Asia-Pacific Disc Brake Market Worth $7.9 Billion by 2018 March 19, 2015

Asia-Pacific Disc Brake Market worth $7.9 Billion by 2018 Asia-Pacific Disc Brake Market can be segmented on the basis of applications and geography. Browse through the TOC of The Asia-Pacific Disc Brake Market report, to get an idea of the indepth analysis provided. This also provides a glimpse of the segmentation in the market, and it supported by various tables and figures. http://www.micromarketmonitor.com/market/asia-pacific-disc-brake-5928999852.html Major players in the market are Hyundai Mobis, Akebono, Nissin Kogyo, Aisin Seiki, and KnorrBremse, with market shares of 17.5%, 12%, 9%, 8%, and 5% respectively. The global disc brake market is estimated to grow at a rate of 8.1%, over the period 2013 to 2018. Increasing national and international regulations towards vehicle safety, regulations for vehicle stopping distance, and changing customer orientation in the direction of personal safety, would upsurge the overall demand of automotive disc brakes. Disc brake technology has better heat dissipation efficacy, light-weight, more efficiency in all-weather conditions, and lesser stopping distance. Hence, they are considered more reliable than drum brakes. Due to the above mentioned reasons, disc brakes have already started gaining a significant market share. However, penetration of disc brakes in the commercial vehicle segments is limited to the European region only, whereas other regions prefer disc brakes in passenger vehicle segment only. Get 10% Customization in This Report Email: [email protected] Tel: [phone]