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Automotive Brake Caliper Market 2020: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026

Author : Ronak Bora | Published Date : 2020-08-26 

The automotive brake caliper market is set to witness promising growth owing to the technological advancements and new inventions along with an increasing product adoption in bikes and motorcycles across the globe. Automotive brake calipers generally forms the core of a disc brake system. It is part of the vehicle which pushes the brake pads onto the rotor when the person driving applies the brakes. A brake caliper is a hydraulic actuator, meaning it utilizes fluid pressure so as to cause movement.

Automotive brake caliper market is bifurcated in terms of vehicle, product, distribution channel, piston material, manufacturing process, and regional landscape.

Based on vehicle, the automotive brake caliper market is categorized into two-wheelers, PCV, HCV, and LCV. The HCV segment will report substantial growth over forecast time period owing to the growing need for the safety in vehicles. Rising trend of drum brake replacement with disc brake will drive product sales in this segment.

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With respect to product, the automotive brake caliper market is divided into floating/sliding, and fixed. Floating calipers are likely to gain considerable attention over coming years owing to its key feature of lightweight and availability at lower cost than fixed brake calipers. They also tend to take up less space in comparison to fixed calipers being the preferred choice among manufacturers.

Based on distribution channel, the automotive brake caliper market is classified into aftermarket and OEM. Aftermarket will account for lower share of the global automotive brake calipers market owing to high replacement cycle and repair cycle of brake calipers.

In terms of piston material, the overall automotive brake caliper market is segmented into phenolics, titanium, steel, and aluminum. Among these, titanium materials will exhibit lower growth over projected timeframe. This can be attributed to their prohibitive cost than other piston materials.

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With respect to manufacturing process, the automotive brake caliper market is classified into high pressure die casting and gravity die casting. Among these, the gravity die casting is likely to grow at a considerable rate owing to rising usage of aluminum calipers in the sector. It is a lasting mould casting process. The process of gravity die casting is likely to witness growth owing to the advantages like the likelihood of low gas porosity as well as attaining fine grain sizes.

From a regional frame of reference, Latin America automotive brake caliper market will be exhibiting lower growth rate over projected timeframe. This can be attributed to the presence of a limited number of automobile manufacturing facilities across the region. However, growing regional automotive demand and increasing production of vehicles in Mexico will provide opportunities to the key players in coming years.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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