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Brake Caliper Global Market Report 2024 Market Size, Share, Trends, Growth 2024-2033
Brake Caliper Global Market
As per the report, the brake caliper market size has grown steadily in recent years. It will grow from $11.39 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Brake Caliper Market Report Structure
3. Brake Caliper Market Trends And Strategies
4. Brake Caliper Market - Macro Economic Scenario
5. Brake Caliper Market Size And Growth
…..
27. Brake Caliper Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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