Report Overview

Global Automotive Brake Caliper Market – Market Outlook & Trends

The Global Automotive Brake Caliper Market valued at USD 14 billion in 2019, is expected to reach USD 18.42 billion by 2026, at a CAGR of 4% during the projection period. The growing number of vehicles and engine-based aftermarket industries across the globe assures bright market prospects for Global Automotive Brake Caliper Market. Besides, the demand for excellent and reliable automotive brake calipers from customers drives the automotive industry towards more progressive independent braking solutions. The braking systems with quality materials & protective brake plates and high acceptance rate are further, expected to create profitable opportunities for the automotive brake caliper market. The growing acceptance of disc brake in vehicles over drum brake coupled with growth in vehicle production worldwide is likely to draw more demand.

The growing concerns for vehicle safety and reduction of carbon emissions as well as favorable government policies are anticipated to support the market growth further. Moreover, developing as well as technically progressive nations across the globe are in the process of building an ecosystem for electric vehicles, which will again promote the brake caliper sales during the projection timeframe.

Source: BlueWeave Consulting

Global Automotive Brake Caliper Market – Overview 

The brake caliper is an essential part of the disc brake and helps stop the movement of vehicles when the driver steps on the brake paddle. It is made of semi-metallic materials comprising metals such as brass, copper, and steel. The brake calipers are equestrian over the rotor in the disc brakes and are activated by the brake cylinder's piston. The range of the brake caliper varies as per the size of the disc mounting on the wheel. The disc brake's stopping distance is less in comparison to that of the drum brake, which is a critical factor in increasing the demand for disc brake. The development of new effective and cost-efficient brake-technology may obstruct the disc brake caliper market.

Growth Drivers 

Implementation of New Manufacturing Technologies

In recent years, the manufacturing process has moved to the next progressive stage of 3D printing or preservative manufacturing. The manufacturers use the technology extensively for prototyping and end-use parts. The latest enterprise joining 3D printing based production is Bugatti-the maker of Veyron and Chiron Supercars. Its new eight-piston monobloc brake caliper has substantial distinguished features and, it is the first 3D printed major titanium component and primary brake caliper in the engine-driven industry. The caliper was built with assistance by Laser Zentrum Nord, a part of the Fraunhofer Research Group and vehicle trials are under process for the same.

Adoption of lightweight automobiles

The fixed brake caliper segment is predicted to grow substantially until 2026 as it offers advantages of enduring torque and lightweight to the transports. These products can accommodate 2 to 8 pistons on both inboard and outboard halves of the caliper equally. Rising need for high performance and low carbon-emitting vehicles is likely to induce the demand for fixed brake calipers.

Impact of COVID-19 in industry

 COVID-19 prevalence has led to lockdowns in various nations across the world, affecting their economies adversely. The automotive industry and motor-based aftermarket services have also shrunk because of the decline in demand and production globally. Automotive Brake Caliper market in 2020 has also sustained the effects of lockdown and decline in economic activities. The pandemic has led to distressing production and demand, supply chain and market disruption, and adverse monetary impact on enterprises. However, as soon as the impact of coronavirus mitigates, the development of electric vehicles and other automobiles will again strengthen the brake calliper market.

Global Automotive Brake Caliper Market: Segmentation

The Global Automotive Brake Caliper Market is segmented based on Type of vehicles, Product, Piston Material, End-user and Manufacturing Process. The market is subdivided into Passenger Car, LCV, HCV, Two-Wheelers based on Vehicle-type. PCV vehicle type segment is expected to register substantial growth on account of high demand for the automotive brake caliper. In contrast, the HCV vehicle segment will grow at a slower rate due to the long product lifecycle and the availability in the market internationally. LCV Vehicles segment secured 30% market share in 2018 and is expected to register modest CAGR because of its maximum workpiece diameter used in numerous light commercial vehicles. 

Based on product, the market is again divided into Fixed, Floating/Sliding segments. Fixed automotive brake caliper retains more than 55% share in automotive brake caliper sales and is expected to grow at a higher rate during the projected period. However, the Descending or Floating automotive brake caliper segment is also anticipated to grow at a remarkable rate, given its growing request due to effective braking and lower setup time. 

Based on End-user, the brake caliper market for automotive can be segmented into two viz., OEM and Aftermarket and between the two, the original equipment manufacturer (OEM) segment is the leading one. The OEM segment directly sells to automakers and augments the income of the manufacturers without any intermediary commission. It is likely to maintain its dominance with a substantial growth rate during the forthcoming years.

Based on Region, Global Automotive Brake Caliper Market is segmented by key regions— North America, Europe, Asia Pacific, South America, and the Middle East & Africa. 

Global Automotive Brake Caliper Market: Regional Insights

Europe is the leading market for brake calipers followed by North America, due to the significant rate of adoption of disc brakes in vehicles in these regions.

Asia-Pacific is poised to witness the highest growth throughout the forecast period owing to the substantial development in automobile industry, increasing focus on safety, growing population, rapid urbanization and rising disposable income in emerging economies like China and India. 

Competitive Landscape

The leading companies in this market are ACDelco, AISIN Group, Akebono Brake Industry Co., Ltd., Alcon Components Limited, Apec Braking, APG, ATL Industries, Automotive Brake Engineering (ABE), Bendix, Brakes International, Brembo S.p.A, Budweg, BWI Group, Cardone, Centric Parts, Continental AG, EBC Brakes, Haldex Brakes, K-Sport, Knorr-Bremse, Wenzhou LiBang Enterprise Co., Ltd. and others.

Recent Development

Ø  Jul 2018: WABCO has signed a deal with Hyundai Motor Company to supply its single-piston air disc brake (ADB) for the manufacturing of Hyundai's new medium-duty trucks, scheduled to start from August 2019.

Ø  Jun 2018: International Trucks has announced that air disc brakes will be made standard for all of its International HV series and HX series.

Scope of the Report

By Vehicle

Ø  Passenger Car

Ø  LCV

Ø  HCV

Ø  Two-Wheelers 

By Product

Ø  Fixed

Ø  Floating/Sliding

By End-User

Ø  OEM

Ø  Aftermarket 

By Piston Material

Ø  Aluminum

Ø  Steel

Ø  Titanium

Ø  Phenolics

By Manufacturing Process

Ø  High-Pressure Die Casting

Ø  Gravity Die Casting 

By Region

Ø  North America

Ø  Europe 

Ø  Asia Pacific

Ø  South America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and estimate the Global Automotive Brake Caliper Market size, in terms of value.

Ø  To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Automotive Brake Caliper Market into five regions, namely, North America, Europe, Asia Pacific, Rest of the World and their leading countries.

Ø  To outline, categorize and project the Global Automotive Brake Caliper Market based on Vehicle, Product, End-User, Piston Material, Manufacturing Process and Region.

Ø  To examine competitive developments in product, vehicles, manufacturing process and material used for administration across different age-groups within the Global Automotive Brake Caliper Market.

Ø  To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.

Ø  To provide a detailed competitive landscape, including major players, their strategic profiles, and market shares.

Business Questions Answered by the Report:

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and which one will be the fastest-growing, and why?

Ø  Who are the key players in the market, and what is their share?

Ø  What is the strategy adopted by key players, and how does it affect the existing and new players?

Customization Scope for the Client:

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:

Ø  Additional Company Information

Ø  Detail Analysis of five additional companies

Ø  Additional country analysis

Ø  Detailed segment analysis

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