European Disc Brake Market was valued at $2.78 billion in 2013, to grow at 5.8% annually. It is projected to reach $3.68 billion by the end of 2018.
(PRWEB) December 08, 2014
Europe disc brake market was valued at $2.78 billion in 2013, to grow at 5.8% annually. It is projected to reach $3.68 billion by the end of 2018. The European region is the second-largest market in terms of vehicle production across the globe and this has strengthened its position in the disc brake market. The production level of vehicles dropped in this region due to the financial crisis of 2009 which affected not only the complete region but also the major industries. Of this, the automotive industry was badly hit. However, due to the improving economic conditions, the region is anticipated to be back in positive growth in the coming years. Complete report is available at http://www.reportsnreports.com/reports/317885-europe-disc-brake-market-forecasting-2013-2018.html .
Europe Disc Brake Market research report provides improving financial condition of consumers which has led to the increase in demand for vehicles in the region. This demand, coupled with high volume of performance vehicles and road safety norms which has reduced the stopping distance for vehicles, has increased the scope of the disc brake market in the region. Key question answered in this report:
- Market estimates and forecasts for the European disc brake market
- Trends based on the key countries of the region
- Identification of market dynamics and impact of the same on the European market
- Analysis of recent developments, alliances, joint ventures and mergers & acquisitions in the said market in European region
In the European region, Germany, which is the largest automobile market, is also the leader in the disc brake market followed by Russia and France which are second and third respectively. The growth of the market in the European region is the highest in Russia due to the increasing demand as well as the performance of cars. The market in France is growing at a slower rate as compared to Germany and Russia due to the slow economic growth. However, it is currently on a path to recovery. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=317885 .
Due to the high volume of passenger cars in the European region, the value of the market for disc brakes is the highest for this segment of vehicle type, whereas the growth of the same for LCVs in the region is higher as compared to other vehicle segments. The growth of disc brakes in HCVs is second to that of LCVs due to growing trade in the region as the economic conditions are improving. Priced at US $ 3500 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=317885 .
The audience for Europe Disc Brake Market research report:
- European disc brake companies
- Suppliers for disc brake manufacturers
- Traders, distributors and suppliers in the disc brake market
- Automobile associations
- Automotive industry as end user industry
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