Future Market Insights has announced the addition of the “Automotive Carbon Ceramic Brakes Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 06/21/2016 -- Braking system is one of the most critical and important equipment of any motor vehicle. Braking system provides the necessary function of stopping a motor vehicle in motion. The major components of a braking system consists of a brake caliper, brake discs and brake oil.
Over the last couple of decades, carbon ceramic has emerged as an important material of construction for manufacturing brake discs in automotive vehicles. Various automotive components' manufacturers around the globe have implemented the use of carbon ceramic for producing brake discs. Due to their high performance, the demand for carbon ceramic brakes is expected to increase at an unprecedented rate over the forecast period of 2016-2026, especially for their use in high-performance vehicles and auto sports.
Automotive Carbon Ceramic Brakes Market Dynamics
Since, the braking power of carbon ceramic brakes is much higher than that of the conventional braking systems, automotive manufacturers usually prefer these brakes for their high performance vehicles. Luxury and high-end vehicle producer companies also use it as a distinguishing factor for marketing their vehicles. These brakes also possess an advantage of lesser weight and reduced brake fade than their metal counterparts. For enhanced safety of drivers, the use of carbon ceramic brakes has increased exponentially in motor sports due to stringent regulations as laid down by governing bodies running these sports. These advantages are expected to drive the demand for carbon ceramic brakes at a high CAGR between 2016 and 2026.
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The manufacturing processes required to produce carbon ceramic brakes is very tedious, time consuming and requires skilled labor, which makes the cost of such braking systems considerably higher than the conventional braking systems. The higher selling cost of these braking systems is expected to restrain the growth of these products over the forecast period.
Automotive Carbon Ceramic Brakes Market: Segmentation
The automotive carbon ceramic brakes market is segmented on the basis of vehicle type, number of brake discs used, manufacturing process and sales channel.
On the basis of vehicle types, carbon ceramic brakes market is segmented as the following:
Light Commercial Vehicles
Heavy Commercial Vehicles
On the basis of number of brake discs used, carbon ceramic brakes market is segmented as the following:
Single Disc Braking system
Multiple Disc Braking system
On the basis of manufacturing process, carbon ceramic brakes market is segmented as the following:
Manual Hand Lay-up Process
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On the basis of sales channel, carbon ceramic brakes market is segmented as the following:
Original Equipment Manufacturers (OEM)
Automotive Carbon Ceramic Brakes: Regional Outlook
Regionally, the carbon ceramic brakes market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan. North America, Western Europe and Japan are among the leading regions in the global carbon ceramic brakes market. This report provides an exhaustive market data regarding the demand of carbon ceramic brakes region wise.
Automotive Carbon Ceramic Brakes: Key Players
Some of the key players reported in this study of global automotive carbon ceramic brakes market include, Brembo S.p.A, SGL Group, Surface Transforms Plc, Akebono Brake Corporation, Fusion Brakes, LLC, Sicom (MS Production), and Rotora etc.
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