Global Ceramic Brakes Market Report and Forecast 2024-2032

Global Ceramic Brakes Market Outlook

The global ceramic brakes market is expected to grow at a CAGR of 5.90% between 2024 and 2032. The market is being driven by the thriving automotive sector and the increasing applications of ceramic brakes in luxury and high-performance vehicles.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the Market

A ceramic brake refers to a braking system in which the brake pads are made from ceramic. Copper fibres are embedded into the ceramic brake pads to increase the friction, thereby, decelerating the vehicle. Ceramic brakes are dense and durable with a high capacity of heat transfer and are also very quiet.

• Ceramic brakes provide noise-free rides, hence, stringent regulations by multiple governments aimed towards reducing noise pollution are favouring the ceramic brakes market. In addition, the changing preference of customers towards quieter driving experiences is leading to a heightened incorporation of ceramic brakes in automobiles.

• The increasing applications of ceramic brakes in luxury vehicles and high-performance vehicles is a driving factor of the market. Luxury vehicles are witnessing a heightened demand, owing to the expansion of popular automotive brands and increasing purchasing power of the population.

• The transportation sector is likely to generate a significant demand for ceramic brakes in the coming years, due to greater spending on reliable braking systems to improve safety and facilitate efficient delivery of cargo and goods. Accordingly, the thriving transportation sector is anticipated to fuel the ceramic brakes market growth.

• As compared to traditional braking systems, ceramic brakes are lighter and more resistant to wear. Growing research and development activities by automotive manufacturers aimed towards producing lightweight automobiles, are expected to bolster the ceramic brakes market growth in the future.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis

Based on rotor type, the market is segmented into drilled and slotted. On the basis of vehicle type, the market is classified into passenger cars and commercial vehicles. The regional markets for ceramic brakes are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global ceramic brakes market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Brembo SGL Carbon Ceramic Brakes (Brembo SpA)

• Federal-Mogul Corporation

• SGL Group

• Akebono Brake Industry Co. Ltd.

• Midland Brakes Limited

• Others

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Share by Vehicle Type

The passenger cars segment, based on vehicle type, accounts for a healthy share of the ceramic brakes market. This can be attributed to the longer lifespan of ceramic brakes compared to their counterparts, less wear and tear to brake rotors, and low amounts of brake dust; all factors which improves customer satisfaction. In addition, ceramic brakes are void of noticeable dust, thereby, bolstering the aesthetic appeal of the vehicle. Over the forecast period, the anticipated increase in spending towards car maintenance, supported by rising disposable income and increasing vehicle ownership, is likely to bolster the growth of this segment. Moreover, quieter traveling is facilitated by ceramic brakes which further enhance the comfort of the customers, hence, bolstering the usage of ceramic brakes in passenger cars.

Market Share by Region

Geographically, Europe is expected to be a fast-growing region in the market for ceramic brakes, supported by increasing demand for luxury cars with ceramic brakes, frequent rainfall, and strong presence of automotive manufacturers. Ceramic brakes function better than their counterparts during slippery weather conditions, such as rain, due to which they are preferred for enhanced safety. In Europe, countries like the United Kingdom, Germany, and France, among others receive rainfall frequently, hence, a greater emphasis on securing brakes is being witnessed in the region to prevent accidents. With a strong foothold of major automotive component manufacturers across this region, there is a steady demand for ceramic brakes, providing lucrative opportunities to the market.

Competitive Landscape

Brembo SGL Carbon Ceramic Brakes (Brembo SpA), established in 2003 and headquartered in Stezzano, Italy, is a leading automotive company which designs, develops, and manufactures braking systems composing of discs. The braking systems manufactured by this company are actively installed in high-performance cars. The product portfolio of this company includes carbon ceramic brakes, ceramic composite materials, and ceramic wafer, among others.

Federal-Mogul Corporation is a renowned corporation which develops, manufactures, and supplies components related to automotive, commercial, aerospace, marine, rail, agriculture, and power generation, among others. Founded in 1899, it is a subsidiary of Apollo Global Management, and is currently headquartered in Michigan, United States. The automotive components manufactured by this company are distributed for use in heavy duty trucks, construction vehicles, and light trucks, among others.

SGL Group is a prominent chemicals company which is also one of the leading producers of downstream products of carbon. This company caters to the demands of various sectors including automotive, aerospace, energy storage, and semiconductor, manufacturing fine quality graphite specialities and carbon fibres. It was founded in 1992 and is headquartered in Wiesbaden, Germany.

Other market players include Akebono Brake Industry Co. Ltd., and Midland Brakes Limited, among others.

Key Highlights of the Report