Ceramic Brakes Market Outlook
According to a new report by Expert Market Research titled, “Ceramic Brakes Market Size, Share, Analysis, Report and Forecast 2024-2032″, the ceramic brakes market is projected to grow at a CAGR of 5.90% between 2024 and 2032. Aided by the thriving automotive sector and the increasing applications of ceramic brakes in luxury and high-performance vehicles, the market is expected to grow significantly by 2032.
Ceramic brakes, a type of disc brakes, are made from a composite of ceramic fibres and non-ferrous filler materials. They are favoured for their superb braking performance, light weight, toughness, and heat dissipation capabilities. Due to their greater performance in difficult driving circumstances, these brakes are mostly employed in high-performance cars, racing, and luxury vehicles.
The growing consumer preference for high-performance and luxury vehicles is a significant driver of the global ceramic brakes market growth. As awareness of vehicle safety and performance grows, consumers are increasingly favouring vehicles equipped with ceramic brakes, which offer better braking performance, lower brake dust production, and longer lifespan compared to traditional steel brakes.
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Moreover, the expanding applications of ceramic brakes in various automotive segments also play a pivotal role in invigorating the market growth. These brakes are not only used in the passenger car segment but also in commercial vehicles, motorsports, and the military sector due to their high-performance capabilities.
The ceramic brakes market is further fuelled by advancements in ceramic brakes technology. Developments such as reducing the brake’s weight, improving heat dissipation properties, and enhancing wear resistance have increased the effectiveness and lifespan of ceramic brakes, making them a preferred choice among vehicle manufacturers and consumers.
Another factor contributing to the ceramic brakes market expansion is the increasing investments in research and development (R&D) activities by major manufacturers. The potential market for these high-performance brakes is being increased by making efforts to lower the high prices associated with ceramic brakes and increase their accessibility to a wider automotive market.
Moreover, the rise in the adoption of electric vehicles (EVs) and hybrid vehicles is anticipated to offer new opportunities for the ceramic brakes market development. These vehicles require effective and durable braking systems due to their high speeds and quick acceleration, making ceramic brakes an ideal choice.
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Ceramic Brakes Market Segmentation
The market can be divided based on rotor type, vehicle type, and region.
Market Breakup by Rotor Type
- Drilled
- Slotted
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global ceramic brakes companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Brembo SGL Carbon Ceramic Brakes (Brembo SpA)
- Federal-Mogul Corporation
- SGL Group
- Akebono Brake Industry Co. Ltd.
- Midland Brakes Limited
- Others
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