Automotive brake caliper market is likely to witness a healthy CAGR of 4.5% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Automotive brake caliper market
Automotive brake caliper market is likely to witness a healthy CAGR of 4.5% during the forecast period. Growth in vehicle production, growing adoption rate of disc brakes in vehicles over drum brakes, and increasing concern for vehicle safety to boost the market during the forecast period.
Asia-Pacific is estimated to be the fastest-growing automotive brake caliper market during the forecast period, driven by the increasing disposable income of people contributing towards increasing vehicle sales and the growing adoption rate of electric vehicles in the region.
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Report Scope & Market Segmentation
Automotive Brake Caliper Market Share: By Vehicle Type
Based on the vehicle type, the market is segmented as passenger car, LCV, HCV, and two-wheelers. The passenger car vehicle segment held a significant share of the market in 2019, as calipers reduce the on-track operating temperature which improves the braking system performance. The segment is likely to maintain its lead during the forecast period as well.
Automotive Brake Caliper Market Share: By Product Type
Based on the product type, the automotive brake caliper market is segmented as fixed and floating. The fixed brake caliper segment is likely to grow at a faster pace due to various advantages offered by it, such as residual torque and weight reduction to vehicles. Also, the increasing need for high-performance and low carbon emissions from vehicles to further propel the market.
Automotive Brake Caliper Market Share: By End-User Type
Based on the end-user type, the automotive brake caliper market is segmented as OEM and aftermarket. OEM dominated the automotive brake caliper market, owing to the growing need for air disc brakes in vehicles. Increasing demand from zero fuel emission vehicle manufacturers and the growing need for safe and high-performance vehicles to bolster the market further.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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