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.
Further key findings from the study suggest:
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.
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Details of Report @ 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.
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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