Automotive Drum Brake Market: Global Industry Analysis and Forecast 2023-2029

Automotive Drum Brake Market is expected to reach US$ 3.88 Bn at a CAGR of 12% during the forecast period 2029.

Automotive Drum Brake Market Overview:

A drum brake is a set of brake shoes, which apply force against the drum wall, in order to stop the vehicle. It has become an integral part of the automobile industry as it is used in heavy-duty and medium-duty commercial vehicles. Increasing automobile industry globally and campaigns by government council to grow the awareness of braking systems are influencing the automotive manufacturers to improve braking systems. This in return is expected to drive the growth of the automotive drum brake market globally. The report covers the detailed analysis of the Global automotive drum brake industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2017 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.Automotive Drum Brake MarketTo know about the Research Methodology :- Request Free Sample Report The report has profiled sixteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimating market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.

Automotive Drum Brake Market Dynamics:

An increase in the automotive industry and production of commercial and passenger vehicles have gain demand for the automotive drum brakes during the forecast period. Automotive drum brakes mostly equipped in commercial vehicles as the installation of drum brake is simple, cost-efficient, and can operate using hydraulic and mechanical actuators. These drum brakes are placed inside the hub, which reduces the chance of external damage and can increase the braking force without any power booster. Considering these factors the market of automotive drum brake is expected to grow during the forecast period. The passenger vehicles are mostly equipped with disc brakes as they are more efficient and require less maintenance. These factors are expected to hinder the growth of the automotive drum brake market during the forecast period.

Recent Development:

The electric parking brake one of the latest innovations is expected to create demand due to advanced features for compact cars having drum brakes. Where hand brake lever is replaced by advanced feature EPB and drum brakes in coming years. Global Automotive Drum Brake Market Segmentation Analysis By Product Type, among the three types of shoe brake, the leading trailing shoe brake is widely used in commercial vehicles due to the increase in production of commercial vehicles. Similarly in these brake system leading shoe applies the greater braking force and the trailing shoe receives a lower braking force. As it acts effectively while moving in forward as well as reverse direction, the Leading Trailing Shoe Brake market is expected to grow during the forecast period. By Vehicle Type, the commercial vehicles segment account for a share of xx% in the automotive drum brake system market due to the increase in the sale of commercial vehicles of developed countries such as the U.S. and China, and several developing countries such as India, Brazil, and Asian countries. Manufacturers are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby the automotive drum brake market. These automotive drum brakes are used in a heavy commercial vehicle with a large diameter of truck wheels as it is suitable to design an effective drum brake with the required large diameter to meet the protocols for the brake.Automotive Drum Brake Market

Automotive Drum Brake Market Regional Insights:

North America is the key market for drum brakes due to the growing production of vehicles in the region, increasing demand for cheap cars, favorable economic conditions and different regulations made by the government to increase trade among countries in the region. Also, every household in North America owns a car, which is expected to boost the demand for the automotive drum brakes market during the forecast period. Most drum brake manufactures have set up their production units in Mexico to save costs of production and to increase their revenue by exporting. These created demands for drum brakes as the country also provides cheap labor facility and technological advancement. Growing urbanization and industrialization in the region of Asia Pacific has led the global drum brakes market to hold a significant share during the forecast period. Similarly, developing countries like India and China have adopted drum brakes due to the rise in the automotive sector, which in turn is expected to boost the Automotive Drum Brake market in the region during the forecast period.

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Automotive Drum Brake Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 1.75 Bn.
Forecast Period 2023 to 2029 CAGR: 12% Market Size in 2029: US $ 3.88 Bn.
Segments Covered: by Product Type • Leading Trailing Shoe Brake • Two Leading Shoe Brake • Servo Brake
by Vehicle Type • Commercial Vehicles • Passenger Vehicles

Automotive Drum Brake Market, by Region:

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Automotive Drum Brake Market Key Players:

Aisin Seiki Co., Ltd • Akebono Brake Industry Co., Ltd • Continental AG • Brembo S.p.A • Federal-Mogul Corporation • TRW Automotive • Haldex Group • Hella Pagid GmbH • Bosch • ZF TRW • Mando Corporation • Nissin Kogyo • APG • Knorr-Bremse AG • XinYi Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Drum Brake Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Automotive Drum Brake Market? Ans: The Global Automotive Drum Brake Market is growing at a CAGR of 12% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Drum Brake Market report? Ans: Global Automotive Drum Brake Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Drum Brake Market? Ans: The important key players in the Global Automotive Drum Brake Market are – Aisin Seiki Co., Ltd, Akebono Brake Industry Co., Ltd, Continental AG, Brembo S.p.A, Federal-Mogul Corporation, TRW Automotive, Haldex Group, Hella Pagid GmbH, Bosch, ZF TRW, Mando Corporation, Nissin Kogyo, APG, Knorr-Bremse AG, XinYi. 5. What is the study period of this Market? Ans: The Global Automotive Drum Brake Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Drum Brake Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Drum Brake Market 3.4. Geographical Snapshot of the Automotive Drum Brake Market, By Manufacturer share 4. Global Automotive Drum Brake Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Drum Brake Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Drum Brake Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Drum Brake Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Leading Trailing Shoe Brake 7.1.2. Two Leading Shoe Brake 7.1.3. Servo Brake 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Commercial Vehicles 7.2.2. Passenger Vehicles 8. Global Automotive Drum Brake Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Leading Trailing Shoe Brake 9.1.2. Two Leading Shoe Brake 9.1.3. Servo Brake 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Commercial Vehicles 9.2.2. Passenger Vehicles 10. North America Automotive Drum Brake Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Automotive Drum Brake Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Automotive Drum Brake Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Automotive Drum Brake Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Automotive Drum Brake Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Automotive Drum Brake Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Drum Brake Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Rotary Lift 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Aisin Seiki Co., Ltd 45.5. Akebono Brake Industry Co., Ltd 45.6. Continental AG 45.7. Brembo S.p.A 45.8. Federal-Mogul Corporation 45.9. TRW Automotive 45.10. Haldex Group 45.11. Hella Pagid GmbH 45.12. Bosch 45.13. ZF TRW 45.14. Mando Corporation 45.15. Nissin Kogyo 45.16. APG 45.17. Knorr-Bremse AG 45.18. XinYi 46. Primary Key Insights

About This Report

Report ID 94119
Category Engineering Equipment
Published Date April 2023
Updated Date
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