Introduction
Automotive carbon ceramic brakes, also known as ceramic composite brakes, are a version of fixed caliper disc brakes used in high-performance vehicles and supercars. In similar driving conditions, carbon ceramic brake pads will not wear down as fast as regular brake pads, owing to their material composition.
Automotive carbon ceramic brakes are predominantly used by OEMs or high-end car manufacturers. The global automotive carbon ceramic brakes market was valued at US$ 234.2 Mn by 2017 end and is expected to expand at a CAGR of 10.9% over the forecast period.
Drivers and Trends
The global automotive carbon ceramic brakes market is expected to witness a substantial growth rate in the coming years. Increasing demand for high performance and luxury vehicles across the globe is estimated to drive the growth of the automotive carbon ceramic brakes market. Automotive carbon ceramic brakes cost four times more as compared to cast iron discs. They are predominantly found in high-end luxury cars or sports cars such as Porsche, Audi, Bugatti, Bentley, Lamborghini, Mercedes, Ferrari, GM Corvette and others.
Attributing to the increasing purchasing power among people and increasing demand for high-performance vehicles, people are opting for automotive carbon ceramic brake systems. Automotive carbon ceramic brakes help dissipate heat far more efficiently, maintain performance and prevent deformation.
As per FMI analysis, the demand for automotive carbon ceramic brakes will be relatively high in Europe and the NAFTA region as compared to that in Asian countries, owing to the high demand for luxury and sports cars in these regions.
Market Segmentation
On the basis of sales channel, the global automotive carbon ceramic brakes market has been segmented into Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES) and Independent Aftermarket (IAM). The OEM segment accounted for an 87.5% value share in 2017 and is expected to expand at a significant CAGR over the forecast period.
On the basis of vehicle type, the global automotive carbon ceramic brakes market has been segmented into passenger cars and commercial vehicles. Revenue from the passenger cars segment accounted for a 99.2% value share in 2017 and is expected to expand at a CAGR of 10.9% over the forecast period.
Key Regions
On the basis of geography, the global automotive carbon ceramic brakes market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, China, South East Asia & Others, Middle East and Africa. Western Europe dominated the market with a 41.4% value share in 2017 and is anticipated to remain dominant throughout the forecast period. Growth of the automotive sector and incorporation of automotive carbon ceramic brakes by high-end car manufacturers are slated to drive the growth of the automotive carbon ceramic brakes market.
Thus, the global automotive carbon ceramic brakes market is expected to witness significant growth over the forecast period. The SEA region is expected to emerge as a lucrative region in terms of CAGR over the forecast period.
Key Players
Some of the key stakeholders in the automotive carbon ceramic brakes market have been profiled in the report
Carbon Ceramic Brakes Manufacturers: The increasing need for automotive carbon ceramic brakes is compelling prominent automotive carbon ceramic brakes manufacturers to expand their business through international distributors. Brembo S.p.A., Surface Transforms Plc, MAT Foundry Group Ltd., Akebono Brake Industry Co., Ltd. and Rotora, among others are some of the key players in the global automotive carbon ceramic brakes market.
Car Manufacturers: The report also provides company information and related data for car OEMs such as Ferrari N.V., Apollo Automobil GmbH (Gumpert), Automobili Lamborghini S.p.A. (Lamborghini), Maserati S.p.A. (Maserati), Bugatti Automobiles S.A.S. and Bentley Motors Limited, among others.
Carbon Ceramic Brakes Factory Tunners: Some of the Automotive Carbon Ceramic Brakes Factory tunners included in the report are Audi AG, Volkswagen of America, Inc., Carroll Shelby International, Inc., Nissan Motorsports International Co., Ltd., among others.
Carbon Ceramic Brakes Brand Tunners: Some of the Automotive Carbon Ceramic Brakes Brand tunners included in the report are ALPINA Burkard Bovensiepen GmbH + Co. KG, BRABUS GmbH, ABT Sportsline GmbH, TECHART Automobildesign GmbH, among others.
Carbon Ceramic Brakes Independent Tunners: Some of the Automotive Carbon Ceramic Brakes Independent tunners included in the report are AC Schnitzer, Mansory, Hennessey Performance Engineering, DeLorean Motor Company, among others.
Automotive Carbon Ceramic Brakes: Key Segments Covered
By Sales Channel
- Original Equipment Manufacturer (OEM)
- Original Equipment Supplier (OES)
- Independent Aftermarket (IAM)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Buses & Trucks
- Off-road Vehicles
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- China
- Japan
- South East Asia & Others (SEA)
- Middle East & Africa (MEA)
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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