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, according to a study conducted by Grand View Research, Inc.
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.
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.
Browse full research report on U.S. Ceramic Brake Disc Market: https://www.grandviewresearch.com/industry-analysis/us-ceramic-brake-disc-market
Further key findings from the study suggest:
- 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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/us-ceramic-brake-disc-market/request/rs1
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
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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