Automotive Brake Rotor Market

Unleashing the Power of Automotive Brake Technology

Based on the analysis by Fact.MR, the global automotive brake rotor market is estimated to be valued at US$ 9.7 billion in 2023 and it is expected to grow at a CAGR of 4.5% to reach US$ 15 billion by the end of 2033.

Automotive brake rotors play a crucial role in the braking system of vehicles, providing the necessary friction to slow down or stop the vehicle. They are an essential component in ensuring the safety and performance of the braking system.

Report Attributes	Details
Automotive Brake Rotor Market Size (2022A)	US$ 9.5 Billion
Estimated Market Value (2023E)	US$ 9.7 Billion
Forecasted Market Value (2033F)	US$ 15 Billion
Global Market Growth Rate (2023-2033)	4.5% CAGR
United States Market Share (2023)	11.7%
China Market Growth Rate (2023-2033)	4.7% CAGR
Key Companies Profiled	ADVICS Co, Ltd Akebono Brake Corporation Brembo Brembo S.p.A. CENTRIC PARTS. Continental AG DRiV Inc. EBC Rotor Galfer Rotor Haldex Hitachi Astemo, Ltd Kaneri group Meritor Inc Robert Bosch Valeo SA Wilwood Engineering, Inc. Zf friedrichshafen AG

Historic and Future Pathway Analysis for the Automotive Brake Rotor Market

An automotive brake rotor, commonly known as a brake disc, is a vital component in a vehicle's braking system. When the brake pedal is pressed, the brake pads, which are in contact with the brake rotor, create friction, causing the rotor to slow down or stop the vehicle's wheels.

This process converts the vehicle's kinetic energy into heat, effectively bringing the vehicle to a halt. Brake rotors play a critical role in ensuring reliable and efficient braking performance, contributing to vehicle safety and control during deceleration and stopping maneuvers. With ongoing advancements in technology, brake rotors continue to evolve, providing improved performance and safety features for vehicles.

• Short Term (2023-2026): Changing consumer preferences are anticipated to drive the automotive brake rotor market during the projection period as they are becoming more conscious of safety features in their vehicles and are willing to invest in high-quality braking systems
• Medium Term (2026-2029): Growth in Automotive industries around the Asia Pacific region is expected to drive the demand for automotive brake rotor
• Long Term (2029-2033): Market players are adopting numerous groundbreaking strategies to remain competitive in the market. Further, production capacity expansion to spur the growth outlook for the automotive brake rotor market.

On the back of the aforementioned facts, the automotive brake rotor market is anticipated to grow at a CAGR of 4.5% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market share analysis of automotive brake rotor based on product type and region is provided in a nutshell in the above image. Under the type segment, the Slotted sub-segment dominates with a 49% market share in 2023.

Market Dynamics Outlook

“Booming Vehicle Production Drives Soaring Demand for Automotive Brake Rotor”

The automotive industry is experiencing a period of significant growth, with vehicle production reaching unprecedented levels across the globe. This surge in manufacturing activity directly impacts the demand for various automotive components, including brake systems, with automotive brake rotors at the forefront.

As more vehicles roll off assembly lines, the need for reliable and efficient braking systems intensifies. Brake rotors play a crucial role in stopping the forward motion of automobiles, enabling safe and controlled deceleration. Consequently, automakers and brake rotor manufacturers face the challenge of meeting the escalating demand while ensuring the supply of high quality and technologically advanced products.

The increase in vehicle production is driven by various factors, such as rising consumer demand, economic growth in emerging markets, and advancements in automotive technologies. This growth extends to a wide range of vehicle segments, from passenger cars and light trucks to commercial vehicles and heavy-duty machinery.

“Factors Affecting the Growth of the Automotive Brake Rotor Market”

The automotive industry is experiencing a profound transformation with advancements in vehicle technology, especially the increasing adoption of regenerative braking systems in electric and hybrid vehicles. While regenerative braking contributes to energy efficiency and reduced reliance on conventional friction brakes, it also poses potential challenges to the demand for traditional brake rotors.

Further, as electric and hybrid vehicles continue to gain traction, especially in the wake of environmental concerns and stricter emission regulations, the use of regenerative braking is increasing. This could pose a challenge for conventional brake rotors, which are not integrated with regenerative braking technology.

Country-wise Insights

What are the Factors Driving Automotive Brake Rotor Demand across United States?

The United States has a large and mature automotive market, with a high number of vehicles on the road. As the automotive industry continues to expand, the demand for brake rotors increases proportionally. This growth is fueled by factors such as improving economic conditions, rising disposable incomes, and favorable financing options.

Furthermore, increasing vehicle sales contribute to the demand for brake rotors. The United States has witnessed a steady rise in vehicle sales over the years. As more vehicles are sold, the need for brake rotors also grows. This is particularly true for passenger cars and light trucks, which account for a significant portion of the overall vehicle sales in the country.

• For instance, USA overall production of commercial vehicles passenger vehicles was increased by 10% and 8 % respectively in 2022 over 2021

Owing to this automotive brake rotor is expected to witness immense growth during the forecast period as automotive brake rotor is used as assists in slowing down or stopping vehicles and for cools down the braking system

Why East Asia & South Asia Automotive Brake Rotor Market are Flourishing?

Emerging economies in East Asia and South Asia & Oceania present significant opportunities on the back of growth in domestic automotive sectors, which is also witnessing significant increase in investments and research and development along with a massive technological shift.

The East Asia and South Asia & Oceania automotive brake components markets hold 21.2% and 19.9% share, respectively and with surge in automobile manufacturing in these region driven by rising disposable incomes, urbanization, and a growing middle class more people can afford cars, has skyrocketed vehicles demand, resulting in a higher need for automotive components such as brake rotors.

Moreover, both these regions are considered as major sourcing hubs by OEMs for automotive brake components and overall auto components.

As the vehicle parc continues to expand, the need for brake rotor replacements and upgrades has increased. This has created a lucrative market for aftermarket brake rotor manufacturers and suppliers.

Category-wise Insights

Why Do Cast Iron Material Have Major Share in The Automotive Brake Rotor Market?

Cast iron materials hold major share in automotive rotor market due to their excellent thermal conductivity, wear resistance, cost-effectiveness, vibration damping properties, availability, and proven performance.

Excellent thermal conductivity property allows cast iron to effectively dissipate heat generated during braking. This property is crucial as it helps prevent brake fade, a phenomenon where the braking performance deteriorates due to excessive heat buildup. By efficiently dissipating heat, cast iron rotors ensure consistent and reliable braking performance, even under demanding conditions.

Exceptional wear resistance also drives the high demand for cast iron material. As brake rotors are subjected to intense friction and wear during braking, and cast iron's high resistance to wear ensures a longer service life. This durability is particularly important in automotive applications, where safety and reliability are paramount.

How Does Increasing Demand for Commercial Vehicle will Drive Automotive Brake Rotor Market?

The increasing demand for commercial vehicles, driven by factors such as e-commerce & the logistics industry, safety regulations, and fuel efficiency requirements, is expected to drive the automotive brake market.

Commercial vehicles are subjected to heavy loads and frequent braking, which puts a strain on the braking systems. As a result, there is a growing demand for high-performance and durable brake systems that can withstand the demanding operating conditions. Manufacturers are investing in research and development to develop advanced braking technologies that offer improved performance, reliability, and safety.

Additionally, there is a growing emphasis on safety regulations and standards for commercial vehicles. Governments and regulatory bodies are imposing stricter regulations to ensure the safety of goods and passengers. This has led to the adoption of advanced braking systems, such as anti-lock braking systems (ABS) and electronic stability control (ESC), in commercial vehicles. The need to comply with these regulations is driving the demand for automotive brakes rotor in the commercial vehicle segment.

Eminent Player’s Key Stratagems

Eminent automotive brake rotor manufacturers are ADVICS Co, Ltd, Akebono Brake Corporation, Brembo, Brembo S.p.A., CENTRIC PARTS., Continental AG, DRiV Inc., EBC Rotor, Galfer Rotor, Haldex, Hitachi Astemo, Ltd, Kaneri group, Meritor Inc, Robert Bosch, Valeo SA, and Wilwood Engineering, Inc.

Automotive brake rotor manufacturers are constantly innovating their product offerings to meet the demands of the market. They are investing in research and development to improve the performance and quality of their products, which can lead to increased demand and higher sales. Players are expanding their presence in emerging markets such as Asia-Pacific, which are experiencing high growth rates due to the increasing demand for high-quality products in various end-use industries.

• In April 2022, Advics Co, Ltd merged with Hosaei Brake, a Thailand-based company that provides electrified drum brakes and disc brakesto expand its footprint in South Asia region.
• In 2020, Transit Launched DS-One, a new line of uniquely designed performance drilled and slotted brake rotors for use on heavy-duty applications like SUVs and pickup trucks, and sought-after by sports car amateurs for their look.

Fact.MR has provided detailed information about the price points of key manufacturers of automotive brake rotor positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Automotive Brake Rotor Industry Research

• By Type :

  • Blank & Smooth
  • Slotted
  • Drilled
  • Drilled & Slotted

• By Material :

  • Cast Iron
  • Steel
  • Ceramic
  • High Carbon

• By Vehicle Category :

  • Passenger Vehicles
    • Compact & Mid-Sized Cars
    • Premium & Luxury
    • SUVs
  • Commercial Vehicles
    • LCVs
    • MHCVs
    • Buses & Coaches

• By Sales Channel :

  • OEM (First Fit)
  • Aftermarket (Replacement)
    • Offline Sales
      • Authorized Dealers
      • Independent Stores
    • Online Sales
      • Company Owned Platform
      • e-Commerce Platform

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa