Automotive Brake Caliper Market Summary
As per Market Research Future Analysis, the global automotive brake caliper market was valued at USD 9.2 billion in 2023 and is projected to grow from USD 9.54 billion in 2024 to USD 12.5 billion by 2032, with a CAGR of 3.42% during the forecast period. Key drivers include increased sales and manufacture of commercial vehicles, rising demand for SUVs, and off-highway vehicles due to mining and construction growth. Challenges include increased stopping distances with hydraulic braking and strict regulations on lightweight materials. Opportunities arise from rising disposable incomes in emerging economies, advancements in automotive technology, and a booming aftermarket industry. The market is characterized by a growing collaboration between OEMs and brake caliper manufacturers, with a focus on environmentally friendly materials.
Key Market Trends & Highlights
The automotive brake caliper market is witnessing significant trends driven by various factors.
- Floating brake calipers dominated the market in 2022 due to their low cost.
- Stainless steel was the leading material segment in 2022, favored for its mechanical strength and corrosion resistance.
- Passenger vehicles held the largest market share in 2022, driven by urbanization and rising purchasing power.
- The OEM segment led the sales channel in 2022, supported by increasing demand for high-performance vehicles.
Market Size & Forecast
2023 Market Size | USD 9.2 Billion |
2024 Market Size | USD 9.54 Billion |
2032 Market Size | USD 12.5 Billion |
CAGR | 3.42% |
Major Players
Key players include AKEBONO BRAKE INDUSTRY CO., LTD, AISIN SEIKI Co., Ltd, Continental AG, ZF Friedrichshafen, WABCO, Brembo S.p.A., Mando Corporation, ACDelco, and Robert Bosch.