Automotive Brake Caliper Market to Value USD 13 Bn by 2027; Global Market Insights Inc.

The automotive brake caliper market revenue is anticipated to record a valuation of USD 13 billion by 2027, according to the most recent study by Global Market Insights Inc. Government emphasis on automakers for manufacturing more fuel-efficient vehicles is fueling the growth of the brake caliper market during the forecast period.
Many brake calipers manufacturers are focusing to reduce the overall weight of the braking units to reduce automobile consumption and resultant carbon emissions and particulates through the development of solutions. These solutions may include the use of methodologies for reducing caliper mass without minimizing performance and caliper functionality improvement by defining new characteristics for the pairing of piston & seal and optimizing the new concept of pad sliding system. Innovations and research activities enable industry players to sustain in the intense competition, thereby escalating the automotive brake caliper market growth.
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The floating brake calipers segment will observe over 3.5% CAGR in the automotive brake caliper market. Floating brake calipers are less likely to be adopted by automobile manufacturers and their market share is expected to decline in the global automotive brake caliper industry over the forecast timespan. The floating brake caliper movement is in and out motion. This type consists of a maximum of only two pistons on the rotor’s inner side. Current developments in the floating disc brake seem to be concentrated resulting in a lesser growth rate as compared to the fixed type.
In 2020, North America held over 20% share in automotive brake caliper market revenue. This can be mainly attributed to high demand from the developed countries such as the U.S. The substantial demand is credited to the rising number of on-road vehicles and enhanced sales of LCVs. The growing penetration of disc brakes in passenger vehicles will further fuel revenue generation. A strong distribution channel, offering products via an online platform is another factor enhancing the product visibility over the forecast timeframe.
The key players in the automotive brake caliper market are focusing on collaborations or partnerships with vehicle manufacturers for product development and direct sales of the product.
Some major findings of the automotive brake caliper market report include:
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Partial chapters of report table of contents (TOC):
Chapter 3   Global Automotive Brake Caliper Industry Insights
3.1    Industry segmentation
3.2    COVID-19 impact on industry landscape
3.3    Industry ecosystem analysis
3.3.1    Component suppliers
3.3.2    Manufacturer
3.3.3    Profit margin analysis
3.3.4    End-user analysis    OEM    Aftermarket
3.3.5    End-users
3.3.6    COVID-19 based value chain disruptions analysis
3.3.7    Application
3.3.8    Vendor matrix
3.4    Pricing analysis (including COVID-19)
3.4.1    Regional price trends    North America    Europe    Asia Pacific    Latin America    MEA
3.4.2    Cost structure analysis    Manufacturing cost    Labor cost    Others
3.5    Technology landscape
3.5.1    Electric park brake
3.5.2    Low drag caliper
3.5.3    Rear caliper and integrated park brake
3.6    Regulatory landscape
3.6.1    North America
3.6.2    Europe
3.6.3    Asia Pacific
3.6.4    Latin America
3.6.5    MEA
3.7    Industry impact forces
3.7.1    Growth drivers    North America    Industry players inclination towards automotive e-commerce    Europe    Implementation of enhanced vehicle safety systems, owing to stringent safety    Asia Pacific    Growth in passenger vehicle sales    Rising production of zero emission vehicles    Latin America    Increasing automotive production & presence of auto players    MEA    Demand for safety feature in luxury vehicles
3.7.2    Industry pitfalls & challenges    Prohibitive cost    Re-manufacturing challenges and highly matured market
3.8    Innovation & sustainability
3.9    Growth potential analysis, 2020
3.10    Porter’s analysis
3.11    Competitive landscape, 2020
3.11.1    Top players analysis
3.11.2    Strategy dashboard
3.12    PESTLE analysis
3.13    Impact of COVID-19 on global automotive industry
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Source: Global Market Insights Inc.