc brake market was valued at US$ X.X million in 2016, and is expected to reach US$ X.X million over the forecast period at a CAGR of XX.X%.
Disc brake employs friction by squeezing pair of pads against the rotating disc which is attached to the wheels or machine. Disc brakes are alternatives for the most commonly used old drum brakes. Air disc brake operates more efficiently and smoothly than old drum brakes.
Consistent torque and less tendency for fading of brakes are key factors for growth of the global truck disc brake market. In addition, increasing concern among transportation industry for safe and reliable brake system, coupled with self-adjustment, better cooling, and self-cleaning are other factors expected to fuel growth of the global truck disc brake market during the forecast period.
High cost of disc brake is a key factor expected to restrain growth of the global truck disc brake market. In addition, high maintenance cost, complexity to install hydraulic systems, limited maintainability on field, and difficulty to replace abrasive pads are other factors hampering growth of the global truck disc brake market.
However, development of innovative products with cost-effectiveness can create opportunities for major players operating in the global truck disc brake market.
North America market is a dominant player in the global truck disc brake market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed automobile industry, presence of leading truck disc brake manufacturers, and rise in number of people adopting truck disc brake for car trucks. Europe accounts for the second largest revenue share contribution to the global truck disc brake market followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increase in number of people installing disc brake in premium trucks in the region.
Global Truck Disc Brake Market Segmentation:
Global truck disc brake market segmentation by types:
- Opposed piston types
- Floating caliper type
Global truck disc brake market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ZF Friedrichshafen AG
- Akebono Brake Industry Co., Ltd.
- Chassis Brakes International
- Nissin Kogyo
- Mando Corporation
- APG-FTE automotive Co.,Ltd
- Knorr-Bremse AG
- Wabco Vehicle Control System
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