Sluggish CAGR Projected for Automotive Brake Master Cylinder Market During 2018 – 2028
The automotive brake master cylinder holds the brake fluid to displace hydraulic pressure to rest of the brake system for controlling two separate subsystems, which are jointly activated by the brake pedal. The two separate subsystems may be supplied by a common reservoir or separate fluid reservoirs for the functioning of one, in case of major leak in the other system. In terms of sales channel, the aftermarket segment is expected to gain traction owing to availability of the products similar to the original equipment in terms of quality, which enable to make easy, fast fits, giving like-for-like replacement confidence.
Furthermore, provision of robust cast iron, aluminum, or steel brake cylinder, premium quality products, and a durable, protective, and environmental-friendly coating are estimated to attribute towards the growth of the aftermarket segment during the forecast period. Moreover, the latest trend towards the automotive brake master cylinder is the coating of cast iron or steel automotive brake master cylinders with the chrome 6-free ‘silver’ finish leading to less environment damage and longer lifespan. In terms of product type, introduction of portless master cylinder offers quicker brake release than the standard designs, which utilize a compensating port. Additionally, the quick-responding portless master cylinder works better with the ABS system or anti-lock braking systems, which use rapid pressure modulations to adjust braking force. The innovation and introduction in the field of brake system along with the growing automotive industry is estimated to drive the global automotive brake master cylinder market over the forecast period.
Automotive Brake Master Cylinder Market: Dynamics
Availability of lightweight master cylinder materials resulting in vehicle’s low weight with higher efficiency and better performance is estimated to attribute towards the significant growth of automotive brake master cylinder market during the forecast period. Furthermore, longer lifespan, high reliability, growing automotive industry in Asia Pacific, and the MEA, among other regions, are the driving factors for the global automotive brake master cylinder market. Moreover, tandem master cylinder consisting of more than one piston helps in giving more surface area for pressure application and thus increasing the load capacity, which is estimated to be the factor driving the growth of the automotive brake master cylinder market during the forecast period.
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However, besides these benefits, the global brake master cylinder market is estimated to witness other restraining factors such as remanufacturing of brake master cylinder that affects the new sales and life span, hampering the growth during the forecast period. Moreover, constant use of the master cylinder may result in wearing out of seals with internal leaks resulting in the spongy, and mushy pedal, which is further expected to hamper the growth of the automotive brake master cylinder market during the forecast period.
Automotive Brake Master Cylinder Market: Segmentation
The global automotive brake master cylinder market can be segmented on the basis of product type, vehicle type, and sales channel.
On the basis of product type, the global automotive brake master cylinder market is segmented into:
- Ported Tandem Cylinder
- Portless Master Cylinder
On the basis of vehicle type, the global automotive brake master cylinder market is segmented into:
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
On the basis of sales channel, the global automotive brake master cylinder market is segmented into:
- Original Equipment Manufacturer (OEM)
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Automotive Brake Master Cylinder Market: Regional Outlook
Asia Pacific is expected to dominate the global automotive brake master cylinder market in terms of revenue and volume as the demand for four-wheel and two-wheel drives is expected to gain popularity over the next decade in countries such as India, China, and South Korea. Western Europe, followed by North America, is expected to gain traction and show significant growth over the forecast period owing to increasing passenger car demand. Latin America and Eastern Europe automotive brake master cylinder markets are expected to show slow growth as the demand for two-wheel drive is expected to decline. The Middle East and Africa automotive brake master cylinder market is expected to show significant growth owing to adoption of advanced technologies related to four-wheel drives in countries such as UAE, Qatar, and Saudi Arabia.
Automotive Brake Master Cylinder Market: Key Participants
Examples of some of the key market participants in the global automotive brake master cylinder market are:
- Robert Bosch GmbH
- Rodova Co., Ltd
- TRW Automotive
- Endurance Technologies Limited
- Metelli S.p.A.
- CARDONE Industries
- Girling Ltd
- FTE automotive Group
- Federal-Mogul Motorparts LLC
- Brake Parts Inc.