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Automotive Carbon Ceramic Brake: A Leading Driver Behind Rising Demand For Sports Cars And Luxury Vehicles Drives Growth In Automotive Carbon Ceramic Brake Market Market Expansion in 2025
Automotive Carbon Ceramic Brake
What Will the Automotive Carbon Ceramic Brake Industry Market Size Be by 2025?
The market size for automotive carbon ceramic brakes has seen a notable increase in the past few years. It is anticipated to rise from $0.93 billion in 2024 to $1.03 billion by 2025, at a compound annual growth rate (CAGR) of 11.3%. The considerable expansion throughout the historic phase has been driven by the growing use of aerospace technology for automotive brakes, burgeoning demand for improved performance and weight decrease in vehicles, heightened utilization of luxury and high-end vehicles, and increased investments in research and development.
What's the Long-Term Growth Forecast for the Automotive Carbon Ceramic Brake Market Size Through 2029?
In the coming years, the automotive carbon ceramic brake market is projected to witness a swift expansion. By 2029, its value is expected to climb to $1.56 billion, following a compound annual growth rate (CAGR) of 11.0%. Such growth within the forecast period can be ascribed to a rising focus on boosting effectiveness and capability, mounting regulatory demands for sustainable environment practices, escalating consumer interest in premium vehicle amenities, technical advancements in brakes leading to cost and performance enhancements, and increased acceptance of hybrid and electric vehicles. Key trends anticipated within the forecast period include higher integration in hybrid and electric vehicles, heightened focus on self-driving vehicles, advancements in the field of material science, more stress on safety and performance, along with expanding demand in emerging marketplaces.
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What Are the Key Growth Drivers Fueling the Automotive Carbon Ceramic Brake Market Expansion?
The burgeoning utilization of carbon ceramic brakes in sports cars and luxury vehicles is likely to stimulate the expansion of the automotive carbon ceramic brake market. Sports cars, which are engineered for speed and agility, and luxury vehicles, which prioritize comfort, quality, and innovative features, are increasingly sought after by consumers looking for high-performing, status-boosting automobiles. Carbon ceramic brakes, when used in sports and luxury vehicles, provide superior braking efficacy, durability, and weight reduction, improving overall efficiency and the driving experience. As per a report by the International Council on Clean Transportation, a U.S.-based nonprofit dedicated to promoting clean, efficient and sustainable transportation, luxury vehicle sales in Europe escalated by 63% as of January 2024 compared to 2021. Similarly, there was a 63% increase in new luxury vehicle registrations in 2022 compared to the previous year. As a result, the rise in the use of carbon ceramic brakes in sports cars and luxury vehicles will fuel the expansion of the automotive carbon ceramic brake market.
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What Are the Key Trends Driving Automotive Carbon Ceramic Brake Market Growth?
Leading organizations in the automotive carbon ceramic brake market are creating novel, lightweight braking structures such as brake skins for providing enduring brake solutions suitable for severe environments. Brake skins are light elements that ensure exemplary brake performance, impressive thermal conductivity, and sustainability in high-performance vehicle uses. For example, Inspeed Technology (Shenzhen) Co., Ltd., a Chinese firm that provides brake system solutions, unveiled its new carbon ceramic brake disc in February 2023. This disc promotes exceptional performance with benefits like reduced weight, incredible strength, superior heat resistance (up to 1400 degrees Fahrenheit), and long-term usage surpassing 300,000 kilometers. It is suitable with diverse multi-piston brake calipers and heightens the vehicle's dynamics and safety using high friction coefficients in both dry and humid conditions, guaranteeing trustworthy handling and shorter braking distances.
How Is the Automotive Carbon Ceramic Brake Market Segmented?
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)
Subsegments:
1) By Single Disc Brake: Front Single Disc Brake, Rear Single Disc Brake, Performance Single Disc Brake, Lightweight Single Disc Brake
2) By Multiple Disc Brake: Dual Disc Brake Systems, Multi-Piston Disc Brake Systems, Four-Disc Brake Systems, High-Performance Multi-Disc Brake Systems, Carbon Ceramic Multi-Disc Brake Systems For Racing Or Sports Cars
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Which Companies Are Leading the Charge in Automotive Carbon Ceramic Brake Market Innovation?
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
Which Regions Are Leading the Global Automotive Carbon Ceramic Brake Market in Revenue?
North America was the largest region in the automotive carbon ceramic brake market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive carbon ceramic brake market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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