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Automotive Brake Caliper Market Regional Demand, Latest Trends | Growth Dynamics 2019-2024

Author : Ronak Bora | Published Date : 2019-05-07 

North America automotive brake caliper market was valued at more than USD 4.5 billion in 2016 and will grow considerably till 2024. Improving sales of commercial vehicles and strengthening online distribution channel across the region will drive the industry growth. Rising implementation of disc brakes in passenger vehicles will further propel the regional growth.

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Automotive brake caliper market from Asia Pacific will grow substantially, at more than 3% CAGR from 2017 to 2024. Proliferating vehicle production coupled with enhanced manufacturing units across the region will essentially impact the industry penetration. Rising demand from the emerging economies including South Korea, China, and India will further support the regional dominance.

Industry Growth drivers:

  1. Industry players inclination towards automotive e-commerce
  2. Implementation of enhanced vehicle safety systems, owing to stringent safety regulations
  3. Growth in passenger vehicle sales
  4. Rising production of zero emission vehicles
  5. Increasing automotive production & presence of auto players
  6. Demand for safety feature in luxury vehicles

Automotive brake caliper market from steel is likely to account for highest share of more than 40% over the forecast timeframe owing to enhanced mechanical properties such as durability, stiffness, and high corrosion resistance. These properties have led to the shifting preference of manufacturers towards the material. Moreover, the material offers cost effectiveness when compared to the counterparts, further supporting the industry dominance. Phenolics will witness steady growth of over 3.5% from 2017 to 2024 owing to provision of the benefits such as light weight and high strength.

Automotive brake caliper market from aftermarket will witness more than 3% CAGR from 2017 to 2024. This can be credited to cost effectiveness offered by the channel. OEMs will acquire maximum revenue share owing to installation of brake calipers during the vehicle manufacturing. Increasing production of two-wheelers, passenger and commercial vehicles across the globe has led to an upsurge in FDIs in emerging economies, further contributing towards the revenue generation.

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High pressure die casting will dominate the automotive brake caliper market over the coming years owing to extensive usage of this process during the production of steel calipers. Provision of enhanced surface finish and readily available raw materials will further result in high preference towards the process, supporting the industry dominance. Gravity die casting will exhibit around 4% CAGR over the next eight years owing to rising deployment of the process to produce aluminum variants. Provision of high dimensional accuracy is another factor positively impacting the segment’s growth.

Automotive Brake Calipers Market by Vehicle

  • PCV
  • LCV
  • HCV
  • Two-wheelers

Automotive Brake Calipers Market by Product

  • Fixed
  • Floating

Automotive Brake Calipers Market by Distribution Channel

  • OEM
  • Aftermarket

Automotive Brake Calipers Market by Piston Material

  • Aluminum
  • Steel
  • Titanium
  • Phenolics

Automotive Brake Calipers Market by Manufacturing Process

  • High pressure die casting
  • Gravity die casting

Automotive brake caliper market from PCVs are expected to account for highest revenue share, crossing 60% by 2024. Their proliferating production along with mandatory installation of brake calipers will primarily contribute towards the industry expansion. Moreover, increasing consumer expenditure has resulted in improved PCV sales, further supporting the industry dominance. Two-wheelers are likely to grow rapidly over the forecast timeframe owing to their substantial production, particularly in emerging economies.

AlDelco, Continental, Akebono, Brembo, Mando Corporation, Apec Braking, and ZF Friedrichshafen are among the noticeable automotive brake caliper market players. Other prominent participants include Robert Bosch, Budweg, WABCO, and Brakes International. Industry players are focusing on expanding their business to enhance their visibility among the customers.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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