Press release
Brake Caliper Market Research Report 2024-2033 | Size, Share Analysis And Strategies
Brake Caliper Market
The brake caliper market size is expected to see steady growth in the next few years. It will grow to $14.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rise in electric and hybrid vehicles, demand for sustainable components, integration of sensor technology, evolution in brake-by-wire systems. Major trends in the forecast period include efficiency-optimized caliper designs, compact and space-saving designs, customizable caliper designs, integration of brake health monitoring, enhanced heat management.
Market Overview -
A brake caliper refers to a vital part of an automobile's braking system that aids in reducing the rotor's rotation as the car is stopped. It generates friction with the brake rotors to slow the vehicle's wheels.
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Surge In Brake Caliper Market Fueled By Growing Passenger Vehicle Sales
Growth in passenger vehicle sales is expected to propel the growth of the brake caliper market going forward. Passenger vehicles refer to self-propelled vehicles with a capacity of no more than ten people, not including the driver. The crucial brake caliper, 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 caliper is used to provide these vehicles with dependable braking systems. For instance, in March 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, passenger car registrations in the EU increased by 11.5% from 719,783 units in 2022 to 802,763 units in 2023. Therefore, growth in passenger vehicles is driving the growth of the brake caliper market.
Competitive Landscape -
Major companies operating in the brake caliper market report 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., Haldex AB, FTE Automotive GmbH, MAT Foundry Group Ltd., Advics Co. Ltd., TMD Friction Holdings GmbH, Power Stop LLC, Centric Parts Inc., Wilwood Engineering Inc., Sumitomo Corporation, ACDelco Corp, Ap Racing Limited, Alcon Components Limited, Brake Engineering, Baer Inc., Tarox Srl, Japan Brake Industrial Co Ltd., Nissin Brake Performance, Remsa S.A., Nakamoto Industrial Co. Ltd.
Innovative Strides Brake Caliper Market Resonates With Product Advancements
Product innovation is a key trend gaining popularity in the brake caliper market. Major companies in the brake caliper 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 caliper for disc brakes specially designed for electric vehicles. They are uniquely designed to save up to two kilograms in weight per brake caliper 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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Key Segments -
The brake caliper market covered in this report is segmented -
1) By Type: Floating Brake Caliper, Fixed Brake Caliper
2) By Vehicle: Passenger Car, Light Commercial Vehicles (LCV), Two-Wheeler, High Commercial Vehicle (HCV)
3) By Piston Material: Aluminum, Steel, Titanium, Phenolics
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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