Ceramic Brakes Market Size, Share & Industry Analysis, By Rotor Type (Drilled, Slotted), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Ceramic brakes are also called ceramic composite brakes, which are commonly used in luxury, supercars, and high-performance vehicles. Ceramic brakes have several advantages over conventional cast-iron brakes such as reduction of vibration and noise, reduction of weight up to 70%, and have anti-corrosive property. Owing to its high-cost ceramic brakes are usually installed in high-end vehicles. Drilled rotors are majorly used in passenger cars; they perform well in all weather conditions, especially in the rainy season. As these rotors cannot take continuous heat as a result of this, they are not compatible with competitive or race cars.
Key Market Driver -
Surge in demand for high-end luxury and sports car is the key factor that is driving the market.
Key Market Restraint -
Very high cost of ceramic brakes is expected to hamper the market’s growth.
Carbon ceramics are expensive and high-performance material that is made from a mixture of fibers, powders, and resins. Previously it was used in the aerospace braking system. Nowadays, automobile manufacturers are using this in private and sports vehicles. Ceramic Brakes are less resistant to deformation at very high temperatures; they last longer than conventional brakes. Compared to conventional brakes, the ceramic brakes do not corrode even in the winter season.
Key Players Covered in the Automotive Ceramic Brakes Market:
Some of the major companies in the automotive ceramic brakes market include Brembo SpA, Federal-Mogul Corporation, Akebono Brake Industry Co. Ltd., SGL Group, Aisin Seiki Co. Ltd., Fusion Brakes LLC, Wilwood Engineering Inc., and Surface Transforms, among the other players.
The global automotive ceramic brakes market has been segmented into rotor type, vehicle type, and region. By vehicle type, the global market is segmented into passenger cars and commercial vehicles. The passenger car segment is expected to dominate the ceramic brakes market owing to rising vehicle production and companies manufacturing ceramic, which are more technologically advanced. Ceramic brakes are lighter than conventional brakes; therefore, this helps to improve the performance and efficiency of the vehicle. By rotor type, the market has been segmented into drilled and slotted. Slotted rotors are installed in off-road vehicles, heavy trucks, SUVs, and competition cars. This type of braking is very efficient and reduces friction in brake pads.
Regional Analysis:
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Geographically, the ceramic brake market is segmented into North America, Europe Asia Pacific, and the rest of the world. Europe is expected to dominate the global ceramic brake market owing to the presence of key players in this region and increasing demand for luxury and sports vehicles. Germany is anticipated to hold the largest market share in this region. Asia Pacific is expected to have lucrative growth in the market owing to rising automobile production and demand for luxury vehicles. North America is also expected to show steady growth in the ceramic brake market over the forecast period.
Segmentation
ATTRIBUTE | DETAILS |
By Rotor Type |
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By Vehicle Type |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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