Automotive Brake Caliper Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics

Automotive Brake Caliper Market Overview:

Automobile brake calipers are an essential component of a vehicle's braking system. Its purpose is to slow the car's wheels by causing friction with the braking rotors. When you step on the brakes, the brake caliper fits like a clamp on the wheel's rotor, preventing the wheel from turning. They squeeze the brake pads against the brake rotor's surface to slow or stop the car. They reduce the speed of the vehicle's wheels by causing friction with the braking rotors.

 

Rising zero-emission car production, a growing preference for automotive e-commerce, and rising demand for disc brakes among vehicle owners are significant factors driving the Automotive Brake Caliper market.

 

 

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Automotive Brake Caliper Market Dynamics:

The demand of the Automotive Brake Caliper Market is mainly related to increased concerns toward vehicle safety, growing acceptance of disc brakes in automobiles over drum brakes, governments’ vehicle safety standards, and expansion in global vehicle production. These factors are also expected to enhance market growth throughout the predicted period.

 

The increasing trend toward lightweight and composite materials to manufacture lighter vehicles for electric and hybrid vehicles, as well as the development of improved braking systems for upcoming vehicles, is likely to drive market expansion. Government rules and standards have primarily influenced brake calipers in vehicle safety modules.

 

Increasing standard of living is boosting the sale of vehicles, and the high demand for safety in the commercial and passenger vehicles is fueling the requirement for disc brakes, boosting the automotive brake caliper market.

 

Technological developments for making brakes efficient and cost-effective help increase the market growth. The surge in investments in R&D by the automotive industry is creating opportunities in the market.

 

Automotive Brake Caliper Market Segmentation:

The Automotive Brake Caliper market is segmented into Product, Piston Material, End-user, and Vehicle

 

Based on Product, The automotive brake caliper market is segmented into fixed and floating.  Fixed calipers are non-moving and have pistons on both sides of the rotor. These calipers provide higher performance but are more expensive than floating calipers. Specific high-performance fixed calipers include two or more sets of pistons (or pots) on each face of the rotor; others may have up to six sets in total.  Floating calipers have one or two pistons that move inward and outward to the rotor. When the brakes are applied, the piston drives the entire caliper, causing friction from the brake pads on both sides of the rotor.

 

The fixed brake caliper segment is expected to dominate the automotive brake caliper market quicker, holding more than 55% of the sale value.  The benefits it provides to vehicles, such as residual torque and weight reduction and the growing demand for high-performance automobiles with minimal carbon emissions are the reasons the fixed brake caliper segment is expected to dominate the automotive brake caliper market.

 

 

Based on Piston Material, the Automotive Brake Caliper market is segmented into Steel, Aluminum, Titanium, and Phenolics. In 2023, the piston material made of steel segment generated around USD 4.5 billion in revenue. The supremacy is primarily due to its low cost compared to other materials and its ease of availability.

 

Steel pistons are most typically employed in passenger cars and huge commercial vehicles due to their greater durability and ability to endure high compressive forces. Manufacturers are working to improve product quality in order to expand their product portfolio and obtain a competitive advantage. The high-pressure die casting process is likely to gain significant momentum in the automotive brake caliper market as it is extensively used to make steel calipers.

 

 

Base on End-user, The automotive brake caliper market is divided into two segments OEM and aftermarket. Due to the increased demand for air disc brakes in vehicles, the OEM user segment controlled the automotive brake caliper market in 2023. Increasing demand from zero-emission vehicle makers and a growing requirement for safe and high-performance automobiles may help drive the Automotive Brake Caliper market even further.

 

Based on Vehicle Type, The Automotive Brake Caliper market is divided into four segments passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and two-wheelers.  The passenger car vehicle sector accounted for a sizable portion of the market in 2023 since calipers reduce on-track operating temperature, hence improving braking system performance. The category is expected to maintain its lead during the projection period in the automotive brake caliper market.

 

The market for automobile brake calipers for the PCV vehicle type category is expected to rise at a rapid pace, reaching more than US$ 2.0 billion by the end of 2030. When compared to other automotive brake caliper vehicle segments, the Automotive brake caliper for HCV vehicle market is growing at a slower rate.

 

The slow growth of the HCV Automotive brake caliper market is attributable to the product's extended lifecycle and availability in the market internationally. Despite the fact that the automotive brake caliper for LCV vehicle segment has a maximum work piece diameter, it is employed in a variety of light commercial vehicles. As a result, it controls more than 30% of the market in terms of value in 2023.

 

Automotive Brake Caliper Market Regional Insights:

Due to the significant demand for innovative technologies in the automobile market, Europe accounts for a sizable portion of the global market. However, as a result of increasing demand for automotive brake calipers from Japan, India, and China over the forecast period, the market in the Asia Pacific is expected to rise rapidly.

 

By 2030, Asia Pacific is expected to account for around 45 percent of the automotive brake caliper market. The participants' profit margins are being impacted by increased competition in the region due to increased production capacity.

 

Aside from the high-user vehicles, manufacturers focus on value addition in their vehicles. The product's supply chain is influenced by automobile manufacturers' reliance on the domestic automotive brake caliper market. Suitable foreign-based investments driven by future markets and significant vehicle manufacturing in the region is predicted boost demand.

 

The Chinese economy is expanding, as is middle-class consumer discretionary money. This expansion reflects positively on the increasing demand for autos. Vehicle production has grown dramatically over the last five years due to the country's low production costs. Furthermore, in order to encourage car sales, the Chinese government has reduced car taxes. China is also a significant supplier of autos and automotive components. The region's increased automotive production is likely to support market growth. The global economy and environmental restrictions significantly impact Chinese car exports. Recent rule modifications around the world have had minimal effect on sales growth.

 

The report aims to provide stakeholders in the Automotive Brake Caliper market with a detailed market outline. The research discusses the most critical Automotive Brake Caliper sector trends and how these trends are expected to impact future business investments and marketing strategies throughout the forecast period. By studying market leaders, market followers, and regional players, the report also aids in the understanding of the Automotive Brake Caliper Market dynamics, economic fundamentals, and competitive structure.

 

The qualitative and quantitative data in the Automotive Brake Caliper Market research will help determine which market segment, region, and influencing factors are anticipated to grow at faster rates and significant opportunity areas that will drive the market and its growth during the projected projected growth period.

 

The competitive landscape of essential players in the market and their recent advances in the Automotive Brake Caliper Market is also included in the report. The study examines company size, market share, market growth, revenue, production volume, and profitability of the Automotive Brake Caliper Market's major players.

This report aims to provide a comprehensive analysis of the Automotive Brake Caliper Market and highlight the significant trends and growth opportunities. The report offers Porter's Five Force Model for analysis of the Automotive Brake Caliper Market, which helps design the business strategies in the market. The study aids in determining the number of rivals, who they are, and the performance of the products in the industry.

 

The analysis also examines whether the Automotive Brake Caliper Market is open to new entrants, whether they enter and exit the market regularly, and whether a few players dominate it.

 

The report also includes PESTEL Analysis, which aids in developing company strategies. Numerous elements affect growth and profitability. A PESTEL study can assist in determining the significance and strength of these elements.

 

It helps firms decide which characteristics are beneficial and which are not. PESTEL is a word that stands for Political, Economic, Socio-cultural, Technological, Environmental, and Legal. These variables take on added significance for organizations functioning in a global setting

 

Automotive Brake Caliper Market Scope:

Automotive Brake Caliper Market		Market Segmentation
Market Indicators:	Details	By Product	Fixed Floating
		By Piston Material	Steel Aluminium Titanium Phenolics
Historical Data:	2018-2022	By End-user	OEM Aftermarket
Forecast Years:	2024-2030
		By Vehicle	Passenger Cars Light Commercial Vehicles Heavy Commercial vehicles Two-wheelers
Base Year:	2023	By Region	North America Europe Asia Pacific Middle East and Africa South America
CAGR:	3.5%
Market Size in 2023:	USD 8.86 Bn.
Market size in 2030:	USD 11.28 Bn.

 

Automotive Brake Caliper Market: Key players and their Insights:

The Automotive Brake Caliper Market has become competitive. Various market players have adopted product launches and business expansion as their developmental strategies to expand their market share, increase profitability, and remain stable in the market. To grow their product range and acquire a competitive edge in the market, key players in the market are employing various business tactics such as business expansion.  To strengthen their market position, significant organizations are pursuing various business strategies such as mergers and acquisitions.

 

Some of the most prominent players in the Automotive Brake Caliper Market are:

• Akebono Brake Industry Co (Japan)
• LTD (Japan)
• Aisin Seiki Co. (Japan)
• Continental AG (Germany)
• WABCO (US)
• ZF Friedrichshafen AG (Germany)
• Brembo S p.a. (Italy)
• Mando Corporation (Korea)
• ACDelco (US)
• Chassis Brakes International (India)
• Apec Braking (UK)
• Remy Automotive (Belgium)
• Robert Bosch (Germany)
• ATL Industries (Canada)
• AbeBrakes (UK)
• Centric parts (US)