The global automotive carbon brake rotor market size is expected to experience substantial growth during the forecast period. This growth is attributable to the increasing demand for lightweight components to improve performance and efficiency and the growing demand for high-performance vehicles globally. This information is published by Fortune Business Insights in its upcoming report, titled, “Automotive Carbon Brake Rotor Market Size, Share & Industry Analysis, By Type (Carbon-Carbon Matrix, Carbon-Ceramic Matrix), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast 2020-2027.”
The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
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Automotive carbon brake rotors are designed to withstand extreme amounts of heat during braking. There are primarily two types of carbon brake rotors such as carbon-ceramic rotors and carbon-carbon rotors that are highly durable and used by several automotive manufacturers to improve performance.
What does the Report Provide?
The global market for automotive carbon brake rotorreport provides effective analysis on several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships,introduce new products, and collaboration that will further contribute to the growth of the market in the forthcoming years. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
Increasing Demand for Lightweight Components to Aid Growth
The increasing fuel costs and the rising emission levels is propelling the demand for lightweight vehicles. This is likely to boost the adoption of lightweight automotive carbon brake rotors that aid in improving fuel efficiency and performance of the engine. Moreover, the surging demand for high performance vehicles due to improving standard of lives and high disposable income of the working population is anticipated to bode well for the global automotive carbon brake rotor market growth during the forecast period.
Presence of Established Automotive Manufacturers in Europe to Promote Growth
Among all the regions, Europe is expected to remain dominant and hold the highest position in the global automotive carbon brake rotor marketduring the forecast period. This dominance is attributable to the presence of established automotive manufacturers such as BMW, Alfa Romeo, and PORSCHE that is likely to favor the adoption of advanced automotive carbon brake rotors in the region between 2020 and 2027.
On the other hand, North America is expected to hold second position in the market backed by the increasing number of racing events such as MotoGP and F1 that will drive the demand for advanced automotive carbon brake rotors in the region.
Product Launches by Eminent Companies to Intensify Industry Competition
The global automotive carbon brake rotor market is consolidated by the presence of key players that are striving to maintain a stronghold by developing innovative automotive carbon brake rotor products. In addition to this, other key players are adopting strategies such as merger and acquisition, facility expansion, and collaboration is anticipated to contribute to the growth of the market in the forthcoming years.
- November 2020 – Continental announced the expansion of its ATE Disc Brake Rotors program with the addition of 25 new SKUs for the European region. The program involves several original equipment rotors of high quality to cater to the specific demand of the vehicle and customers.
List of the Companies Profiled in the Global Market for Automotive Carbon Brake Rotor:
- Fusion Brakes LLC
- Aisin Seiki Co. Ltd.
- Wilwood Engineering Inc.
- SGL Group
- Akebono Brake Industry Co. Ltd.
- Surface Transforms
- Federal Mogul Corporation
- Among others
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