What is Global Brake Calipers Market?
The Global Brake Calipers Market is a vast and dynamic sector that deals with the production, distribution, and sale of brake calipers, which are essential components in the braking systems of vehicles. These devices play a crucial role in stopping the vehicle by creating friction with the brake rotors. The market's global reach is extensive, encompassing various regions and countries, each contributing to the overall growth and development of the sector. The market's value was estimated at US$ 6921 million in 2022, and it is projected to increase to US$ 8416.4 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 2.8% from 2023 to 2029. The market is dominated by the top five manufacturers, who collectively hold over 50% of the market share.
Single Piston Caliper, Multi-Piston Caliper in the Global Brake Calipers Market:
In the Global Brake Calipers Market, there are two main types of brake calipers: Single Piston Caliper and Multi-Piston Caliper. The Single Piston Caliper is the most common type, accounting for over 75% of the market. This type of caliper uses a single piston on one side of the caliper to push the brake pad against the rotor, creating the friction needed to stop the vehicle. On the other hand, Multi-Piston Calipers use multiple pistons to apply pressure to the brake pads, resulting in more even distribution of force and improved braking performance. Despite their advantages, Multi-Piston Calipers are less common due to their higher cost and complexity.
Passenger Vehicle, Commercial Vehicle in the Global Brake Calipers Market:
The Global Brake Calipers Market serves a wide range of vehicles, including both passenger and commercial vehicles. In passenger vehicles, brake calipers are crucial for ensuring the safety and control of the vehicle, particularly in emergency situations. They are designed to provide reliable and consistent braking performance, contributing to the overall driving experience. In commercial vehicles, brake calipers are even more critical due to the larger size and weight of these vehicles. They require more robust and durable brake systems to handle the increased load and ensure safe operation. Therefore, the demand for high-quality brake calipers is high in both segments, driving the growth of the Global Brake Calipers Market.
Global Brake Calipers Market Outlook:
To rephrase the market outlook, the Global Brake Calipers Market, valued at US$ 6921 million in 2022, is expected to grow to US$ 8416.4 million by 2029, with a CAGR of 2.8% from 2023 to 2029. The market is largely controlled by the top five manufacturers, who hold over half of the market share. The Single Piston Caliper is the most popular product in this market, accounting for more than 75% of the market share.
| Report Metric | Details |
| Report Name | Brake Calipers Market |
| Accounted market size in 2022 | US$ 6921 in million |
| Forecasted market size in 2029 | US$ 8416.4 million |
| CAGR | 2.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ZF TRW, Aisin, Continental, Brembo, Akebono, Bosch, Mando, ACDelco, Hitachi AMS, APG, Knorr-Bremse, Nissin Kogyo, Hasco Group, Meritor, Wabco, Tarox, Haldex, BWI Group, Centric Parts, Wilwood, Alcon, K Sport, Yuhuan Boyu |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
