Market Overview:
The global light commercial vehicle brake caliper market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The growth of the market can be attributed to the increasing demand for light commercial vehicles across the globe. In terms of volume, the global light commercial vehicle brake caliper market is expected to reach 9,711 thousand units by 2030. The single piston caliper segment is anticipated to account for a major share of the global light commercial vehicle brake caliper market in terms of value and volume during the forecast period. This can be attributed to its low cost as compared with multi-piston calipers and its easy installation process. The OEM segment dominated the global light commercial vehicle brake caliper market in 2017 and is projected grow at a CAGR of 5% over 2018-2030 owing rising demand from original equipment manufacturers across regions.
Product Definition:
A brake caliper is a device that applies pressure to the brake pads in order to stop a vehicle. It consists of two metal plates that sandwich the brake pad and are squeezed together by a piston. This type of caliper is used in light commercial vehicles.
Single Piston Caliper:
Single piston caliper is a braking system which uses one or more pistons to compress the brake pads against the rotor, thereby applying force on the latter. The single piston caliper design offers advantages such as low maintenance and compact size. However, it has been found that this design may not provide adequate safety during emergency situations leading to several improvements in double and even triple-piston calipers being developed.
Multi-Piston Caliper:
The multi-piston caliper is a type of automotive caliper that uses more than one piston to compress the brake pad. The extra pistons are used to reduce the braking distance and hence increase safety. It reduces the risk of skidding and helps in maintaining better control over vehicle stability while braking.
Application Insights:
OEMs and aftermarket segments are bifurcated into two categories, respectively. In OEM segment, vehicle manufacturers use the same type of brake calipers for different vehicles whereas in the aftermarket, various types of brake calipers are used depending upon requirement. For instance, while installing a new set of front disc brakes on a car or truck, wheel hub carriers are replaced with new ones along with their corresponding bolts and nuts as well as dust covers. On the other hand in case of rear drums or cantilever brakes on an off-road vehicle replacement is done by using new drums only without any additional parts such as pads and rotors.
The light commercial vehicle market has been growing significantly over the past few years owing to rising disposable income levels among consumers especially in emerging markets such as China India & Brazil which have been registering high sales volumes for several years now.
Regional Analysis:
Asia Pacific dominated the global light commercial vehicle brake caliper market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing sales of trucks and buses in countries such as China, India, South Korea, and Japan. Moreover, rising demand for electric vehicles is also anticipated to propel regional growth over the coming years.
The European market accounted for a significant share of revenue in 2017 owing to high demand from OEMs and aftermarket vendors for heavy commercial vehicles operating on public roads across Europe. In addition, stringent government regulations regarding fuel economy are projected to boost product adoption by end-users over the next eight years or so.
Growth Factors:
- Increasing demand for light commercial vehicles: The global light commercial vehicle market is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for brake calipers, which will subsequently drive the market growth.
- Technological advancements: The brake caliper market is witnessing rapid technological advancements, with manufacturers focusing on developing innovative and advanced products. This is likely to boost the demand for brake calipers in the coming years.
- Rising awareness about safety features: There has been a rise in awareness about safety features among consumers in recent years, which is driving the demand for advanced braking systems, including brake calipers. This trend is likely to continue in the future, propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Commercial Vehicle Brake Caliper Market Research Report
By Type
Single Piston Caliper, Multi-Piston Caliper
By Application
OEM, Aftermarket
By Companies
ZF TRW, Aisin, Continental, Brembo, Akebono, Bosch, Mando, ACDelco, Hitachi AMS, APG, Knorr-Bremse, Nissin Kogyo, Hasco Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Light Commercial Vehicle Brake Caliper Market Report Segments:
The global Light Commercial Vehicle Brake Caliper market is segmented on the basis of:
Types
Single Piston Caliper, Multi-Piston Caliper
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZF TRW
- Aisin
- Continental
- Brembo
- Akebono
- Bosch
- Mando
- ACDelco
- Hitachi AMS
- APG
- Knorr-Bremse
- Nissin Kogyo
- Hasco Group
Highlights of The Light Commercial Vehicle Brake Caliper Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Piston Caliper
- Multi-Piston Caliper
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Commercial Vehicle Brake Caliper Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A light commercial vehicle brake caliper is a component of the braking system on a truck, bus, or van. It's typically made from metal and has two pads that press against the wheel to stop it.
Some of the key players operating in the light commercial vehicle brake caliper market are ZF TRW, Aisin, Continental, Brembo, Akebono, Bosch, Mando, ACDelco, Hitachi AMS, APG, Knorr-Bremse, Nissin Kogyo, Hasco Group.
The light commercial vehicle brake caliper market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Commercial Vehicle Brake Caliper Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Commercial Vehicle Brake Caliper Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Commercial Vehicle Brake Caliper Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Commercial Vehicle Brake Caliper Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Commercial Vehicle Brake Caliper Market Size & Forecast, 2020-2028
4.5.1 Light Commercial Vehicle Brake Caliper Market Size and Y-o-Y Growth
4.5.2 Light Commercial Vehicle Brake Caliper Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Piston Caliper
5.2.2 Multi-Piston Caliper
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Commercial Vehicle Brake Caliper Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Commercial Vehicle Brake Caliper Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Piston Caliper
9.6.2 Multi-Piston Caliper
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Piston Caliper
10.6.2 Multi-Piston Caliper
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Piston Caliper
11.6.2 Multi-Piston Caliper
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Piston Caliper
12.6.2 Multi-Piston Caliper
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Piston Caliper
13.6.2 Multi-Piston Caliper
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Commercial Vehicle Brake Caliper Market: Competitive Dashboard
14.2 Global Light Commercial Vehicle Brake Caliper Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF TRW
14.3.2 Aisin
14.3.3 Continental
14.3.4 Brembo
14.3.5 Akebono
14.3.6 Bosch
14.3.7 Mando
14.3.8 ACDelco
14.3.9 Hitachi AMS
14.3.10 APG
14.3.11 Knorr-Bremse
14.3.12 Nissin Kogyo
14.3.13 Hasco Group
