Brake Caliper Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2022
“Global Brake Caliper Market is predicted to grow
significantly in the coming years owing to the mandatory
use of brake caliper in vehicles and increase in demand
for automobiles worldwide.”
Global Brake Caliper Market is predicted to grow significantly in the coming years owing to the mandatory use
of brake caliper in vehicles and increase in demand for automobiles worldwide. Brake calipers are the essential
components of an automobiles braking system. Vehicles mostly use disc brakes for front wheels, but nowadays
several trucks and cars apply disc brakes in the rear as well. In the disc brakes, automobile’s wheels are fixed to
the rotors or metal discs where, calipers help in slowing down the car’s wheels by producing friction with the
rotors.
Strict regulations for vehicle and passenger safety has resulted in compulsory installation of brake caliper in LCV,
PCV, HCV and two-wheelers. As compared to the traditional system, brake calipers are self-adjusting and offer
effective function and effortless stopping. Owing to this feature, market is expected to drive in the forecast
period. In addition, the constant advancements in safety features with high quality check conducted while
manufacturing will impressively affect brake caliper market in the years to come.
Moreover, the trend of product remanufacture is gaining traction among existing manufactures in the
developed areas. This has led to an overall reduction in price and carbon footprints in the production. In
addition, the enhancements of low weighted aluminum products along superior fitment that matches OE
demand is expected to drive the brake caliper market in near future.
Vehicle manufacturing companies are relying on the suppliers who offer cost-efficient products that match
automotive regulations. Strong competition among manufacturers has affected the overall pricing trend of the
product. Furthermore, overall manufacturing capacity may lead in reduced price, which will again affect the
revenue of brake caliper market.