Automotive Brake Caliper Market By Technology, Application, Region – Forecast 2024
More Information @ http://bit.ly/2E2M7Ok These brake calipers are expected to showcase increased demand owing to rising safety & security concerns around the world.
More Information @ http://bit.ly/2E2M7Ok
These brake calipers are expected to showcase increased demand owing to rising safety & security concerns around the world.
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<strong>Automotive</strong> <strong>Brake</strong> <strong>Caliper</strong> <strong>Market</strong> Analysis, Report,<br />
Trends and <strong>Forecast</strong>, 2017-<strong>2024</strong>: Global <strong>Market</strong><br />
Insights, Inc.<br />
<strong>Automotive</strong> <strong>Brake</strong> <strong>Caliper</strong> <strong>Market</strong> in Europe is expected to witness robust growth<br />
rate due to presence of numerous vehicle component manufacturers across the<br />
region. Surging demand for these vehicles is expected to fuel the automotive brake<br />
caliper market revenue over the next eight years. North America is expected to<br />
witness growth over the forecast timeframe owing to strong presence of passenger<br />
cars and commercial vehicles across the region.<br />
<strong>Automotive</strong> <strong>Brake</strong> <strong>Caliper</strong> <strong>Market</strong> size is anticipated to showcase robust growth rate<br />
till <strong>2024</strong> owing to increasing vehicle demand worldwide. <strong>Brake</strong> systems are the most<br />
important components of vehicle for stopping or slowing down vehicle at same<br />
instance. These brake calipers are expected to showcase increased demand owing<br />
to rising safety & security concerns around the world.<br />
Manufacturers focus on usage of enhanced brakes in their products. Commonly<br />
used materials include aluminum or chrome plated steel, ceramic, and metallic are<br />
widely used in manufacturing processes. The weight to strength ratio is of high<br />
importance in vehicles. Focus towards developing advanced products has resulted in<br />
increasing demand of high grade aluminum materials.<br />
Stringent government policies regarding vehicle safety has led to mandatory<br />
installation of these brake calipers, escalating the revenue generation. Technological<br />
advancements for safe and secure driving such as floating brake calipers have<br />
paved opportunistic way for the industry participants. Heavy commercial vehicles are<br />
also equipped with brake drums in their braking systems owing to their high<br />
requirement of speed control.<br />
Passenger vehicle demand is expected to grow due to affordable vehicle prices in<br />
developing countries, further inducing immense potential to the industry size till<br />
<strong>2024</strong>. Growth in the sales of passenger cars such as SUV and light trucks have<br />
gained momentum worldwide.<br />
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<strong>By</strong> end user, the industry can be segmented into two-wheeler, light commercial<br />
vehicles and passenger cars. Two-wheeler holds major market share in the industry<br />
and is expected to continue the same owing to high deployment of floating brake<br />
calipers. Majority of the two wheelers are equipped with rotating floating calipers.<br />
Rising penetration of two-wheelers in developing countries including Brazil, China<br />
and India is likely to boost automotive brake caliper market revenue over the forecast<br />
timeline.<br />
Based on product, brake caliper market can be categorized into floating caliper and<br />
fixed calipers. Fixed calipers are expected to dominate the market size over the<br />
forecast timeframe. They are majorly deployed in passenger cars SUVs, electric<br />
cars, two wheelers and premium bikes. They allow instant stoppage of vehicle speed<br />
on road side. These advantages will instigate immense growth potential to the<br />
segment’s size till <strong>2024</strong>.<br />
Asia Pacific is estimated to dominate the overall industry size owing to wide usage<br />
automotive metal across the region. According to Society of Automobile<br />
manufacturers in India and China, these emerging economies are witnessing high<br />
growth of vehicle sale.<br />
<strong>Automotive</strong> <strong>Brake</strong> Engineering, <strong>Brake</strong>s International, Brembo S.p.A., Wilwood<br />
Engineering Inc., Apec Braking, and ATL Industries are among the prominent<br />
automotive brake caliper manufacturing companies. Centric Parts, TRW <strong>Automotive</strong>,<br />
Continental AG, and EBC <strong>Brake</strong>s are other promising vendors that contribute<br />
significantly in automotive brake caliper market. The industry participants are<br />
focusing on strengthening their distribution channel to enhance their visibility among<br />
consumers.<br />
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