From GlobeNewswire: 2024-03-26 15:00:00

The global automotive brake caliper market is set to grow from USD 9.5 billion in 2023 to USD 13.6 billion by 2033, with a CAGR of 3.65%. Brake calipers are crucial components in the disc brake system of vehicles, responsible for slowing down the wheels by creating friction with the brake rotors. Factors such as rising car production, increased vehicle sales, and growing concerns about safety are expected to drive demand for automotive brake components.

The fixed brake caliper segment is expected to dominate the global automotive brake caliper market, offering enhanced performance and braking efficiency compared to floating calipers. The aluminum segment is projected to grow rapidly due to its lightweight properties, beneficial for creating lighter brake parts for smaller urban cars and electric vehicles. Passenger vehicles are predicted to drive growth in the market, fueled by rising demand in developing countries with expanding middle-class populations.

Asia Pacific is poised to hold the largest share of the global automotive brake caliper market, attributed to increasing acceptance of electric vehicles and rising disposable incomes in countries like China. North America is forecasted to grow rapidly, driven by high-performance braking systems, strict safety regulations, and a thriving aftermarket market. The market includes key players like AKEBONO BRAKE INDUSTRY CO., LTD, WABCO, ACDelco, and Continental AG, among others.

Recent developments, such as Neotech’s introduction of a six-piston brake caliper at SEMA 2023, indicate advancements in vehicle performance. The study forecasts revenue at global, regional, and country levels from 2020 to 2033, segmented by product type (fixed and floating brake caliper), material (cast iron, stainless steel, aluminum), vehicle type (passenger, commercial), and sales type. Other related reports cover topics like the global go-kart market, electric kick scooter market, automotive adhesive market, and truck axle market. Spherical Insights & Consulting offers actionable market research for decision-makers.



Read more at GlobeNewswire: Global Automotive Brake Caliper Market Size To Worth USD