Carbon ceramic brakes offer several advantages over conventional cast iron brakes such as lighter weight, improved heat dissipation, improved braking performance, reduced fading, and corrosion and wear resistance which helps in improving fuel efficiency. Carbon ceramic brakes are increasingly being adopted in luxury and high-performance vehicles due to their superior braking capability in high-speed scenarios. The global automotive carbon ceramic brakes market offers enhanced braking efficiency and durability as compared to traditional brake pads and discs. Carbon ceramic brakes can withstand higher temperatures without losing effectiveness which improves safety.
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:
The carbon ceramic brakes market is driven by one major trend which is the growing demand and production of high-performance luxury and sports cars. Manufacturers of premium and luxury vehicles are increasingly adopting carbon ceramic brakes to provide superior braking performance to customers. For instance, some of the popular luxury brand vehicles that come equipped with carbon ceramic brakes include Lamborghini, Ferrari, Aston Martin, Maserati, McLaren, BMW M series, Mercedes AMG models etc. The exceptional heat resistance and improved friction characteristics of carbon ceramic material allows high-performance vehicles to engage in more aggressive driving without the risk of brake fade. Leading automotive OEMs are focused on launching new luxury and sports car models with carbon ceramic brakes to offer an unmatched braking experience.
Porter’s Analysis
Threat of new entrants: The automotive carbon ceramic brakes market requires significant investment in R&D for product development. Established players dominate the market making it difficult for new entrants.
Bargaining power of buyers: Individual customers have low bargaining power due to availability of limited alternatives. However, OEMs can negotiate with manufacturers on pricing and payment terms due to bulk purchases.
Bargaining power of suppliers: Presence of multiple raw material suppliers gives buyers options to switch easily. This reduces suppliers’ control over pricing.
Threat of new substitutes: New materials like carbon-silicon carbide offer better performance characteristics than carbon but high costs limit their adoption currently.
Competitive rivalry: The market is occupied by top players like Brembo S.p.A, SGL Carbon, and Meritor WABCO. Intense competition on pricing and new product development leads to continuous innovation.
Key Takeaways
The Global Automotive Carbon Ceramic Brakes Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific accounts for around 40% of the total automotive carbon ceramic brakes market share currently. China alone contributes to over 25% of global vehicle production. With automakers rapidly localizing production and expanding facilities, the region’s market is projected to grow at over 10% annually till 2030.
Key players: Key players operating in the automotive carbon ceramic brakes market are Brembo S.p.A, SGL Carbon, and Meritor WABCO. Brembo is currently the market leader with over 30% share. It invests heavily in new product development through partnerships with major OEMs. meanwhile, SGL Carbon has established itself as a technology leader with a wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it