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The growing requirement of heavy commercial vehicles due to increase in mining and long distance travel that requires enhanced safety is noted to improve the sale of automobiles equipped with brake calipers. This can act as a potential growth booster for the global automotive brake calliper.
Regional Outlook
In Asia Pacific, the Automotive Brake Caliper Market Size is likely to exhibit expansion at high pace owing to high demand for smart automobiles. Over the past years, the production rate of automobiles has increased to meet its rising demand. In addition, people are prioritizing safety over cost. This is encouraging automakers to incorporate brake caliper in automobiles that can bolster the regional market growth. MRFR states that the APAC automotive brake caliper is likely to lead in the global market. Additional causes, such as expansion of population, surge in urban base, and rise in concern vehicle safety anticipated to contribute to the regional progress of the market. North America and Europe are likely to show a steady expansion of the Automotive Brake Caliper Market Size in the foreseeable future.
Segmental Analysis
The rise in the sale of heavy commercial vehicle is noted to make the market gain high profits. At the same time, increase in the demand for more safe passenger automobiles as incidences of car accidents are observed to rise, can impel the market growth. By material, the market is segmented into aluminum, cast iron, and stainless steel. The ease of procuring metals for the fabrication of brake caliper due to abundance of resources and availability of required resources, is expected to surge its market. The stainless steel segment is expected to contribute largely to the Automotive Brake Caliper Market Size. OEM and aftermarket are sales channel segment of the market Automotive Brake Caliper Market Size. The availability of large proficient OEMs and effective aftermarket services can support the market expansion.
Key Players
MRFR list of prominent Automotive Brake Caliper Market Size suppliers consist of AISIN SEIKI Co., Ltd (Japan), AKEBONO BRAKE INDUSTRY CO., LTD (Japan), ZF Friedrichshafen
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