Automotive Carbon Ceramic Brakes Market to Grow at a CAGR of 10.3% by 2026
Posted: Apr 21, 2017
Compared to cast iron discs, carbon ceramic bikes might be four times costlier, but that hasn't side-tracked automobile manufacturers from using them to increase the USP of their automotive offerings. Performance of vehicles equipped with automotive carbon ceramic brakes is getting boosted, making these brakes a must-have for high-performance cars. A latest study published by Future Market Insights projects that the global market for automotive carbon ceramic brakes will witness an outright dominance of passenger car vehicles in the years to come. Apropos the report, over 99% of the global automotive carbon ceramic brakes revenues will be accounted by passenger cars.
Future Market Insights’ report predicts that the demand for automotive carbon ceramic brakes is gaining traction in production of luxury vehicles. Moreover, enhancements such as lightweight rotors, noise control, and non-corroding brake pads are also prompting the sales of automotive carbon ceramic brakes across the globe. Presently, the global market for automotive carbon ceramic brakes is estimated to be valued at US$ 265 Mn. Towards the end of 2026, the market is anticipated to showcase revenue growth at 10.3% CAGR and bring in more than US$ 700 Mn in revenues. Companies such as Brembo SGL Carbon Ceramic Brakes, Surface Transforms Plc., Rotora Inc., Fusion Brakes LLC, Carbon Ceramics Ltd., and Akebono Brake Industry Co. Ltd. are observed to be leading manufacturers of automotive carbon ceramic brakes in the world.
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In the report, titled "Automotive Carbon Ceramic Brakes Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," growth of the global automotive carbon ceramic brakes market will be contingent upon following factors:
Higher adoption of iron casts brakes, which are cheaper than automotive carbon ceramic brakes
Automotive carbon ceramic brakes lacking compatibility at high operating temperatures
Rising preference to lightweight brakes such as automotive carbon ceramic brakes in order to lower gross weight of vehicles and hike their performance level
Stringent emission norms across several regions, that promote the use of lightweight automotive carbon ceramic brakes
Higher disposable incomes, which are propelling the sales of luxury and sports cars that come equipped with automotive carbon ceramic brakes
Proliferating trend of vehicle customisation, witnessed in multiple regions
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The report further reveals that by the end of 2026, close to 90% of global automotive carbon ceramic brake sales will be accounted by OEMs. On the other hand, revenues arising from aftermarket sales channels will gain traction towards the latter half of forecast period, registering more than 11% CAGRs in terms of volume as well as value. In 2016, sales of more than 47,000 units of automotive carbon ceramic brakes were recorded across Canada and the US. While North America registers fastest revenue growth, the largest market for automotive carbon ceramic brakes continues to be Western Europe. By 2026, the automotive carbon ceramic brakes market in Western Europe is projected to surpass US$ 300 Mn value.
Future Market Insights (Fmi) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.