Automotive Carbon Ceramic Brakes Market to Surpass US$ 705.7 Million by 2026 - Coherent Market Insights

Published On : Jul 03, 2019

The Global Automotive Carbon Ceramic Brakes Market was valued at US$ 318.9 million in 2018, and is projected to reach US$ 705.7 million by 2026, exhibiting a CAGR of 10.3% over the forecast period, according to the Global Automotive Carbon Ceramic Brakes Market Report, by Product Type (Drum Brakes, and Disc Brakes), by Sales Channel (OEMs, and Aftermarket), by Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicles (HCV)), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), published by Coherent Market Insights.

Braking systems which comprise brake discs made from ceramic material, are known as ceramic brakes. Carbon ceramic is also utilized in the manufacturing of brake pads, and is considered as a superior material for brake manufacturing. Carbon ceramic brakes are made of carbon composite ceramic fibers, which consist of silicon carbide reinforced on the walls of carbon fibers.

The global automotive carbon ceramic brakes market is likely to expand significantly during the forecast period owing to various advantages of ceramic brakes over the conventional cast iron brakes. Carbon ceramic brakes possess high braking efficiency and have a longer lifespan as compared to brakes made from other material. Furthermore, carbon ceramic brakes are utilized in the premium segment vehicles and are expected to penetrate in lower-segment vehicles during the forecast period. Carbon ceramic disc brakes are considerably lighter in weight than conventional cast iron brakes, which reduces the unsprung weight of the vehicle, which eventually helps to enhance fuel economy of the vehicle. Moreover, carbon ceramic brakes are highly expensive and generate large amount of heat, which can destroy the adjacent brake components if mounted along with the usual braking system.

To know the latest trends and insights prevalent in global automotive carbon ceramic brakes market, click the link below:

https://www.coherentmarketinsights.com/market-insight/automotive-carbon-ceramic-brakes-market-2794

Browse 60 market data tables* and 40 figures* on "Global Automotive Carbon Ceramic Brakes Market” - Global forecast to 2027.

Key Trends and Analysis of the Global Automotive Carbon Ceramic Brakes Market:

  • The demand for luxury and sports cars globally is constantly evolving to launch better automotive technologies, encouraged by the growing economy as well as better infrastructure. Consumers give a high preference to technology, safety, comfort and convenience offered by vehicles, which is encouraging brakes manufacturers to adopt technologically advanced offerings. This trend has created intense competition among manufacturers, and is expected to result in increasing adoption of carbon ceramic brakes during the forecast period.
  • Among sales channel, OEMs segment is expected to be the fastest growing segment as compared to the aftermarket segment, owing to high durability and low maintenance of the product. At present, OEM brakes are limited to supercars and luxury passenger cars. For instance, Brembo SGL supplies carbon ceramic brake systems to luxury and sports car manufacturers such as, Ferrari, Lamborghini, McLaren, VW, Nissan, Audi, Porsche, Aston Martin, Lexus, and others.
  • However, aftermarket carbon ceramic brakes are likely to damage adjoining components of the braking system since they generate a large amount of heat in a vehicle’s braking system. Consequently, preinstalled parts of the brake which are not made from carbon ceramic cannot sustained high temperatures. Moreover, the high cost required for maintenance as well as installation of carbon ceramic brakes are likely to hamper growth of the aftermarket segment of the automotive carbon ceramic brakes market.

Key Takeaways of the Market:

  • On the basis of geography, the global automotive carbon ceramic brakes market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. According to Coherent Market Insights, Western Europe dominated the global automotive carbon ceramic brakes market with a 41.6% value share in 2017, and is expected to remain dominant throughout the forecast period. Furthermore, the growing automotive industry and incorporation of automotive carbon ceramic brakes by high-end luxury and sports car manufacturers is expected to drive growth of the automotive carbon ceramic brakes market in Europe. For instance, production of sports cars in Germany increased by 2.8% in 2015 to 17,2466 units, compared to 16,7712 units in 2014, according to Verband der Automobilindustrie (VDA) – German Association of the Automotive Industry.
  • Some of the major players operating in the global automotive carbon ceramic brakes market are 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 among others.

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