Press release
Brake Caliper Market Trends, Top Companies, Share, Growth And Forecast 2032
Brake Caliper Market
The Business Research Company's Brake Caliper Global Market Report 2023 identifies growth in passenger vehicle sales as the major driver for the brake caliper market's growth in the forecast period. Passenger vehicles refer to self-propelled vehicles with a capacity of no more than ten people, not including the driver. The crucial brake caliperr, which applies pressure to the brake pads to slow or stop the vehicle, is an essential part of the car's braking system. A brake caliperr is used to provide these vehicles with dependable braking systems.
The global brake caliperr market is expected to grow from $10.22 billion in 2022 to $11.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The brake caliperr market is expected to reach $13.46 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the brake caliper market are Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Aisin Seiki Co. Ltd, TRW Automotive Holdings Corp.,Knorr-Bremse AG, HL Mando Corporation, Brembo SpA, Bendix Commercial Vehicle Systems LLC, Cardone Industries Inc., Akebono Brake Industry Co Ltd.
A key trend in the brake caliper market includes product innovation. Major companies in the brake caliperr market are developing innovative products to sustain their position in the market. For instance, in November 2022, Continental, a Germany-based automotive parts manufacturing company, launched the Green Caliper, a newly developed brake caliperr for disc brakes specially designed for electric vehicles. They are uniquely designed to save up to two kilograms in weight per brake caliperr and up to three more kilograms per brake disc. This brake consists of a lower mass of brakes, which can be as low as five kilos per brake, and the reduced friction between the brake pad and the disc work together to extend an electric car's range. This significant advancement was made possible by targeting further research to address the need for a brake in an electric vehicle.
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The brake caliper market is segmented -
• By Type: Floating Brake Caliperr, Fixed Brake Caliperr
• By Vehicle: Passenger Car, Light Commercial Vehicles (LCV), Two-Wheeler, High Commercial Vehicle (HCV)
• By Piston Material: Aluminum, Steel, Titanium, Phenolics
• By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the brake caliper market.
The Business Research Company's "Global Brake Caliper Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Brake Caliper Market Include:
1. Executive Summary
2. Brake Caliperr Market Characteristics
3. Brake Caliperr Market Trends And Strategies
4. Brake Caliperr Market - Macro Economic Scenario
5. Global Brake Caliperr Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Brake Caliperr Market Competitive Benchmarking
33. Global Brake Caliperr Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Brake Caliperr Market
35. Brake Caliperr Market Future Outlook and Potential Analysis
36. Appendix
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