According to the report titled ‘Global Disc Brake Market Size study with COVID-19 Impact, by Type (Fixed Caliper, Floating Caliper, Sliding Caliper), by Application (Passenger Vehicle, Commercial Vehicle) and Regional Forecasts 2020-2026’, available with Market Study Report, global disc brake market was valued at USD 11.4 billion in 2019 and is expected to grow with a CAGR of 6.5% during 2020-2026.
 

Growing population and subsequent demand for commercial vehicles, personal cars, and two wheelers are primarily driving the growth of global disc brake market. According to the WHO, worldwide population was growing at a rate of 1.05% per year as of 2019, owing to which two-wheeler market is projected to amass approximately USD 125 billion by the year 2024.
 

Due to properties such as heat dissipation, disc brake is favored over drum or other brakes by both manufacturers and consumers, as it requires less cooling time, provides better stopping strength, possesses non-failure capacity even if the surface is wet, and offers better control. These brakes are also easy to clean, and require less maintenance, in turn augmenting global disc brake market share.
 

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In the view of COVID-19 pandemic, automotive sector has experienced the worst quarter since the global financial crisis in 2008. Both supply and demand have been hit, negatively impacting worldwide disc brake industry. The plant operations have been halted by many automakers in India, US, UK, China, and other countries, hence hindering the market remuneration.
 

On the bright side, strict safety norms, and demand for advanced features and innovations in braking systems is facilitating the business scenario. However, sound produced by wheels at times due to sudden force applied by these brakes will act as a restraining factor for global disc brake industry expansion.
 

Citing the regional landscape, worldwide disc brake market sphere is segmented into North America, Latin America, Asia Pacific, Europe, and Rest of the World. The report claims that Asia Pacific holds significant market share currently and is expected to grow further over the assessment period. The regional growth is credited to surging demand for vehicles in economies like South Asia, India, and China. In addition, rising net income and urge to own a car are also contributing to the market outlook.
 

Major players impacting global disc brake market trends are Ferodo Company, ACDelco, Nakamoto Softech Private Limited, Wilwood Engineering Inc., Wagner Brake, Akebono Brake Industry, Robert Bosch GmbH, Galfer USA, EBC Brakes, and Brembo S.p.A.