The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Global Carbon Brakes Market: Overview
The carbon fibres are considered to be high performance material which are used in components or products requiring enhanced mechanical stability coupled to light weight design feature. The carbon brakes are the high performance brakes and primarily a substitute for conventional steel brakes used in aircrafts, automotive and defense applications. The carbon brakes are manufactured with composite materials wherein carbon fibres being important ingredient to withstands extreme braking conditions. Now a day’s adoption of carbon brakes in aerospace industry is at higher pace since the use of carbon brakes reduces the overall weight of the aircraft. Earlier, the light weight and high energy absorption capability of carbon brakes resulted in the high costs which in turn made them to be used in larger commercial aircrafts. But, improvements in braking systems, resulted in reduced per landing costs which placed carbon brakes to compete with steel brakes in terms of price. Such a scenario has led the carbon brakes market to grow at healthy annual rate. The global carbon brakes market is consolidated with key manufacturers of carbon brakes.
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Global Carbon Brakes Market: Drivers and Restraints
The global carbon brakes market is primarily driven by the increasing demand for fuel efficient braking systems and reduced engine emissions. The carbon brakes is the perfect fit for this two needs as it drastically reduces the body weight and results in decreased fuel consumption, thus boosts global carbon brakes market. The exceptional features of carbon brakes such as high stopping power, high temperature stability, extended life span, enhanced performance, etc. also aid in driving the global carbon brakes market. The lower coefficient of thermal expansion of carbon-carbon matrix offers high heat absorption which is also a one of the factor driving the global carbon brakes market.
Global Carbon Brakes Market: Segmentation
On the basis of application, carbon brakes market can be segmented as follows:-
- Regional Turboprops
- Commercial Jets
- General Aviation
- Others (Sports Equipments, heavy machinery etc.)
On the basis of distribution channel, the carbon brakes market can be segmented as follows:-
Global Carbon Brakes Market: Region wise Outlook
The global carbon brakes market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The carbon brakes market in North America and Western European countries are matured owing to the presence of established players such as Honeywell International Inc, UTC Aerospace Systems, Safran S.A. etc. Also, the robust research and developments undergoing in these regions, high end technology platform places them ahead in the global competition.
The aircraft fleet in Asia Pacific region is strong and also lies growth opportunities in countries such as Malaysia, China, and India etc. The investments of overseas carbon brakes manufacturers in Asia Pacific is also prominent, since they are expanding their business to cater the growing demand of carbon brakes over steel brakes. For instance, in 2015, Safran S.A. a prominent player of braking and landing systems, headquartered in France opened a new plant for carbon disks at Sendayan, Malaysia with an objective to take advantage of growing demand of carbon brakes in the region. Thus, the emerging economies are expected to fuel the demand for carbon brakes over the forecast period.
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Global Carbon Brakes Market: Key Players
Some of the key players identified in the global carbon brakes market includes:
- Honeywell International Inc
- UTC Aerospace Systems
- Meggitt Aircraft Braking Systems Corporation
- Safran S.A.
- SGL Group – The Carbon Company
- Dunlop Aerospace Braking Systems (DABS), UK
- Brembo S.p.A.
- Yantai Mefine Machine Co, Ltd.
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There has been a growing trend toward consolidation in the automotive sector, with the output of motor vehicles resting mainly in the hands of a few large companies and smaller independent manufacturers gradually.
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