According to the research report titled ‘Automotive Brake Caliper Market Size By Vehicle (Passenger Car, LCV, HCV, Two-Wheelers), By Product (Fixed, Floating/Sliding), By End-user (OEM, Aftermarket), By Piston Material (Aluminum, Steel, Titanium, Phenolics), By Manufacturing Process (High Pressure Die Casting, Gravity Die Casting), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026’, available with MarketStudyReport, automotive brake caliper market size is anticipated to widen at a steady y-o-y growth rate during the forecast period 2020-2026.
 

As per the findings of the report, technological advancements, new inventions, as well as increasing product usage in bikes and motorbikes are primarily driving automotive brake caliper growth.
 

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For the unversed, brake caliper is a hydraulic actuator, meaning it uses fluid pressure to produce a motion. Automotive brake calipers are the backbone of a disc brake system. It is a component of vehicles that pushes the brake pads onto rotor when the driver applies the brakes.
 

Based on vehicles, the industry is fragmented into two-wheelers, PCV, HCV, and LCV segments. Out of these, HCV category will witness considerable growth throughout the anticipated time period owing to growing trend of replacing drum brakes with disc brakes and rising significance of better vehicle safety.
 

With respect to product, the market is categorized into floating/sliding, and fixed. Among these, floating calipers are expected to gain notable demand in the upcoming years due to their lightweight, compact size and cheaper cost as compared to fixed brake calipers.
 

In terms of distribution channel, aftermarket segment will account for a sizeable part of the global automobile brake calipers market share in the forthcoming years, fueled by rapid replacement and repair cycles of brake calipers.
 

Talking about piston material, the industry is segmented into phenolics, titanium, steel, and aluminum. Among these, titanium materials will develop at a lower growth rate over the forecast timeframe as they are costlier than other piston materials.
 

With respect to manufacturing process, gravity die casting, a long-lasting mould casting procedure, is expected to witness strong adoption. Its offers advantages such as possibility of low gas porosity and fine grain sizes.
 

From a regional standpoint, Latin America market will grow at a slower rate over the coming years owing to low count of vehicle manufacturing facilities in the region. However, rising automotive demand and car production in Mexico will create growth opportunities for business in this domain.
 

Considering the competitive landscape, ZF Friedrichshafen AG, ZF Wabco, Wilwood Engineering, Inc., Robert Bosch GmbH, TRW Automotive Holdings Corp., Tarox, Remy Automotive, Wenzhou LiBang Enterprise Co., Ltd., Mando Corporation, Knorr-Bremse AG, K-sport Racing Co. Ltd., Continental AG are among the major companies influencing automotive brake caliper market trends.