23-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Global Automotive Brake Caliper Market – By Product (Floating and Fixed), By Vehicle (LCV, HCV, PCV, and Two-Wheeler), By Manufacturing Process (Gravity Die Casting and High Pressure Die Casting), By Piston Material (Steel, Aluminum, Phenolics, and Titanium), By Distribution Channel (Aftermarket and OEM), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global demand for the automotive brake caliper market was valued at nearly USD 9.68 Billion in 2023 and is projected to hit USD 13.65 Billion by 2032, with a compound annual growth rate (CAGR) of 3.89% during the forecast period 2024-2032.
Browse the full “Global Automotive Brake Caliper Market – By Product, (Floating and Fixed), By Vehicle (LCV, HCV, PCV, and Two-Wheeler), By Manufacturing Process (Gravity Die Casting and High Pressure Die Casting), By Piston Material (Steel, Aluminum, Phenolics, and Titanium), By Distribution Channel (Aftermarket and OEM), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/automotive-brake-caliper-market
PCV segment anticipates considerably rising demand for automotive brake calipers throughout the study timeframe
The demand for automotive brake calipers is likely to be surging remarkably during the forecast period in the passenger carrying vehicles (PCVs) segment. The key reason behind this rising demand is the extensive global production and distribution of PCVs. To mitigate the increasing number of road accident incidences and to enhance road safety, automotive industries are dedicated to design vehicles with excellent braking systems. Besides this, federal and state governments are also introducing stringent regulations to promote road safety. Several governments across the globe have mandated the installation of automated emergency braking (AEB) and anti-lock braking system (ABS) in the recently launched vehicles, thereby driving the global automotive brake caliper market.
Steel, among the manufacturing materials, is anticipated to lead the global automotive brake caliper market
Owing to the superior durability, steel is considered as the most preferable material for manufacturing automotive brake calipers. Moreover, the material is robust enough to confront the pressure generated by hydraulic fluids in the braking system. Thus, steel will hold a major share of the global market throughout the forecast period.
The Asia Pacific will direct the global automotive brake caliper market in the coming years
As the sale of personal cars in the region is growing at a remarkable rate, it will eventually generate a positive impact on the regional automotive brake caliper market. Moreover, the rapid emergence of the electric vehicle market in developing countries, such as in Japan and China, would boost the automotive caliper market growth.
Some of the key players of the global automotive brake caliper market are ATL Industries, BWI Group, Knorr-Bremse, K-Sport, WABCO, AISIN Group, Bendix, Continental AG, TAROX, Alcon Components Limited, Brembo S.p.A, Remy Automotive, Wenzhou LiBang Enterprise Co. Ltd., Akebono Brake Industry Co. Ltd., EBC Brakes, Cardone, ZF Friedrichshafen AG, Haldex Brakes, Apec Braking, Mando Corporation, Wilwood Engineering Inc., Automotive Brake Engineering (ABE), Budweg, Robert Bosch, Brakes International, TRW Automotive, ACDelco, Centric Parts, and APG.
Global Automotive Brake Caliper Market: By Product Segmentation Analysis
Global Automotive Brake Caliper Market: By Vehicle Segmentation Analysis
Global Automotive Brake Caliper Market: By Manufacturing Process Segmentation Analysis
Global Automotive Brake Caliper Market: By Material Segmentation Analysis
Global Automotive Brake Caliper Market: By Distribution Channel Segmentation Analysis
Global Automotive Brake Caliper Market: By Regional Segmentation Analysis
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