Product Code: RP-ID-10347458 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Automotive & Transportation |
Report ID: 10347458
Market Overview:
Global Automotive Brake Caliper Market Size study, by Product Type (Floating, Fixed), by Vehicle Type (Passenger Cars, Commercial Vehicle) and Regional Forecasts 2020-2027
Global Automotive Brake Caliper Market is valued approximately at USD 14.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2020-2027. Automotive brake calipers are a sort of braking system utilized in automobile vehicles for the purpose of improving vehicle safety. They are considered to be the high-pressure braking systems that are increasingly used in disc brakes. Brake caliper is generally made of stainless steel, aluminum, and cast iron, which are accessible at affordable prices in the market, making them economical solution to manufacturers of brake system. The prime advantage of this product is that it can be intended to ample fail-safe capability to de-accelerate the car's wheels through creating friction with the rotors. In addition, this braking system are easier to deploy onto the brake pads since they are interlocked to the master cylinder via valves, tubes, and hoses, which conduct brake fluid over the system. The rising collaboration among OEMs and automotive brake caliper manufacturers, for the development of aftermarket sector, is further strengthening the market growth globally. Moreover, the rise in production and sales of passenger cars and commercial vehicles, coupled with strict norms and regulation by government bodies for occupant safety are the few factors responsible for the high CAGR of the market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), in Asia-pacific, around 43.4 million passenger cars were produced in 2018, representing an increase from 24.6 million units in 2008. Similarly, the OICA estimated that America produced around 11 million units of commercial vehicle in 2017 and is increased to nearly 12 million units in 2018. This, in turn, is likely to strengthen the demand for automotive brake caliper, thereby contributing to the market growth around the world. However, the prohibitive cost, coupled with the remanufacturing technical issues are the few factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Automotive Brake Caliper market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising government support to implement automotive brake caliper, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in production of passenger vehicles and luxury cars coupled with stringent government norms concerning environment safety and emission in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the automotive brake caliper market in the Asia-Pacific region.
Major market player included in this report are:
Continental AG
Automotive Brake Engineering
Brakes International
ZF Automotive
Automotive Brake Engineering
Akebono Brake Corporation
Wilwood Engineering
Apec Braking
EBC Brakes
Brembo S.p.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Floating
Fixed
By Vehicle Type:
Passenger Cars
Commercial Vehicle
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Automotive Brake Caliper Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continental AG
Automotive Brake Engineering
Brakes International
ZF Automotive
Automotive Brake Engineering
Akebono Brake Corporation
Wilwood Engineering
Apec Braking
EBC Brakes
Brembo S.p.A.
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