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A recent Fact study foretells the automotive brake caliper market to record an expansion at 3.10% over the forecast period (2018 ??" 2027). Automotive brake caliper continues to witness increased demand from automotive industry. However promotional buyers demand has impressive growth in some of the regions.
The demand for automotive brake caliper for PCV vehicle type segment is estimated to grow at a significant rate and is projected to reach more than US$ 2.0 Bn by 2027 end. The Automotive brake caliper for HCV vehicle segment is growing at a relatively slower pace as compared to other automotive brake caliper vehicle segment. The slow growth in the HCV Automotive brake caliper in the market is due to the long product lifecycle and the availability in the market globally. Though the Automotive brake caliper for LCV vehicle segment has maximum work piece diameter, which is used in various light commercial vehicle. Therefore, it holds more than 30% share in terms of value in 2018.
Fixed automotive brake caliper holds more than 55% share in automotive brake caliper sales. Although the sliding automotive brake caliper are also growing at a significant rate owing to the increasing demand for efficient braking and lower setup time. The fixed automotive brake caliper is estimated to grow at a significant CAGR of more than 3.7% in terms of value, in the global automotive brake caliper market over the forecast period.
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The Automotive brake caliper market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). Among these, APEJ automotive brake caliper market is expected to hold favorable growth in terms of CAGR over the forecast period. In terms of value, the APEJ market is anticipated to hold a prominent share of the market by 2027. The market for automotive brake caliper is estimated to grow at a significant CAGR of more than 3.6% and will represent a total incremental opportunity of over thousand millions in terms of value during the forecast period.
The competitive landscape section of the automotive brake caliper market delivers the most insightful information regarding the key market players, their relative global position and business strategies. The market for the automotive brake caliper is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is estimated to grow in the next nine years. The manufacturers in automotive brake caliper market to expand with strategic developments such as product launches, product innovation, expansion, collaborations and acquisitions in the automotive brake caliper market.
Key players operating in the global market for automotive brake caliper, include TRW Automotive, Continental AG, WABCO, Aisin Seiki Co., Ltd, Akebono Brake Industry Co., Ltd, Brembo S.p.A, ZF Friedrichshafen, Apec Braking, Budweg, and Mando Corp.
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