Automotive Brake Rotor Market to Reach US$ 15 Billion at a CAGR of 4.5% by 2033: Fact.MR Report
The increasing demand for advanced braking systems with enhanced performance and durability is helping to shape the automotive brake rotor market.
Rockville , Oct. 03, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global Automotive Brake Rotor Market is estimated to rise at a CAGR of 4.5% to reach a US $15 billion value by the end of 2033.
Automotive brake rotors, also known as brake discs, are essential parts of a car’s braking system. They work together with brake pads to slow down or stop the wheels when the brake pedal is pressed. These rotors are made from materials like cast iron, which is excellent at handling heat. This means they can keep working without getting too hot. They are tough and can last a long time, providing reliable performance. Brake rotors also give consistent braking power in situations like regular driving, bad weather, or emergencies.
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Key Segments of Automotive Brake Rotor Industry Research Report
| By Type | By Material | By Vehicle Category | By Sales Channel |
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The growth of the Automotive Brake Rotor Market is being driven by several key factors. Firstly, increasing consumer demand for vehicles with advanced safety features and enhanced braking performance is fueling the need for high-quality brake rotors.
Key Takeaways:
- The market in China is anticipated to climb at a CAGR of 4.7% until the end of the forecast period.
- The current United States market share is 11.7% and the growth is driven by various factors such as improving economic circumstances, increasing disposable incomes, and advantageous financing choices in the United States.
- The East Asia and South Asia/Oceania markets for automotive brake components account for 21.2% and 19.9% of the total share, respectively. Various factors such as rising incomes, urbanization, and a growing middle class have driven a surge in automobile production.
Increasing demand for high-performance and lightweight materials, growing emphasis on vehicle safety and advanced braking systems, and the rising adoption of electric and hybrid vehicles necessitating specialized brake rotor solutions are a few key factors driving the market – Says Fact.MR Expert
Market Competition
Producers of automotive brakes are continuously introducing new advancements in their product lineup to cater to the competitive market landscape. They’re channeling resources into research and development efforts to enhance their offerings’ performance and overall quality. This, in turn, is anticipated to drive up demand and boost sales figures. Moreover, key companies are adopting strategies such as M&As (mergers and acquisitions) to establish a good market share.
- In April 2022, Advics CO, Ltd joined forces with Hosaei Brake, a company headquartered in Thailand specializing in electrified drum brakes and disc brakes. This strategic move was aimed at broadening their presence in the South Asia region.
| Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2033) | US$ 15 Billion |
| Growth Rate (2023-2033) | 4.5% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 140 Tables |
| No. of Figures | 114 Figures |
Key Companies Profiled
- ADVICS Co, Ltd
- Akebono Brake Corporation
- Brembo
- Brembo S.p.A.
- CENTRIC PARTS.
- Continental AG
- DRiV Inc.
- EBC Rotor
- Galfer Rotor
- Haldex
- Hitachi Astemo, Ltd
- Kaneri group
- Meritor Inc
- Robert Bosch
- Valeo SA
- Wilwood Engineering, Inc.
- Zf friedrichshafen AG
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Winning strategies
- To succeed in the automotive brake rotor market, it’s crucial to use methods such as Six Sigma and Kaizen for continuous improvement. These approaches help streamline operations and ensure top-notch product quality. Six Sigma focuses on reducing errors, while Kaizen encourages ongoing small improvements.
- Key players in the market should adopt Industry 4.0 tech like automation, data analysis, and IoT. This boosts manufacturing efficiency and allows for connected solutions. Automation streamlines production, data analysis provides valuable insights for better decisions, and IoT enables real-time monitoring and control.
- To lead in this industry, it is very important to share expertise. This can be done by publishing research, creating informative documents (whitepapers), or hosting webinars about brake rotor technology and industry trends. These actions show a commitment to innovation and can help build trust and credibility.
Checkout More Related Studies Published by Fact.MR Research:
Automotive Brake Caliper Market: The global automotive brake caliper market is valued at US$ 9.3 billion in 2023 and is forecasted to secure a revenue of US$ 13 billion by the end of 2033. Worldwide automotive brake caliper sales are predicted to rise at 3.4% CAGR over the next ten years.
Automotive Brake Components Market: Worldwide sales of automotive brake components are valued at US$ 49.9 billion at present. The global automotive brake components market is forecast to expand at a CAGR of 4.2% to reach a valuation US$ 75.6 billion by 2032.
Electric Parking Brake Market: The global electric parking brake market is projected to expand at an impressive CAGR of 12.4% and end up at a valuation of US$ 5.92 billion by 2033, up from US$ 1.83 billion in 2023.
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