Asia-Pacific Disc Brake Market Worth $7.9 Billion by 2018 March 19, 2015 | Page 2

Browse through the market data tables, figures and detailed TOC on the “Asia-Pacific Disc Brake Market” http://www.micromarketmonitor.com/market/asia-pacific-disc-brake-5928999852.html Due to the increasing population, improved lifestyle, and standard of living, the demand for vehicles has increased significantly in the past few years. Mass production techniques, lower manufacturing costs, and cheap labor available in developing countries, offered greater benefits to the vehicle manufacturers in the region. With the increase in the production of the vehicle and the opportunities which the region presents to the vehicle manufactures, the demand for disc brake in the region is increasing. The market for the Asia-Pacific disc brakes is anticipated to grow at a CAGR of 9.3%. Related Reports European Disc Brake Market: The European region is characterized by the technical advancements and the use of new technology. The region is the first one to introduce disc brakes in commercial vehicles. With the introduction of disc brakes in the commercial vehicles, the market for the disc brakes in the region has increased, which provides the vehicle manufacturers to penetrate further in the market. The disc brake market for Europe has been estimated to grow at a CAGR of 5.7%, for the given period. http://www.micromarketmonitor.com/market/europe-disc-brake-9342514383.html North American Disc Brake Market: The increased use of personal transport over public transport has surged the market for passenger cars. The benefits which disc brake offers are significant, and manufacturers have started using the same in passenger cars. Th e North American region is one such region where personal vehicles have increased over public transport. The region is one of the significant regions for the automotive industry. With more than one motor per person, the region holds a strong command on the automotive industry. Due these reasons, the market for disc brakes in North America is estimated to grow at a CAGR of 8.1%. http://www.micromarketmonitor.com/market/north-america-disc-brake-9815234502.html Email: [email protected] Tel: [phone]