Automotive Carbon ceramic Brake Rotors Market trends:
OEM is the dominating segment in the market with approximately 70% market share. High design perceptiveness and accuracy provided by OEMs than aftermarket is the key factor considered to drive the growth of the segment in the market. Moreover, increasing partnerships of racing organizers with manufacturers is the key factor expected to drive the growth of the market during the forecast period. Moreover, the Global nature of manufacturing by OEMs is the key growth factor considered for the segment in the market.
In addition, the Aftermarket segment holds a prominent share in the market owing to the increasing inclination of consumers towards cost-cutting and decreasing operational and maintenance costs provided by aftermarket players to the consumers.
According to SAE International, Automotive Carbon-ceramic Brake Rotors Market is expected to dominate the automotive sector owing to increasing applications of the effective braking unit in racing cars and other sports cars. Heavy integration among the manufacturers during the forecast period owing to chain of products available in the market and flexible Automotive Carbon ceramic Brake Rotors designs along with improving standards of manufacturing are the key factors considered to drive the growth of the market. According to Sales experts, sales are expected to reach approximately 40 million units worldwide during the forecast period owing to the rising adoption of carbon composite material in the market.
Europe is the dominating region in the market owing to well-established the infrastructure of sports car manufacturing and stringent safety norms imposed by the government in the region. Europe is posing as the highest region in sales of the products. Moreover, increasing sports cars sector development in UK, Germany, and Italy regions is the key supporting factor considered to drive the growth of the region. APAC market is expected to register a CAGR of approximately 4.2% owing to the increasing investment of key players in the region in passenger car manufacturing. Moreover, increasing investment of the government in electrical vehicle manufacturing owing to stringent environment protection regulations across the region is the key factor considered to hamper the regional growth. China is the dominating segment in the APAC region owing to the increasing no. of manufacturers inclining towards carbon composite due to rising raw material costs in the region. North American regional market is expected to boost during the forecast period owing to increasing economic growth in the region. USA and Canada are the dominating countries in the region owing to the mass manufacturing of sports cars and luxurious passenger cars in the region.
In a recent a research report by Maximize Market Research, the Automotive Carbon ceramic Brake Rotors Market is expected to surpass US $XX million by the year 2026, from the US $XX million in 2019.
Despite a huge decline in the sales of Automotive Carbon ceramic Brake Rotors during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 4.7%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of three major segments and further into sub-segments, Rotor Type (Slotted and drilled rotors), Sales Channel (OEM and Aftermarket), and by Vehicle Type (passenger cars {sedan, hatchbacks, sports utility vehicles}, and commercial vehicles {LCV and HCV} and motor sports vehicles) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Brembo S.p.A., Aisin Seiki co. ltd., Federal mogul Corp., SGL Group, Akebono Brake Industry, Fusion brakes LLC, Surface Transforms, Wildwood Engineering, Alcon components Ltd., Baer, Inc., LeMyth technology co. ltd., Rotora, APC Automotive Technologies LLC, MAT foundry Group Ltd., Centric Parts.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Carbon ceramic Brake Rotors Market.”
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