Brake Caliper Market

Brake Caliper Market: Overview

The rising demand for disc brakes across the automotive sector may bring extensive growth prospects for the brake caliper market during the forecast period of 2021-2031. The growing concerns among the global populace regarding safety and efficacy of vehicles may also prove to be a game-changer for the brake caliper market. Furthermore, the growth in global vehicle production will prove to be a boon for the brake caliper market.

A brake caliper is a part of the disc brake system. It fits like a clamp on a wheel’s rotor. The function of the brake calipers is to slow down the wheels of a vehicle through friction creation with the brake rotors. A brake caliper protects the brake pads, enhances safety and performance, and increases the lifespan of the vehicle. These advantages help in adding value to the growth of the brake caliper market.

Brake calipers are of two types, mainly fixed brake caliper and floating brake caliper. These calipers are made from materials like steel, titanium, aluminum, and phenolics. They are used extensively across passenger cars, two wheelers, and commercial cars. Features of brake calipers such as cost-effectiveness and ability to withstand compressive force may bring considerable growth prospects for the global market.

The report on the brake caliper market by Transparency Market Research has detailed information on the different aspects related to strengthening the growth trajectory. Regional dimensions, competitive insights, and the latest trends have been included in the report. Furthermore, the report also mentions threats and restraints to make the stakeholders aware. This information helps stakeholders and CXOs to develop and refine their business strategies. The impact of the COVID-19 pandemic on the brake caliper market is also a part of the report.

Brake Caliper Market: Competitive Analysis

The brake caliper market has numerous players involved in intense competition for increasing their consumer base. Research and development activities serve as growth accelerators for the brake caliper market. Furthermore, strategic collaborations are also vital for the overall growth of the brake caliper market.

Some well-entrenched players in the brake caliper market are Continental AG, Brembo SpA, and Robert Bosch GmbH.

Brake Caliper Market: Key Trends

Among the caliper types, the fixed brake calipers are expected to contribute largely to the growth of the brake caliper market. The advantages attached to the use of fixed brake calipers may bring profitable growth avenues for the brake caliper market. They offer a residual torque advantage and help in reducing the weight of passenger cars to a great extent. However, the expensiveness quotient of fixed brake calipers may serve as a hindrance to the growth of the brake caliper market. Nevertheless, the players in the brake caliper market are trying to come up with materials that can reduce the prices of fixed brake calipers.

The COVID-19 pandemic has a negative effect on the growth of the brake caliper market. The strict lockdown enforcements had brought considerable loss to the players in the brake caliper market. Due to the shutdown of manufacturing facilities during the restrictions, the demand for brake calipers was down substantially. The drastic reduction in sales of automobiles during the lockdown restrictions dented the growth prospects of the brake caliper market. However, mass vaccination drives and gradual opening of manufacturing facilities are helping in stabilizing the growth of the brake caliper market.

Brake Caliper Market: Regional Dimensions

Asia Pacific is expected to bring considerable growth prospects for the brake caliper market during the forecast period of 2021-2031. The rising demand for vehicles in the region over the years and the presence of key automobile manufacturers may serve as crucial growth factors for the brake caliper market in Asia Pacific.