December 16, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Automotive Brake Caliper Market Size By Vehicle (PCV, LCV, HCV, Two-Wheelers), By Product (Fixed, Floating/Sliding), By Piston Material (Aluminum, Steel, Titanium, Phenolics), By Manufacturing Process (High Pressure Die Casting, Gravity Die Casting), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, global automotive brake caliper market is estimated to cross USD 27 billion by the year 2026.
Flourishing automobile industry is a major factor driving the growth of the automotive brake caliper market. Rising safety concerns among consumers in consort with strict government policies that encourage vehicle safety is also aiding the market expansion. Rising adoption rates of remanufacturing technologies and escalating investments in light-weight materials are augmenting the demand for advanced brake calipers across the globe.
In terms of type of vehicles, two wheelers segment is projected to grow substantially during the forecast period owing to rising market penetration of electric two wheelers, especially in developing nations. Increasing awareness of such products and surging brake caliper sales for two wheelers on account of their benefits such as spontaneous vehicle halt and minimum braking distance are also contributing towards segment growth.
As per piston material, the phenolics-based brake caliper segment will grow significantly owing to easy availability of various types of plastics. Such plastics improve the vehicles’ fuel efficiency, heat resistance properties, and also lend high strength owing to their low weight. Rising adoption rates of phenolics-based brake calipers owing to their high compression rate will also fuel the growth of the segment.
Speaking of product type, fixed calipers is expected to dominate the automotive brake caliper market during the estimated timeframe. However, fixed calipers are relatively expensive although they provide high performance.
Elaborating on manufacturing processes, the gravity die casting will hold a major share in the automotive brake caliper market. This type of manufacturing process requires minimum investment, especially for small and medium volume production, and produces high quality and dense castings, which will help propel the segment growth.
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Based on distribution channel, the OEM segment will dominate the automotive brake caliper market. Rising installation of calipers during vehicle assembly process in tandem with escalating investments in enhanced manufacturing processes and technologies is driving the growth of OEM segment.
Considering the geographical landscape, Middle East & Africa is likely to emerge as a lucrative region for automotive brake caliper market. The report cites that the MEA automotive brake caliper market will grow with a 3% CAGR during the forecast period.
The prominent companies operating in the automotive brake caliper industry are Robert Bosch, WABCO, AISIN Group, Brakes International and Continental.
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