Selbyville, Delaware According to the research report titled ‘Global Carbon Ceramic Brake Discs Market: Analysis By Rotor Type (Drilled, Slotted), Application (Automotive, Aerospace), Sales Channel, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global carbon ceramic brake discs market was valued USD 1551.3 million in 2019 and is expected to register an appreciable growth rate over 2020-2025.
Increasing penetration of performance enhancing technologies in automotive industry for a more enjoyable, comfortable, and safer driving experience is catalyzing global carbon ceramic brake discs market growth. Moreover, rising number of R&D activities by major manufacturers to develop cost-effective products is positively impacting the industry dynamics.
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Further, stringent emission norms in developed automotive markets across regions such as North America and Europe are slated to bolster the demand for carbon ceramic brake discs in the upcoming years, claims the study.
For those unfamiliar, carbon ceramic brake discs are one of the top-tier high-performance braking systems that are commercially available in the marketplace. These discs are lightweight yet very hard, stable, and water-resistant.
Elaborating one the Covid-19 impact, the worldwide carbon ceramic brake discs industry expansion has slowed down amid the pandemic. As braking system industry’s growth is directly dependent on the automobile industry, the demand for the brakes and pads took a major hit as vehicle production was halted across the globe to curb the spread of the virus. However, as restrictions are gradually lifted, the market is set rejuvenate in the near the future.
From a geographical perspective, Americas (United states, Canada, Brazil, Mexico), Asia Pacific (China, Japan, India), and Europe (United Kingdom, France, Germany) are the key contributors to the overall market remuneration.
APAC held 53% market share in 2019 and will likely maintain a strong growth curve in the forthcoming years, creditable to escalating demand for higher performing vehicles and longer service intervals among customers in the region.
Prominent players influencing global carbon ceramic brake discs industry dynamics are Shenzhen LeMyth Technology Co. Ltd., Rotora, Wilwood Engineering Inc., MAT Foundry Group, Akebono Brake Industry Co. Ltd., EBC Brakes, Brembo S.p.A., SGL Carbon SE, and Surface Transforms plc.
Questions & Answers: Global Carbon Ceramic Brake Discs Market
Q1: What are the key growth driving factors of global carbon ceramic brake discs market?
A: Increasing penetration of performance enhancing technologies in automotive industry, and stringent emission norms in developed automotive sectors across regions such as North America and Europe are driving the market growth. Moreover, rising number of R&D activities by manufacturers to develop cost-effective products are enhancing the industry outlook.
Q2: Why is Asia Pacific carbon ceramic brake discs market flourishing?
A: Escalating demand for higher performing vehicles and longer service intervals among customers are fostering Asia Pacific carbon ceramic brake discs market growth.
Q3: Which are the leading players in global carbon ceramic brake discs industry?
A: Shenzhen LeMyth Technology Co. Ltd., Rotora, Wilwood Engineering Inc., MAT Foundry Group, Akebono Brake Industry Co. Ltd., EBC Brakes, Brembo S.p.A., SGL Carbon SE, and Surface Transforms plc. are the prominent players in global carbon ceramic brake discs industry.
Complete Report At: https://www.marketstudyreport.com/reports/global-carbon-ceramic-brake-discs-market-analysis-by-rotor-type-drilled-slotted-application-automotive-aerospace-sales-channel-by-region-by-country-2020-edition-market-insights-covid-19-impact-competition-and-forecast-2020-2025?utm_source=Marketwatch.com&utm_medium=AN
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