Automotive Brake Caliper Market is expected to grow at a CAGR of 3.5% during the forecast period. The Automotive Brake Caliper Market is expected to reach US$ 10.18 Bn. in 2027 from US$ 8.28 Bn. in 2021.
Brake calipers are an important part of a vehicle's braking system. Its function is to slow the wheels of the car by causing friction with the braking rotors. When you apply the brakes, the brake caliper fits like a clamp on the rotor of the wheel, preventing it from turning. They squeeze the brake pads against the surface of the brake rotor to slow or stop the vehicle. They slow the vehicle's wheels down by causing friction with the braking rotors.
Automotive Brake Caliper Market Report Scope and Research Methodology
The Automotive Brake Caliper Market is divided into three service types: energy supply services, operational and maintenance services, and energy efficiency and optimization services. With a 39.6% market share in 2020, the Energy Supply Services segment has dominated the market.
The Automotive Brake Caliper Market is divided into commercial and industrial end-users. With a 64.2% market share in 2020, the Commercial segment has dominated the market. The commercial section includes data centers, recreation centers, healthcare, educational institutions, airports, warehouses, hotels, and other commercial establishments.
Automotive Brake Caliper Market Overview
Stellar Market Research's report on the Automotive Brake Caliper market is based on extensive primary and secondary research. The Automotive Brake Caliper market report offers a thorough examination of ever-changing trends, the industry environment, and all the market's key components. To analyse the data and provide accurate and error-free results, various methodologies are used.
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Automotive Brake Caliper Market Key Players
Akebono Brake Industry Co (Japan)
LTD (Japan)
Aisin Seiki Co. (Japan)
Continental AG (Germany)
WABCO (US)
ZF Friedrichshafen AG (Germany)
Brembo S p.a. (Italy)
Mando Corporation (Korea)
ACDelco (US)
Chassis Brakes International (India)
Apec Braking (UK)
Remy Automotive (Belgium)
Robert Bosch (Germany)
ATL Industries (Canada)
AbeBrakes (UK)
Centric parts (US)
Automotive Brake Caliper Market Dynamics:
The Automotive Brake Caliper Market is primarily driven by increased concerns about vehicle safety, rising acceptance of disc brakes in automobiles over drum brakes, government vehicle safety standards, and increased global vehicle production. These factors are also expected to boost market growth throughout the forecast period.
Automotive Brake Caliper Market Regional Analysis:
The report has been divided into many key countries, with information such as market size, CAGR, import and export of Automotive Brake Caliper market in the various countries mentioned in the report. The regions and countries under consideration are as follows:
North America- U.S., Canada, Mexico,
Europe- UK, Germany, France, Spain, Rest of Europe,
Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC,
South America- Brazil
Middle East and Africa.
Automotive Brake Caliper Market Segmentation:
Depending on the product, The automotive brake caliper market is divided into two categories: fixed and floating. Fixed calipers have pistons on both sides of the rotor and are non-moving. These calipers are more expensive than floating calipers but provide better performance. High-performance fixed calipers typically have two or more sets of pistons (or pots) on each face of the rotor; others can have up to six sets in total.
The Automotive Brake Caliper market is classified into Steel, Aluminum, Titanium, and Phenolics based on Piston Material. The piston material made of steel segment generated approximately USD 4.5 billion in revenue in 2021. The supremacy is due primarily to its low cost in comparison to other materials, as well as its ease of availability.
The automotive brake caliper market is divided into two segments based on end-user: OEM and aftermarket. The OEM user segment controlled the automotive brake caliper market in 2021 due to increased demand for air disc brakes in vehicles. Rising demand from zero-emission vehicle manufacturers, as well as a growing demand for safe and high-performance automobiles, may propel the Automotive Brake Caliper market even further.
Key Questions answered in the Automotive Brake Caliper Market Report are:
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Automotive Brake Caliper Market , North America Big Data Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
Automotive Brake Caliper Market , Automotive Brake Caliper Market Size , Automotive Brake Caliper Market Share , Automotive Brake Caliper Market Growth , Automotive Brake Caliper Market Trends
Mar 09, 2023
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