Automotive Brake Caliper Market Size by Vehicle Type, Caliper Type, Material Type, End-User, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2030
Overview
The Automotive Brake Caliper Market size was valued at USD 16.36 Billion in 2023 and the total Automotive Brake Caliper revenue is expected to grow at a CAGR of 4% from 2024 to 2030, reaching nearly USD 21.53 Billion.
Automotive Brake Caliper Market Introduction
The Automotive brake callipers are a type of braking mechanism used in automobiles to increase vehicle safety. They are high-pressure braking systems that are becoming increasingly used in disc brakes. Braking callipers are often composed of stainless steel, aluminum, or cast iron, which are all available on the market at reasonable costs, making them a cost-effective option for brake system makers. The main benefit of this device is that it may be designed to provide adequate fail-safe capacity to de-accelerate the car's wheels by producing friction with the rotors.
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Automotive Brake Caliper Market Dynamics
Growing concerns about vehicle safety increased adoption of disc brakes in vehicles over drum brakes, and government vehicle safety norms, all of which are expected to aid the automotive brake calliper market's growth over the forecasted period, are expected to aid the market's growth. The market is expected to increase as a result of the shifting trend toward lightweight and composite materials for the creation of lighter cars for electric and hybrid cars, as well as the advancement of improved braking systems for forthcoming automobiles. In 2023, almost 92 million automobiles were produced across the world. In 2023, China, Japan, and Germany were the top producers of automobiles and commercial vehicles.
The market for two-wheel motorcycles is growing at a rapid pace. It made USD 133,390 million in sales in 2023, and because consumer preferences are turning toward disc brakes in two-wheelers, the market is expected to grow even more throughout the anticipated period. In 2023, global car sales declined by 4%, marking the second year in a row that demand has been dropping. Prior to the pandemic, it was estimated that global auto sales would reach 80 million in 2023; however, if the economy continues to deteriorate, demand for new automobiles is predicted to remain negative throughout 2023, although sales are predicted to rebound dramatically in the second half of the anticipated time.
According to the International Organization of Motor Vehicle Manufacturers (OICA), roughly 43.4 million passenger automobiles were manufactured in Asia-Pacific in 2023, up from 24.6 million in 2011. Similarly, according to the OICA, America manufactured over 11 million commercial vehicles in 2023 and is expected to grow to over 12 million in 2023. As a result, demand for automobile brake callipers is likely to increase, adding to global market development.
However, high costs and remanufacturing technical challenges are two of the key factors limiting the market growth.
Global Automotive Brake Caliper Market Segment Analysis
Fixed Brake Calipers are expected to be in high demand.
Fixed brake callipers account for more than 55% of all automotive brake calliper sales. In the global automotive brake calliper market, the fixed automotive brake calliper is expected to rise at a substantial CAGR of more than xx% in terms of value over the forecast period. The automotive brake calliper market is driven by research, development, and innovation as new methods for producing dependable braking parts and components that can be installed perfectly in a car are found. Honda, BMW, Toyota, Mercedes-Benz and Nissan are among the major companies aiming to provide the greatest braking systems to enable vehicles to stop in the shortest amount of time and with the least amount of jerks and shocks to the passengers within.
Manufacturers can now make sophisticated parts and components thanks to 3-D printing and additive manufacturing. The brake calliper market is expected to grow in tandem with the rise of adventure sports and racing. Fixed brake callipers are predicted to be in great demand since they provide cars with the benefits of residual torque and weight savings. Fixed brake callipers are expected to become more popular as the demand for high-performance, low-carbon-emitting automobiles grows. Because it is widely employed in the manufacturing of steel callipers, the high-pressure die casting technique is predicted to acquire substantial traction in the sector. Additionally, rising vehicle production around the globe is expected to increase the use of this process in the product.
Because of the increasing use of air disc brakes in automobiles, OEMs control the total market revenue share. Manufacturers of zero-emission automobiles are paying close attention to these items. The OEM industry is expected to grow as the need for safety and high performance in automobiles grows.
Automotive Brake Caliper Market Regional Insights
The market is expected to be dominated by Asia-Pacific.
By 2026, the APEJ market is expected to have a significant proportion of the industry in terms of value. During the forecast period, the market for automotive brake callipers is expected to grow at a substantial CAGR of more than 3.6 % representing a total additional potential of over a thousand millions in terms of value.
The Chinese economy is growing, and middle-class consumers' discretionary income is rising as well. This, in turn, has a favourable impact on the increasing demand for automobiles. Vehicle manufacturing has increased dramatically in the last five years as a result of the country's cheap production costs. Furthermore, in order to boost auto sales, the Chinese government has reduced auto taxes. China is also one of the world's leading exporters of autos and car parts. In this region, the trend of increasing car production is expected to boost market growth. In March 2021, China, the world's largest producer and consumer of aluminium, generated 2.97 million tonnes of metal. This market is expected to grow throughout the forecasted period, as output has increased by 2.3% year on year, owing to reduced labour costs and high-tech manufacturing.
Automotive Brake Caliper Market Report Scope: Inquire before buying
| Automotive Brake Caliper Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 16.36 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.0% | Market Size in 2030: | USD 21.53 Bn. |
| Segments Covered: | by Vehicle Type | Passenger Cars Commercial Vehicles Two-Wheelers |
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| by Caliper Type | Fixed Floating/Sliding |
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| by Material Type | Aluminum Steel Titanium Phenolics |
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| by End-User | OEM Aftermarket |
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Automotive Brake Caliper Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Brake Caliper Market, Key Players
1. Continental AG
2. Brembo S.p.A.
3. Automotive Brake Engineering (ABE)
4. Robert Bosch GmbH
5. ZF Friedrichshafen AG
6. TRW Automotive
7. WABCO
8. Aisin Seiki Co., Ltd
9. Akebono Brake Industry Co., Ltd
10.Brembo S.p.A
11.Apec Braking
12.Budweg
13.Mando Corp
14.ACDelco
15.APG
16.Brakes International
17.BWI
18.K Sport
Frequently Asked Questions:
1. Which region has the largest share in Global Automotive Brake Caliper Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What was the Global Automotive Brake Caliper Market size in 2023?
Ans: The Global Automotive Brake Caliper Market size was USD 16.36 Billion in 2023.
3. What is scope of the Global Automotive Brake Caliper market report?
Ans: Global Automotive Brake Caliper Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Automotive Brake Caliper market?
Ans: The important key players in the Global Automotive Brake Caliper Market are – Continental AG, Brembo S.p.A., Automotive Brake Engineering (ABE), Robert Bosch GmbH, ZF Friedrichshafen AG, TRW Automotive, WABCO, Aisin Seiki Co., Ltd, Akebono Brake Industry Co., and Ltd
5. What is the study period of this market?
Ans: The Global Automotive Brake Caliper Market is studied from 2023 to 2030.