Press release
Automotive Brake Calipers Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global automotive brake calipers market is anticipated to grow at a considerable CAGR of 3.6% during the forecast period (2022-2028). The government regulations regarding passenger safety concern are anticipated to drive the growth of the global automotive brake calipers market. For instance, in March 2019, the Ministry of Road Transport & Highways mandated the advanced braking systems, technologies, and performance requirements for improved road safety and reducing accidents. The provision is applied to all vehicles with 9 seats and above. Further, the new vehicles rolling out from April 2022 will have these fitted. This includes an anti-lock braking system, intelligent braking system, endurance braking requirement, and more.A full report of Automotive Brake Calipers Market is available at:https://orionmarketreports.com/automotive-brake-calipers-market/102829/
The rise in road traffics accidents has been mandating automobile manufacturers to fit effective brake calipers to ensure the safety of the passengers. According to the data published by HO in 2021, road traffic injuries are the leading cause of mortalities in children and young adults aged 5-29 years and about 73.0% of all road traffic injuries occur among young males under the age of 25 years. Approximately 1.3 million mortalities occur annually as a result of road traffic crashes. More than 90.0% of the world's fatalities on the roads occur in low - and middle-income countries. Moreover, an estimated 20 million - 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury. Thus, the installation of effective brake calipers is anticipated to reduce the prevalence of road traffic accidents, which in turn will drive the growth of the global automotive brake calipers market.
Looking toward the demand for automotive brake calipers, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2019, Motorcar Parts of America (MPA, Inc.), had announced the strategic expansion of its automotive aftermarket brake product offerings, with the introduction of brake calipers. The launch aimed at expanding the manufacturing footprint by approximately 370,000 square feet in Tijuana, Mexico. Thus, strategic decisions by market players are anticipated to drive the growth of the global automotive brake calipers market.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Caliper Type
By vehicle type
By Piston Material
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Continental AG, Brembo SpA, and Robert Bosch GmbH among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Brake Calipers Market Report by Segment
By Brake Type
Fixed and
Floating
By Vehicle Type
Passenger Cars
Commercial Vehicles
Two-Wheelers
By Piston Material
Aluminum
steel
Titanium
Phenolics
By End-User
OEM
Aftermarket
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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