At 3% CAGR, Automotive Brake Caliper Market to be worth more than $25 Billion by 2024

Automotive brake caliper market from PCV will account for highest revenue share of over 60% over the forecast timeframe. Substantial automobile production across the globe will primarily contribute to the high revenue generation.

Selbyville, United States - July 21, 2019 /MarketersMedia/ —

The size of Automotive Brake Caliper Market was anticipated as 19 billion in the year 2019 and is predicted to touch 25 billion till 2024, rising with a CAGR of 3% between the years 2019 to 2024 as per the research done by Global Market Insights, Inc.

Powered by the rapidly expanding automotive industry across myriad geographies, automotive brake caliper market has indeed gained tremendous popularity in recent times. The automotive sector is also rife with a plethora of highly unique innovations that have undeniably had an impact on this business sphere. Indeed, given the pivotal significance of braking systems, technological advancements form the crux of automotive brake caliper industry. Recently for example, Brembo unveiled an aesthetically revolutionary brake caliper at the 2018 NY Auto Show. Apparently, this product helped achieve substantial weight savings – around 400 g per wheel.

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The automotive industry has registered an extremely appreciable CAGR in the Asia Pacific region since the last decade or so. This growth can be essentially credited to the rise of the middle-class populace with increasing disposable incomes and a growing inclination toward leading a more comfortable lifestyle. Due to the presence of affordable and efficient production facilities and increased rate of automobile production, Asia Pacific automotive brake caliper market is poised to grow by 3% over 2017-2024. China, India, Japan, and South Korea are projected to be the major contributors toward this regional market, powered by the enhanced automotive manufacturing technologies now prevalent across these economies.

Speaking along similar lines, the increasing demand for automobiles among the middle-class consumers has led to a significant requirement of passenger carrying vehicles. For instance, in 2017 alone, 73.46 million units of PCVs were sold – a marked increase of 1.08 million units. Driven by the increased consumer spending and the subsequent rise in vehicle production, automotive brake caliper market size from PCVs is expected to increase by 3% over 2017-2024.

Though 3D printing of brake calipers has not yet become a mainstream procedure owing to the time-consuming nature of the process, the concept has gained sufficient traction. Other methodologies for the reduction of caliper mass, improved styling and performance maintenance are also being researched currently to reduce particulates and carbon emission in the atmosphere.

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The emergence of electric vehicles and hybrids is expected to add a new vertical to automotive brake caliper industry, as these vehicles will invariably use a whole new braking system that has little resemblance with the conventional braking system. With the introduction of the Tesla Model 3, electric passenger cars are poised to become the dominant trend for the future. It is rather overt that such cars are being designed to have only one paddle for moving or stopping the vehicle. While the brake system will not be made entirely obsolete, it is certain to undergo some highly innovative changes, that would certainly have an influence on automotive brake caliper market outlook.

Research & development programs are rampant across the automotive industry of late and are likely to majorly transform automotive brake caliper market trends. With the robust growth of automated technologies and the increasing requirement for better mobility, automakers are leaving no stone unturned to bring forth newer and enhanced brake systems. In consequence, this would have a commendable impact on automotive brake caliper market size, anticipated to cross $25 billion by 2024.

Browse key industry insights spread across 450 pages with 767 market data tables & 11 figures & charts from the report, Automotive Brake Caliper Market Size By Vehicle (PCV, LCV, HCV, Two-Wheelers), By Product (Fixed, Floating), By Distribution channel (OEM, Aftermarket), By Piston Material (Aluminum, Steel, Titanium, Phenolics), By Manufacturing Process (High Pressure Die Casting, Gravity Die Casting), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, Japan, India, South Korea, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-brake-caliper-market

Glimpse of Table of Content (ToC)

Chapter 4 Automotive Brake Caliper Market, By Vehicle

4.1 Automotive brake caliper market share by vehicle, 2016 & 2024
4.2 PCV
4.3 LCV
4.4 HCV
4.5 Two wheelers

Chapter 5 Automotive Brake Caliper Market, By Product

5.1 Automotive brake caliper market share by product, 2016 & 2024
5.2 Fixed
5.3 Floating/sliding

Chapter 6 Automotive Brake Caliper Market, By Distribution Channel

6.1 Automotive brake caliper market share by distribution channel, 2016 & 2024
6.2 OEM
6.3 Aftermarket

Chapter 7 Automotive Brake Caliper Market, By Piston Material

7.1 Automotive brake caliper market share by piston material, 2016 & 2024
7.2 Aluminum
7.3 Steel
7.4 Titanium
7.5 Phenolics

Chapter 8 Automotive Brake Caliper Market, By Manufacturing Process
8.1 Automotive brake caliper market share by manufacturing process, 2016 & 2024
8.2 High pressure die casting
8.3 Gravity die casting

Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-brake-caliper-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
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Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/automotive-brake-calipers-market

Source URL: https://marketersmedia.com/at-3-cagr-automotive-brake-caliper-market-to-be-worth-more-than-25-billion-by-2024/88898770

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Release ID: 88898770

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