Transparency Market Research in its new report titled, “Automotive Pneumatic Disc Brakes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive pneumatic disc brakes market. The new report anticipates the rising demand for commercial vehicles in logistics & construction industries will boost the demand for the automotive pneumatic disc brakes market during the forecast period i.e, 2018-2026. Moreover, continuous research & development in pneumatic disc brakes and growing demand for passenger safety are likely to drive the automotive pneumatic disc brakes market.
The TMR report has split the automotive pneumatic disc brakes market based on material, vehicle type, sales channel, and region. In accordance with material, the market is divided into cast iron and others. The cast iron segment is likely to dominate the market during forecast period owing to its advantages such as availability at low cost, easy machinability, and longer lifespan. In terms of vehicle type, the automotive pneumatic disc brakes market is bifurcated into passenger vehicles and commercial vehicles. As per the TMR report, there has been an increase in demand for commercial vehicles across the globe. Countries in North America, Europe, and Asia Pacific witness stable economic conditions, high percentage of urbanization, increase in per capita income, and expansion of construction and logistics industries. These factor are anticipated to drive the commercial vehicle market across the globe.
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In terms of components, the report has split the automotive pneumatic disc brakes market into actuators, brake calipers, and others. Actuators and calipers are highly important components of the pneumatics disc brake system as they are vital components of the pneumatic disc brake system. Based on sales channel, the automotive pneumatic disc brakes market is classified into OEMs and aftermarket. The OEMs segment is likely to dominate the automotive pneumatic disc brakes market during the forecast period owing to the benefits of pneumatic brake such as highly reliable system, low maintenance, greater lifespan, and continuous investment in research and development activities for better braking effect.
On the basis of regional perspective, the TMR report has segregated the automotive pneumatic disc brakes market into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, North America holds a major share of the global automotive pneumatic disc brakes market. Asia Pacific follows North America in terms of share of the global automotive pneumatic disk brakes market. Higher number of commercial vehicles and high rate of adoption of latest technology are likely to propel the automotive pneumatic disc brakes market during forecast period, as per the report. Major players operating in the global automotive pneumatic disc brakes market are included in this report and these are WABCO, AISIN SEIKI Co., Ltd., and Continental AG.
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