Global Automotive Brake Caliper Market Insights Forecasts to 2033.

• The Global Automotive Brake Caliper Market Size was Valued at USD 9.5 Billion in 2023.
• The Market Size is Growing at a CAGR of 3.65% from 2023 to 2033.
• The Worldwide Automotive Brake Caliper Market Size is Expected to Reach USD 13.6 Billion by 2033.
• North America is expected to grow the fastest during the forecast period.

The Global Automotive Brake Caliper Market Size is Anticipated to Exceed USD 13.6 Billion by 2033, Growing at a CAGR of 3.65% from 2023 to 2033.

Market Overview

A caliper is a component of the disc brake system, which is the kind of front brake found on most cars. The brake pads and pistons on your car are housed in the brake caliper. Its function is to generate friction with the brake rotors to slow the vehicle's wheels. When you use the brakes, the brake caliper clamps down on the rotor of the wheel to prevent it from spinning. Brake pads are two metal plates that go within each caliper. Furthermore, the demand for automotive brake components, such as brake pads, brake shoes, boosters, rotors, and other related parts, is expected to increase until 2033 due to rising automotive production and global vehicle sales. In addition, going forward, both new and experienced automobile caliper suppliers should find new opportunities due to the growing demand for aftermarket vehicle components. Moreover, government vehicle safety regulations, growing concerns about vehicle safety, and the greater use of disc brakes in place of drum brakes in automobiles are all anticipated to support the expansion of the global automotive brake caliper market throughout the projected period. Furthermore, it is anticipated that the market will grow due to the trend toward lighter and composite materials for the production of lighter electric and hybrid cars, as well as the development of better braking systems for upcoming vehicles.

Report Coverage

This research report categorizes the market for the global automotive brake caliper market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global automotive brake caliper market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global automotive brake caliper market.

Driving Factors

The primary drivers of the global automotive brake caliper market's growth are the increasing global sales and production of commercial vehicles, the growth in long-distance travel, the low maintenance costs of the system, the growing demand for off-highway vehicles as a result of the mining and construction industries, and the growing safety concerns for both passenger and commercial vehicles. Manufacturers of automotive brake systems are being pushed to compete in the automotive brake caliper market and use more environmentally friendly materials in their systems because of the requirement to construct braking systems in compliance with government regulations. This is one of the primary factors boost global automotive brake caliper market growth during forecast period.

Restraining Factors

Growing raw material costs pose a serious threat to the automotive brake caliper market. Because the sector uses a lot of materials, such as aluminum and sophisticated alloys, changes in commodity prices can affect manufacturing costs. Businesses must manage the difficulty of finding affordable materials without sacrificing performance or quality, striking a balance between affordability and profitability.

Market Segmentation

The global automotive brake caliper market share is classified into product type, material, and vehicle type.

• The fixed brake caliper segment is expected to hold the largest share of the global automotive brake caliper market during the forecast period.   

Based on the product type, the global automotive brake caliper market is divided into fixed brake caliper and floating brake caliper. Among these, the fixed brake caliper segment is expected to hold the largest share of the global automotive brake caliper market during the forecast period. This is because fixed brake calipers are recognized to function better than floating calipers. After all, they usually provide enhanced braking efficiency and temperature dissipation. Enhancements in brake systems, technological progressions, and the demand for more performance in the car industry could all be reasons for this market dominance.

• The aluminum segment is expected to grow at the fastest pace in the global automotive brake caliper market during the forecast period.    

Based on the material, the global automotive brake caliper market is divided into cast iron, stainless steel, and aluminum. Among these, the aluminum segment is expected to grow at the fastest pace in the global automotive brake caliper market during the forecast period. The main benefit of aluminum is its low weight, which is why manufacturers are looking into the prospect of producing aluminum brake components that are lighter. This is especially true for electric cars and smaller urban cars, which do not require as much braking as larger cars and SUVs do. To satisfy the less demanding needs of electric vehicles, Continental aims to modify disc brakes. To achieve this, the business created a minimalist brake caliper that eliminates any superfluous material to minimize weight. Therefore, it is anticipated that the market will be stimulated by the use of the aluminum segment in lighter and electric automobiles.

• The passenger vehicle segment is expected to grow at the greatest pace in the global automotive brake caliper market during the forecast period.

Based on the vehicle type, the global automotive brake caliper market is divided into passenger vehicles and commercial vehicles. Among these, the passenger vehicle segment is expected to grow at the greatest pace in the global automotive brake caliper market during the forecast period. Passenger vehicle demand has been increasing, particularly in emerging nations where the middle class is increasing and has extra optional income. The need for passenger cars, and hence parts like brake calipers, tends to rise as more people look for personal transportation.

Regional Segment Analysis of the Global Automotive Brake Caliper Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global automotive brake caliper market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global automotive brake caliper market over the predicted timeframe due to the region's growing acceptance of electric vehicles and expanding disposable incomes, both of which would boost demand for the automotive brake caliper market. The disposable income of middle-class consumers in China is growing along with the country's economy. Its growth is a sign of the growing demand for cars. Over the forecast period, there has been a significant increase in vehicle production due to the nation's low production costs. In an additional attempt to increase sales, the Chinese government has lowered car tariffs. China is one of the largest exporters of automobiles and car parts. It is projected that the regional increasing auto output will boost market expansion during forecast period.

North America is expected to grow at the fastest pace in the global automotive brake caliper market during the forecast period. There is a big market for high-performance brake systems, which include sophisticated brake calipers. New caliper technologies are being adopted due to stricter safety restrictions. Furthermore, there is a healthy aftermarket industry in North America, where customers prioritize upgrades and replacements for increased performance and safety. The dynamic landscape of the brake caliper market in North America is influenced by the presence of major vehicle OEMs and a demanding consumer base.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive brake caliper along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AKEBONO BRAKE INDUSTRY CO., LTD
• Japan Brake Industrial Co., Ltd.
• Budweg Caliper A/S
• ZF Friedrichshafen
• WABCO
• AISIN SEIKI Co., Ltd
• Brembo S.p.A.
• ACDelco
• Apec Braking
• Robert Bosch
• Mando Corporation
• ATL Industries
• Continental AG
• AbeBrakes
• BWI Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, Neotech's introduction of an advanced six-piston brake calliper at SEMA 2023 revolutionizes automotive performance.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global automotive brake caliper market based on the below-mentioned segments: 

Global Automotive Brake Caliper Market, By Product Type

• Fixed Brake Caliper
• Floating Brake Caliper

Global Automotive Brake Caliper Market, By Material

• Cast Iron
• Stainless Steel
• Aluminum

Global Automotive Brake Caliper Market, By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Global Automotive Brake Caliper Market, By Sales Type

• OEM
• Aftermarket

Global Automotive Brake Caliper Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa