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Brake caliper systems are installed onto the brake disc, which helps in applying frictional force to a cylindrical drum attached to the wheel to reduce its speed and enhance the control of the vehicle. During braking, air pressure or hydraulic pressure is used to produce frictional force, which reduces and controls the speed of the vehicle. In the automotive aftermarket, there are several brands of brake calipers available including fixed and floating brake caliper. The increasing sale of electric vehicles and the rising automotive brake pad manufacturing infrastructure globally are some of the factors that are boosting the growth of this market.
The global Automotive Brake Caliper Industry is estimated to witness 3.8% CAGR during the forecast period.
The global Automotive Brake Caliper Industry 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 product type, the fixed segment is projected to be the dominant throughout the forecast period. This can be attributed to its ultra-long lasting and high wear and tear feature provides greater performance and versatility. Furthermore, the growing applications of disc brakes in heavy duty vehicles is also driving the growth of this segment.
On the basis of material, the stainless steel segment is projected to be the dominant segment throughout the forecast period. This can be attributed to its cost-effective solutions as compared to the other counterparts and easy availability Furthermore, stainless steel caliper is suitable to use in all type of vehicles due to its the features such as high durability, corrosion resistance, and hardness.
On the basis of vehicle type, the global COVID-19 Analysis has been divided into passenger and commercial vehicles. The commercial vehicle segment is expected to grow at a higher rate over the forecast period due to the extensive use of these braking systems in heavy duty vehicles, such as trucks and buses, in the US, Canada, China, Japan, Germany, and India. Furthermore, the growing transportation and long distance travelling, is driving this market.
On the basis of sales channel, the aftermarket segment is projected to witness the highest growth rate during the forecast period. This growth can be attributed to the growing investment and collaboration of brake caliper manufacturers and automotive OEMs for the development and advancement of the automotive aftermarket in emerging nations.
The players considered for the study of global Automotive Brake Caliper Industry are Apec Braking (UK), Robert Bosch (Germany), ATL Industries (Canada), AbeBrakes (UK), BWI Group (China), Budweg Caliper A/S (Denmark), Japan Brake Industrial Co., Ltd (Japan), 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), and ACDelco (US).
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