Automotive Brake Caliper Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2025.
— Automotive Brake Caliper Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2025.
Automotive brake calipers are a type of braking system that is employed in automobiles for enhancing vehicle safety. They are high-pressure braking systems, which are used in disc brakes. An automotive brake caliper is made up of various materials such as cast iron, stainless steel, and aluminum, which are available at reasonable prices in the market, making them economical to brake system manufacturers. The major advantage of this system is that it can be designed with enough fail-safe capacity to slow the car's wheels by creating friction with the rotors. This type of braking system is easy to install onto the brake pads as they are interconnected to the master cylinder through tubes, hoses, and valves that conduct brake fluid through the system. The increasing collaboration between automotive brake caliper industry and OEMs, for the development of aftermarket sector, drives the market growth.
The global automotive brake caliper market is estimated to witness a 3.8% CAGR during the forecast period. The major key driving factors for the growth of this market are the increasing use of automotive brake caliper in SUV’s, rising sale and production of commercial vehicles across the globe, rising demand for off-highway vehicles due to growing construction and mining activities, increasing long distance transportation, low maintenance cost of the system, and the growing concerns regarding the safety of passenger and commercial vehicles.
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The growing stopping distances over hydraulic breaking and stringent regulations relating to the use of light-weight materials in the braking system are some of the factors that are hindering market growth. However, the growing per capita disposable income in countries such as China, India, and Germany, the advancement in automotive technology including regenerative braking system, rapid urbanization, growing automotive brake caliper industry, and the developing economies in emerging countries are expected to provide opportunities for the global market during the forecast period.
Competition amongst car brake caliper industry and the increasing use of environmentally-friendly materials in automotive braking systems have prompted manufacturers to design the system as per government regulations. This is one of the key factors responsible for the growth of this market.
The Prominent Players operating in the global automotive brake caliper market are 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), and Japan Brake Industrial Co., Ltd (Japan).
The global automotive brake caliper market is segmented based on product type, material, vehicle type, sales channel, and region. On the basis of product type, the global market has been segmented into fixed and floating brake caliper. On the basis of material, the global market has been segmented into cast iron, stainless steel, and aluminum. On the basis of vehicle type, the global market has been divided into passenger car and commercial vehicle. On the basis of sales channel, the global market has been divided into OEM and aftermarket.
Geographically, the global automotive brake caliper market has been segmented into four major regions- North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the highest market share throughout the forecast period, owing to growing production and sales of automobiles from China, Japan and India. Furthermore, Asia-Pacific is also expected to witness the highest growth during the forecast period due to the growing disposable income from countries such as China and India, increasing automotive brake caliper industry, increasing population, rapid urbanization, and increasing focus on driver and vehicle safety.
The report for the global automotive brake caliper market by Market Research Future covers extensive primary research regarding. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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