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Brake Caliper Market Size

Report ID: GMI2336
Published Date: Sep 2021
Report Format: PDF

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Brake Caliper Market Size

Brake Caliper Market size exceeded USD 10.5 billion in 2020 and is estimated to exhibit 4.6% CAGR from 2021 to 2027. Automotive brake caliper automatically adjusts itself, unlike conventional systems, offering instant stopping and efficient functionality. The non-braked position is mechanically regulated by a brake adjusting mechanism in the caliper. These features are increasing the focus of OEMs on installing disc brakes, positively impacting the market revenue.

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Automobile manufacturers, such as BMW, Audi, Range Rover, Porsche, Jaguar, Lexus, and Bentley, are aspiring to provide enhanced braking systems in their respective vehicles. New manufacturing technologies, such as additive manufacturing and 3D printing, have empowered OEMs to produce complex components. Technological innovations and research activities will induce immense potential in the industry expansion.

Brake Caliper Market Report Attributes
Report Attribute	Details
Base Year:	2020
Brake Caliper Market Size in 2020:	10,573.6 Million (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	4.6%
2027 Value Projection:	13,495.1 Million (USD)
Historical Data for:	2017 to 2020
No. of Pages:	250
Tables, Charts & Figures:	390
Segments covered:	Vehicle, Product, Piston Material, Manufacturing Process, Distribution Channel and Region
Growth Drivers:	Industry players inclination towards automotive e-commerce Implementation of enhanced vehicle safety systems, owing to stringent safety Growth in passenger vehicle sales Rising production of zero emission vehicles Increasing automotive production & presence of auto players Demand for safety feature in luxury vehicles
Pitfalls & Challenges:	Prohibitive cost Re-manufacturing challenges and highly matured market

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Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global industry size of automotive brake calipers was valued at over USD 10.5 billion in 2020 and will observe a 4.6% CAGR up to 2027 driven by the presence of major automobile producers and the influx of various manufacturing technologies.

The demand for LCV vehicles in the market will exceed USD 2.5 billion through 2027 due to the growing adoption of disc brakes in emerging countries.

The annual revenue of fixed automotive brake calipers could reach 180 million units in terms of volume by 2027 on account of the growing consumer focus on lesser emissions and low fuel consumption.

The overall market share from the piston material made of steel segment had crossed USD 4.5 billion in 2020 due to the growing need for easy availability and cost-effectiveness in comparison to other materials.

Asia Pacific will record more than 45% of the market share through 2027 owing to the growing market competition and higher production capacity in the region.