Automotive Carbon Ceramic Brakes Market – Insights
Automotive carbon ceramic brakes or ceramic composite brakes are made up of ceramic fibers, filler material and bonding agents. Moreover, these brakes may have small amounts of copper fibers. These kind of brakes are mostly used in high performance vehicles.
Advantages of automotive carbon ceramic brakes over other brakes such as iron or steel brakes are fueling growth of the global automotive carbon ceramic brakes market. Automotive carbon ceramic brakes provides great braking performance over the other brakes due to its ceramic properties. Properties of ceramic compounds helps to reduce heat and provide faster recovery after braking which helps the vehicle to maintain a strong performance even after repeated braking. Moreover, compared to other brakes automotive carbon ceramic brakes produce less amount of dust which is light in color and cannot stick to the wheels of the vehicle. In comparison with other brakes, automotive carbon ceramic brakes are durable, reliable, light weight and prevent corrosion. Automotive carbon ceramic brakes offer outstanding performance in both wet and dry conditions.
The increasing demand of luxurious as well as high performance vehicles from brands such as Lamborghini, Ferrari, Audi, BMW, Mercedes, GM Corvette, Porsche, Bugatti, and Bentley among others is propelling growth of the automotive carbon ceramic brakes market. The automotive carbon ceramic brakes are preferred by various manufacturers of luxurious and high performance vehicles owing to the properties that carbon ceramic possess. Suppliers of carbon ceramic brakes include Brembo S.p.A, SGL Carbon, MAT Foundry Group Ltd., AKEBONO BRAKE INDUSTRY CO., LTD., Carbon Ceramics Ltd, Rotora, Surface Transforms PLC, Fusion Brakes, LLC, EBC Brakes, RB Performance Brakes, Wilwood Engineering, Inc. and Baer Brakes. For instance, Brembo SGL Carbon Ceramic Brakes S.p.A. is a leading producer of carbon ceramic discs, and supplies these components to reputed brands such as Ferrari, Maserati, Alfa Romeo, Audi, Bugatti, Aston Martin, Corvette, Nissan, Lexus, Bentley, Lamborghini, McLaren, Volkswagen, Porsche, and AMG.
Moreover, the expanding automotive industry is expected to propel growth of the automotive carbon ceramic brakes market over the forecast period. Manufacturers are increasing investments in the automobile industry in order to improve performance, reliability, durability, and safety of the vehicle by introducing new features. The braking system of the vehicle is highly related to the reliability and safety of the vehicle. Since brakes comprise an important role in the performance of the vehicle, growth of the automotive industry is expected to drive demand for automotive carbon ceramic brakes. Automotive carbon ceramic brakes are also used in motorcycles, passenger cars, light commercial vehicle (LCV), and heavy commercial vehicles (HCV). According to the State Of The U.S. Automotive Industry report, 2018, and the American Automotive Policy Council (AAPC) report in August 2018, auto sales in the U.S. have increased by more than 67% since the 2009 (from 10.4 million to 17.4 million). Projected sale of cars will exceed 16.8 million vehicles per year through 2025. U.S. auto production has more than doubled during the same period (from 5.6 million vehicles in 2009, to 11.3 million vehicles in 2017). U.S. auto production is expected to exceed 11.5 million vehicles per year through 2021, and reach 12 million by 2025.
Furthermore, increasing disposable income has led to increase in the sales of luxury and sports cars, which in turn is estimated to drive growth of the automotive carbon ceramic brakes market.
On the basis of region, automotive carbon ceramic brakes market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe automotive carbon ceramic market contributed the largest market share, owing to growth in the automotive market. For instance, in 2018, Germany based car brands, Volkswagen, BMW, Mercedes-Benz and Porsche recorded the following sales worldwide 1) Volkswagen produced 5,823,400 cars in 2015, and in 2019 the production reach 6,244,900 cars. 2) BMW produced 1,905,234 cars in 2015, and in 2019 the production reached 2,125,026 cars. 3) Mercedes Benz produced 1,871,511 cars in 2015, and in 2019 the production reached 2,310,185 cars. 4) Porsche produced 225,100 cars in 2015, and in 2019 the production reached 256,255 cars.
Source: Coherent Market Insights 2018-2019
Key Players in the Global Automotive Carbon Ceramic Brakes Market:
Some of the key players operating in the global automotive carbon ceramic brakes market include Brembo S.p.A, SGL Carbon, MAT Foundry Group Ltd., AKEBONO BRAKE INDUSTRY CO., LTD., Carbon Ceramics Ltd, Rotora, Surface Transforms PLC, Fusion Brakes, LLC, EBC Brakes, RB Performance Brakes, Wilwood Engineering, Inc. and Baer Brakes.
Automotive carbon ceramic brakes are the new version of fixed caliper disc brakes used in high-performance vehicles and supercars. They are also known as ceramic composite brakes, and created from a mix of powders, fibers, and resins. A carbon-ceramic brake is developed in three main stages: numerical modeling, construction and testing of prototypes, and testing on an actual car. The advantages of carbon ceramic brakes include improved braking response, higher fading stability and directional stability, prevention of brake dust, high thermal stability, corrosion resistance, and wear resistance which ensure a long disk brake life.
Advancements in automotive braking systems and ongoing deployment of carbon ceramic brakes by numerous manufacturers of premium and luxury cars are major factors aiding growth of the global automotive carbon ceramic brakes market. Moreover, increasing automotive sale worldwide and increasing demand for carbon ceramic brakes for passenger and commercial vehicles, which offer benefits such as high temperature tolerance, lighter weight and increased product life, are some of the other key factors that are expected to drive growth of the global automotive carbonic ceramic brakes market during the forecast period (2019 – 2027). However, high cost of carbon ceramic brakes is likely to restrain growth of the global automotive carbon ceramic brakes market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Content
Research Objectives and Assumption
Market Dynamics, Regulations, and Trends Analysis
Global Automotive Carbon Ceramic Brakes Market, By Brake Type, 2017 - 2027 (US$ Million)
Global Automotive Carbon Ceramic Brakes Market, By Sales Channel, 2017 - 2027 (US$ Million)
Global Automotive Carbon Ceramic Brakes Market, By Vehicle Type, 2017 - 2027 (US$ Million)
Global Automotive Carbon Ceramic Brakes Market, By Geography, 2017 - 2027 (US$ Million)
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.