Automotive Brake Caliper Market Size
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Asia-Pacific |
| CAGR: | > 3.5 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Brake Caliper Market Analysis
The automotive brake caliper market was valued at USD 8.28 billion in 2021 and is expected to reach USD 10.7 billion by 2027 growing at a CAGR of 3.5% during the forecast period (2022-2027).
The COVID-19 pandemic has affected almost every industry around the globe and the automotive industry is no exception. In 2020, demand for new motor vehicles was negative. Governments imposed several potential rules and regulatory frameworks that affected the manufacturing of automotive fleets. Production houses were shut down, and the workforce was restricted. Thus, the year showcased a steady decline in automotive sales. However, after Q2 FY21, automotive sales showcased a positive growth trend and registered demand for brake calipers worldwide.
Over the long term, the demand is mainly attributed to increasing concerns toward vehicle safety, growing adoption of disc brakes in vehicles over drum brakes, governments’ vehicle safety norms, and growth in global vehicle production. These factors are also anticipated to boost the market’s growth during the forecast period.
The gradual shift toward lightweight and composite materials to produce lighter vehicles for electric and hybrid vehicles and develop advanced braking systems for upcoming vehicles are expected to boost the market’s growth. Government regulations and standards have mainly contributed toward the adoption of brake calipers in vehicle safety modules. In the United States, Federal Motor Vehicle Safety Standards (FMVSS) 105, 126, and 135, issued by the National Highway Traffic and Safety Administration/Department of Transportation (NHTSA/DOT), apply to only new vehicles. They do not apply to aftermarket replacement brake linings.
The FMVSS standards are designed to assure that new vehicles can stop within a certain distance, which is deemed necessary for safe driving. Currently, FMVSS 135 and 126 standards are applied to new cars and most vehicles on the road. Compared to the earlier FMVSS 105 standard, FMVSS 135 requires ~25% reduction in pedal effort for the same stopping distance.
In 2020, almost 77.9 million motor vehicles were produced worldwide, reflecting a steady drop of 15.8% compared to FY19. China, Japan, and Germany were the largest producers of cars and commercial vehicles in 2020. As consumers are gaining awareness about the advanced safety features and technologies, they are showing interest in improving the safety systems of their vehicles. This factor may boost the market’s growth during the forecast period.
Automotive Brake Caliper Industry Segmentation
The scope of the automotive brake caliper market report contains the latest trends and technological developments, demand by caliper type, vehicle type, piston materials, end-user, geography, and share of major players in the market.
By caliper type, the market is segmented into fixed and floating/sliding. By vehicle type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers.
By piston materials, the market is segmented into aluminum, steel, titanium, and phenolics. By end user, the market is segmented into OEM and aftermarket.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles | |
| Two-wheelers |
| By Caliper Type | |
| Fixed | |
| Floating/Sliding |
| By Piston Material Type | |
| Aluminum | |
| Steel | |
| Titanium | |
| Phenolics |
| By End User | |
| OEM | |
| Aftermarket |
| By Geography | |||||||
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Automotive Brake Caliper Market Trends
This section covers the major market trends shaping the Automotive Brake Caliper Market according to our research experts:
Fixed Brake Calipers are Expected to be in High Demand
The automotive brake caliper market is driven by research, development, and innovation as new technologies are being discovered to manufacture reliable braking parts and components, which can be mounted with perfection in an automobile. Some key players such as Honda, BMW, Toyota, Mercedes-Benz, and Nissan aspire to offer the best braking systems to help vehicles stop at minimum distance and time without any jerks and shocks to the passenger inside. 3-D printing and additive manufacturing have allowed manufacturers to produce complex parts and components. Growth in adventure sports and racing is expected to fuel the growth of the brake caliper market.
Fixed brake calipers are expected to be in high demand as they offer the advantage of residual torque and weight reduction to the vehicles. The growing need for high-performance and low-carbon-emitting vehicles will fuel the need for fixed brake calipers. High pressure die casting process is likely to gain significant momentum in the industry as it is extensively used in making steel calipers.
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Asia-Pacific is Expected to Hold a Major Share in the Market
The Chinese economy is growing, along with the disposable income of middle-class consumers. This growth reflects positively on the growing demand for vehicles. Over the past five years, vehicle production has increased drastically due to low production costs in the country. Moreover, the Chinese government has cut down the taxes on cars to increase their sales. China is also one of the largest exporters of automobiles and automotive components. Increasing car production in the region is expected to boost the market’s growth. Chinese automotive exports are heavily influenced by the global economy and environmental regulations. Recent changes in the rules worldwide have had little impact on sales growth.
According to the China Association of Automobile Manufacturers, the largest car market in the world, i.e., China, grew by 3.8% Y-o-Y after a monthly sales of 2.7 million vehicles in December Q4 FY21 and brought total sales to 26.2 million.
In addition, Chinese car brands enjoy a notable advantage over imported cars from international automobile manufacturers. Thus, other developing countries and emerging markets were the main export destinations for Chinese vehicle exports. With rules and regulations changing worldwide, demand for lightweight metals is increasing.
China, the world's biggest producer and consumer of aluminum, produced 2.97 million ton of metal in March 2020 alone. The production increased by 2.3% Y-o-Y. This factor, along with low labor cost and high technology manufacturing, is expected to boost the market’s growth during the forecast period.
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Automotive Brake Caliper Industry Overview
The automotive brake caliper market is moderately consolidated. Key market players are Brembo SpA, Continental AG, Robert Bosch, and ZF Friedrichshafen. The market is highly competitive and has many large- and small-scale manufacturers. Strategic agreements, new product developments, and collaboration have been adapted as the main strategies for business development. Manufacturers have adopted constructive partnership and merger strategies to gain traction in their current market share. Further, companies are playersregions with high demand and supplying their products to cater to the demand. For instance,
- In 2022, Brembo supplied brake calipers to Alfa Romeo Tonale, Cadillac Escalade V, Faraday Future FF 91 EV, Chevrolet Cheyenne, etc.
- Akebono Brake Industry Co., Ltd. announced the adoption of its 4-pot disc brake calipers and copper-free brake disc pads for the front wheels of the Geely Auto Group's Lynk & Co brand SUV 05+. The disc brake calipers that will be supplied are opposed to piston-type brakes that have been developed using the company's unique technical capabilities to achieve superior braking performance while remaining light in weight and rigid. A US manufacturer also has placed an order for electric parking brake (EPB) callipers for high-performance electric vehicles with the company.
Automotive Brake Caliper Market Leaders
Continental AG
Automotive Brake Engineering (ABE)
Robert Bosch GmbH
ZF Friedrichshafen AG
Brembo SpA
*Disclaimer: Major Players sorted in no particular order
Automotive Brake Caliper Market News
- In April 2022, Brembo has been named the primary supplier of full brake calliper assemblies for Faraday Future Intelligent Electric Inc.'s ("FF") ultimate intelligent techluxury FF 91 EV. The FF 91 will receive a specialised calliper assembly from Brembo. Assembly, pistons, callipers, and pads, as well as the electronic parking brake, are all included.
- In May 2022, Cadillac has revealed the 2023 Escalade-V, the industry's most powerful full-size SUV. The Escalade V-Series features six-piston Brembo front brakes, Edge Red brake callipers, Magnetic Ride Control 4.0, and Air Ride Adaptive Suspension as standard.
- In October 2021, Brembo SpA introduced a new, sensitive, intelligent braking system that can offer a new way of looking into a car's braking safety and system. In addition, the feature shall create a new advanced braking platform that includes software, hardware, algorithms, and data management for handling the system digitally and controlling the braking system.
Automotive Brake Caliper Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.1.3 Two-wheelers
5.2 By Caliper Type
5.2.1 Fixed
5.2.2 Floating/Sliding
5.3 By Piston Material Type
5.3.1 Aluminum
5.3.2 Steel
5.3.3 Titanium
5.3.4 Phenolics
5.4 By End User
5.4.1 OEM
5.4.2 Aftermarket
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 India
5.5.3.2 China
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Rest of Asia-Pacific
5.5.4 Rest of the World
5.5.4.1 Brazil
5.5.4.2 United Arab Emirates
5.5.4.3 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 ZF Friedrichshafen AG
6.2.2 Automotive Brake Engineering (ABE)
6.2.3 Continental AG
6.2.4 Brakes International
6.2.5 Brembo SpA
6.2.6 Akebono Brake Corporation
6.2.7 Centric Parts
6.2.8 Wilwood Engineering Inc.
6.2.9 EBC Brakes
6.2.10 Apec Braking
6.2.11 ATL Industries
6.2.12 Robert Bosch GmbH
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Brake Caliper Market Research FAQs
What is the study period of this market?
The Automotive Brake Caliper Market is studied from 2018 - 2028.
What is the growth rate of Automotive Brake Caliper Market?
The Automotive Brake Caliper Market is growing at a CAGR of >3.5% over the next 5 years.
What is Automotive Brake Caliper Market size in 2018?
The Automotive Brake Caliper Market is valued at 8 Billion USD in 2018.
What is Automotive Brake Caliper Market size in 2028?
The Automotive Brake Caliper Market is valued at 11 Billion USD in 2028.
Which region has highest growth rate in Automotive Brake Caliper Market?
Asia-Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Automotive Brake Caliper Market?
Asia-Pacific holds highest share in 2021.
Who are the key players in Automotive Brake Caliper Market?
Continental AG, Automotive Brake Engineering (ABE), Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo SpA are the major companies operating in Automotive Brake Caliper Market.
Automotive Brake Caliper Industry Report
Statistics for the 2023 Automotive Brake Caliper market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Brake Caliper analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
