U.S. Ceramic Brake Disc Market Size Worth $106.9 Million by 2025: Grand View Research, Inc

U.S. Ceramic Brake Disc Market Size Worth $106.9 Million by 2025: Grand View Research, Inc

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According to report published by Grand View Research, reduction in unsprung mass in a vehicle coupled with durability and requirement of low maintenance are expected to drive the demand for ceramic brake disc in U.S. Factors such as increasing preference for fuel-efficient vehicles and a longer life-span of ceramic brake discs are also likely to fuel the market.

According to a report,“U.S. Ceramic Brake Disc Market Size, Share & Trends Analysis Report By Sales Channel (OE Market (Passenger Cars, Supercars), Aftermarket), Competitive Landscape, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The U.S. ceramic brake disc market size is expected to reach USD 106.9 million by 2025, registering at a CAGR of 2.6% over the forecast period. Reduction in unsprung mass in a vehicle coupled with durability and requirement of low maintenance are expected to drive the demand for ceramic brake disc in U.S. Factors such as increasing preference for fuel-efficient vehicles and a longer life-span of ceramic brake discs are also likely to fuel the market.

Key Takeaways from the report:

  • By sales channel, the OE market segment is expected to continue leading the market owing to high durability and low maintenance of the product. The segment is expected to expand at a CAGR of 2.7% from 2018 to 2025

  • The aftermarket for supercars is expected to lead over the forecast period and is expected to account for a market share of 56.4% of the U.S. ceramic brake disc aftermarket by 2025

  • Prominent participants in the U.S. ceramic brake disc market include Brembo SGL Carbon Ceramic Brakes, Akebono Brake Industry CO., Ltd., ROTORA, and Surface Transformers PLC among others.

U.S. ceramic brake disc market size, 2015 - 2025 (USD Million)

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U.S. OE ceramic brake disc market share, by vehicle type, 2017 (%)

The demand discs is mainly driven by the sale of the supercars and luxury passenger cars. In U.S., over the recent years, prominent brands such as Jaguar, Mercedes Benz, Porsche, and Maserati among others witnessed a major decline in vehicle sales. According to the Wall Street Journal, the declining trend for vehicle sales is expected to continue throughout 2018. For instance, the Mercedez Benz Cars segment sales have already witnessed a decline of 17.6% in comparison to March 2017.

Furthermore, the lack of adoption of ceramic brake disc owing to lesser perceived benefits in return of the investment made in upgrading the car, is affecting growth of ceramic brake disc market. Additionally, the Original Equipment Manufacturers (OEMs) offer the ceramic brake disc in a limited number of variants as a performance upgrade feature, due to the cost factor. This factor may hamper the product adoption.

The OE market segment held the dominant market share of 93.5% in 2017. At present, these brake discs are limited to supercars and luxury passenger cars, where the price point of the vehicle does not bother the buyers. Moreover, vehicle manufacturers offer ceramic brakes as an optional feature to customers at an additional cost. The segment is expected to exhibit a CAGR of 2.7% over the forecast period. However, the ceramic brake disc aftermarket is complex and is characterized by a limited number of players operating in the U.S. ceramic brake disc market. The ceramic brake discs have a considerably longer lifespan as compared to standard cast iron brake discs and can be refurbished. Therefore, it reduces the product penetration for aftermarket distributors and suppliers.

Grand View Research has segmented the U.S. ceramic brake disc market based on sales channel:

U.S. Ceramic Brake Disc Sales Channel Type (Volume, Units; Revenue, USD Million, 2015 – 2025)

  • OE Market

    • By Vehicle Type

      • Passenger Cars

      • Supercars

  • Aftermarket

    • By Vehicle Type

      • Passenger Cars

      • Supercars

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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