Automotive brake rotors are the flat, round piece of metal, onto which brake pads clamp down to stop the vehicle. The brake rotors form an important part of the vehicle's braking system and are also known as discs in the automotive terminology. Brake rotors for automotive applications have witnessed significant improvements in the past couple of decades, wherein the rotors are developed using advanced materials.
Technavio’s analysts forecast the global automotive brake rotors market to grow at a CAGR of 3.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive brake rotors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio's report, Global Automotive Brake Rotors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
AKEBONO BRAKE INDUSTRY
UQuality Automotive Products
Increasing volume sales of automobiles in global market
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Technavio Announces the Publication of its Research Report – Global Automotive Brake Rotors Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive brake rotors market: Aisin Seiki, Brembo, Bosch, EBC Brakes, Federal-Mogul, SGL Group, and Surface Transforms.
Other Prominent Vendors in the market are: AKEBONO BRAKE INDUSTRY, ATE, Baer, Centric Parts, Nakamoto, Rotora, TRW Automotive, UQuality Automotive Products, and Wilwood Engineering.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is carbon ceramics brake rotors: Performance brake rotors. Advanced braking systems not only help in stopping or slowing the vehicle, but also help the drivers in the overall safety by integrating other driver assisted technologies. The braking technologies are lighter, faster, and smarter as compared with earlier braking systems, which were heavier and space consuming.”
According to the report, one driver in the market is increasing volume sales of automobiles in global market. The global automotive market is witnessing an increase in demand and volume sales for passenger cars, especially from emerging countries (like China, Brazil, and India), which have registered significant economic growth and offer elevated purchasing power. The developed regions such as North America and Europe are also contributing to the overall growth of the automotive industry, with a high proportion of luxury sedans and performance vehicles. Growth in emerging markets, with ongoing industrialization and global trade activity, especially in BRIC countries, has been vigorous.
Further, the report states that one challenge in the market is expensive replacement cost of brake rotors. Disc brake systems provide high efficiency and help achieve greater stopping distance. However, disc brakes cost more than the traditional drum brakes, not only in terms of brake systems but also in terms of mode of operations, through which the brakes work. While operating electronic braking systems, an additional sensor needs to be installed on each wheel. Once the sensors are in place, a high amount of precise calculation is needed, which adds to the additional cost. In case, if any sensors break or do not work properly, the replacement cost would be up to another $1,000, which increases the overall costs involved.