LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive carbon ceramic brake rotors market to grow to 388.6 thousand units by 2021, at a CAGR of close to 18% over the forecast period, according to their latest report.
The research study by Technavio on the global automotive carbon ceramic brake rotors market for 2017-2021 provides a detailed industry analysis based on rotor type (drilled rotors and slotted rotors) and geography (the Americas, EMEA, and APAC).
|A ceramic brake rotor is very hard yet light, stable, and water resistant. These rotors are one of the superior high-performance braking systems that are commercially available in the market. North American and European economies are dominant economies in the high-performance braking system market, which is a factor driving the carbon ceramic brake rotors market.|
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Technavio analysts highlight the following three factors that are contributing to the growth of the global automotive carbon ceramic brake rotors market:
- Performance and fuel efficiency benefits
- Rising competition among super sports car manufacturers
- Strict carbon emission and fuel efficiency norms
Performance and fuel efficiency benefits
The automotive industry is witnessing the quick penetration of performance-enhancing technologies designed to make driving more comfortable, enjoyable, and safe for drivers. The automotive braking system is a key area where rapid developments are taking place.
“Cars are increasingly being fitted with brake calipers made of composite carbon ceramics. The composite and lightweight structure of carbon ceramic brake rotors or pads aid in providing enhanced performance and higher fuel efficiency, ” says Siddharth Jaiswal, a lead analyst at Technavio for automotive components research.
Rising competition among super sports car manufacturers
The global sports car market is constantly evolving to launch better automotive technologies, encouraged by the growing economy and better infrastructure. The consumers of the automotive industry consider automobiles to be status symbols, where they define an individuals’ standard of living.
Consumers give a high preference to the technology, comfort, safety, and convenience offered by vehicles, encouraging manufacturers to integrate the latest technologically advanced offerings. This trend has created intense competition among manufacturers, thereby impacting the increased adoption of carbon ceramic brake rotors.
Strict carbon emission and fuel efficiency norms
“The global automotive industry is witnessing the enforcement of strict rules and regulations regarding carbon emissions and fuel efficiency. These regulations are pushing for the adoption of efficient braking technologies for their vehicles, such as carbon ceramic brake rotors,” says Siddharth.
The developed automotive regions such as the EU and North America have the most stringent fuel emission norms globally. Developing countries such as India and China are also witnessing the enforcement of stringent regulations regarding the efficiency and safety of vehicles, which is expected to positively influence the adoption of advanced braking systems during the forecast period.
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