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Automotive Brake Caliper Market to 2027 - Latest Trends & Development Outlook

Automotive Brake Caliper Market to 2027 - Latest Trends & Development Outlook

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Automotive Brake Caliper Market to 2027 - Latest Trends & Development Outlook

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  1. Automotive Brake Caliper Market 2021 - Latest Trends, Development Outlook and Demand Analysis to 2027 • Global automotive brake caliper market is predicted to witness remarkable expansion in the forthcoming years owing to increasing government initiatives to encourage automakers to introduce fuel-efficient systems. This is due to escalating environmental concerns associated with emissions from conventional engines. According to the latest report by Global Market Insights, Inc., global automotive brake caliper market size is projected to exceed USD 13 billion by 2027. • Several brake caliper manufacturers are focusing on producing lightweight units in order to aid in reducing the overall automotive weight. The reduction in automotive weight results in higher fuel efficiency and leaser carbon emission. Industry players are employing certain methodologies, such as paring pistons & seals, and incorporating pad sliding systems to reduce caliper mass without compromising its performance and functionalities. Growing R&D activities to introduce efficient braking systems would positively influence business expansion in the coming years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Floating calipers are witnessing high adoption in passenger car disc brakes owing to their ability to dissipate heat and enhanced durability. The sliding nature of floating calipers allows them to withstand high temperatures on friction which reduces the chances of brake fade. The low cost of manufacturing automotive floating brake calipers due to their simple and lightweight buildup is further likely to boost its adoption in passenger cars. Driven by this, the market share of floating brake calipers is expected to grow at a CAGR of 3.5% through 2027. • A significant rise in disposable income has led to the tremendous demand for cars globally, further boosting the demand for brake calipers in the passenger vehicles segment. According to the International Organization of Motor Vehicle manufacturers, approximately 55.83 million passenger cars globally were produced in 2020. • Growing penetration of two-wheelers especially in densely populated countries like India, China, and Brazil, is predicted to bolster brake caliper demand to a large extent. In addition, the rising production of electric bikes and scooters is expected to provide enormous growth opportunities for various advanced braking systems. For instance, Ola Electric has recently launched its new ‘Electric S1 Scooters’ in India. The company is aiming to produce approximately 1 million units each year and expand its business globally. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2336 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • North America held around 20% of global automotive brake caliper industry share in 2020 and is poised to exhibit significant growth. This expansion is attributed to the growing demand for light commercial vehicles (LCVs) from expanding e-commerce and logistics industries in the region. As per the OICA, in 2020, around 6.89 million commercial vehicles were manufactured in the U.S. • Competitive Analysis • Some of the major manufacturers are ACDelco, AISIN Group, Akebono, Alcon, Apec Braking, APG, ATL Industries, Automotive Brake Engineering, Bendix, Brakes International, Brembo, Budweg, Continental, Remy Automotive, Robert Bosch, and ZF. • Impelled by such factors, prominent companies operating in global automotive brake caliper industry are emphasizing on leveraging advanced manufacturing technologies to reduce production costs. Along with this, brake caliper manufacturers are also eyeing on strategic partnerships and collaborations with automotive makers for the production and direct sales of customized calipers. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Automotive Brake Caliper Market @ https://www.gminsights.com/industry-analysis/automotive-brake-caliper-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2336 Request for customization: https://www.gminsights.com/roc/2336 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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