Automobile Front Caliper Market is estimated to be US$ 13.6 billion by 2034; Rising Automobile Industries to Foster Market Growth

Published Date: April 2024

Automobile Front Caliper is a part of disc brake system which slow the car’s wheels by creating friction between brake rotors. Mostly front calipers are dual piston and when brakes are applied piston pushes brake pad on inboard side of the disc. Rise in automobile industries has become the major contribution in target market growth. Government rules and regulations and technological advancement has further facilitated the target market growth. Furthermore, growing shift towards composite and lightweight materials for producing lighter vehicles such as electric and hybrid vehicles and development of advanced braking system is expected to fruitful the demand for Automobile Front Caliper Market growth in coming years. For instance, according to (The Economic Times) in August 2022, about 30% Car dispatches up in India. Industry determines the passenger vehicles which has increased 29-31% to 335,000-340,000 units in August. Automobile Front Caliper Market was valued at US$ 9.8 billion in 2024 and is projected to grow at a CAGR of 3.6% to reach US$ 13.6 billion by 2034.

The report “Automobile Front Caliper Market, By Type (1 Piston Caliper, 2 Piston Caliper, and Multi-Piston Caliper), By Application (Sedan & Hatchback, and SUV), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In March 2023, TVS Apache (Brake India’s Friction brand) launched Brake Pads for luxury cars to expand its portfolio. New launched brake pads are featured with advanced friction technology and engineered for global specifications with premium formulation for delivering quiet and high performance braking and are eco-friendly with copper-free formulations which meet highest N compliance level as per SAE J2975.
  • In July 2022, Orbis Brakes launched new “Periodic Wave” disc brake in partnership with NASA (National Aeronautics and Space Administration), with new braking advanced aerodynamics technology to provide superior surface cooling, to extend fuel efficiency & vehicle range and to reduce dangerous brake fade.

Analyst View:

The key factor driving the growth of the Automobile Front Caliper market is rising automobile industries with growing demand for vehicles. Rapid growth in urbanization and disposable income allow an individual to purchase own vehicles. Further, growing concern towards vehicle safety, growing adoption of disc brakes over drum brakes, and rising demand from consumers for high quality and reliable brake calipers has anticipated to boost the demand for Automobile Front Caliper market over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Automobile Front Caliper Market, By Type (1 Piston Caliper, 2 Piston Caliper, and Multi-Piston Caliper), By Application (Sedan & Hatchback, and SUV), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Automobile Front Caliper Market was valued at US$ 9.8 billion in 2024 and is projected to grow at a CAGR of 3.6% to reach US$ 13.6 billion by 2034. The Automobile Front Caliper Market is segmented based on Type, Application and Region.

  • Based on Type, Automobile Front Caliper Market is segmented into 1 Piston Caliper, 2 Piston Caliper, and Multi-Piston Caliper.
  • Based on Application, Automobile Front Caliper Market is segmented into Sedan & Hatchback, and SUV.
  • By Region, the Automobile Front Caliper Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Automobile Front Caliper Market:

The prominent players operating in the Automobile Front Caliper Market includes, ZF TRW Automotive Holdings, Continental AG, Akebono, Brembo, Aisin, Bosch, Mando, APG, Nissin Kogyo, Knorr-Bremse, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com

Buy Now
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Custmoized Your Report
Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request for Discount
Reliability and Reputation

Quick contact

IND: +91 777 504 9802
US: +1 860 531 2574

Trusted By

Created billion dollars of revenue impact with more than 200+ clients

View All Our Clients