Automotive carbon ceramic brakes or ceramic composite brakes are made up of ceramic fibers, filler material and bonding agents. Moreover, these brakes may have small amounts of copper fibers. These kind of brakes are mostly used in high performance vehicles.
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Advantages of automotive carbon ceramic brakes over other brakes such as iron or steel brakes are fueling growth of the global automotive carbon ceramic brakes market. Automotive carbon ceramic brakes provides great braking performance over the other brakes due to its ceramic properties. Properties of ceramic compounds helps to reduce heat and provide faster recovery after braking which helps the vehicle to maintain a strong performance even after repeated braking. Moreover, compared to other brakes automotive carbon ceramic brakes produce less amount of dust which is light in color and cannot stick to the wheels of the vehicle. In comparison with other brakes, automotive carbon ceramic brakes are durable, reliable, light weight and prevent corrosion. Automotive carbon ceramic brakes offer outstanding performance in both wet and dry conditions.
The increasing demand of luxurious as well as high performance vehicles from brands such as Lamborghini, Ferrari, Audi, BMW, Mercedes, GM Corvette, Porsche, Bugatti, and Bentley among others is propelling growth of the automotive carbon ceramic brakes market. The automotive carbon ceramic brakes are preferred by various manufacturers of luxurious and high performance vehicles owing to the properties that carbon ceramic possess. Suppliers of carbon ceramic brakes include Brembo S.p.A, SGL Carbon, MAT Foundry Group Ltd., AKEBONO BRAKE INDUSTRY CO., LTD., Carbon Ceramics Ltd, Rotora, Surface Transforms PLC, Fusion Brakes, LLC, EBC Brakes, RB Performance Brakes, Wilwood Engineering, Inc. and Baer Brakes. For instance, Brembo SGL Carbon Ceramic Brakes S.p.A. is a leading producer of carbon ceramic discs, and supplies these components to reputed brands such as Ferrari, Maserati, Alfa Romeo, Audi, Bugatti, Aston Martin, Corvette, Nissan, Lexus, Bentley, Lamborghini, McLaren, Volkswagen, Porsche, and AMG.
Moreover, the expanding automotive industry is expected to propel growth of the automotive carbon ceramic brakes market over the forecast period. Manufacturers are increasing investments in the automobile industry in order to improve performance, reliability, durability, and safety of the vehicle by introducing new features. The braking system of the vehicle is highly related to the reliability and safety of the vehicle. Since brakes comprise an important role in the performance of the vehicle, growth of the automotive industry is expected to drive demand for automotive carbon ceramic brakes. Automotive carbon ceramic brakes are also used in motorcycles, passenger cars, light commercial vehicle (LCV), and heavy commercial vehicles (HCV). According to the State Of The U.S. Automotive Industry report, 2018, and the American Automotive Policy Council (AAPC) report in August 2018, auto sales in the U.S. have increased by more than 67% since the 2009 (from 10.4 million to 17.4 million). Projected sale of cars will exceed 16.8 million vehicles per year through 2025. U.S. auto production has more than doubled during the same period (from 5.6 million vehicles in 2009, to 11.3 million vehicles in 2017). U.S. auto production is expected to exceed 11.5 million vehicles per year through 2021, and reach 12 million by 2025.
Furthermore, increasing disposable income has led to increase in the sales of luxury and sports cars, which in turn is estimated to drive growth of the automotive carbon ceramic brakes market.
On the basis of region, automotive carbon ceramic brakes market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe automotive carbon ceramic market contributed the largest market share, owing to growth in the automotive market. For instance, in 2018, Germany based car brands, Volkswagen, BMW, Mercedes-Benz and Porsche recorded the following sales worldwide 1) Volkswagen produced 5,823,400 cars in 2015, and in 2019 the production reach 6,244,900 cars. 2) BMW produced 1,905,234 cars in 2015, and in 2019 the production reached 2,125,026 cars. 3) Mercedes Benz produced 1,871,511 cars in 2015, and in 2019 the production reached 2,310,185 cars. 4) Porsche produced 225,100 cars in 2015, and in 2019 the production reached 256,255 cars.
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Key Players in the Global Automotive Carbon Ceramic Brakes Market:
Some of the key players operating in the global automotive carbon ceramic brakes market include Brembo S.p.A, SGL Carbon, MAT Foundry Group Ltd., AKEBONO BRAKE INDUSTRY CO., LTD., Carbon Ceramics Ltd, Rotora, Surface Transforms PLC, Fusion Brakes, LLC, EBC Brakes, RB Performance Brakes, Wilwood Engineering, Inc. and Baer Brakes.