Automotive Brake Caliper Market Analysis | 2023-2028

Market Insights

The automotive brake caliper market was estimated at USD 11.5 billion in 2022 and is likely to grow at a CAGR of 4.3% during 2023-2028 to reach USD 14.9 billion in 2028.

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Market Dynamics

Introduction

An automotive brake caliper is a crucial component of a disc brake system used in vehicles. It plays a key role in the process of slowing down or stopping the vehicle by applying friction to the brake rotors. Brake calipers are commonly found in modern passenger cars, trucks, and motorcycles.

Market Drivers

Rising Governmental Norms: Rising governmental standards for vehicle safety are pushing the use of disc brakes over drum brakes in automobiles and driving up worldwide vehicle production. During the estimated time, such factors are also expected to fuel market expansion.

Development of an Advanced Braking System: Automotive brake manufacturers are investing in the development and launch of novel automotive brake components and systems. for instance,

• Orbis Brakes is developing cutting-edge braking solutions in collaboration with NASA. The business also unveiled its ground-breaking design for rotor-less brakes in 2023 under the name FutureWave. This company's brakes are composed of sustainable materials and are 50% lighter than standard brakes.

Gradual Shift Towards Lightweight Vehicles: A gradual move toward composite and lightweight materials to manufacture lighter vehicles for electric and hybrid vehicles, with developed braking systems for forthcoming automobiles, is anticipated to contribute in market’s expansion.

Consumers Increasing Awareness: Consumers are gaining awareness about advanced safety features and technologies. The need for high-performance brake calipers that can deliver increased stopping power and enhanced handling is a basic requirement these days. This factors also contribute to the market’s expansion in the upcoming years.

Segment Analysis

By Vehicle Type

The market is segmented as passenger car, LCV, HCV, and two-wheelers. The passenger car vehicle segment held a significant share of the market in 2022, as calipers reduce the on-track operating temperature which improves the braking system performance. The segment is likely to maintain its lead during the forecast period as well.

By Product Type

The automotive brake caliper market is segmented as fixed and floating. The fixed brake caliper segment is likely to grow at a faster pace due to various advantages offered by it, such as residual torque and weight reduction to vehicles. Also, the increasing need for high-performance and low carbon emissions from vehicles to further propel the market.

By End-User Type

The automotive brake caliper market is segmented as OEM and aftermarket. OEM dominated the automotive brake caliper market, owing to the growing need for air disc brakes in vehicles. Increasing demand from zero-fuel emission vehicle manufacturers and the growing need for safe and high-performance vehicles to bolster the market further.

Regional Insights

Asia-Pacific is estimated to be the fastest-growing automotive brake caliper market during the forecast period, driven by the increasing disposable income of people contributing towards increasing vehicle sales and the growing adoption rate of electric vehicles in the region.

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Key Players

Some of the major manufacturers are:

• ACDelco
• AISIN Group
• Akebono Brake Industry Co., Ltd.
• Alcon Components Limited
• Apec Braking Ltd
• ATL Industries
• Automotive Brake Engineering Company
• Bendix
• Brembo S.p.A
• Chassis Brakes International.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive brake caliper market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our automotive brake caliper market report from the industry stakeholders, we have tried to further accentuate our research scope to the automotive brake caliper market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive brake caliper market is segmented into the following categories.

By Vehicle Type

• Passenger Car
• LCV
• HCV
• Two-Wheelers

By Product Type

• Fixed
• Floating

By End-User Type

• OEM
• Aftermarket

By Piston Material Type

• Aluminum
• Steel
• Titanium
• Phenolics

By Manufacturing Type

• High-Pressure Die Casting
• Gravity Die Casting

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].