Global Automotive Brake Caliper Market by Vehicles, Piston Material, Distribution Channels, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Automotive Brake Caliper Market was valued at USD 20.8 Billion in 2018, and is projected to grow at CAGR of 3.2% over forecast period 2020–2026. Rising production of zero emission vehicles, growing inclination towards automotive e-commerce and increasing demand for disc brakes among the vehicle owners are key factors driving the market.

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Demand for automotive brake caliper for is expected to rise due to the increasing demand for disc brakes among the vehicle owners coupled with the increasing production of the vehicles. The stopping distance of the disc brake is shorter as compared to the drum brake, which is a key factor boosting the disc brake market. Development of new technology for braking, which is more efficient and cost-effective than the disc brake is likely to hamper the brake caliper market.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing standard of living is boosting the sale of vehicles. This, in turn, is boosting the growth of the market.
High demand for safety in the commercial and passenger vehicles is fueling the requirement for disc brakes.
Technological developments for making brakes efficient and cost-effective helps boost the market growth.
Surge in invests in R&D by the automotive industry is creating opportunities in the market.