Brake Caliper Global Market Report 2024

The brake caliper market size has grown steadily in recent years. It will grow from $11.39 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. Historic growth in the automotive industry can be associated with factors such as the implementation of stringent automotive safety regulations, advancements in automotive design, increased demand for high-performance vehicles, enhancements in manufacturing processes, and a focus on improving automotive performance.

The brake caliper market size is expected to see steady growth in the next few years. It will grow to $14.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The anticipated growth in the upcoming period is expected to result from the increasing adoption of electric and hybrid vehicles, a heightened demand for sustainable automotive components, the integration of sensor technology, and advancements in brake-by-wire systems. Significant trends in this forecasted period involve the development of efficiency-optimized caliper designs, compact and space-saving caliper configurations, customizable caliper solutions, the integration of brake health monitoring systems, and improved heat management in brake systems.

The anticipated growth in passenger vehicle sales is set to drive the expansion of the brake caliper market. Passenger vehicles, defined as self-propelled vehicles with a capacity of up to ten people, excluding the driver, rely on essential components such as the brake caliper to ensure reliable braking systems. The brake caliper applies pressure to the brake pads, facilitating the slowing or stopping of the vehicle. Notably, in March 2023, the European Automobile Manufacturers Association reported a notable 11.5% increase in passenger car registrations within the EU, rising from 719,783 units in 2022 to 802,763 units in 2023. This surge in passenger vehicle sales is a significant factor propelling the growth of the brake caliper market.

The growth trajectory of the brake caliper market is closely tied to the expansion of the automotive sector. The automotive sector encompasses a diverse range of activities related to the design, development, production, marketing, sale, and maintenance of motor vehicles. Brake calipers play a crucial role in vehicle braking systems, exerting pressure on the brake pads to generate friction against the brake rotor, enabling effective braking. The demand for brake calipers is integral to the automotive industry's overall growth. For instance, in January 2023, the Federal Chamber of Automotive Industries reported that automotive demand surpassed supply in the unusual year 2022, with 1,081,429 vehicles supplied. SUVs and light trucks accounted for a substantial 76.8% of total sales. This emphasizes how the expansion of the automotive sector significantly contributes to driving the brake caliper market.

Product innovation stands out as a prominent trend shaping the brake caliper market, with major companies actively focusing on developing innovative products to secure their positions. An illustrative example is Continental, a Germany-based automotive parts manufacturing company, which introduced the Green Caliper in November 2022. Specifically designed for disc brakes in electric vehicles, the Green Caliper boasts a unique design that enables weight savings of up to two kilograms per brake caliper and an additional three kilograms per brake disc. This innovation, with a reduced mass of brakes as low as five kilograms per brake, combined with decreased friction between the brake pad and disc, contributes to extending the range of electric cars. Continental's targeted research to address the specific needs of brake systems in electric vehicles has led to this significant advancement.

Major players in the brake caliper market are strategically investing to expand their production facilities. These investments are geared towards enhancing production capacity, reducing production time, and elevating the overall quality of brake calipers. Notably, Robert Bosch GmbH, a prominent Germany-based technology and engineering company, announced a substantial investment of US$283.2 million in March 2023 for the development of its facility in Aguascalientes, Mexico. This investment, part of the plant's 30th-anniversary celebrations, is expected to reach approximately US$84 million and will result in the creation of 400 new jobs. The expansion will focus on manufacturing electronic parking brakes (EPB) for major automakers such as BMW and Nissan. The facility already plays a crucial role in producing cutting-edge brake aid systems, including iBooster, ABS, and ESP, employing over 1,100 workers. This strategic investment underscores the commitment of major companies to meeting the growing demand for brake calipers by leveraging advanced technologies and expanding production capabilities.

In April 2022, BBB Industries LLC, a prominent US-based automotive manufacturer, successfully acquired Budweg Caliper A/S for an undisclosed sum. This strategic acquisition marks a significant stride for BBB Industries in its mission to extend its range of brake calipers across Europe and expand its remanufacturing presence in the region. Budweg Caliper A/S, headquartered in Denmark, specializes in the remanufacturing of brake calipers.

Major companies operating in the brake caliper market report are Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Aisin Seiki Co. Ltd, TRW Automotive Holdings Corp.,Knorr-Bremse AG, HL Mando Corporation, Brembo SpA, Bendix Commercial Vehicle Systems LLC, Cardone Industries Inc., Akebono Brake Industry Co Ltd., Haldex AB, FTE Automotive GmbH, MAT Foundry Group Ltd., Advics Co. Ltd., TMD Friction Holdings GmbH, Power Stop LLC, Centric Parts Inc., Wilwood Engineering Inc., Sumitomo Corporation, ACDelco Corp, Ap Racing Limited, Alcon Components Limited, Brake Engineering, Baer Inc., Tarox Srl, Japan Brake Industrial Co Ltd., Nissin Brake Performance, Remsa S.A., Nakamoto Industrial Co. Ltd.

Asia-Pacific was the largest region in the brake caliper market in 2023. The regions covered in the brake caliper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the brake caliper market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary classifications of brake calipers include floating and fixed types. A floating brake caliper allows unrestrained movement on both sides in alignment with the brake rotor between the pads. These calipers are utilized in passenger cars, light commercial vehicles (LCV), two-wheelers, and heavy commercial vehicles (HCV), featuring diverse piston materials such as aluminum, steel, titanium, and phenolics. These calipers are distributed through original equipment manufacturer (OEM) and aftermarket channels.

The brake caliper market research report is one of a series of new reports that provides brake caliper market statistics, including brake caliper industry global market size, regional shares, competitors with a brake caliper market share, detailed brake caliper market segments, market trends and opportunities, and any further data you may need to thrive in the brake caliper industry. This brake caliper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The brake caliper market consists of sales of brake drums, brake hoses, wheel brake cylinders, and handbrake cables. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.