Market Forecast By Vehicle Type (Passenger Cars, Commercial Vehicles, Two-wheelers), By Caliper Type (Fixed, Floating/Sliding), By Piston Material Type (Aluminum, Steel, Titanium, Phenolics), By End User (OEM, Aftermarket) And Competitive Landscape
Product Code: ETC361990 | Publication Date: Nov 2022 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
France Automotive Brake Caliper Market is forecast to grow attributed to the increasing popularity of hybrid and electric vehicles, as well as the increasing demand for high-performance and safety braking systems. There are several factors that are expected to drive the growth of the France Automotive Brake Caliper Market over the next five years. One such factor is rising demand for safety and fuel efficiency in vehicles across different segments globally. Another reason is increasing adoption of electronic driving systems in passenger cars, SUVs, and commercial vehicles which results in improved fuel efficiency. Furthermore, government initiatives such as electrification of transportation are also expected to drive market growth over the next five years.
However, potential market hurdles include stringent regulations pertaining to quality standards and product certifications, high cost associated with manufacturing these products in France, and high competition from other countries.
According to 6Wresearch, France Automotive Brake Caliper Market is expected to grow during 2022-2028. The Europe Automotive Brake Caliper Market is expected to grow in the years to come and the growth is mainly attributed to the increasing demand from the automotive industry for high-quality brakes. Also, the Rising demand for high-quality and reliable brakes among vehicle owners and operators is expected to drive the market growth. Other factors that are fuelling the market growth include rising safety standards and increased customer demand for improved braking performance.
There are several factors that are contributing to the France Automotive Brake Caliper Market Growth which include increasing demand for safer and more efficient vehicles, growing trend of hybrid and electric vehicles, Rising cost of components, especially brake systems and Growing popularity of aftermarket services.
Some restraints on the growth of France Automotive Brake Caliper industry include increasing expenditure on R&D activities by automakers, which could hamper product innovation, stringent safety norms that require higher performance from automotive braking systems, and limited availability of qualified personnel.
During the COVID-19 outburst, the production of Automotive Brake Caliper was relatively lower owing to the restrictions imposed by the government and social distancing norms. It negatively impacted the France Automotive Brake Caliper Market size and results in decreasing market shares. Production houses and various manufacturing units were shut down on temporary basis and manpower was restricted to control the spread of deadly virus. Consequently, the COVID-19 pandemic period showcased a steady downfall in automotive sales.
By Vehicle Type, market is segmented into Passenger Cars, Commercial Vehicles, and Two-Wheelers. The consumers can opt for the vehicle type as per their requirements.
By Caliper Type, market is diverged into Fixed and Floating/Sliding. Fixed Caliper Type are expected to be high in demand and held the largest France Automotive Brake Caliper Market share owing to its advantage of reducing weight of the vehicles.
By Piston Material Type, market is segmented into Aluminum, Steel, Titanium and Phenolics. Each material type is frequently used in various sort of vehicles depending on the prerequisites.
Some of the key players in the France Automotive Brake Caliper Market are
The major market players are engaged in various marketing and promotional activities such as product launches, partnerships, and acquisitions to strengthen their position in the market. Some of the key strategies adopted by these companies include increasing production capacities, expanding distribution channels, and enhancing R&D capabilities.
The report offers a comprehensive study of the subsequent market segments: