Selbyville, DE -- (SBWire) -- 11/13/2018 --Automotive Brake Caliper Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024. Fixed calipers are anticipated to capture highest volume share of more than 85% till 2024 owing to their rising deployment in vehicles. Their high adoption is attributed to their advantages such as rigid mounting on the brakes along with instant vehicle stopping. Automotive brake caliper market from floating calipers is likely to grow rapidly owing to their rising usage due to benefits including easy & fast production and cost effectiveness.
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Compulsory installation across various vehicle segments such as passenger cars and commercial vehicles owing to the mandatory vehicle safety standards across the globe will primarily drive the industry growth. The product provides greater self-adjustment as compared to the traditional systems, that leads to instant stopping and efficiency in overall vehicle functionality. Regular advancements in vehicle safety features coupled with extensive quality checks during production process will further escalate the automotive brake caliper market share over the next eight years.
Continuously rising automobile production across the globe has led to their mass production, contributing significantly towards the revenue generation. The vehicle manufacturers highly depend on the suppliers to provide cost-effective variants that assure total compliance with the stringent regulations. Moreover, intense competition in the automotive brake caliper market has impacted the product pricing trend. However, risk of manufacturing defects along with high manufacturing and research costs may hamper the industry growth over the next eight years.
Automotive brake caliper market from PCVs are expected to account for highest revenue share, crossing 60% by 2024. Their proliferating production along with mandatory installation of brake calipers will primarily contribute towards the industry expansion. Moreover, increasing consumer expenditure has resulted in improved PCV sales, further supporting the industry dominance. Two-wheelers are likely to grow rapidly over the forecast timeframe owing to their substantial production, particularly in emerging economies.
OEMs will acquire maximum revenue share owing to installation of brake calipers during the vehicle manufacturing. Increasing production of two-wheelers, passenger and commercial vehicles across the globe has led to an upsurge in FDIs in emerging economies, further contributing towards the revenue generation. Automotive brake caliper market from aftermarket will witness more than 3% CAGR from 2017 to 2024. This can be credited to cost effectiveness offered by the channel.
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Automotive brake caliper market from steel is likely to account for highest share of more than 40% over the forecast timeframe owing to enhanced mechanical properties such as durability, stiffness, and high corrosion resistance. These properties have led to the shifting preference of manufacturers towards the material. Moreover, the material offers cost effectiveness when compared to the counterparts, further supporting the industry dominance. Phenolics will witness steady growth of over 3.5% from 2017 to 2024 owing to provision of the benefits such as light weight and high strength.
Automotive brake caliper market from Asia Pacific will grow substantially, at more than 3% CAGR from 2017 to 2024. Proliferating vehicle production coupled with enhanced manufacturing units across the region will essentially impact the industry penetration. Rising demand from the emerging economies including South Korea, China, and India will further support the regional dominance. North America automotive brake caliper market was valued at more than USD 4.5 billion in 2016 and will grow considerably till 2024. Improving sales of commercial vehicles and strengthening online distribution channel across the region will drive the industry growth. Rising implementation of disc brakes in passenger vehicles will further propel the regional growth.
AlDelco, Continental, Akebono, Brembo, Mando Corporation, Apec Braking, and ZF Friedrichshafen are among the noticeable automotive brake caliper market players. Other prominent participants include Robert Bosch, Budweg, WABCO, and Brakes International. Industry players are focusing on expanding their business to enhance their visibility among the customers. For instance, in August 2017, Akebono Brake Industries planned to expand its production capacity for manufacturing of brake calipers, strengthening its position, particularly in Asia Pacific.
Table of Content:
Chapter 1. Automotive Brake Caliper Market Methodology and Scope
Chapter 2. Automotive Brake Caliper Market Executive Summary
Chapter 3 Automotive Brake Caliper Industry Insights
Chapter 4 Automotive Brake Caliper Market, By Vehicle
Chapter 5 Automotive Brake Caliper Market, By Product
Chapter 6 Automotive Brake Caliper Market, By Distribution Channel
Chapter 7 Automotive Brake Caliper Market, By Piston Material
Chapter 8 Automotive Brake Caliper Market, By Manufacturing Process
Chapter 9 Automotive Brake Caliper Market, By Region
Chapter10. Automotive Brake Caliper Market Company Profiles
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Related Report:
Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Automotive Brake Caliper Market 2018, Forecast to 2023
Automotive Brake Caliper is a clamping device with functions of slowing down, stopping or maintaining the stop state of the moving wheel. Scope of the Report:
This report focuses on the Automotive Brake Caliper in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-north-america-europe-asia-pacific-south-america-middle-east-and-africa-automotive-brake-caliper-market-2018-forecast-to-2023?utm_source=RR-SP
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Automotive Brake Caliper Market Set to Register 3% CAGR During 2017-2024 : Top Manufacturers Continental, ZF Friedrichshafen, Akebono, Brembo, Robert Bosch, Budweg, WABCO
MarketStudyReport.com offers 2017 report on Global Automotive Brake Caliper market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.