28 Feb Jonathan Cartu Divulges: Automotive Brake Caliper Market by Global Trends, Opportuni…
Automotive brake caliper market is likely to gain from phenolic (plastic) pistons segment over the study period due to availability of wide range of phenolics (plastics). Phenolics render superior properties to the products made from them. Such properties include reduced weight, augmented heat resistance, high tensile strength, and increased fuel efficiency. Also, phenolic pistons can withstand high compression stresses, which in resulting in increased product adoption.
Fixed calipers are among the most used automotive brake calipers and are expected to contribute majorly to global share over the forecast timeframe. These calipers contain equal number of pistons on both the inboard and outboard halves of the caliper. These calipers exhibit high performance and are ideally suited for application in premium and sports cars. Heavy demand for premium and advanced cars will supplement industry share.
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Increasing regulations laid down by the authorities regarding the safety of vehicles will foster automotive brake caliper market share over the projected timeframe. There has been consistent production of automobiles despite slowdowns across various economies recently, sustaining the demand for brake calipers during auto manufacturing as well as for repairs.
Major technological advancements have helped the industry introduce new and efficient ways to enhance the product development. For instance, ABS and automated emergency braking systems among others have been mandating the need to deploy efficient and reliable brake calipers. Manufacturers worldwide have placed their focus on the improvement of product by adopting all the remanufacturing technologies and investing in light-weight materials.
Brake calipers of two-wheelers are predicted to pose a significant growth rate during the projected time span. This growth can be attributed to the rising penetration of electric motorcycles and scooters in emerging economies. Increasing sales of the product due to minimum braking distance and immediate stopping of the vehicle will further escalate the automotive brake caliper market growth over the study period.
Pistons made from phenolics will exhibit significant growth in the automotive brake caliper industry from over the study period owing to the availability of wide range of plastics. These plastics have superior properties including reduced weight, that enhances heat resistance, fuel efficiency, and impart high strength. These can also withstand high compression stresses resulting in increased product adoption.
The emerging economies have been experiencing a surge in the production and demand for scooters and electric motorcycles. Brake calipers of two-wheeler helps the vehicle to stop immediately and has a safe minimum braking distance, driving automotive brake caliper market outlook.
Growth in consumer disposable income has escalated the sale of bikes while continuous roads and highway infrastructure development has supported the industry growth. Increasing number of road accidents due to over speeding has stimulated people to ensure proper maintenance of bike components. Two-wheeler brake calipers industry will exhibit positive growth prospects over the projected timeframe.
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The suppliers of automobile components are needed to balance out various opportunities against similar risks from the potential legal conditions, OEM dependencies as well as possible instabilities within the political landscape. Both the Middle East and Africa regions will exhibit massive opportunities for growth of the automotive brake caliper market.
MEA region will register over 3% CAGR between 2019 to 2026. This expansion can be attributed to high incomes in the region enabling the purchase of new vehicles, emergence of ride-sharing platforms and consistent need for vehicle repairs and maintenance.
Major players operating in the automotive brake caliper market are AISIN Group, Continental, Robert Bosch, and WABCO.
Table of Contents (ToC) of the report:
Chapter 4 Automotive Brake Caliper Market, By Vehicle
4.1 Automotive brake caliper market share by vehicle insights
4.2.1 Market estimates and forecast, 2016 – 2026, (Million Units) (USD Million)
4.2.2 Market estimates & forecast, by region, 2016-2026 (Million Units) (USD Million)
4.3.1 Market estimates and forecast, 2016 – 2026, (Million Units) (USD Million)
4.3.2 Market estimates & forecast, by region, 2016 – 2026 (Million Units) (USD Million)
4.4.1 Market estimates and forecast, 2016 – 2026, (Million Units) (USD Million)
4.4.2 Market estimates & forecast, by region, 2016 – 2026 (Million Units) (USD Million)
4.5 Two Wheelers
4.5.1 Market estimates and forecast, 2016 – 2026, (Million Units) (USD Million)
4.5.2 Market estimates & forecast, by region, 2016 – 2026 (Million Units) (USD Million)
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