Sales Scenario of Brake Caliper Market to Remain Incremental Through 2018-2028

The automotive brake caliper market is poised to garner remarkable growth on account of rapid surge in automotive production and imposition of stringent vehicle safety norms. Automobile manufacturers are focusing on adopting new emergency braking systems such as ABS to improve the safety features of their newer vehicle variants. Automakers around the world are also concentrating on increasing their product sales by integrating light-weight suspension materials and implementing remanufacturing technologies.

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Introduction of zero-emission norms could massively benefit industry growth over the forthcoming years. Major players are planning to increase their brake caliper production capacities for supporting manufacturing of electric vehicle owing to higher EV demand registered following shifting consumer preference towards green mobility. Increasing imposition of strict federal policies to lower carbon emission have also supported EV demand. On this note, Global Market Insights, Inc., estimates that the automotive brake calipers market might touch USD 16 billion by the year 2026. 

Mentioned below are some of the ongoing trends advancing automotive brake calipers market outlook:

  • Proliferating demand for two-wheelers

Rising popularity of electric scooters and motorcycles across developing countries could positively impact the adoption of brake calipers. Estimates suggest that the two-wheeler segment could record over USD 1.5 billion in revenue by the end of 2026. Customers nowadays are emphasizing on opting for two wheelers with enhanced braking capability. This has encouraged auto companies to install high-quality brake calipers in their vehicles.

Meanwhile, manufacturers are focusing on introducing new aftermarket products that meet heavy demand for superior brake calipers. For example, Hope launched its RX4 disc brake calipers as an aftermarket upgrade to enhance the braking performance of gravel and all road bikes. These brakes are superior in quality in comparison with factory fitted hydraulic disc brakes manufactured by SRAM, Campagnolo and Shimano.

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  • OEM built brake calipers gaining immense traction- 

OEMs have managed to control a major share of overall automotive brake caliper market. Factors like increasing replacement of drum brake with disc brake system and high demand for commercial vehicles could significantly boost segment growth during the predicted timeframe. Estimates suggest that the demand for passenger vehicles may surge significantly over the years, accelerating brake calipers market size.

  • Adoption of lucrative business strategies-

Prominent industry players are focusing on adopting favorable business strategies such as mergers, partnerships, and acquisitions as well as product innovation to enhance their market share and geographical presence. For instance, in 2018, TRW Aftermarket introduced a new range of brake calipers for electric vehicles dubbed, Electric Blue. As of May 2019, the company plans to expand its portfolio by introducing new products for hybrid vehicles that were previously in the testing process.

Table of Contents of the Report (TOC):

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    APAC

1.2.4    LATAM

1.2.5    MEA

1.3    Forecast calculation

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Automotive brake pads industry 3600 synopsis, 2018 – 2028

2.1.1    Business trends

2.1.2    Vehicle trends

2.1.3    Material trends

2.1.4    Sales channel trends

2.1.5    Position trends

2.1.6    Regional trends

Chapter 3   Automotive Brake Pads Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Raw material suppliers

3.2.2    Manufacturers

3.2.3    Profit margin trends

3.2.4    Distribution Channel analysis

3.2.5    Value chain disruptions due to COVID-19

3.2.6    Vendor matrix

3.3    Pricing analysis

3.3.1    Regional pricing (including COVID-19 impact)

3.3.1.1    North America

3.3.1.2    Europe

3.3.1.3    Asia Pacific

3.3.1.4    Latin America

3.3.1.5    Middle East & Africa

3.3.2    Cost structure analysis

3.4    Technology landscape

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    Middle East & Africa

3.6    COVID-19 impact on the automotive industry

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    North America

3.7.1.1.1    High motorization rate and presence of manufacturers

3.7.1.2    Europe

3.7.1.2.1    Increasing brake components and parts import

3.7.1.3    Asia Pacific

3.7.1.3.1    Increasing vehicle production and sales along with rising presence of brake pad manufacturers

3.7.1.4    Latin America

3.7.1.4.1    Updated vehicle safety regulations along with rising commercial vehicle sales

3.7.1.5    Middle East & Africa

3.7.1.5.1    Growing presence of automotive players

3.7.2    Industry pitfalls & challenges

3.7.2.1    Design Complexity and stringent government regulations for raw materials

3.8    Innovation and sustainability

3.9    Growth potential analysis, 2021

3.10    Porter’s analysis

3.11    Competitive landscape, 2020

3.11.1    Top players analysis, 2020

3.11.2    Key stakeholders

3.11.3    Strategy dashboard

3.12    PESTLE analysis

 

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