Overview and Scope
A brake caliper refers to a vital part of an automobile’s braking system that aids in reducing the rotor’s rotation as the car is stopped. It generates friction with the brake rotors to slow the vehicle’s wheels.
Sizing and Forecast
The brake caliper market size has grown steadily in recent years. It will grow from $11.39 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to automotive safety regulations, evolution in automotive design, demand for performance vehicles, improved manufacturing processes, automotive performance enhancement.
The brake caliper market size is expected to see steady growth in the next few years. It will grow to $14.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rise in electric and hybrid vehicles, demand for sustainable components, integration of sensor technology, evolution in brake-by-wire systems. Major trends in the forecast period include efficiency-optimized caliper designs, compact and space-saving designs, customizable caliper designs, integration of brake health monitoring, enhanced heat management.
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Segmentation & Regional Insights
The brake caliper market covered in this report is segmented –
1) By Type: Floating Brake Caliper, Fixed Brake Caliper
2) By Vehicle: Passenger Car, Light Commercial Vehicles (LCV), Two-Wheeler, High Commercial Vehicle (HCV)
3) By Piston Material: Aluminum, Steel, Titanium, Phenolics
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the brake caliper market in 2023. The regions covered in the brake caliper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growth in passenger vehicle sales is expected to propel the growth of the brake caliper market going forward. Passenger vehicles refer to self-propelled vehicles with a capacity of no more than ten people, not including the driver. The crucial brake caliper, which applies pressure to the brake pads to slow or stop the vehicle, is an essential part of the car’s braking system. A brake caliper is used to provide these vehicles with dependable braking systems. For instance, in March 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, passenger car registrations in the EU increased by 11.5% from 719,783 units in 2022 to 802,763 units in 2023. Therefore, growth in passenger vehicles is driving the growth of the brake caliper market.
Key Industry Players
Major companies operating in the brake caliper market report are Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Aisin Seiki Co. Ltd, TRW Automotive Holdings Corp.,Knorr-Bremse AG, HL Mando Corporation, Brembo SpA, Bendix Commercial Vehicle Systems LLC, Cardone Industries Inc., Akebono Brake Industry Co Ltd., Haldex AB, FTE Automotive GmbH, MAT Foundry Group Ltd., Advics Co. Ltd., TMD Friction Holdings GmbH, Power Stop LLC, Centric Parts Inc., Wilwood Engineering Inc., Sumitomo Corporation, ACDelco Corp, Ap Racing Limited, Alcon Components Limited, Brake Engineering, Baer Inc., Tarox Srl, Japan Brake Industrial Co Ltd., Nissin Brake Performance, Remsa S.A., Nakamoto Industrial Co. Ltd.
The brake caliper market report table of contents includes:
1. Executive Summary
2. Brake Caliper Market Characteristics
3. Brake Caliper Market Trends And Strategies
4. Brake Caliper Market – Macro Economic Scenario
5. Global Brake Caliper Market Size and Growth
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32. Global Brake Caliper Market Competitive Benchmarking
33. Global Brake Caliper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Brake Caliper Market
35. Brake Caliper Market Future Outlook and Potential Analysis
36. Appendix
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