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Automotive Carbon Ceramic Brake Global Market Report 2024 - By Share, Size, Demand, Trends, Forecast To 2033
Automotive Carbon Ceramic Brake Market
As per the report, the automotive carbon ceramic brake market size has grown rapidly in recent years. It will grow from $0.83 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 11%. The automotive carbon ceramic brake market size is expected to see rapid growth in the next few years. It will grow to $1.41 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.
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Rising Demand For Sports Cars And Luxury Vehicles Drives Growth In Automotive Carbon Ceramic Brake Market
The expanding adoption of carbon ceramic brakes in sports cars and luxury vehicles is expected to propel the growth of the automotive carbon ceramic brake market going forward. Sports cars are high-performance vehicles designed for speed and agility, while luxury vehicles emphasize comfort, quality, and advanced features. The expanding adoption of sports cars and luxury vehicles is due to increased consumer demand for high-performance and status-enhancing automobiles. Automotive carbon ceramic brakes in sports and luxury vehicles provide superior braking performance, durability, and reduced weight, enhancing overall efficiency and driving experience. For instance, in January 2024, according to a report published by the International Council on Clean Transportation, a U.S.-based nonprofit organization focused on advancing clean, efficient, and sustainable transportation, vehicle sales in the luxury segment increased by 63% compared to 2021 in Europe. Additionally, new car registrations within the luxury segment saw a 63% rise in 2022 compared to the previous year. Therefore, the expanding adoption of carbon ceramic brakes in sports cars and luxury vehicles will drive the growth of the automotive carbon ceramic brake market.
Advancements In Lightweight Carbon Ceramic Brake Systems For High-Performance Automotive Applications
Major companies operating in the automotive carbon ceramic brake market are innovating lightweight braking systems, such as brake skins, to provide durable braking solutions suitable for extreme conditions. Brake skins are lightweight components that offer superior braking performance, high thermal conductivity, and durability in high-performance automotive applications. For instance, in February 2023, Inspeed Technology (Shenzhen) Co., Ltd., a China-based brake system solution provider, launched its new carbon ceramic brake disc, offering superior performance with advantages like low weight, high strength, excellent heat resistance (up to 1400 degrees Fahrenheit), and a long service life exceeding 300,000 kilometers. It is compatible with various multi-piston brake calipers. It enhances vehicle dynamics and safety with high friction coefficients in dry and wet conditions, ensuring reliable handling and shorter braking distances.
The automotive carbon ceramic brake market covered in this report is segmented -
1) By Type: Single Disc Brake, Multiple Disc Brake
2) By Fiber State: Short Fiber Discs, Long Fiber Discs
3) By Application: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
4) By Sales Channel: Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES), Independent Aftermarket (IAM)
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Major companies operating in the automotive carbon ceramic brake market are Honeywell International Inc., Aisin Seiki Co Ltd, Brembo SpA, Akebono Brake Industry Co Ltd, SGL Carbon GmBH, Miba AG, StopTech LLC, Carbo Ceramics Ltd, MAT Foundry Group Ltd, Apollo Automobil GmbH, Performance Friction Corporation (PFC Brakes), Wilwood Engineering, Carbon Revolution Limited, Hitco Carbon Composites Inc., EBC Brakes, AP Racing Ltd, Baer Inc, Surface Transforms PLC, Sparta Evolution, Disc Brakes Australia (DBA), Rotora Inc, Tarox Srl
Contents of the report:
1. Executive Summary
2. Automotive Carbon Ceramic Brake Market Report Structure
3. Automotive Carbon Ceramic Brake Market Trends And Strategies
4. Automotive Carbon Ceramic Brake Market - Macro Economic Scenario
5. Automotive Carbon Ceramic Brake Market Size And Growth
…..
27. Automotive Carbon Ceramic Brake Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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