The market for automotive multi-piston brake callipers is primarily driven by the rising need for effective braking systems, the rising number of new vehicle introductions, and strict emission regulations in various nations. Additionally, a rise in disposable income and increased awareness of road safety are anticipated to have a positive impact on the industry. Government programmes like tax rebates for cars with sophisticated braking systems are also helping the market expand.
Growing demand for effective braking systems, an increase in new vehicle introductions, and strict emission regulations in various nations are the main factors driving the automotive multi-piston brake calliper market. In addition, it is anticipated that rising disposable income and awareness of road safety will also help the industry. Additionally, government programmes like tax rebates for cars with sophisticated braking systems are contributing favourably to the market's expansion.
A braking system that uses many pistons to boost clamping forces and improve braking performance is known as a multi-piston brake calliper. They are frequently used in high-performance cars to improve stopping power and in lux, cars to improve aesthetics and design. Many vehicle manufacturers favour multi-piston brakes because they have better dynamic properties and pedal feel.
The Automotive Multi-piston Brake Calipers Market has recently seen a number of trends, such as a greater emphasis on lightweight solutions to increase fuel efficiency, the development of ceramic callipers that can dissipate heat more effectively while extending the life of callipers, and a rise in the use of electric brakes that are becoming more common due to their effectiveness in energy conservation. To satisfy the shifting needs of consumers, manufacturers are likewise concentrating on creating customised callipers.
The market for automotive multi-piston brake callipers is anticipated to increase at a CAGR of 7.0% from 2021 to 2031, from a value of USD 20.22 billion to USD 34.05 billion by the end of the forecast period.
This market is expanding as a result of rising demand for very effective braking systems, an increase in new vehicle introductions, and strict emission regulations in various nations.
The high cost of installation is the primary barrier in the market for automotive multi-piston brake callipers. The expenditures of repair and upkeep for these parts also add to the overall cost of ownership. Moreover, the development of this sector is slowed down by technical developments like electric brakes. Another element impeding the market's expansion is the accessibility of inexpensive brake callipers from developing nations. The development of new materials and coatings for brake callipers, however, will expand market potential.
Some of the major players in the global automotive multi-piston brake callipers market include Continental AG, Akebono Brake Industry Co. Ltd, Brembo S.P.A., Federal-Mogul Corporation, Nissin Kogyo Co., Ltd., Wilwood engineering Inc., Robert Bosch GmBH, Delphi Automotive LLP, TRW Automotive Inc., and ZF Friedrichshafen AG. To achieve a competitive edge in the market, these organisations have used a variety of techniques, including product launches and mergers and acquisitions.
The 4 Piston Segment emerged as the Most Lucrative Type
Market segments for automotive multi-piston brake callipers include (2 Piston, 4 Piston, 6 Piston, and Others). Due to its higher stopping power and improved design, the 4-piston sector is predicted to dominate the market. The increasing demand for premium cars, which frequently have multi-piston callipers, is another reason for boosting this market.
The Most Prominent Application is the Passenger Vehicle Segment
Applications make up the market segments (Passenger Vehicles, Commercial Vehicles). Due to their rising production and sales throughout the world, passenger vehicles including automobiles and SUVs are predicted to account for a sizable portion of the industry. New safety rules and pollution standards have been implemented, which is another element boosting this market's growth.
The Asia Pacific Region to render Ample Financing Opportunities
The Automotive Multi-piston Brake Calipers Market can be divided into five regions: North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Because of rising vehicle production in China and India, Asia Pacific is anticipated to hold a significant portion of the market among these regions. Its expansion is also anticipated to be aided by rising consumer spending power in nations like South Korea and Japan.
COVID-19 Impact and Market Status
One of the sectors harmed by the COVID-19 pandemic is the market for automotive multi-piston brake callipers. Vehicle component production and sales have fallen as a result of supply chain disruptions, factory closures, and decreasing demand, which has hindered the expansion of this market. The market is, however, steadily rebounding thanks to increased government initiatives to boost economic activity in a variety of industries.
Recent Developments in the Automotive Multi-piston Brake Calipers Market
• The new brake calliper series from Delphi Technologies, created especially for the North American market, was unveiled in January 2019. The manufacturer asserted that the product's lightweight construction contributes to improved fuel economy and lower vehicle emissions.
• ATE introduced a three-piston calliper for the Porsche 911 in May of 2019. (992). To handle the additional braking forces produced by the two electric motors in the vehicle series, this calliper was created.
• AP Racing announced an improvement to its CP8510 four-piston brake calliper in March 2020. This calliper is made of an aluminium alloy, which performs better than callipers made of cast iron or steel since it is lighter in weight.
• Akebono introduced a new six-piston brake calliper in May 2020. This product has been tested to withstand severe temperatures and is intended to support heavy-duty applications.
• ROUSH Performance unveiled a new two-piston calliper for Ford F-150s in June 2020. The product is meant to provide the better stopping power and less brake fade.
• For the Ford F-150 Raptor, Brembo unveiled a new brake calliper system in May 2021. The new callipers have been engineered to be lighter and offer better braking performance.
• Nissin Kogyo updated its four-piston brake callipers, which are used in the Toyota Corolla, in March 2022. Weight reduction and improved braking performance are the goals of the new design.
Automotive Multi-piston Brake Calipers Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 34.05 billion|
|Growth Rate||CAGR of 7.0% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Continental AG, Akebono Brake Industry Co. Ltd, Brembo S.P.A., Federal-Mogul Corporation, Nissin Kogyo Co., Ltd., Wilwood engineering Inc., Robert Bosch GmBH, Delphi Automotive LLP, TRW Automotive Inc., and ZF Friedrichshafen AG.|
Key Segments of Automotive Multi-piston Brake Calipers Market
Type Overview, 2021-2031 (USD Billion)
• 2 Piston
• 4 Piston
• 6 Piston
Application Overview, 2021-2031 (USD Billion)
• Passenger Vehicle,
• Commercial Vehicle
Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
• Middle East and South Africa