Automotive Brake Caliper Market Analysis
The global automotive brake caliper market is likely to grow at a 3.8% CAGR in the forecast period 2024 - 2032, according to the latest Market Research Future (MRFR) analysis. Automotive brake calipers are a form of braking system which is used in automobiles to enhance vehicle safety. These are high pressure braking systems that are used in disc brakes. These brake calipers are made of different materials like aluminium, stainless steel, and cast iron.
Various factors are fuelling the global automotive brake caliper market share. As per the recent MRFR market estimates, such factors include the growing use of such caliper in SUVs, growing production and sale of commercial cars worldwide, increasing need for off-highway vehicles owing to growing mining and construction activities, rising long distance transportation, growing concerns regarding the safety of passenger and commercial cars, and low maintenance cost of the system. The additional factors adding market growth include the growing adoption of disc brake in cars over drum break, rise in vehicle production worldwide, supportive government policies, growing concerns towards carbon emission, technologically advanced and emerging nations that are investing in building infrastructure for electric cars, growing per capita disposable income, advances in auto technology, and rapid urbanization.
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On the contrary, prohibitive cost, highly matured market, re-manufacturing challenges, impact of the COVID-19 pandemic, and stringent regulations related to the use of light-weight materials may limit the global automotive brake caliper market growth over the forecast period.
Automotive Brake Caliper Key Players
· AKEBONO BRAKE INDUSTRY CO. LTD (Japan)
· AISIN SEIKI Co. Ltd (Japan)
· Continental AG (Germany)
· ZF Friedrichshafen (Germany)
· WABCO (US)
· Brembo S.p.A. (Italy)
· Mando Corporation (Korea)
· ACDelco (US)
· Apec Braking (UK)
· Robert Bosch (Germany)
· ATL Industries (Canada)
· AbeBrakes (UK)
· BWI Group (China)
· Budweg Caliper A/S (Denmark)
· Japan Brake Industrial Co. Ltd (Japan)
Automotive Brake Calliper Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global automotive brake caliper market based on sales channel, vehicle type, material, and product type.
By product type, the global automotive brake caliper market is segmented into floating and fixed brake caliper. Of these, the fixed caliper segment will lead the market over the forecast period.
By material, the global automotive brake caliper market is segmented into aluminium, stainless steel, and cast iron. Of these, the stainless steel segment will dominate the market over the forecast period.
By vehicle type, the global automotive brake caliper market is segmented into commercial vehicle & passenger car. Of these, the passenger car will spearhead the market over the forecast period.
By sales channel, the global automotive brake caliper market is segmented into aftermarket and OEM. Of these, the OEM segment will have the lions share in the market over the forecast period.
Automotive Brake Caliper Regional Analysis
By region, the global automotive brake caliper market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period. Growing production and sales of automobiles from India, Japan, and China, growing disposable income from India and China, booming automotive brake caliper market, growing population, rising urbanization, growing focus on vehicle and driver safety, and automobile manufacturers focusing towards establishing facilities for electric vehicles are adding to the global automotive brake caliper market growth in the region.
In Europe, the global automotive brake caliper market is predicted to hold second-largest share over the forecast period for the presence of several key manufacturers and their rising collaborations with automotive OEMs.
In North America, the global automotive brake caliper market is predicted to have promising growth over the forecast period for the rising adoption of disc brakes in cars in these regions.
In RoW, the global automotive brake caliper market is predicted to have sound growth over the forecast period.
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