Global Automotive Brake Calipers Market 2017-2021
About Automotive Brake Calipers
The brake calipers are basically a clamp or gripping device that squeezes the brake pads or a pair of metal plates (made from various materials like metallic wire, ceramics, asbestos) against the brake rotor to slow down or stop a vehicle. The global automotive brake calipers market is a prominent segment of the global automotive braking system market. From a top-down perspective, Technavio has analyzed the global automotive braking system market as a parent market to set the context.
Technavio’s analysts forecast the global automotive brake calipers market to grow at a CAGR of 3.12% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive brake calipers market for 2017-2021 . To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Brake Calipers Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive brake calipers market: Continental, ZF Friedrichshafen, WABCO, and Brembo
Other Prominent Vendors in the market are: Akebono, AISIN Group, Apec Braking, ATL Industries, Bendix, Brakes International, CARDONE, and Robert Bosch.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for multi-piston brake calipers. The calipers are C-shaped, and the pistons are present on the top and bottom ends of the calipers. The force generated by the foot pedal and exerted on the master cylinder gets is wasted while it is spread to the caliper. This increases the pressure required to engage the brake pedal and increases brake pad wear. The caliper designers are trying to minimize deflection and wasted force using multiple pistons.”
According to the report, one of the major drivers for this market is Increasing sales of SUVs and pickup trucks globally. The global automotive industry is going through an era of evolution through the new emerging technologies and innovations in the market to bring new types of vehicles in the market. In the last decade, many new vehicles have become commercially available in the mass market, especially the new-age SUVs. The automakers have been working on the economics of demand and supply, and to meet the potential demand, they have been working on expanding the product line-up of SUVs.
Further, the report states that one of the major factors hindering the growth of this market is Highly mature market, leading to fewer innovations in the market. The automotive braking system market has reached a mature stage where the growth of the market has become highly dependent on the sales of vehicles globally. The first braking system constituted a block of wood and a lever system, which was used in steel-rimmed wheels. As the steam-powered vehicles were introduced in the market, the use of mechanical braking systems started becoming obsolete because of the high requirement for braking power. By the end of the 1890s, the steel-rimmed wheels were replaced by rubber tires. Then the drum brakes took over the market; the development of the modern-day drum brakes was credited to Louis Renault in 1902. The mechanically actuated brakes era ended in 1918 when Malcolm Lougheed brought together the concept of the hydraulic brake system; earlier, this system was being fitted in most luxury vehicles, and over time it captured the whole market.
Continental, ZF Friedrichshafen, WABCO, and Brembo, Akebono, AISIN Group, Apec Braking, ATL Industries, Bendix, Brakes International, CARDONE, and Robert Bosch.
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