(MENAFN- GlobeNewsWire - Nasdaq) Detroit, Jan. 17, 2025 (GLOBE NEWSWIRE) -- The global automotive carbon ceramic brake market is projected to witness a growth rate of 7.6% annually from 2024 to 2030, with an anticipated size of Euro 425.9 million by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global Automotive Carbon Ceramic Brake Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
| Market Size in 2030 (million Euro) | 425.9 |
| Growth (CAGR) | 7.6% during 2024-2030 |
| Forecast Period | 2024-2030 |
| Trend Period | 2018-2022 |
| Base Year | 2023 |
| Number of Segments Covered | 2 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the Automotive Carbon Ceramic Brake Market:
The global automotive carbon ceramic brake market is segmented based on fiber state type and region.
Based on fiber state type - The automotive carbon ceramic brake market is segmented into short-fiber discs and long-fiber discs. Short-fiber discs are expected to remain the larger market category during the forecast period due to their superior performance characteristics, including enhanced strength, durability, and heat resistance . These discs offer excellent thermal conductivity and mechanical properties, making them ideal for high-performance braking applications in luxury and high-performance vehicles. Additionally, short-fiber discs provide improved wear resistance and reduced brake fade compared to other fiber states, ensuring consistent and reliable braking performance even under extreme driving conditions. As a result, short-fiber discs continue to be favored by automotive manufacturers and enthusiasts alike, driving their sustained dominance in the automotive carbon ceramic brake market.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe is expected to remain the largest market for automotive carbon ceramic brakes during the forecast period . This growth outlook is majorly attributed to the following:
Europe has a strong automotive manufacturing base, particularly in luxury and high-performance vehicles, where carbon ceramic brakes are often standard or optional equipment. This contributes to a significant demand for carbon ceramic brakes in the region. Secondly, Europe has a large population of performance-oriented drivers and enthusiasts who value the superior braking performance, durability, and longevity offered by carbon ceramic brakes. Additionally, Europe is home to several leading carbon ceramic brake manufacturers and suppliers, providing a competitive advantage in the market. Overall, these factors contribute to Europe's continued dominance in the automotive carbon ceramic brake market.
Likewise, Asia-Pacific is expected to remain the fastest region in the automotive carbon ceramic brake market due to the increasing demand for luxury vehicles, rising disposable income, and the growing trend towards high-performance driving experiences in countries like China, Japan, and India.
Automotive Carbon Ceramic Brake Market Drivers:
Some of the key drivers listed in the report are given below.
The adoption of automotive carbon ceramic brakes is driven by the automotive industry's pursuit of lightweight, high-performance components, and demand for improved braking performance and reliability, particularly in high-speed and high-temperature conditions. The growing market for luxury and high-performance vehicles, where carbon ceramic brakes are often standard or optional equipment. Enthusiastic and performance-oriented drivers favor these brakes for their exceptional stopping power, durability, and longevity.
Top 5 Companies in the Automotive Carbon Ceramic Brake Market:
Stratview Research has identified the following companies as the top market players (arranged alphabetically).
Akebono Brake Industry Company Limited Brembo SGL Carbon Ceramic Brakes S.p.A. Carbon Ceramics Limited Fusion Brakes Surface Transforms PLC
What Deliverables Will You Get in this Report?
| Key questions this report answers | Relevant contents in the report |
| How big is the sales opportunity? | In-depth analysis of the Automotive Carbon Ceramic Brake Market |
| How lucrative is the future? | Market forecast and trend data and emerging trends |
| Which regions offer the best sales opportunities? | Global, regional, and country-level historical data and forecasts |
| Which are the most attractive market segments? | Market segment analysis and forecast |
| Who are the top players and their market positioning? | Competitive landscape analysis, Market share analysis |
| How complex is the business environment? | Porter's five forces analysis, PEST analysis, Life cycle analysis |
| What are the factors affecting the market? | Drivers & challenges |
| Will I get the information on my specific requirements? | 10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - ...
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About us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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