Automotive Industry to drive the Global Automotive brake caliper Market during the forecast period, and anticipated to grow at more than 3.0% CAGR
Automotive brake calipers continues to witness lucrative opportunities across the countries on the backdrop of the increasing number of the motor vehicles and automotive aftermarket industries worldwide. Moreover, the growth in the automotive industry has influenced the adoption of the advanced autonomous braking solutions owing to the increasing demand for high quality and reliable automotive brake calipers from the consumer. The trending convergence of materials & protective brake plates for the braking systems which have more adoption rate and is further anticipated to create remunerative growth opportunities for automotive brake caliper market.
A recent Fact study foretells the automotive brake caliper market to record an expansion at 3.10% over the forecast period (2018 – 2027). Automotive brake caliper continues to witness increased demand from automotive industry. However promotional buyers demand has impressive growth in some of the regions.
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Automotive brake caliper for PCV vehicle type segment are Estimated to be the Most Lucrative Market in the automotive brake caliper
The demand for automotive brake caliper for PCV vehicle type segment is estimated to grow at a significant rate and is projected to reach more than US$ 2.0 Bn by 2027 end. The Automotive brake caliper for HCV vehicle segment is growing at a relatively slower pace as compared to other automotive brake caliper vehicle segment. The slow growth in the HCV Automotive brake caliper in the market is due to the long product lifecycle and the availability in the market globally. Though the Automotive brake caliper for LCV vehicle segment has maximum work piece diameter, which is used in various light commercial vehicle. Therefore, it holds more than 30% share in terms of value in 2018.
APEJ: Market Leader in the automotive brake caliper
The Automotive brake caliper market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). Among these, APEJ automotive brake caliper market is expected to hold favorable growth in terms of CAGR over the forecast period. In terms of value, the APEJ market is anticipated to hold a prominent share of the market by 2027. The market for automotive brake caliper is estimated to grow at a significant CAGR of more than 3.6% and will represent a total incremental opportunity of over thousand millions in terms of value during the forecast period.
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