Press release
Automotive Brake Calipers Market Revenue, Trend, & Regional Analysis to 2024 with Companies - Akebono Brake, Bendix, Chassis Brakes International, Brembo, BWI Group, Continental, Knorr-Bremse, Remy Automotive Brasil, Bosch, WABCO, ZF Group
Automotive Brake Calipers
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Industry Growth drivers by region:
1 North America
1.1 Industry players inclination towards automotive e-commerce
2 EUROPE
2.1 Implementation of enhanced vehicle safety systems, owing to stringent safety regulations
3 Asia Pacific
3.1 Growth in passenger vehicle sales
3.2 Rising production of zero emission vehicles
4 LATAM
4.1 Increasing automotive production & presence of auto players
Automotive brake calipers market from PCV will account for highest revenue share of over 60% over the forecast timeframe. Substantial automobile production across the globe will primarily contribute to the high revenue generation. Rising expenditure of consumers coupled with improvement in vehicle sales will further support the industry dominance. Two wheelers will grow significantly owing to high production of motorcycles and electric bikes, especially in developing countries.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ZF Friedrichshafen AG
2. Wilwood Engineering, Inc.
3. WABCO
4. TRW Automotive
5. TAROX
6. Robert Bosch
7. Remy Automotive
8. Mando Corporation
9. Wenzhou LiBang Enterprise Co., Ltd.
10. Knorr-Bremse
11. Haldex Brakes
12. EBC Brakes
13. Continental AG
14. BWI Group
15. Brembo S.p.A
16. Brakes International
17. ATL Industries
18. Apec Braking
19. Akebono Brake Industry Co., Ltd.
20. AISIN Group
21. ACDelco
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Automotive brake caliper market from OEM will dominate the industry share owing to their mandatory installation in the vehicles. Substantial automobile production across the globe has resulted in increased foreign direct investments, especially in the developing countries will further support the industry dominance. Aftermarket will grow rapidly, witnessing over 3% CAGR from 2017 to 2024 owing to cost effective nature of the products as compared to the counterpart. Development of multi-piston caliper offering enhanced operations will further propel the industry growth.
Steel is expected to dominate the automotive brake calipers market with over 40% share over the forecast timeframe. The material possesses excellent mechanical properties including corrosion resistance, durability, and stiffness, due to which, it is highly preferred by the industry participants. Moreover, cost effectiveness as compared to the counterparts will further support the material’s dominance till 2024. Phenolics will gain high momentum, exhibiting over 3.5% CAGR owing to benefits such as high strength, lightweight, etc.
Asia Pacific automotive brake caliper market will grow rapidly at over 3% CAGR from 2017 to 2024. Superior manufacturing facilities along with substantial vehicle production across the region will primarily support the regional growth. High demand from countries including China, India, and South Korea will further escalate the revenue generation.
North America accounted for over USD 4.5 billion in 2016 and will grow significantly over the forecast timeframe. Product offering via online channels coupled with increasing sales of LCVs across the region will strengthen the industry penetration in the region. Rising adoption of disc brakes in PCVs will further foster the regional growth till 2024.
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Substantially rising vehicle production across the globe has resulted in mass production of these brake caliper, stimulating the revenue generation. Automobile OEMs are highly dependent on the suppliers offering cost-effective products along with ensuring compliance with the regulatory norms. Intense competition among the industry participants has a significant impact on the price trend of the automotive brake calipers market. However, risk of manufacturing defects due to high requirement of precision may hamper the industry growth over the coming years.
Continental, ZF Friedrichshafen, Apec Braking, ACDelco, Brembo, Akebono, and Mando are among the prominent participants in the automotive brake calipers market. Other noticeable players include Brakes International, Robert Bosch, Budweg, and WABCO
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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