Automotive Brake Caliper Market to Hit $25 Billion by 2024: Top Key Players Continental, ZF Group, Akebono Brake, Brembo, BWI Group
Automotive brake caliper market from PCVs are expected to account for highest revenue share, crossing 60% by 2024. Their proliferating production along with mandatory installation of brake calipers will primarily contribute towards the industry expansion. Moreover, increasing consumer expenditure has resulted in improved PCV sales, further supporting the industry dominance. Two-wheelers are likely to grow rapidly over the forecast timeframe owing to their substantial production, particularly in emerging economies.
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