Development of cost-effective product will facilitate growth of Carbon Ceramic Brake Discs Market

Date: 4 June 2020

Accordingto a research report published by Azoth Analytics in May 2020, the Global CarbonCeramic Brake Discs Market was valued at USD 1,551.33 Million in the year 2019.Increasing R&D activities by major players fordevelopment of cost-effective product is expected to create new opportunitiesin terms of revenue for players operating in the global carbon ceramic Brakediscs market over the forecast period. Additionally, the developed automotiveregions such as the EU and North America have the most stringent fuel emissionnorms globally, which is expected to surge the demand for carbon ceramic brakediscs.

APACregion holds the major Carbon ceramic brake discs market share of around 53% in2019. The growing demand for higher performing vehicles and longer serviceinterval are some of the other factors that drive the carbon ceramic disc brakemarket in Asia-Pacific region.

Sincethe COVID-19 virus outbreak in December 2019, the disease has spread to almost180 countries around the globe with the World Health Organization declaring ita public health emergency. The global impacts of the coronavirus disease 2019(COVID-19) are already starting to be felt, and will significantly affect thecarbon ceramic Brake Discs market in 2020.

Forefficient maintenance of aircraft carbon brake disc, regional players aredeveloping carbon and aircraft brake monitoring system. Citing an uptick incommercial aviation, organized and emerging market forces are manufacturingaircraft carbon disc made for commercial narrow-body aircrafts.

Amongthe sales channel category in the Carbon Ceramic Brake Discs market, OEMs segmentholds the majority share. OEMs in the market are introducing luxury as well assports car integrated with carbon ceramic brakes that yield better performanceand durability. Penetration of luxury cars has increased in such as the U.K.,Germany, India, Brazil, Germany, China, and Japan.

Basedon Rotor Type, the drilled type segment of the Carbon Ceramic Brake Discsmarket is projected to grow at the highest CAGR during the forecast period. Drilledtype rotors slightly reduce the weight of discs through the drilled-outmaterial, which are in high demand from light vehicle applications, which isdriving the market. The holes also function as a way for water to exit therotor surface in wet conditions. With less water on the rotors, the brakes havea better initial bite in wet conditions.

Also,ceramic brakes are used in military aircraft applications due to their highenergy absorption capability and low weight. These were made widely availablefor civil and commercial aircraft. Increasing aircraft fleet size and growingcommercial aircraft deliveries are some of the major drivers boosting theglobal aerospace carbon ceramic brake discs market during the forecast period.

TheAzoth Analytics research report titled GlobalCarbon Ceramic Brake Discs Market has analysed and segmented the Carbon Ceramic Brake Discs Market by Value (USD Million).The report has also further analysed the Carbon Ceramic Brake Discs Market by Sales Channel (OEMS, Aftermarket), by rotor type(Drilled Rotor, Slotted Rotor), by Application (Automotive, Aerospace). The Global CarbonCeramic Brake Discs Market has been analysed By Region (Americas, Europe, AsiaPacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany,France, United Kingdom China, Japan, India) for the historical period of 2015-2019and the forecast period of 2020-2025.