Press release
Automotive Brake Caliper Market Segmentation With Growth By 2024| AlDelco, Continental, Akebono, Brembo, Mando Corporation, Apec Braking, ZF Friedrichshafen, Robert Bosch, Budweg, WABCO
The Automotive Brake Caliper market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report LLC.The automotive brake caliper market in the recent years has cropped up to be a highly progressive vertical of the global automotive braking system market that has been expanding at a rather unprecedented pace across the globe. The burgeoning automobile sector along with the increasing sales of automobiles across the globe is likely to expand the revenue periphery of the automotive brake caliper market over the years to come. The brake caliper is basically a gripping device that squashes the brake pads against the brake rotor to reduce speed or stop the vehicle.
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Innovations in braking technology have led to brake calipers being tagged as a rather pivotal feature for vehicles that run at insanely high speeds and demand powerful braking solutions to slow them down. Validating the prominence of this trend across the automotive industry, in a recent turn of events, Bugatti has put to trial the world's first 3D printed brake caliper that can seamlessly haul down cars from speeds exceeding 350 km per hour to a dead halt in just a few seconds.
Continuously rising automobile production across the globe has led to their mass production, contributing significantly towards the revenue generation. The vehicle manufacturers highly depend on the suppliers to provide cost-effective variants that assure total compliance with the stringent regulations. Moreover, intense competition in the automotive brake caliper market has impacted the product pricing trend. However, risk of manufacturing defects along with high manufacturing and research costs may hamper the industry growth over the next eight years.
Fixed calipers are anticipated to capture highest volume share of more than 85% till 2024 owing to their rising deployment in vehicles. Their high adoption is attributed to their advantages such as rigid mounting on the brakes along with instant vehicle stopping. Automotive brake caliper market from floating calipers is likely to grow rapidly owing to their rising usage due to benefits including easy & fast production and cost effectiveness.
Automotive brake caliper market from PCVs are expected to account for highest revenue share, crossing 60% by 2024. Their proliferating production along with mandatory installation of brake calipers will primarily contribute towards the industry expansion. Moreover, increasing consumer expenditure has resulted in improved PCV sales, further supporting the industry dominance. Two-wheelers are likely to grow rapidly over the forecast timeframe owing to their substantial production, particularly in emerging economies.
OEMs will acquire maximum revenue share owing to installation of brake calipers during the vehicle manufacturing. Increasing production of two-wheelers, passenger and commercial vehicles across the globe has led to an upsurge in FDIs in emerging economies, further contributing towards the revenue generation. Automotive brake caliper market from aftermarket will witness more than 3% CAGR from 2017 to 2024. This can be credited to cost effectiveness offered by the channel.
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Air disc brake demand for trailers and tractors continues to elevate across the globe, thereby promoting automotive brake caliper market growth. The massive demand can be attributed to the enhanced mileage, life expectancy, and augmented safety compliance of air-disc-braked trailers and tractors. In a recent turn of events, Bendix Spicer Foundation Brake LLC has reportedly introduced remanufactured calipers which provide price advantages along with offering performance enrichment, warranty, and post-sales support for commercial vehicle air disc brakes in the North America region. As key market players devise tactics to sustain and enhance their international footprint, changing industry dynamics will determine the future trends and developments in the global automotive brake caliper market.
Automotive brake caliper market from steel is likely to account for highest share of more than 40% over the forecast timeframe owing to enhanced mechanical properties such as durability, stiffness, and high corrosion resistance. These properties have led to the shifting preference of manufacturers towards the material. Moreover, the material offers cost effectiveness when compared to the counterparts, further supporting the industry dominance. Phenolics will witness steady growth of over 3.5% from 2017 to 2024 owing to provision of the benefits such as light weight and high strength.
Automotive brake caliper market from Asia Pacific will grow substantially, at more than 3% CAGR from 2017 to 2024. Proliferating vehicle production coupled with enhanced manufacturing units across the region will essentially impact the industry penetration. Rising demand from the emerging economies including South Korea, China, and India will further support the regional dominance. North America automotive brake caliper market was valued at more than USD 4.5 billion in 2016 and will grow considerably till 2024. Improving sales of commercial vehicles and strengthening online distribution channel across the region will drive the industry growth. Rising implementation of disc brakes in passenger vehicles will further propel the regional growth.
AlDelco, Continental, Akebono, Brembo, Mando Corporation, Apec Braking, and ZF Friedrichshafen are among the noticeable automotive brake caliper market players. Other prominent participants include Robert Bosch, Budweg, WABCO, and Brakes International. Industry players are focusing on expanding their business to enhance their visibility among the customers. For instance, in August 2017, Akebono Brake Industries planned to expand its production capacity for manufacturing of brake calipers, strengthening its position, particularly in Asia Pacific.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Definitions, assumptions & forecast parameters
1.1.4.1 Definitions
1.1.4.2 Assumptions & forecast parameters
1.2 Data sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Automotive brake caliper industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Product trends
2.1.4 Distribution channel trends
2.1.5 Piston material trends
2.1.6 Manufacturing process trends
2.1.7 Regional trends
Chapter 3 Automotive Brake Caliper Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.4.1 OEM
3.3.4.2 Aftermarket
3.3.4.3 E-commerce
3.3.5 Application
3.3.6 Vendor matrix
3.4 Pricing analysis
3.4.1 Regional Pricing
3.4.1.1 North America
3.4.1.2 EU
3.4.1.3 APAC
3.4.1.4 LATAM
3.4.1.5 MEA
3.4.2 Cost structure analysis
3.4.2.1 Manufacturing cost
3.4.2.2 Labor cost
3.4.2.3 Others
3.5 Brake calipers production capacity per region, 2013-2016
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 MEA
3.6 Technology landscape
3.6.1 Electric park brake
3.6.2 Low drag caliper
3.6.3 Rear caliper and integrated park brake
3.7 Regulatory landscape
3.7.1 North America
3.7.1.1 15 CRR NY 79.21, Inspection of motor vehicles
3.7.1.2 Compliance, Safety, Accountability (CSA)
3.7.1.3 Federal Motor Vehicle Safety Standard (FMVSS) No. 121, Air Brake Systems
3.7.2 Europe
3.7.2.1 Regulation No 13 of the Economic Commission for Europe of the United Nations (UN/ECE)
3.7.3 Asia Pacific
3.7.3.1 China Emission Standards
3.7.3.2 Japan Emission Standards
3.7.4 LATAM
3.7.4.1 Brake Standards
3.7.4.2 Motor vehicle and engine emission standards
3.7.5 MEA
3.7.5.1 Requirements for upgrading brakes
3.8 Industry impact forces
3.8.1 Growth drivers by region
3.8.1.1 North America
3.8.1.1.1 Industry players inclination towards automotive e-commerce
3.8.1.2 EUROPE
3.8.1.2.1 Implementation of enhanced vehicle safety systems, owing to stringent safety regulations
3.8.1.3 Asia Pacific
3.8.1.3.1 Growth in passenger vehicle sales
3.8.1.3.2 Rising production of zero emission vehicles
3.8.1.4 LATAM
3.8.1.4.1 Increasing automotive production & presence of auto players
3.8.1.5 Middle East & Africa
3.8.1.5.1 Demand for safety feature in luxury vehicles
3.8.2 Industry pitfalls & challenges
3.8.2.1 Prohibitive cost
3.8.2.2 Re-manufacturing challenges and highly matured market
3.9 Innovation & sustainability
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 Competitive landscape, 2016
3.12.1 Top company overview
3.12.2 Market share analysis
3.12.3 Strategy dashboard
3.13 PESTLE analysis
Chapter 4 Automotive Brake Caliper Market, By Vehicle
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Related Report:
Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Automotive Brake Caliper Market 2018, Forecast to 2023
Automotive Brake Caliper is a clamping device with functions of slowing down, stopping or maintaining the stop state of the moving wheel.
Scope of the Report:
This report focuses on the Automotive Brake Caliper in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-north-america-europe-asia-pacific-south-america-middle-east-and-africa-automotive-brake-caliper-market-2018-forecast-to-2023?utm_source=RR-SP
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