Automotive Brake Caliper Market Size, Share & Industry Analysis, By Type (Fixed Brake Caliper, Floating Brake Caliper), By Material Type (Steel, Aluminium, Titanium), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Automobile brakes are one of the vital components of the vehicles. Defects or malfunctions in the braking system may jeopardise the lives of the drivers, passengers and pedestrians as well as can cause huge economic loss to the vehicle. Thus regular checking and maintenance of vehicle brake system should be done to avoid fatalities and ensure vehicle and road safety. Automotive brake calipers are an integral part of the vehicle braking system which are responsible for the safely braking of the vehicle when the brake paddle is pushed to stop the vehicle. This component is a part of a disc brake system which is fixed on the rotor of the disc brake like a clamp and is triggered by the piston in the brake cylinder. Majority of the vehicles nowadays are equipped with disc brakes for effective braking. Disc brakes are installed at least for the front wheels, however several cars and trucks are now integrating disc brakes on all the four wheels. The increasing sales and production of automobiles owing to the rising adoption of vehicles among the people as well as the expansion of the automotive aftermarket industries globally are the main factors responsible for the high growth of the market. In addition, owing to the growing consumer demand for high-quality and reliable automotive brake calipers, the demand for advanced automatic braking solutions has increased rapidly amongst the automotive industry.

Key Market Driver -

Increasing demand for advanced braking systems is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High cost of replacement may hinder the growth of the market during the forecast period.

Market Segmentation:

Globally, the automotive brake caliper market is segmented by type, by material type, by vehicle type, and by geographic coverage. Based on type, the market is further segmented into fixed brake caliper and floating brake caliper. The floating brake caliper holds the major share in the global market. Low cost of associated with floating brake calipers is the primary reason for its wide usage in vehicles. The floating brake caliper consists of a firmly installed bracket, which is different from the brake caliper in a bracket that is not firmly installed. Therefore, it can slide right and left through the bushes and pins on the bracket. The piston on the internal side of the brake disc pushes the brake pads in, so as to move the brake disc, however because the brake disc cannot slide, this force pulls the brake caliper with another brake pad present on the other side of the brake disc. Majority of the vehicles on road are equipped with floating brake calipers. The fixed brake calipers are also gaining high traction in the global market as these calipers offer benefits of weight reduction and residual torque to the vehicles. These calipers have the ability to hold 2 to 8 pistons and contain the same number of pistons on the inner as well as outer halves of the caliper. The increasing demand for high-performance and low-carbon emission vehicles is likely to boost the demand for fixed brake calipers in the forecast period. The material type is further divided into aluminium, steel, and titanium. Steel material segment accounts for the major share in the global market. These materials are easily available at affordable prices and retain several advantageous characteristics such as greater resistance to corrosion, high strength, high durability, as well as better mechanical strength. Aluminium material also own a significant share in the global market owing to its availability in abundance, lightweight, anti-corrosive nature, and low cost. Furthermore, the vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the major share in the global market. The high demographic rate, growing urbanization, as well as rise in the purchasing power of the population are the primary factors propelling the growth of the passenger cars market across the globe. Moreover, the increasing popularity of high-performance calipers will stimulate the development of the brake caliper industry, because the calipers can greatly reduce the working temperature of the track, thereby improving the performance of the braking system.

Key Players:

Major players operating in the global automotive brake caliper market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen, TRW Automotive, Apec Braking, WABCO, Akebono Brake Industry Co., Ltd, Aisin Seiki Co., Brembo S.p.A, and Mando Corp. among others.

Key Insights

• New Advancements in automotive brake caliper


• Number of Products, Key Countries, 2019


• New Product Launches, Key Players

Regional Analysis:

Geographically, the automotive brake caliper market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific owns a significant revenue share in the global brake caliper market and is expected to further propel during the forecast period. Developing countries such as India, and China are the significant contributors for the high growth of the automotive brake calipers market as vehicles are the basic mode of transportation for these countries. The automotive manufacturers are also investing a high percentage on research to innovate and develop advanced braking systems for automobiles which may boost the demand for brake calipers in the coming years. Europe and North America also shows an exponential growth in the global market. The demand for high performance and luxury cars in these regions is increasing owing to the high standard of living and high disposable income of the population which has led to the rapid growth of the automotive brake calipers in the respective regions. Braking systems are the vital component of the vehicles and are thus expected to gain high opportunities owing to the rising sales of vehicles in these regions.

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Segmentation

Key Industry Developments:

• July 2018- WABCO Holdings Inc. a prominent technology supplier and service provider signed world’s largest contract with Hyundai Motor Company in Shanghai to supply highly advanced, and lightweight single piston air disc brake technology for light and medium duty trucks.