Brake Caliper Market Analysis

Brake Caliper Market Analysis

The LCV segment in the brake caliper market will account for USD 2.5 billion revenue by 2027. Increasing implementation of disc brakes particularly in emerging countries will support the market growth. Increased use of vans, pickup vehicles, etc., will lead to a greater demand for enhanced brake systems owing to features such as wider wheelbase, larger brake calipers, and higher gross vehicle weight. Obligatory installation of the product mainly for the front wheels will further boost the product penetration.

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In 2020, the piston material made of steel segment generated around USD 4.5 billion revenue in the market. The dominance is mainly attributed to cost-effectiveness compared to other materials and easy availability. Moreover, steel poses various mechanical properties, such as high durability, corrosion resistance, hardness, etc., for which it is suitable to be used in all vehicles.

Steel pistons are most used in passenger cars and heavy commercial vehicles, since they offer superior durability along with the ability to withstand superior compressive force, enhancing product penetration. Manufacturers are further improving the product quality to increase the product portfolio and to gain a competitive advantage.

The fixed brake caliper market demand will exceed 180 million units by 2027. The fixed calipers with characteristic performance and design offer residual torque advantage and weight reduction in passenger cars, resulting in lesser emissions and low fuel consumption. A fixed caliper consists of an identical number of pistons on both the inboard and outboard splits of the brake caliper. The fixed calipers have high performance; however, they are expensive.

Based on manufacturing process, the high-pressure die casting segment will witness around 4% volume growth during the forecast period, owing to an extensive use of this process in the production of brake calipers, especially the steel variants. Additionally, this process is highly preferred owing to its major benefit of higher production rate as compared to its counterparts.

Asia Pacific brake caliper market will dominate more than 45% revenue share by 2027. Intensified competition in the region due to higher production capacity is affecting the profit margin of the participants. Manufacturers are focusing on value addition in the vehicles apart from high-end cars. Dependency of vehicle manufacturers on the home market is influencing the supply chain of the product. Favorable foreign-based investments owing to potential market along with major vehicle production in the region will further fuel the industry demand.