Automotive Brake Caliper Market Overview:
The global automotive
brake caliper market. As per the researchers, the market is likely to expand
at a CAGR of 3.8% during the review period. The growing collaboration between
OEMs and automotive caliper industry to develop the aftermarket sector is
estimated to prompt the global automotive brake caliper market 2023. Also, the
surge in the sales and manufacturing of commercial automobiles across the world
is projected to be another important factor in augmenting market strength.
Besides, the increasing construction and mining activities are another pivotal
factor leading to market expansion. Benefits such as cheaper maintenance cost
of the system are likely to play a crucial role in market growth.
Further, the growing concern with
respect to the safety of passenger and commercial vehicles is estimated to
augment the market. It is notable here that the countries such as India, China,
and Germany are witnessing a rise in disposable income which is estimated to
bring a direct expansion in the market. Also, other factors such as rapid
urbanization, developing automotive brake caliper industry, and the burgeoning
technical advancement is anticipated to develop the market significantly.
Further, the emerging economies are estimated to pose a conducive environment
for the growth of the global market during the assessment period. However, the
widening stopping distances over hydraulic breaking and the scrupulous rules
related to the usage of light-weight materials in the braking system are some
of the factors which may impede the market expansion.
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Caliper Market
Global Automotive Brake Caliper Market Segmentation
·
The worldwide automotive brake caliper market can be
distinguished on the grounds of material, product type, vehicle type, sales
channel, and region.
·
On the grounds of material, the worldwide automotive
brake caliper market can be distinguished into stainless steel, cast iron, and
aluminum
·
On the grounds of product type, the worldwide automotive
brake caliper market can be distinguished into fixed and floating brake
caliper.
·
On the grounds of vehicle type, the worldwide automotive
brake caliper market can be distinguished into passenger car and commercial
vehicle.
·
On the grounds of the sales channel, the worldwide
automotive brake caliper market can be distinguished into OEM and aftermarket.
·
On the grounds of the region, the worldwide automotive
brake caliper market can be distinguished into North America, Asia-Pacific,
Europe, and the Rest of the World (RoW).
Geographical Analysis
The global automotive brake
caliper market is projected to expand significantly during the review period.
Geographical evaluation of Europe, North America, Asia-Pacific, and the Rest of
the World (RoW) has been performed successfully. As per the study conducted at
MRFR, the global market is predicted to be acquired by the APAC region. The
APAC region is projected to capture the highest market share during the
assessment period. Countries such as China, Japan, and India are anticipated to
contribute significantly to the manufacturing and sales process. Also, the
region is predicted to experience the maximum expansion during the review
period owing to the rising disposable income of countries such as India and
China. Besides, the robust urbanization, surmounting application, the
increasing focus on driver and vehicle safety is another conducive factor
augmenting the market. However, the
market dynamics are estimated to change significantly due to the outbreak of
COVID-19.
Key Players
The globally renowned
organization of the global automotive brake caliper market are AISIN SEIKI Co.,
Ltd (Japan), AKEBONO BRAKE INDUSTRY CO., LTD (Japan), Continental AG (Germany),
WABCO (US), ZF Friedrichshafen (Germany), Brembo S.p.A. (Italy), ACDelco (US),
Mando Corporation (Korea), Apec Braking (UK), ATL Industries (Canada), Robert
Bosch (Germany), AbeBrakes (UK), Budweg Caliper A/S (Denmark), BWI Group
(China), Japan Brake Industrial Co., Ltd (Japan), and a few more.
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