Press release
Brake Caliper Market Size Forecast: $14.44 Billion by 2029 | Global Outlook
Brake Caliper Market
What Is the Projected Market Size Valuation of the Brake Caliper Market by 2025?
The market size for brake calipers has been progressively expanding in the past few years. Predictions show an increase from $11.79 billion in 2024 to $12.11 billion in 2025, with a compound annual growth rate (CAGR) of 2.8%. This historical period's growth can be credited to factors such as automotive safety rules, advancements in car design, the increased demand for high-performance vehicles, enhanced production procedures, and improvements in automotive performance.
What Is the Estimated Market Growth Value for the Brake Caliper Industry in 2029?
Anticipated to expand steadily in the coming years, the brake caliper market is projected to reach a value of $14.44 billion in 2029, with a compound annual growth rate (CAGR) of 4.5%. This growth during the forecast period can be accredited to the surge in electric and hybrid vehicles, the demand for eco-friendly components, the incorporation of sensor technology, and advancements in brake-by-wire systems. Throughout the forecast period, the primary trends will feature design optimizations for efficiency in calipers, compact and space-conscious design solutions, customizable caliper designs, the consolidation of brake health monitoring, and improved heat management techniques.
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What Are the Growth Drivers and Opportunities in the Brake Caliper Market?
Boost in the sales of passenger vehicles is predicted to accelerate the expansion of the brake caliper market. Passenger vehicles encompass self-operating vehicles that can accommodate up to ten people, excluding the driver. The brake caliper, a critical component that exerts pressure on the brake pads to decelerate or halt the vehicle, is an integral part of a car's brake system. These vehicles utilize brake calipers to ensure a reliable braking system. For example, the European Automobile Manufacturers Association, a lobbying and standards group from Belgium for the car industry, reported that in March 2023, there was an 11.5% surge in the registration of passenger cars in the EU, from 719,783 units in 2022 to 802,763 units in 2023. As a result, the increasing demand for passenger vehicles is fuelling the expansion of the brake caliper market.
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What Are the Primary Segments Covered in the Global Brake Caliper Market Report?
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), After market
Subsegments:
1) By Floating Brake Caliper: Single-Piston Floating Calipers, Multi-Piston Floating Calipers
2) By Fixed Brake Caliper: Single-Piston Fixed Calipers, Multi-Piston Fixed Calipers, Radial Fixed Calipers, Axial Fixed Calipers
What Are the Top Growth Trends in the Brake Caliper Market?
Advances in product design are a leading trend gaining momentum in the brake caliper marketplace. Top-tier companies in this market focus on creating cutting-edge products to maintain their industry lead. To exemplify, in November 2022, Germany's automotive parts producer, Continental, introduced the Green Caliper. This new brake caliper for disc brakes is uniquely designed for electric vehicles, facilitating a weight reduction of up to two kilos per brake caliper and an additional three kilos per brake disc. The brake system has a reduced mass, sometimes as little as five kilos per brake, and decreased friction between the brake pad and disc, contributing to increasing an electric car's driving range. This substantial progression was achieved through focused research addressing the requirements of a brake system for electric vehicles.
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Which Companies Are Shaping the Future of the Brake Caliper Market?
Major companies operating in the brake caliper market include 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.
Which Region Holds the Largest Market Share in the Brake Caliper Industry?
Asia-Pacific was the largest region in the brake caliper market in 2024. The regions covered in the brake caliper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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