Global Automotive Brake Calipers Market 2017-2021

Overview of the global automotive brake calipers market

According to Technavio’s market research analysis, the rising government mandates on the stopping distance for vehicles will be one of the major factors that will have a positive impact on the growth of the global automotive brake calipers market till 2021. The need for better safety measures for commercial vehicle drivers is inducing governments across the world to introduce stringent regulations on vehicle safety. This has compelled braking system manufacturers to introduce enhanced braking systems such as disc brake system. These systems would provide increased assistance in following the government mandates and increase the adoption of advanced braking in all vehicles. The US has already implemented stringent regulations on the minimum stopping distance in all commercial vehicles and passenger cars. The rise in such government mandates will drive the demand for automotive brake calipers, fueling market growth. Our market research analysts predict that in terms of units, this market will grow at a CAGR of more than 3% by 2021.

The rising demand for multi-piston brake calipers is one of the key trends that will gain traction in the automotive brake calipers market in the coming years. Caliper designers are increasingly using multiple pistons to reduce deflection and wasted force on the master cylinder. The use of multi-piston calipers, increases the amount of friction between the brake pad and rotor. Multi-piston calipers use up to six pistons and are used mostly in luxury vehicles. In the coming years, their adoption will increase in the other segments as well and this will in turn, lead to the growth of the automotive brake pads market.

Competitive landscape and key vendors  

The automotive industry is witnessing a major shift towards the adoption of enhanced safety systems to cater to the customers' expectations. The adoption of disc brakes will increase during the forecast period since it offers sharper braking compared to the conventional drum brakes. This will increase the adoption of disc brakes, which will inturn, offer significant opportunities for the growth of the players in the automotive brake calipers market.

The leading vendors in the market are –

• Continental
• ZF Friedrichshafen
• WABCO
• Brembo

The other prominent vendors in the market are Akebono, AISIN Group, Apec Braking, ATL Industries, Bendix, Brakes International, CARDONE, and Robert Bosch.

Segmentation by vehicle type and analysis of the automotive brake calipers market

• Passenger cars
• Commercial vehicles

During 2016, the passenger cars segment accounted for the major share of the automotive brake calipers market. The growth of this automotive brake pads market mainly attributed to the growing sales of passenger cars in the developing economies such as China, India, and Japan. Owing to the high disposable income of the middle-class buyers, passenger cars have become the most chosen option by consumers.

Geographical segmentation and analysis of the automotive brake calipers market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive brake calipers market throughout the forecast period. The presence of regulatory measures on safety systems for commercial vehicles and the rising sales of passenger car in the region, will lead to the demand for automotive brake calipers in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive brake calipers market?
• What are the key market trends impacting the growth of the global automotive brake calipers market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive brake calipers market?
• What are the market opportunities and threats faced by the vendors in the global automotive brake calipers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive brake calipers market?

Technavio also offers customization on reports based on specific client requirement.