DUBLIN, Sept. 18, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Micro Market Monitor : Europe Disc Brake Market-trends and forecast to 2018" report to their offering.
At the end of the last decade, the European economy saw a downturn, and along with the economy, the automotive industry too suffered the effects of the recession. However, the economy has now recovered from the slump and the automotive industry is also following the same trend. In the coming years, demand in the automotive sector is anticipated to grow slowly in the region. Germany, which houses some of the biggest names in the automotive industry, is expected to grow at a moderate rate, while Russia, one of the growing countries in the market, is estimated to be one of the leading countries in the region.
The disc brake market is estimated to register a higher growth than the drum brake market. Disc brakes are instrumental in reducing the stopping distance of a vehicle, and hence contribute greatly to increased passenger safety; this is one of major reasons for the increased use of disc brakes in vehicles. Recent innovations in the area have led to more and more manufacturers adopting disc brakes in their vehicles. The European disc brake market, which was valued at $2,786.4 million in 2013, is expected to reach $3,669.8 million by 2018, growing at CAGR of 5.5%.
The key markets covered in the European disc brake market are:
- By Vehicle Type: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
- By Country: Germany, France, and Russia.
Key Topics Covered:
1. Executive Summary
3. Market Overview
4. Disc Brake Market in Europe, By Application
5. Disc Brake Market in Europe, by Country
6. Competitve Landscape
7. Company Profiles
- Aisinseiki Co. (Ltd.)
- Akebono Brake Industr
- Brembo S.P.A.
- Continental Ag
- Federal-Mogul Corporation
- Haldex Ab
- Hyundai Mobis Co. Ltd.
- Knorr-Bremse Ag
- Nissin Kogyo Co. Ltd.
- Trw Automotive Holdings Corp.
For more information visit http://www.researchandmarkets.com/research/jk8qn3/micro_market
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SOURCE Research and Markets