Global Automotive Carbon Ceramic Brakes Market is forecast to reach $562.3 million by 2025, growing at a CAGR of 5.4% during the forecast period from 2020 to 2025. Rising adoption of automotive carbon ceramic brakes due to their capability of providing increased vehicle performance is acting as a major growth factor towards its high market growth. Increasing demands from luxury and high end vehicles are also helping in boosting the market demands towards automotive carbon ceramic brakes by the manufacturers. Moreover, carbon ceramic brakes are getting widely deployed due to increased lifetime and withstanding harsh conditions, thus helping in significant market growth.
- Drilled rotors market is expected to have a major market share during the forecast period 2020-2025 owing to its attractive design and eliminating brake fading issues.
- Presence of major automobile companies and rising demands towards automobiles are helping towards significant market growth in Asia Pacific.
- Rising demands for luxury and high end vehicles along with providing an increased vehicle performance are acting as major driving factors towards significant growth of Automotive Carbon Ceramic Brakes market.
Type – Segment Analysis
With the growing adoption towards automotive carbon ceramic brakes from automobile sector, the drilled rotors have been high dominance and are expected to have a significant market growth during the forecast period. Since with heavy use of braking pads, there is a formation of a layer caused due to the release of gases and particles, thus causing brake fading issues. Usage of drilled rotors in vehicles is becoming highly popular as it acts as a heat sink, which help in escaping the gases caused due to excessive braking, thus boosting its market growth. Moreover, the holes in the drilled rotors also act as a way to reduce water from the surface during wet climatic conditions. With lesser amount of water on the surface, these brakes proves to be highly efficient and provides high performance during heavy rains, thus propel its market demands from the automotive industry. Such factors alongwith an attractive design is causing higher deployments across high performance vehicles, thus helping in a significant growth in the automotive carbon ceramic brakes market.
Geography – Segment Analysis
Asia Pacific is expected to have a major growth in the global automotive carbon ceramic brakes market during the forecast period from 2020 to 2025. Increasing growth of automobile industry along with high investments towards research and development activities to improve the vehicle efficiency standards have been fuelling the growth for automotive carbon ceramic brakes market in this region. Moreover, growing demands for automobiles due to rising population and presence of major automobile manufacturing industriesare also causing significantmarket growth of automotive carbon ceramic brakes in this region.
Drivers – Automotive Carbon Ceramic Brakes Market
- Increasing demands for high vehicle performance
The rising demand towards automotive carbon ceramic brakes market has been growing in the automotive sector due to its capability of providing increased vehicle performance. Due to higher value of friction coefficient compared to cast iron brakes, carbon ceramic brakes installed vehicles are able to reduce the braking distance, which acts as a major factor towards improving vehicle safety. Deployment of automotive carbon ceramic brakes in vehicles have been rising rapidly as it helps in reduction of braking activation time, thus allowing the vehicles to slow down and prevent issues like accidents or crash. Moreover, its light weight design helps in making the installed vehicle lighter and reducing the unsprung weight, causing its higher adoptability from auto manufacturers. Automobile manufacturers have been increasingly deploying carbon ceramic brakes as it improves the overall vehicle performance through improving the features such as fuel consumption, driving comfort as well as acceleration, thus driving the market demands. With growing demands for higher efficiency and performance from the consumers, automotive carbon ceramic brakes have been gaining much popularity in the automotive industry, acting as a major driver for the significant growth of automotive carbon ceramic brakes market.
- Rising demands in luxury and high end vehicles
Rising demands from luxury and high end vehicle manufacturers has been acting as a major driver towards the market growth of automotive carbon ceramic brakes. Since these brakes are highly expensive, they get highly deployed across costly automobiles such as luxury vehicles, sports cars and many others. Compared to cast iron brakes, carbon ceramic brakes are capable of withstanding high temperatures and are resistant towards brake fade, causing its higher deployments in sports cars, thus boosting its market growth. Moreover, such ceramic brakes provide high efficiency in conditions such as driving downhill, or turns in the mountains, causing its major adoptability. With longer lifespan of automotive carbon ceramic brakes, auto manufacturers have been widely deploying it in expensive luxury cars and sports cars to improve the performance standards of such highly priced vehicles.
Challenges –Automotive Carbon Ceramic Brakes Market
High costs of the automotive carbon ceramic brakes have been one of the major factors that are hampering its market growth. As these brakes are comparatively expensive than the cast iron ones, they have been facing lesser adoption from small scale industries. Moreover, due to its high cost, carbon ceramic brakes are majorly employed across luxury cars and many highly expensive vehicles. This restricts the auto manufacturers to deploy such brakes in low end vehicles though they offer high performance standards. Additionally, growing advancements towards cost effective cast iron brakes with high performance are equally hampering the market growth of automotive carbon ceramic brakes.
Partnerships and acquisitions along with product launches are the key strategies of the players in the Automotive Carbon Ceramic Brakes Market. The major key players in the Automotive Carbon Ceramic Brakes Market include Brembo S.P.A, Surface Transforms Plc,Akebono Brake Industry Co., Ltd, TPM Products Inc.,MAT Foundry Group Ltd., EBC Brakes, Wilwood Engineering,Rotora, Baer Inc. and Fusion Brakes LLC.
- In March 2020, Brembo had announced the launch of carbon ceramic brake disc named DYATOM for Ford Company’s GT MK II. This development was made to boost the performance of carbon ceramic brakes to a new level. This new carbon ceramic brake combines the motorsport technology with an outstanding wear resistance in order to achieve optimum thermal performance. Moreover, it guarantees maximum braking power range, and fits perfectly for the new model Ford GT MK II.
- In June 2020, Surface Transforms PLC collaborated with Koenigsegg in order to help them in the production of first four seater hyper car. According to the signed agreement between the two companies, Surface Transforms plc will be the sole supplier of carbon ceramic brake discs for the hyper car production.