The global automotive brake caliper market is likely to grow at a 3.8% CAGR in the forecast period 2023- 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.
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.
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.
Regional
Analysis
By region,
the global automotive
brake caliper market size 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.
Key
Players
The notable
players in the global automotive brake caliper market report include Japan Brake Industrial Co., Ltd (Japan), Budweg
Caliper A/S (Denmark), BWI Group (China), AbeBrakes (UK), ATL Industries
(Canada), Robert Bosch (Germany), Apec Braking (UK), ACDelco (US), Mando
Corporation (Korea), Brembo S.p.A. (Italy), WABCO (US), ZF Friedrichshafen
(Germany), Continental AG (Germany),
AISIN SEIKI Co., Ltd (Japan), and AKEBONO BRAKE INDUSTRY CO., LTD (Japan), among
others.
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