Automotive Disc Brake Market Size

Automotive Disc Brake Market&size was valued at USD 17.17 billion in 2024 and is poised to exceed USD 40.28 billion by the end of 2037, registering over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive disc brake is evaluated at USD 18.1 billion.

The growth of the market can be attributed to the increasing sales of luxury cars followed by rising demand for 2-wheeler vehicles. In Germany, around 19,000 luxury cars units are expected to be sold by 2027. Moreover, around 15 million two-wheelers were sold in India in FY21. The low cost of these vehicles and a rise in demand in urban and semi-urban areas are the main forces behind these increased sales.

In addition to these, factors that are believed to fuel the market growth of automotive disc brake include the increasing concerns for safety for drivers, backed by growing cases of road accidents. According to the statistics by the World Health Organization (WHO), approximately 1.35 million people die each year as a result of road accidents. Road traffic crashes cost most countries 3% of their GDP. Moreover, governments across the world are getting more apprehensive regarding the road safety measures, which in turn is estimated to generate opportunities for the market growth. By enhancing passenger, pedestrian, and cycling safety across the EU, the European Commission expects to prevent at least 140,000 serious injuries and save over 25,000 lives by 2038.