by The global Automotive Carbon Ceramic Brakes Market is estimated to be valued at US$ 74.26 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Automotive carbon ceramic brakes are made from a carbon-fiber-reinforced ceramic silicon carbide material. They provide better braking power and friction over conventional brakes made of cast iron or steel. Carbon ceramic brakes also reduce the overall weight of the vehicle, resulting in improved fuel efficiency.
Market key trends:
One of the key trends in the automotive carbon ceramic brake market is the increasing adoption in premium and supercars. Carbon ceramic brakes provide better stopping power and heat dissipation compared to conventional cast iron or steel brakes. Thus, they are ideal for high-performance vehicles that require aggressive braking in high speed conditions. Luxury brands like Ferrari, Lamborghini, Audi, BMW, and others are increasingly adopting carbon ceramic brakes in their premium vehicles to enhance braking performance and handle high brake temperatures generated at racing speeds. The lightweight property of carbon ceramic brakes also improves acceleration and fuel efficiency of supercars.
SWOT Analysis
Strength: Automotive carbon ceramic brakes provide improved braking performance compared to conventional brakes. They offer enhanced braking power, reduced weight, increased durability, and fade resistance.
Weakness: High production cost of automotive carbon ceramic brakes makes them expensive compared to conventional brakes. Requirement of specialized production processes further adds to the costs.
Opportunity: Growing demand for lightweight and high-performance vehicles provides scope for adoption of automotive carbon ceramic brakes. Stringent emission norms will further drive their usage.
Threats: Availability of alternative lightweight braking materials can hamper the demand for automotive carbon ceramic brakes. Economic slowdowns may negatively impact their market growth.
Key Takeaways
The global Automotive Carbon Ceramic Brakes Market Share is expected to witness high growth, exhibiting CAGR of 7.0% over the forecast period, due to increasing demand for lightweight and high-performance vehicles.
Regional analysis
Europe dominates the global automotive carbon ceramic brakes market and is expected to continue its dominance owing to the presence of major automakers in Germany, Italy, and UK. Asia Pacific is anticipated to exhibit the fastest growth due to rising vehicle production in China and India.
Key players operating in the automotive carbon ceramic brakes market include 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, BRABUS GmbH, AKEBONO BRAKE INDUSTRY CO., LTD., Rotora, Ferrari N.V, Apollo Automobil GmbH (Gumpert), Automobili Lamborghini S.p.A. (Lamborghini)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
