The demand for automotive carbon brake rotors is estimated to grow at an moderate CAGR of 7.6% during the forecast period. The automotive carbon brake rotors market size is projected to reach US$ 5,521.3 Mn in 2022, and is estimated to reach US$ 11,485.9 Mn in 2032.
The sales of automotive carbon brake rotors are anticipated to grow as they are lightweight, heat resistant, high performing, and more durable. The most common type of automotive brake rotor used in the automotive industry is carbon, which is less likely to warp or deform and may last longer than traditional brakes. Less brake dust, greater performance in wet and dry circumstances, strong demand for racing cars, bikers, high-performance cars, and heavy trucks are additional key drivers of automotive carbon brake rotors.
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The high market penetration of major players is predicted to support the growth of the automotive carbon brake rotor market globally. However, one of the biggest challenges the market faces is fluctuating raw material prices. Advanced braking systems, when combined with other driver-assist technology, can aid slow or stop a vehicle while also ensuring overall safety.
Advanced braking systems are lighter, faster, and smarter than classic braking systems. Carbon brake rotors are used in high-performance and luxury vehicles such as Ferrari SpA, McLaren, Aston Martin Lagonda Ltd., Bentley Motors Ltd., Automobili Lamborghini SpA, Bugatti Automobiles SAS, Alfa Romeo Automobiles SpA, Porsche AG, and Corvette, driving demand for automotive carbon brake rotors.
The disadvantage of automotive carbon brake rotors is their expensive price when compared to commonly utilized standard brake rotors. Supercars and other high-performance vehicles are the main applications for automotive carbon brake rotors where cost is not a concern. These brake rotors are only utilized in high-performance and racing vehicles as they are not used in mass-produced, cost-efficient vehicles.
Key Takeaways from Automotive Carbon Brake Rotors Market
- The largest share of the global automotive carbon brake rotors market is occupied by carbon ceramic matrix. Inorganic silicon carbide mixes, fibres, and resins are used to create carbon ceramic brake rotors.
- By vehicle type, the global automotive carbon brake rotors market is dominated by passenger cars segment. The primary drivers of the rapid expansion in car sales and production around the world include the rise in urbanization, rising standards of living, the development of infrastructure, and the rise in average household income.
- North America is the second largest region, accounting for 23% of the global automotive carbon brake rotor market. The prominence of racing events such as F1, MotoGP, and NASCAR, as well as rally sports and street racing, has created revenue streams for automotive carbon brake rotors in this region.
- Europe currently holds the greatest share of the global automotive carbon brake rotors market and is predicted to maintain its lead with 31% of the market in 2022.
“Carbon brake rotor market growth is expected to be fuelled globally by strong market penetration by leading players. However, fluctuation in raw material prices is one of the market’s significant problems. – FMI Analyst
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Competition Landscape in the Automotive Carbon Brake Rotors Market
The global automotive carbon brake rotors market is fragmented, prominent companies are growing their businesses in various regions by developing new products and collaborating as preferred strategies. FMI researchers expect that vendors from the United States are likely to contribute most growth throughout the forecast period.
Companies in the automotive carbon brake rotors industry are planning efforts to increase their market share. Diversifying their product offerings, emphasising their USP statements, and introducing appealing features are some of the winning techniques.
The key players in the automotive carbon brake rotors market are Brembo SpA, Akebono Brake Industry Co. Ltd., Federal-Mogul Corporation, Aisin Seiki Co. Ltd., SGL Group, Fusion Brakes LLC, Surface Transforms, and Wilwood Engineering.
Key Segments Profiled in the Automotive Carbon Brake Rotors Market Survey
Type:
- Carbon-Carbon Matrix
- Carbon-Ceramic Matrix
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
By Region:
- North America
- Latin America
- The Asia Pacific
- MEA
- Europe
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Recent Developments in the Automotive Carbon Brake Rotors Market:
- In December 2019, Wilwood unveiled a new rotor and hat assembly for the Trans Am Series TA2. Assembly and installation of the Spec37 GT 48-vane rotors are simplified by the elimination of rotor bolts and floating hardware.
- Sparta created the CX3.5 high carbon iron combination to help alleviate brake noise issues that are more typical in European vehicles. To reduce noise, a precise amount of carbon flakes is added to the iron used to make CX3.5.
- Brembo acquired SBS Friction A/S, a Danish firm that develops and manufactures motorcycle brake pads composed of sintered and organic materials, in 2020.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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