Sales Revenue of Brake Caliper to Surge During the Forecast Period Owing to Rapid Adoption Across Key Industries
Category: #business  By Rahul Varpe  Date: 2022-07-29
  • share
  • Twitter
  • Facebook
  • LinkedIn
Sales Revenue of Brake Caliper to Surge During the Forecast Period Owing to Rapid Adoption Across Key Industries

The automotive brake caliper market is set to register substantial growth by 2027 on account of rising automotive sales worldwide. In addition, growing implementation of government regulations to reduce carbon emissions, is likely to boost market adoption as well.

Get a free sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2336

Brake calipers are an essential part of a disc brake system, which facilitates the braking action, thereby enhancing the drivability and safety of the vehicle. Rising safety concerns have spurred leading enterprises to develop enhanced braking systems to ensure road safety, which has also consolidated market demand.

Several key industry players are employing lucrative strategies to strengthen their foothold in the rapidly emerging market, favorably altering the business landscape. For instance, in May 2020, Germany-based automotive company, ZF Friedrichshafen AG, announced the acquisition of WABCO, a leading supplier of commercial vehicle technology. The acquisition has enabled the both the enterprises to combine their expertise to develop innovative commercial vehicle control systems technology and expand their product offering.

The automotive brake caliper market is segmented based on sales channel, product, vehicle, piston material, manufacturing process, and region.

With respect to vehicle, the market has further been categorized into LCV, HCV, two-wheeler, and passenger cars. The heavy commercial vehicle (HCV) segment is expected to amass significant gains by 2027, progressing at a CAGR of around 4% over the assessment period, due to application of drum brakes for both front and rear wheels, in HCVs.

Moreover, the brake caliper market in the HCV segment is still in its nascent stage as automakers have only recently started incorporating brake calipers in HCVs. Hence, the automotive brake caliper market from the HCV segment is foreseen to witness robust growth during the study timeline.

Based on piston material, the market has been bifurcated into steel, aluminum, phenolics, and titanium. The aluminum sub segment is projected to expand at 5% CAGR in terms of revenue over the forecast period. Prevalent product demand, owing to the various advantages offered by aluminum-made pistons including modern product design and low cost, is likely to fuel segmental expansion, in the coming years.

In terms of sales channel, the market has been segregated into aftermarket, OEM. The OEM sub segment is anticipated to account for almost 70% share of the industry by 2027, owing to increasing R&D activities undertaken by manufacturers to reduce wear and tear as well as improve brake calipers, by incorporating high-quality raw materials.

Additionally, the vital role played by OEMs in collaboration with manufacturers to enhance product quality and achieve customer expectation, is estimated to drive segmental expansion.

From the regional perspective, the Middle East & Africa automotive brake caliper market is speculated to observe optimistic growth over the analysis period, as automobile component vendors are required to weigh the opportunities against the risks associated with prospective OEM dependence, legal conditions, and potential political instabilities.

Request for Customization@ https://www.gminsights.com/roc/2336

 

Report Content

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific (APAC)

1.2.4    Latin America (LATAM)

1.2.5    Middle East & Africa (MEA)

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Global automotive brake caliper industry 360° synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Vehicle trends

2.1.3    Product trends

2.1.4    Piston Material trends

2.1.5    Manufacturing Process trends

2.1.6    Distribution Channel trends

2.1.7    Regional trends

Chapter 3   Global Automotive Brake Caliper Industry Insights

3.1    Industry segmentation

3.2    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Manufacturer

3.3.3    Profit margin analysis

3.3.4    End-user analysis

3.3.4.1    OEM

3.3.4.2    Aftermarket

3.3.5    End-users

3.3.6    COVID-19 based value chain disruptions analysis

3.3.7    Application

3.3.8    Vendor matrix

3.4    Pricing analysis (including COVID-19)

3.4.1    Regional price trends

3.4.1.1    North America

3.4.1.2    Europe

3.4.1.3    Asia Pacific

3.4.1.4    Latin America

3.4.1.5    MEA

3.4.2    Cost structure analysis

3.4.2.1    Manufacturing cost

3.4.2.2    Labor cost

3.4.2.3    Others

3.5    Technology landscape

3.5.1    Electric park brake

3.5.2    Low drag caliper

3.5.3    Rear caliper and integrated park brake

3.6    Regulatory landscape

3.6.1    North America

3.6.2    Europe

3.6.3    Asia Pacific

3.6.4    Latin America

3.6.5    MEA

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    North America

3.7.1.1.1    Industry players inclination towards automotive e-commerce

3.7.1.2    Europe

3.7.1.2.1    Implementation of enhanced vehicle safety systems, owing to stringent safety

3.7.1.3    Asia Pacific

3.7.1.3.1    Growth in passenger vehicle sales

3.7.1.3.2    Rising production of zero emission vehicles

3.7.1.4    Latin America

3.7.1.4.1    Increasing automotive production & presence of auto players

3.7.1.5    MEA

3.7.1.5.1    Demand for safety feature in luxury vehicles

3.7.2    Industry pitfalls & challenges

3.7.2.1    Prohibitive cost

3.7.2.2    Re-manufacturing challenges and highly matured market

3.8    Innovation & sustainability

3.9    Growth potential analysis, 2020

3.10    Porter's analysis

3.11    Competitive landscape, 2020

3.11.1    Top players analysis

3.11.2    Strategy dashboard

3.12    PESTLE analysis

3.13    Impact of COVID-19 on global automotive industry

 

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-brake-caliper-market

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...