Press release
What's Driving the Automotive Brake Caliper Market Share? Key Players ACDelco, Apec Braking, APG, ATL Industries, Continental, Haldex Brakes, TAROX, TRW Automotive
Automotive Brake Caliper Market
The automotive sector is also rife with a plethora of highly unique innovations that have undeniably had an impact on this business sphere. Indeed, given the pivotal significance of braking systems, technological advancements form the crux of automotive brake caliper industry. Recently for example, Brembo unveiled an aesthetically revolutionary brake caliper at the 2018 NY Auto Show. Apparently, this product helped achieve substantial weight savings - around 400 g per wheel. Brembo's product launch is indicative of the fact that automotive brake caliper market will continue to be characterized by highly innovative solutions that would optimize performance and improve aesthetics.
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An instance justifying the aforementioned statement is that of ACDelco recently unveiling a brand-new aftermarket brake caliper in aluminum and cast iron with no core charge. The latest caliper comes with high-quality bleeder screws and pistons and is pre-lubricated for seamless operation. The cast iron parts are said to be zinc-plated which assist in corrosion protection. Apparently, ACDelco's new offering demonstrates the persistent efforts of automotive brake caliper market participants to enhance and optimize the performance of modern age braking systems.
Meanwhile, it would be prudent to mention that highly-efficient and cutting-edge technologies have been making rapid inroads in the overall automotive brake caliper market of late. To cite an instance of the same, in January 2018, Bugatti had declared that it has created the world's first fully-functional 3D printed brake caliper. Incidentally, the latest brake caliper has been made out of a titanium alloy which delivers superior performance than aluminum, claims the France based automotive brake caliper market major.
It takes around 45 hours to print a single brake caliper with the finished product weighing around 6.4 pounds, lighter than the aluminum alloy which currently weighs approximately 10.8 pounds. Moreover, a total force of 275 pounds can be exerted on a square millimeter of the titanium component without rupturing the material. Thus, it goes without saying that the launch of such efficient and innovative calipers would substantially reduce the overall vehicle weight over the forthcoming years.
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Research & development programs are rampant across the automotive industry of late and are likely to majorly transform automotive brake caliper market trends. With the robust growth of automated technologies and the increasing requirement for better mobility, automakers are leaving no stone unturned to bring forth newer and enhanced brake systems. In consequence, this would have a commendable impact on automotive brake caliper market size, anticipated to cross $25 billion by 2024.
The Asia Pacific territory has been one of the most fruitful in terms of expanding the sphere of influence of this business space. The rise of the middle-class population with the increasing disposable incomes have made consumers more inclined toward leading a luxurious lifestyle. This has, in consequence, led to a spurt in the sales of automobiles across emerging economies such as India, China, Japan, and South Korea. Apparently, these developing nations are forecast to contribute majorly toward the Asia Pacific automotive brake caliper industry which is set to grow at a CAGR of 3% over 2017-2024.
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