Brake Caliper Market Overview: Market Size, Major Drivers And Trends
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The brake caliper market has shown steady growth, increasing from $11.39 billion in 2023 to $11.96 billion in 2024, representing a CAGR of 5.0%. This growth is attributed to automotive safety regulations and the demand for performance vehicles. The market is expected to continue growing steadily, reaching $14.13 billion in 2028, with a CAGR of 4.3%, driven by the rise in electric and hybrid vehicles and the integration of sensor technology into brake systems.
The brake caliper market is experiencing growth fueled by the increase in passenger vehicle sales. Passenger vehicles, including cars and light trucks, rely on brake calipers for dependable braking systems. With passenger car registrations in the EU rising by 11.5% in 2023 compared to the previous year, as reported by the European Automobile Manufacturers Association, the demand for brake calipers is expected to surge, propelled by the growth in passenger vehicle sales.
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What Are The Key Trends That Influence Brake Caliper Market Share Analysis?
Product innovation is driving the brake caliper market. Major companies are developing innovative products to maintain their market positions. For instance, in November 2022, Continental launched the Green Caliper, a disc brake specially designed for electric vehicles, contributing to weight reduction and extended range.
Which Market Players Are Driving Growth In The Brake Caliper Market?
Major companies operating in the market are 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., Haldex AB, FTE Automotive GmbH, MAT Foundry Group Ltd., Advics Co. Ltd., TMD Friction Holdings GmbH, Power Stop LLC, Centric Parts Inc., Wilwood Engineering Inc., Sumitomo Corporation, ACDelco Corp, Ap Racing Limited, Alcon Components Limited, Brake Engineering, Baer Inc., Tarox Srl, Japan Brake Industrial Co Ltd., Nissin Brake Performance, Remsa S.A., Nakamoto Industrial Co. Ltd.
How Is The Global Brake Caliper Market Segmented?
The brake caliper market covered in this report is segmented –
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
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The Brake Caliper Global Market Report 2024 provides an overview of the brake calipermarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The brake caliper market forecast analyzes brake caliper market size, brake caliper market share, leading competitor and their market positions.
The Table Of Content For The Brake Caliper Market Include
1. Brake Caliper Market Executive Summary
2. Brake Caliper Market Segments
3. Brake Caliper Market Size And Template Market Growth Rate
4. Key Brake Caliper Market Trends
5. Major Brake Caliper Market Drivers
……
25. Key Mergers And Acquisitions In The Brake Caliper Market
26. Top Brake Caliper Companies
27. Brake Caliper Market Opportunities And Strategies
28. Brake Caliper Market, Conclusions And Recommendations
29. Appendix
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