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| Automotive Carbon Ceramic Brakes Market |
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:
Carbon ceramic brakes are made from a carbon-fiber-reinforced ceramic silicon
carbide material. They are lightweight and can withstand higher temperatures
compared to conventional brakes. Carbon ceramic brakes offer improved braking
power, less wear and longer lifespan.
Market key trends:
One of the key trends in the automotive carbon ceramic brakes market is the
growing demand for lightweight braking systems. Carbon ceramic brakes are
around 40% lighter than traditional cast iron brakes. This directly improves
the performance of sports and luxury vehicles due to reduction in unsprung and
rotating mass. Their lightweight property along with high-temperature and
corrosion resistance makes them an ideal choice for use in hybrid and electric
vehicles. The lighter weight of carbon ceramic brakes helps improve the driving
range of EVs and hybrids.
Segment Analysis
The global automotive carbon ceramic brakes market is dominated by the
passenger cars segment. Over 60% of the total market share is captured by the
passenger cars segment owing to increasing demand for high-performance sports
cars and supercars which extensively use carbon ceramic brakes. Carbon ceramic
brakes offer better performance, high thermal resistance, and longer lifespan
as compared to conventional brakes which makes them a desirable choice for
high-end sports cars.
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 braking solutions in
high-performance vehicles.
Regional analysis
Europe captures over 35% of the global market share led by the presence of
major automakers in Germany. However, Asia Pacific is expected to grow at the
fastest rate owing to rising vehicular production and sales in China and India.
Key players
Key players operating in the automotive carbon ceramic brakes market are 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).
Read More,
https://www.ukwebwire.com/automotive-carbon-ceramic-brakes-market-trends-size-and-share-analysis/
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