The “Global Automated Carbon Ceramic Brakes Market, by Vehicle Type (Passenger Cars, LCV, and HCV), by Sales Channel (OEM, and After Market) and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 705.7 million by 2027, witnessing a CAGR of 10.3% during the forecast period (2019-2027), as highlighted in a report published by . Overview Carbon ceramic brakes are made from carbon ceramic composites, which are a version of caliper disc brakes. Carbon ceramic brakes are lightweight, offer efficient performance, resistance to corrosion and wear & tear, and easy maneuverability as compared to conventional cast iron brakes. These brakes find applications in numerous industries such as automotive, aircraft, motorcycle, rolling stock, and more. In automotive industry, they are used in LCVs, HCVs, and passenger vehicles. Moreover, automotive carbon ceramics are majorly installed in luxury and sports cars to accommodate high performance. The global automotive carbon ceramics brakes market is estimated to account for US$ 353.2 Mn in terms of value by the end of 2019. Market Driver
Governments of various countries have imposed strict regulatory policies on car manufacturers to reduce air pollution. This has compelled them to reduce the weight of car by using lightweight components and materials. Automotive carbon ceramic brakes are one of those materials that lighter than conational cast iron brakes and reduce overall weight by around 30 pounds. This improves car’s performance as well as durability. For instance, Corporation Average Fuel Economy (CAFÉ) and Environmental Protection Agency (EPA) are imposing heavy fines on automakers who do not comply with the standards. Euro 6 regulations set different emission standards for diesel and petrol cars. For diesel cars, permissible level of NOx emission is 80 mg/km and for petrol is 60 mg/km. This, in turn, is expected to drive the market growth over the forecast period. Market Opportunity Increasing research and development activities in carbon ceramic braking is expected to offer lucrative growth opportunities for market players Various major players in the market are focused on developing cost-effective products with value-added content. Carbon ceramic brakes are more expensive than conventional cast iron brakes, thus, key players are providing novel technology at competitive prices. Moreover, OEMs are developing alternative powertrain technologies, which in turn, is expected to excellent growth opportunities for market players in the near future. Market Restraint Intense competition among key players and rapidly changing technology are expected to hinder the Global Automotive Carbon Ceramics Brakes Market over the forecast period The technology in this industry is changing rapidly with key players introducing novel products. Such products offer better efficiency, durability, and performance than their contemporaries and predecessors. Such rapid innovations replace the existing products, eventually making them obsolete, which is expected to hinder the market growth in the near future. Moreover, introductions of novel technologies are expected to increase the competition among market players thereby hampering the market growth. Market Trends
Although not all cars use carbon ceramic brakes, certain automakers such as Ferrari have opted to use carbon ceramic brakes on their models. This is primarily due to OEMs offering it as an optional feature. Moreover, prominent brake manufacturer offer customized solutions to attract customers. For instance, Brembo S.p.A (Italy) offers customized design for customers to install carbon ceramic brakes. Customers can customize the color and technical function of the brakes.
Luxury and sports cars have witnessed significant demand in the recent past from Germany, India, China, Japan, Brazil, and the U.K. OEMs in the market are launching models with integrated carbon ceramic brake system for durability and better vehicle performance. This, in turn, is expected to boot the demand for automotive carbon ceramic brakes in the near future. Competitive Section Key players operating in the Global Automotive Carbon Ceramics Brakes Market are Brembo SGL Carbon Ceramic Brakes, Fusion Brakes LLC, Surface Transforms Plc, Akebono Brake Industry Co. Ltd., Carbon Ceramics Ltd, and Rotora Inc. Key Developments
Segmentation Market Taxonomy:
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