Increasing Emphasis on Vehicle Safety Drives Demand for Advanced Automotive Brake Calipers
Market Research Future Insights
According to MRFR analysis, the global Automotive Brake Caliper Market is expected to register a CAGR of ~3.8% from 2022 to 2030 and hold a value of over USD 78.21 Million by 2030.
In the disc braking system, the brake caliper is essential. The caliper is the covering that is attached to the braking pad and piston of the vehicle. The brake caliper's main job is to hold the brake pads in place on each side of the rotor. Additionally, the master cylinder's pressure on the brake fluid is converted into friction on the rotor by the braking caliper's pistons. The brake fluid puts pressure on the pistons within the brake caliper when the brake pedal is depressed. As a result, the car's speed is reduced by pressing the brake rotor and pads together.
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Regional Analysis
the Asia-Pacific region is anticipated to have the largest market share over the projection period. Additionally, Asia-Pacific is anticipated to experience the highest growth during the forecast period because of the region's growing population, rapid urbanization, rising disposable income from nations like China and India, expanding automotive brake caliper industry, and growing emphasis on vehicle and driver safety.
Market Segmentation
The Global Automotive Brake Caliper market has been segmented into Product Type, Material, Vehicle Type, and Sales Channel.
Based on the Product Type, the market has been segmented into Fixed, Floating Brake Caliper.
Based on the Material, the market has been segmented into Cast Iron, Stainless Steel, and Aluminum.
Based on the Vehicle Type, the market has been segmented into Passenger cars, Commercial Vehicles.
Based on the Sales Channel, the market has been segmented into OEM and Aftermarket.
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Key Players
Some of the key market players are AISIN SEIKI Co. Ltd, Continental AG, ZF Friedrichshafen, WABCO, Brembo S.p.A., Mando Corporation, ACDelco, Apec Braking, Robert Bosch, ATL Industries.
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