Global Automotive Brake Caliper Market to Observe Moderate CAGR and Reach USD 18.42 Billion by 2026
Published | 20 August 2020
According to BlueWeave Consulting, the Global Automotive Brake Caliper Market size is expected to reach USD 18.42 billion by 2026 from USD 14 billion in 2019 and, at a CAGR of 4% during the forecast period. The brake caliper is an essential component in the braking system of a vehicle. On the backdrop of the growing number of the motor vehicles and universal motorized aftermarket industries, the market for brake calipers is expected to grow steadily. Request for brake caliper for automotive is expected to rise due to the increasing demand for disc brakes among vehicle owners, coupled with the growing production of the vehicles. Automotive brake calipers stand profitable chances across the countries as the automotive industry, and vehicle buyers prefer reliable brake calipers with useful features. Moreover, growing concerns towards vehicle safety and ecological balance as well as favorable government policies may additionally supplement the market for caliper brakes during the forthcoming period.
The brake caliper is a vital part of the disc brake, and it
stops the movement when the driver steps on the brake paddle. The brake
calipers are equestrian over the rotor in the disc brakes and are activated by
the brake cylinder's piston. The scope of the brake caliper varies, depending on
the size of the disc mounting on the wheel. Brake calipers are mostly made up
of semi-metallic materials comprising metals such as brass, copper, and
steel.
The disc brakes are popular due to their lesser stopping
distance in comparison to the drum brake. The growing acceptance of disc brake
in vehicles over drum brake coupled with growth in vehicle production worldwide
will hasten the market request. Besides, the advanced and emerging economies
across the world are under process of building an ecosystem for electric
vehicles which use caliper brakes and, this move is expected to induce the
demand for caliper brakes during the projection period. However, the
development of new cost-effective braking technology other than the disc brake
may obstruct the brake caliper market.
The Global Automotive Brake Caliper Market is segmented based on
Type of vehicles, Product, Piston Material, End-user and Manufacturing
Process.
Fixed Automotive Caliper Brake segment contributes significantly
to the market
Based on the Product, the market is divided into Fixed and
Floating/Sliding caliper brakes. Fixed automotive brake caliper retains more
than 55% share in automotive brake caliper sales and is expected to grow at a
higher rate in comparison to Descending/Floating Caliper brake during the
projected period. Fixed brake calipers offer torque endurance, fuel-efficiency,
lightweight and high performance. They can accommodate 2 to 8 pistons on both
inboard and outboard halves of the caliper equally.
The Key Drivers of the Automotive Brake Caliper Market are
Implementation of New Manufacturing Technologies and Adoption of Lightweight
Automobiles
The manufacturing process has reached an advanced stage with the
application of 3D printing in recent years and the automotive manufacturers use
3D printing for prototyping and end-use parts. With 3D printing Bugatti, the
maker of Veyron and Chiron SuperCars has developed its new eight-piston
monobloc brake caliper with assistance of Laser Zentrum Nord, a part of the
Fraunhofer research group. Vehicle trials are under process for the use of the
region in the series production.
Lightweight automobiles essentially need lightweight components
including caliper brakes. The advanced automobile technology and industry drive
the extensive use of lightweight caliper brakes in manufacturing lightweight
vehicles, assuring its market growth.
Europe dominates the Automotive Brake Caliper Market
Europe is the leading market for brake calipers followed by
North America, due to the significant rate of acceptance of disc brakes in
vehicles in these areas. However, Asia-Pacific is poised to witness the highest
growth throughout the forecast period owing to the substantial development in
the automobile industry, increasing focus on safety, growing population, rapid
urbanization and rising disposable income in emerging economies like China and
India.
The leading players operating in the Global Automotive Brake Caliper Market are
ACDelco, AISIN Group, Akebono Brake Industry Co., Ltd., Alcon Components
Limited, Apec Braking, APG, ATL Industries, Automotive Brake Engineering (ABE),
Bendix, Brakes International, Brembo S.p.A, Budweg, BWI Group, Cardone, Centric
Parts, Continental AG, EBC Brakes, Haldex Brakes, K-Sport, Knorr-Bremse,
Wenzhou LiBang Enterprise Co., Ltd. and others.
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