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Automotive Carbon Ceramic Brakes Market is projected to reach USD 722.5 Million in 2029 at a CAGR of 9.56%: Cognitive Market Research
Automotive Carbon Ceramic Brakes Market is projected to reach USD 722.5 Million in 2029 at a CAGR of 9.56%: Cognitive Market Resea
Read Full Report with Table of Contents : https://www.cognitivemarketresearch.com/automotive-carbon-ceramic-brakes-market-report
Carbon ceramic brakes are referred to as automotive disc braking systems which are generally used for high-performance vehicles. The carbon ceramic brakes are manufactured from carbon fiber mixed with an epoxy binder and silicon. Automotive carbon ceramic brakes are been preferred more owing to the several associated advantages including unparalleled braking performance, brake fades resistance, and better handling of the vehicles. Moreover, they are extremely durable, comparatively lightweight, and have higher longevity.
• The increasing popularity of ceramic brakes in racing cars and high-performance cars is driving the growth of the market
Carbon ceramic discs are light in weight which helps to reduce the weight of cars and increases their potential speed, ride, handling/control, and fuel efficiency.
Moreover, the resistance to very high temperatures, superior braking power, and consistent performance in extreme conditions are among the factors which drive the adoption of automotive carbon ceramic brakes in racing and high- performance cars.
• The increasing popularity of ceramic brakes in racing cars and high-performance cars is driving the growth of the market
Carbon ceramic discs are light in weight which helps to reduce the weight of cars and increases their potential speed, ride, handling/control, and fuel efficiency.
Moreover, the resistance to very high temperatures, superior braking power, and consistent performance in extreme conditions are among the factors which drive the adoption of automotive carbon ceramic brakes in racing and high- performance cars.
• Challenges associated with automotive carbon ceramic brakes may hinder to growth of automotive carbon ceramic brakes.
Carbon ceramic brakes are associated with several challenges including high cost, spongy feeling from the brakes, and inefficiency during cold weather conditions are among the factors which may hinder to growth of automotive carbon ceramic brakes.
Regional Analysis of Automotive Carbon Ceramic Brakes Market Market: Europe dominates the automotive carbon ceramic brakes market with the highest market share.
On the basis of region, the automotive carbon ceramic brakes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is expected to have the highest market share owing to the presence of major players and growing sales of luxury cars in the European market.
• China is on verge of becoming the global leader in the luxury car market
Asia Pacific region is estimated to show the highest growth potential in the forecasted period. The growth in the Asia Pacific region is estimated to be propelled by factors such as increasing in high-net-worth individuals (HNWIs) and Ultra-high-net-worth individuals (UHNWIs) in the following years. The news article states that Asia is expected to surpass Europe as the world's second- largest wealth hub by 2026. The estimate states that, despite the Covid-19 pandemic, Asia's UHNW population grew by 7.2% between 2020 and 2021 to reach 170,000, and it is anticipated to reach 225,000 in 2026 (expected to grow by 33 percent by 2026).
Top players involved in the Automotive Carbon Ceramic Brakes Market:
• BREMBO
• S.p.A
• Surface Transforms PLC
• MAT Foundry Group Ltd
• Audi AG
• Volkswagen of America, Inc
• Carroll Shelby International, Inc
• ALPINA Burkard Bovensiepen
• GmbH + Co. KG
• AKEBONO BRAKE INDUSTRY CO., LTD
• Rotora, Ferrari N.V
• Apollo Automobil GmbH (Gumpert)
• Automobili Lamborghini S.p.A.
• (Lamborghini)
• Others.
Current Trends of Manufacturers:
• March 2022
BMW Group acquires the ALPINA brand and expanded its portfolio
BMW Group has acquired the ALPINA brand from ALPINA Burkard Bovensiepen
GmbH + Co. KG. Until the end of 2025, BMW ALPINA automobiles will continue to be developed and produced in BUCHLOE. From 2026 onwards, BMW will introduce more automotive offerings in the luxury car range, in which ALPINA has been established for many years.
Segment Analysis:
• Passenger Cars dominate the vehicle type segment by a significantly larger market share.
Based on Vehicle Type the market is segmented as Passenger Cars and Commercial Vehicles. The growing preference for personal mobility coupled with high spending capacity, attractive financial deals, and enhancing customers' preference towards high-performance automotive components are a few of the factors driving the growth of passenger vehicles.
Related Report:
• Automotive Headrest Market- https://www.cognitivemarketresearch.com/automotive-headrest-market-report
• Automotive Tires Market- https://www.cognitivemarketresearch.com/automotive-tires-market-report
• Automotive Brake System Market- https://www.cognitivemarketresearch.com/automotive-brake-system-market-report
• Automotive Seats Market- https://www.cognitivemarketresearch.com/automotive-seats-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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