Asia-Pacific Disc Brake Market worth $7.9 Billion by 2018 Asia-Pacific Disc Brake Market can be segmented on the basis of applications and geography. Browse through the TOC of The Asia-Pacific Disc Brake Market report, to get an idea of the indepth analysis provided. This also provides a glimpse of the segmentation in the market, and it supported by various tables and figures. http://www.micromarketmonitor.com/market/asia-pacific-disc-brake-5928999852.html
Major players in the market are Hyundai Mobis, Akebono, Nissin Kogyo, Aisin Seiki, and KnorrBremse, with market shares of 17.5%, 12%, 9%, 8%, and 5% respectively.
The global disc brake market is estimated to grow at a rate of 8.1%, over the period 2013 to 2018. Increasing national and international regulations towards vehicle safety, regulations for vehicle stopping distance, and changing customer orientation in the direction of personal safety, would upsurge the overall demand of automotive disc brakes. Disc brake technology has better heat dissipation efficacy, light-weight, more efficiency in all-weather conditions, and lesser stopping distance. Hence, they are considered more reliable than drum brakes. Due to the above mentioned reasons, disc brakes have already started gaining a significant market share. However, penetration of disc brakes in the commercial vehicle segments is limited to the European region only, whereas other regions prefer disc brakes in passenger vehicle segment only.
Get 10% Customization in This Report
Email: sales@micromarketmonitor.com
Tel: +1-888-502-0539
Browse through the market data tables, figures and detailed TOC on the “Asia-Pacific Disc Brake Market� http://www.micromarketmonitor.com/market/asia-pacific-disc-brake-5928999852.html
Due to the increasing population, improved lifestyle, and standard of living, the demand for vehicles has increased significantly in the past few years. Mass production techniques, lower manufacturing costs, and cheap labor available in developing countries, offered greater benefits to the vehicle manufacturers in the region. With the increase in the production of the vehicle and the opportunities which the region presents to the vehicle manufactures, the demand for disc brake in the region is increasing. The market for the Asia-Pacific disc brakes is anticipated to grow at a CAGR of 9.3%.
Related Reports European Disc Brake Market: The European region is characterized by the technical advancements and the use of new technology. The region is the first one to introduce disc brakes in commercial vehicles. With the introduction of disc brakes in the commercial vehicles, the market for the disc brakes in the region has increased, which provides the vehicle manufacturers to penetrate further in the market. The disc brake market for Europe has been estimated to grow at a CAGR of 5.7%, for the given period. http://www.micromarketmonitor.com/market/europe-disc-brake-9342514383.html North American Disc Brake Market: The increased use of personal transport over public transport has surged the market for passenger cars. The benefits which disc brake offers are significant, and manufacturers have started using the same in passenger cars. The North American region is one such region where personal vehicles have increased over public transport. The region is one of the significant regions for the automotive industry. With more than one motor per person, the region holds a strong command on the automotive industry. Due these reasons, the market for disc brakes in North America is estimated to grow at a CAGR of 8.1%. http://www.micromarketmonitor.com/market/north-america-disc-brake-9815234502.html
Email: sales@micromarketmonitor.com
Tel: +1-888-502-0539
About MicroMarket Monitor: MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact: Mr. Chandrasekhar K. 5601 Bridge Street Suite 300 Fort Worth TX 76112 Tel: +1-888-502-0539 Email: sales@micromarketmonitor.com
Email: sales@micromarketmonitor.com
Tel: +1-888-502-0539