Automotive Brake Caliper Market To Reach USD 16 Billion By 2026

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Automotive Brake Caliper Market Cross USD 16
Billion By 2026 Global Market Insights, Inc.
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• Industrial Control Systems Market Scenario

• Reports suggest that global automotive brake
  caliper market size will exceed USD 16 billion in
  terms of annual remunerations by 2026.
• Shifting trends towards electric vehicles along
  with consistent global automotive production will
  drive automotive brake calipers market forecast.
  In 2019, around 92 million motor vehicles were
  produced globally, while Japan, Germany and China
  were among the largest producers of commercial
  vehicles in the same year.
• The adoption of plug-in hybrids and all-electric
  vehicles has also been steadily rising over the
  last decade. For instance, Norway, with a
  population of just 5 million, has significantly
  switched to EVs. The country has the highest
  share of new EV purchases in the world as of
  2020. Increased consumer preference for EVs and
  plug-in hybrid vehicles has prompted automakers
  to boost production, which in turn is favoring
  automotive brake caliper production.

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• The COVID-19 outbreak has adversely impacted
  automobile production, resulting in a decline in
  calipers installation rate. However, ease in
  lockdown restrictions and potential normalcy of
  the situation in the coming months may support
  the industry growth.
• Growing popularity of zero-fuel emission vehicles
  across globe is a key factor prompting major
  players to expand their production capacities for
  EVs. Growing consumer awareness pertaining to
  environmental deterioration due to vehicle
  emissions along with strict government policies
  for curbing carbon emission from automotive will
  favor electrification, offering lucrative
  opportunities for automotive brake caliper
  manufacturers over the coming years.
• Two-wheeler segment is estimated to generate
  revenue of USD 1.5 billion by 2026 on account of
  the rapid penetration of electric scooters and
  motorcycles in the emerging nations. Also,
  manufacturer efforts to reduce minimum braking
  distance and improve immediate stopping of
  motorcycles and cars will further drive
  innovations.

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• Regional Analysis

Europe automotive brake caliper market is poised
to be driven by the growing production of
vehicles in most part of the regional countries.
Also, strict government regulations that are
being implemented across Europe in order to
enhance the braking system and safety of
passengers and vehicles, which will fuel product
proliferation through 2026.

• Competitive Analysis

• Prominent players contributing towards global
  automotive brake caliper market are ACDelco,
  AISIN Group, Brakes International, BWI,
  Continental, APG, Mando and Brembo, among others.

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