The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global brake caliper market is on the move, shifting gears and accelerating towards significant growth. With projections indicating a climb from $10.22 billion in 2022 to $11.39 billion in 2023 at a commendable compound annual growth rate (CAGR) of 5.2%, the brake caliper market is geared up for an exciting journey. Moreover, the market is poised to hit $13.46 billion by 2027, maintaining a steady CAGR of 4.3%. In this blog, we’ll explore the key drivers fueling the brake caliper market, delve into the major industry players shaping its course, and discuss the trending phenomenon of product innovation.

Driving Forward: Passenger Vehicle Sales
One of the primary engines propelling the brake caliper market’s growth is the increase in passenger vehicle sales. Passenger vehicles, including cars designed to transport no more than ten people, rely on the essential brake caliper as a fundamental component of their braking systems. This crucial part applies pressure to the brake pads, ensuring efficient braking and enhancing vehicle safety. Notably, in March 2023, according to data from the European Automobile Manufacturers Association, passenger car registrations in the European Union (EU) surged by 11.5%, rising from 719,783 units in 2022 to 802,763 units in 2023. This remarkable growth underscores the importance of reliable brake calipers in facilitating a seamless driving experience, making passenger vehicle sales a key driver of the brake caliper market’s expansion.

Key Market Players: Steering the Market

In the dynamic landscape of the brake caliper market, major industry players play a pivotal role in shaping its direction. Some of the prominent market players in this sector include:

• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Continental AG
• Aisin Seiki Co. Ltd
• TRW Automotive Holdings Corp.
• Knorr-Bremse AG
• HL Mando Corporation
• Brembo SpA
• Bendix Commercial Vehicle Systems LLC
• Cardone Industries Inc.
• Akebono Brake Industry Co Ltd.
• Japan Brake Industrial Co Ltd.
• Nissin Brake Performance
• Remsa S.A.
• Nakamoto Industrial Co. Ltd.

These influential players leave their mark on the industry through innovation, technological advancement, and commitment to providing high-quality brake calipers.

The Trend of Product Innovation: Paving the Way

A significant trend that has gained traction in the brake caliper market is the pursuit of product innovation. Major companies within this industry are committed to pushing the boundaries of what is possible, continuously introducing innovative products to maintain their competitive edge and cater to the ever-evolving consumer needs. For example, Continental, a prominent Germany-based automotive parts manufacturing company, introduced the “Green Caliper” in November 2022. This brake caliper, designed exclusively for disc brakes in electric vehicles, is a marvel of innovation. The Green Caliper is uniquely engineered to reduce the weight of each brake caliper by up to two kilograms and brake discs by up to three kilograms. This innovation results in brakes with a lower mass, sometimes as light as five kilograms per brake, which, when combined with reduced friction between the brake pad and disc, enhances an electric vehicle’s range. This breakthrough was a result of dedicated research efforts to address the specific needs of brake systems in electric vehicles.

Market Segmentation: A Diverse Landscape

The global brake caliper market is comprised of various segments, each catering to specific requirements and consumer preferences. These segments include:

1. By Type:
   • Floating Brake Caliper
   • Fixed Brake Caliper
2. By Vehicle:
   • Passenger Car
   • Light Commercial Vehicles (LCV)
   • Two-Wheeler
   • High Commercial Vehicle (HCV)
3. By Piston Material:
   • Aluminum
   • Steel
   • Titanium
   • Phenolics
4. By Distribution Channel:
   • Original Equipment Manufacturer (OEM)
   • Aftermarket

Global and Regional Dynamics: The Driving Force

In 2022, Asia-Pacific emerged as the dominant region in the brake caliper market, cementing its position as a significant contributor to the industry’s growth. Furthermore, Asia-Pacific is poised to be the fastest-growing region in the forecast period, highlighting the region’s pivotal role in the global brake caliper market.

View More On The Brake Caliper Market Report 2023 – https://www.thebusinessresearchcompany.com/report/brake-caliper-global-market-report

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The Brake Caliper Global Market Report 2023  provides comprehensive insights on the brake caliper market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the brake caliper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Brake System Global Market Report 2023
Automotive Brake Pads Global Market Report 2023
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