The automotive brake caliper market is poised to garner remarkable growth on account of rapid surge in automotive production and imposition of stringent vehicle safety norms. Automobile manufacturers are focusing on adopting new emergency braking systems such as ABS to improve the safety features of their newer vehicle variants. Automakers around the world are also concentrating on increasing their product sales by integrating light-weight suspension materials and implementing remanufacturing technologies.
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Increasing sales of two-wheelers is contributing significantly to automotive brake calipers business. Two wheelers are needed to be equipped with brake calipers to comply with minimum braking distance along with immediate vehicle stopping requirements, which otherwise subjects them at a greater risk of road accidents. Rising penetration of scooters and electric motorcycles in emerging economies will favor business outlook.
Automotive brake caliper industry is likely to gain from phenolic (plastic) pistons segment over the study period due to availability of wide range of phenolics (plastics). Phenolics render superior properties to the products made from them. Such properties include reduced weight, augmented heat resistance, high tensile strength, and increased fuel efficiency. Also, phenolic pistons can withstand high compression stresses, which in resulting in increased product adoption.
Meanwhile, manufacturers are focusing on introducing new aftermarket products that meet heavy demand for superior brake calipers. For example, Hope launched its RX4 disc brake calipers as an aftermarket upgrade to enhance the braking performance of gravel and all road bikes. These brakes are superior in quality in comparison with factory fitted hydraulic disc brakes manufactured by SRAM, Campagnolo and Shimano.
OEMs have managed to control a major share of overall automotive brake caliper market. Factors like increasing replacement of drum brake with disc brake system and high demand for commercial vehicles could significantly boost segment growth during the predicted timeframe. Estimates suggest that the demand for passenger vehicles may surge significantly over the years, accelerating brake calipers market size.
Prominent industry players are focusing on adopting favorable business strategies such as mergers, partnerships, and acquisitions as well as product innovation to enhance their market share and geographical presence. For instance, in 2018, TRW Aftermarket introduced a new range of brake calipers for electric vehicles dubbed, Electric Blue. As of May 2019, the company plans to expand its portfolio by introducing new products for hybrid vehicles that were previously in the testing process.
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Partial Chapter of the Table of Content
Chapter 4. Automotive Brake Caliper Market, By Vehicle
4.1. Global market vehicle insights
4.2. Passenger car
4.2.1. Global market estimates and forecasts, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 - 2026
4.3. LCV
4.3.1. Global automotive brake caliper market estimates and forecasts, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
4.4. HCV
4.4.1. Global market estimates and forecasts, 2016 - 2026
4.4.2. Market estimates and forecast, by region, 2016 – 2026
4.5. Two-wheelers
Chapter 5. Automotive Brake Caliper Market, By Product
5.1. Global market product insights
5.2. Fixed
5.2.1. Global market estimates and forecasts, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. Floating
Chapter 6. Automotive Brake Caliper Market, By End-user
6.1. Global market end-user insights
6.2. OEM
6.2.1. Global market estimates and forecasts, 2016 - 2026
6.2.2. Automotive brake caliper market estimates and forecast, by region, 2016 - 2026
6.3. Aftermarket
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