Global Automotive Brake Caliper Market Size, Share, Forecast Report, 2020-2027

Automotive brake calipers are a type of braking system that is employed in automobiles for enhancing vehicle safety. They are high-pressure braking systems, which are used in disc brakes. An automotive brake caliper is made up of various materials such as cast iron, stainless steel, and aluminum, which are available at reasonable prices in the market, making them economical to brake system manufacturers. The major advantage of this system is that it can be designed with enough fail-safe capacity to slow the car's wheels by creating friction with the rotors. This type of braking system is easy to install onto the brake pads as they are interconnected to the master cylinder through tubes, hoses, and valves that conduct brake fluid through the system. The increasing collaboration between automotive brake caliper industry and OEMs, for the development of aftermarket sector, drives the market growth.

The global automotive brake caliper market is estimated to witness a 3.8% CAGR during the forecast period. The major key driving factors for the growth of this market are the increasing use of automotive brake caliper in SUV’s, rising sale and production of commercial vehicles across the globe, rising demand for off-highway vehicles due to growing construction and mining activities, increasing long distance transportation, low maintenance cost of the system, and the growing concerns regarding the safety of passenger and commercial vehicles.

The growing stopping distances over hydraulic breaking and stringent regulations relating to the use of light-weight materials in the braking system are some of the factors that are hindering market growth. However, the growing per capita disposable income in countries such as China, India, and Germany, the advancement in automotive technology including regenerative braking system, rapid urbanization, growing automotive brake caliper industry, and the developing economies in emerging countries are expected to provide opportunities for the global market during the forecast period.

Competition amongst car brake caliper industry and the increasing use of environmentally-friendly materials in automotive braking systems have prompted manufacturers to design the system as per government regulations. This is one of the key factors responsible for the growth of this market.

Prominent Players

The Prominent Players operating in the global automotive brake caliper market are AKEBONO BRAKE INDUSTRY CO., LTD (Japan), AISIN SEIKI Co., Ltd (Japan), Continental AG (Germany), ZF Friedrichshafen (Germany), WABCO (US), Brembo S.p.A. (Italy), Mando Corporation (Korea), ACDelco (US), Apec Braking (UK), Robert Bosch (Germany), ATL Industries (Canada), AbeBrakes (UK), BWI Group (China), Budweg Caliper A/S (Denmark), and Japan Brake Industrial Co., Ltd (Japan).
The global automotive brake caliper market is segmented based on product type, material, vehicle type, sales channel, and region. On the basis of product type, the global market has been segmented into fixed and floating brake caliper. On the basis of material, the global market has been segmented into cast iron, stainless steel, and aluminum. On the basis of vehicle type, the global market has been divided into passenger car and commercial vehicle. On the basis of sales channel, the global market has been divided into OEM and aftermarket.

Geographically, the global automotive brake caliper market has been segmented into four major regions- North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the highest market share throughout the forecast period, owing to growing production and sales of automobiles from China, Japan and India. Furthermore, Asia-Pacific is also expected to witness the highest growth during the forecast period due to the growing disposable income from countries such as China and India, increasing automotive brake caliper industry, increasing population, rapid urbanization, and increasing focus on driver and vehicle safety.