Automotive Disc Brake Market Share

North American Market Forecast   

The North American automotive disc brake market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rising incidences of vehicle crashes. According to the National Highway Traffic Safety Administration, in 2022, 38,824 people lost their life due to motor vehicle crashes in the United States. Moreover, rising preference to road travelling is also expected to boost the market growth in the region. According to a 2,000-person survey, around 67% of men and women desire to go on a road trip after spending a year locked up at home. Furthermore, the number of Americans who have taken a road trip in the past year has increased to nine out of ten, with the majority around 75% taking more than four road trips.

APAC Market Statistics

The Asia Pacific automotive disc brake market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The market growth in the region is expected on the back of rising automotive sector in the region and rising sales of vehicle. India overtook Japan in auto sales last year, moving up to third place globally. At least around 5 million new cars were sold in the nation, surpassing Japan's nearly 4 million sales.