Automated Carbon Ceramic Brakes Market Analysis and Forecast 2020: By Keyplayers Brembo SGL Carbon Ceramic Brakes, Fusion Brakes LLC, Surface Transforms Plc, Akebono Brake Industry Co. Ltd., Carbon Ceramics Ltd, and Rotora Inc.

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Market Overview

Carbon ceramic brakes also referred as ceramic composite brakes are used in supercars and high performance vehicles. Ceramic carbon brake pads do not wear down as fast as regular brake pads, due to their material composition. There are two types of brakes namely drum and disc brakes. Carbon ceramic brakes are typically used in disc brakes and are relatively lightweight, thus find applications in super and luxury cars. The carbon ceramic brakes offer various advantages such as it offers weight reduction up to 65%, less noise, easy maneuverability, less vibration, and resistant to corrosion.

The global automotive carbon ceramic brakes market is estimated to account for US$ 353.2 Mn in terms of value by the end of 2019

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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.

Market Dynamics- Drivers

1. Growing demand for luxury and high performance vehicles is expected to drive growth of the Global Automotive Carbon Ceramics Brakes Market during the forecast period

Automotive carbon ceramic brakes are more expensive than conventional cast iron discs and cost around four times more. These brakes are majorly used in luxury cars such as Porsche, Bentley, Bugatti, Mercedes, Lamborghini, Ferrari, GM Corvette, and more. These brakes are efficient in dissipating heat, maintain consistent performance, and prevent deformation. For instance, the joint venture between SGL Carbon and Brembo S.p.A predicts that demand for carbon ceramic brakes is expected to increase once manufacturers find a way to reduce cost associated with its production. Brembo SGL venture provides carbon ceramic brakes to Aston Martin, Audi, Ferrari, Porsche, McLaren, Volkswagen, Lexus, and many others. According to Coherent Market Insights’ analysis, automotive carbon ceramic brakes are expected to witness significant demand in Europe and NAFTA region, owing to high demand for luxury and sports cars in the region.

2. Significant advantages offered by carbon ceramic brakes over traditional brakes are expected to propel the Global Automotive Carbon Ceramics Brakes Market growth over the forecast period

Carbon ceramic brakes offer significant advantages over traditional brakes such as less weight. In fact, carbon ceramic brakes’ weight is around half of cast iron brakes, which when computed with four rotors equal to a difference of around 30 pounds. This reduced weight helps to improve performance of the vehicle and produces less noise while braking. Moreover, different parts of carbon ceramic brakes are not susceptible to wear & tear and corrosion as compared to regular brake pads, which in turn, is expected to boost the market growth in the near future.

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Market Opportunities

1. Establishment of new plants are expected to pose lucrative growth opportunities for market players

Key companies in the market are focused collaborating across value chain and other similar firms, in order to manufacture carbon ceramic brakes. This is expected to offer significant opportunities for market players to enhance their technology and customers to get competitive prices. Moreover, the joint ventures aim to efficiently utilize resources and reduce the development cost to avoid forgery in similar areas. For instance, in May 2016, Brembo SGL Carbon Ceramic Brakes acquired 66% stakes of ASIMCO Emiliano Braking Systems, a China-based braking discs manufacturer.

2. Strict emission norms in Asia and NAFTA region is expected to offer excellent business opportunities in the near future

In order to curb pollution, regulatory bodies are imposing heavy fines on automotive manufacturers, which has compelled them to reduce the weight of vehicles. This could offer significant growth opportunities for market players by offering novel carbon ceramic brakes. For instance, India follows BS VI emission standards for SI (spark ignition) and CI (compression ignition). Moreover, Japan has implemented strict regulatory policies for emission on buses and trucks.

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Market Trends

1. Growing sales of luxury and sports cars
OEMs in the market are introducing luxury as well as sports car integrated with carbon ceramic brakes that yield better performance and durability. Penetration of luxury cars has increased in such as the U.K., Germany, India, Brazil, Germany, China, and Japan. Acceding to Germany Association of Automotive Industry, sports model production in Germany increased by 2.8% in 2015, to reach 172,466 units.

2. Growing trend of custom-made vehicle in developed countries

There is a huge preference for customized vehicles in developed countries such as the U.S., Germany, Japan, and the U.K. Vehicle owners buy carbon ceramic brakes from aftermarket and upgrade the performance of vehicle, which is expected to boost the market growth in the near future.

Detailed Segmentation:

• Global Automotive Carbon Ceramic Brakes Market, By Vehicle Type:
â—¦ Passenger Car
â—¦ Light Commercial Vehicle (LCV)
â—¦ Heavy Commercial Vehicle (HCV)

• Global Automotive Carbon Ceramic Brakes Market, By Sales Channel:
â—¦ Original Equipment Manufacturer (OEM)
â—¦ Aftermarket

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This release was published on openPR.