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Download Free sampleThe global Automotive Disc Brake market was valued at 126.27 Million USD in 2021 and will grow with a CAGR of 2.65% from 2021 to 2027, based on Research newly published report.
The prime objective of Automotive Disc Brake Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Disc Brake Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Disc Brake is a type of brake that uses calipers to squeeze pairs of pads against a disc in order to create friction that retards the rotation of a shaft, such as a vehicle axle, either to reduce its rotational speed or to hold it stationary. Hydraulic disc brakes are the most commonly used form of brake for motor vehicles but the principles of a disc brake are applicable to almost any rotating shaft.The Disc Brake is usually made of cast iron, steel and aluminum, but in some cases may be made of composites such as reinforced carbon-carbon or ceramic matrix composites. The main consumption regions are concentrated in the China and Europe and North America. The automotive disc brake`s consumption has great relationship with the local automotive production and economic level. The developing countries have little consumption. The import and export volume is relative small; China has the largest export ratio. Currently, the Automotive Disc Brake has a certain degree of anti-dumping phenomenon. The import specification and volume depends the local consumption. In the future, the Automotive Disc Brake will have a good future; the price fluctuation has relationship with the raw material and models. The technology will more mature and the monopoly phenomenon will be weaken. The application will extensive. The consumption growth rate has continuously up streaming. The installation rate is higher and higher.
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