Automotive Disc Brake Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Automotive Disc Brake Market in 2025 is assessed at USD 18.12 billion. The global market size was worth over USD 17.17 billion in 2024 and is anticipated to see a CAGR exceeding 6.9%, reaching over USD 40.88 billion by 2037. North America is projected to hold a commanding industry position, impelled by increasing vehicle crashes and a preference for road travel.
The market growth is driven by 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, the market revenue is propelled by 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. 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.
