Caliper Market and Technology Advancement Report
Chassis technology is responsible for a vehicle’s overall performance in terms of dynamics, safety, and fuel efficiency—in short, a key contributor to a vehicle’s competitive performance. Furthermore, through the use of advanced materials, it has a significant role to play in reducing carbon dioxide output.
IHS Markit’s Chassis Service provides insight, context, data, and analytics for the key chassis components—braking, steering, suspension, and tires. Users can quickly access key insights from market developments, put context around events and technology trends, dive into deep data and forecasts, and seamlessly drive analytics to support their most challenging decisions.
About this report
While vehicles were previously stopped with the help of mechanical drum brakes, higher safety and efficiency standards have dotted today’s automotive sector with disc brakes. Existing since the early 1900s, today’s disc brakes have come a long way in terms of performance, stopping distance, handling, and wear—primarily by increasing the number of pistons they carry. Number of pistons in a caliper can range from one, to as many as eight, particularly in vehicles with high power engines or race cars. In fact, motor sport vehicles have significantly driven improvements in brake caliper technology. Without motor sport, such developments would have been delayed.
The global caliper market in 2016 consisted of about 25 suppliers serving just over 70 automakers. Continental, ZF TRW, Akebono, and Mando made up just over 50% of the global caliper market in 2016, and this is expected to remain unchanged through 2022, although relatively smaller suppliers such as Brembo are expected to gain market share as technological advancement drives demand for their products.
On the customer side, the OEM sourcing structure is relatively concentrated, with Toyota, Volkswagen (VW) and Renault/Nissan being the biggest brake caliper clients globally as of 2016 in terms of demand volumes. Top OEMs such as VW, sourced more than USD1 billion worth of calipers in 2016, while business generation for a single supplier such as ZF TRW went up to USD2.6 billion. IHS Markit expects OEMs to spend up to USD13.5 billion in 2017 to meet their caliper demand, which is likely to reach about USD16 billion by 2022.
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