by Automotive carbon ceramic brakes provide superior braking response and durability compared to conventional brakes, making them an ideal choice for high-performance luxury vehicles. Carbon ceramic brake discs are lighter than regular discs made from cast iron, reducing unsprung and rotational masses. This improves acceleration, handling, and braking performance of luxury cars. 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 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand for luxury vehicles has been a major driver for the automotive carbon ceramic brakes market. Carbon ceramic brakes are increasingly being adopted by manufacturers of luxury and high-performance cars to enhance braking capabilities. For example, automakers like Ferrari, McLaren, Lamborghini, and Porsche offer carbon ceramic brakes as standard or optional fitment on their premium sports cars and supercars. These vehicles experience high speed, braking forces and frequent track use which pushes conventional brake discs and pads to their limits. Carbon ceramic brakes overcome these challenges through improved heat resistance, friction coefficient stability and longer lasting performance. As sales of luxury vehicles continue to rise globally, particularly for high-end sports cars, demand for superior braking technologies like carbon ceramic brakes will also increase in the coming years.
SWOT Analysis
Strength: Carbon ceramic brakes are lighter in weight and more durable than conventional cast iron brakes. Their lighter weight helps improve braking performance and fuel efficiency.
Weakness: Carbon ceramic brakes are significantly more expensive than conventional brakes. Their high cost remains a deterrent for many customers.
Opportunity: Growing demand for luxury and high-performance vehicles will boost sales of carbon ceramic brakes. Their superior performance makes them an attractive option for race cars and supercars.
Threats: Volatility in raw material prices can increase the overall costs. Technological advancements may lead to new alternative brake materials that offer better performance at lower prices.
Key Takeaways
The Global Automotive Carbon Ceramic Brakes Market Size is expected to witness high growth between 2023-2030.
Regional analysis: Asia Pacific dominates the market and is expected to maintain its lead through 2030 due to high vehicle production in China and India.
Key players operating in the automotive carbon ceramic brakes market are Central Admixture Pharmacy Services, Inc., Nephron Pharmaceuticals Corporation, QuVa Pharma, Olympia Pharmacy, ASP Cares, Fagron Compounding Pharmacies, Athenex, Inc., Avella Specialty Pharmacy, Atlas Pharmaceuticals, Empower Pharmacy, Carie Boyd€TMS Prescription Shop, Edge Pharma, Imprimis NJOF, LLC, IntegraDose Compounding services, LLC, Wells Pharma of Houston, LLC, US Compounding Inc., and SCA Pharma.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
