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According to BlueWeave Consulting, the Global Automotive Brake Caliper Market size is expected to reach USD 18.42 billion by 2026 from USD 14 billion in 2019 and, at a CAGR of 4% during the forecast period.
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Automotive Brake Caliper Market Size, By Vehicle Scenario & Outlook, 2020-2026
Industry Trends & Forecast Report 2027 According to BlueWeave Consulting, the Global Automotive Brake Caliper Market size is expected to reach USD 18.42 billion by 2026 from USD 14 billion in 2019 and, at a CAGR of 4% during the forecast period. The brake caliper is an essential component in the braking system of a vehicle. On the backdrop of the growing number of the motor vehicles and universal motorized aftermarket industries, the market for brake calipers is expected to grow steadily. Request for brake caliper for automotive is expected to rise due to the increasing demand for disc brakes among vehicle owners, coupled with the growing production of the vehicles.
Growth drivers Implementation of New Manufacturing Technologies In recent years, the manufacturing process has moved to the next progressive stage of 3D printing or preservative manufacturing. The manufacturers use the technology extensively for prototyping and end-use parts. The latest enterprise joining 3D printing based production is Bugatti-the maker of Veyron and Chiron Supercars. Its new eight-piston monobloc brake caliper has substantial distinguished features and, it is the first 3D printed major titanium component and primary brake caliper in the engine-driven industry. The caliper was built with assistance by Laser Zentrum Nord, a part of the Fraunhofer Research Group and vehicle trials are under process for the same.
Impact of COVID-19 in industry COVID-19 prevalence has led to lockdowns in various nations across the world, affecting their economies adversely. The automotive industry and motor-based aftermarket services have also shrunk because of the decline in demand and production globally. Automotive Brake Caliper market in 2020 has also sustained the effects of lockdown and decline in economic activities. The pandemic has led to distressing production and demand, supply chain and market disruption, and adverse monetary impact on enterprises. However, as soon as the impact of coronavirus mitigates, the development of electric vehicles and other automobiles will again strengthen the brake calliper market.
Global Automotive Brake Caliper Market: Segmentation The Global Automotive Brake Caliper Market is segmented based on Type of vehicles, Product, Piston Material, End-user and Manufacturing Process. The market is subdivided into Passenger Car, LCV, HCV, Two-Wheelers based on Vehicle-type. PCV vehicle type segment is expected to register substantial growth on account of high demand for the automotive brake caliper. In contrast, the HCV vehicle segment will grow at a slower rate due to the long product lifecycle and the availability in the market internationally. LCV Vehicles segment secured 30% market share in 2018 and is expected to register modest CAGR because of its maximum workpiece diameter used in numerous light commercial vehicles.
Competitive Landscape The leading companies in this market are ACDelco, AISIN Group, Akebono Brake Industry Co., Ltd., Alcon Components Limited, Apec Braking, APG, ATL Industries, Automotive Brake Engineering (ABE), Bendix, Brakes International, BremboS.p.A, Budweg, BWI Group, Cardone, Centric Parts, Continental AG, EBC Brakes, Haldex Brakes, K-Sport, Knorr-Bremse, Wenzhou LiBang Enterprise Co., Ltd. and others.
Key Players ACDelco, AISIN Group, Akebono Brake Industry Co., Ltd., Alcon Components Limited, Apec Braking, APG, ATL Industries, Automotive Brake Engineering (ABE), Bendix, Brakes International, BremboS.p.A, Budweg, BWI Group, Cardone, Centric Parts, Continental AG, EBC Brakes, Haldex Brakes, K-Sport, Knorr-Bremse, Wenzhou LiBang Enterprise Co., Ltd. and others. Sample Copy :https://www.blueweaveconsulting.com/report/global-automotive-brake-caliper-market-bwc20131/report-sample
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