Automotive Carbon Brake Rotor Market Size, Share & Industry Analysis, By Type (Carbon-Carbon Matrix, Carbon-Ceramic Matrix), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The automotive carbon brake rotors are one of the significant component in the braking system majorly used in high performance vehicles, heavy vehicles and motor sports vehicles. They are designed to withstand the extreme heat that is generated during the braking. The carbon brake rotors are high performing, lighter in weight, have high resistance to high temperatures, and more durable as compared to the traditional brakes. There are mainly two types of brake rotors, such as carbon-carbon brake rotor and carbon-ceramic brake rotor. For instance, high performance cars such as McLaren, Lamborghini, Aston Martin, Ferrari, Bentley, Porsche, and Corvette among others are integrated with automotive carbon brake rotors. Additionally, the rise in the racing events such as F1, Moto GP, and NASCAR as well as the rising popularity for rally sports, street racing across the world has created high traction for automotive carbon brake rotors.
Key Market Driver -
Rise in the demand for high performance vehicles along with the rising trend for light weight brake rotors are expected to drive the growth of the market in the forecast period.
Key Market Restraint -
High cost of carbon brake rotors may hamper the growth of the market during the forecast period.
Market Segmentation:
Globally, the automotive carbon brake rotor market is segmented by type, by vehicle type and by geographic coverage. By type, the market is further segmented into carbon-carbon matrix and carbon-ceramic matrix. The carbon ceramic matrix holds the major share of the global market. Carbon ceramic brake rotors are made from inorganic silicon carbide mixtures, fibres and resins. They are durable, stable, light in weight as well as water resistant. They do not wear out as fast as the regular material brake rotors owing to their material composition. These materials are being used in making aerospace braking systems. Nowadays, the automotive manufacturers are have started producing braking systems using these materials. These materials are primarily used to endure the extreme heat that is generated during braking. They are generally applied in super and high performance cars. The vehicle market is further bifurcated into passenger cars and commercial vehicles. The passenger cars segment holds the largest share of the global market. The increase in the urbanization, improving standard of living, developing infrastructures, as well as rise in the income level of people are the foremost factors that are leading to the high growth rate of sales and production of vehicles across the world. Also, the increase in the demand for luxury cars, high performance and lightweight vehicles have encouraged automotive manufacturers to adopt advanced technology and opt materials which are light in weight to produce auto parts and components to satisfy the increasing needs of the customers and also enhance the overall performance of the vehicle.
Key Players:
Major players operating in the global automotive carbon brake rotor market include Fusion Brakes LLC, Aisin Seiki Co. Ltd., Wilwood Engineering Inc., SGL Group, Akebono Brake Industry Co. Ltd., Surface Transforms, Brembo SpA, and Federal Mogul Corporation among others.
Key Insights
- New Advancements in automotive carbon brake rotor
- Number of Products, Key Countries, 2019
- New Product Launches, Key Players
Regional Analysis:
Geographically, the automotive carbon brake rotor market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the largest share in the global market and is expected to uphold its leading position over the forecast period. The presence of prominent automotive manufacturers such as Porsche, Bugatti, Alfa Romeo, Ferrari, BMW, and Mercedes Benz. Owing to this, the demand for automotive carbon brake rotor is significantly high in this region. North America is the second largest holder of the global automotive carbon brake rotor market. The rise in the racing events such as F1, Moto GP, and NASCAR as well as the increasing popularity for rally sports, street racing across the world has created high traction for automotive carbon brake rotors in this region.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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