Global Brake Drum Market Research Report 2022

The drum brake uses a set of brake shoes to stop the vehicle, by applying the force against the drum wall. Brake shoes expand outward to apply a force against the rotating drum wall. The surface of the brake shoes that acts against the drum wall is known as the brake lining, and it is generally made up of asbestos. Drum brakes are utilized on a large-scale in the automotive industry and are also known as internal expanding shoe brakes.
Market Analysis and Insights: Global Brake Drum Market
Due to the COVID-19 pandemic, the global Brake Drum market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Leading Trailing Shoe Brake accounting for % of the Brake Drum global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
Demand for drum brakes for automotive is increasing due to the increasing production of vehicles. The drum brake for automotive is majorly used in the commercial vehicles as it is a highly cost-effective brake type. The expansion of the disc brake market in last few years has affected the drum brake market for automotive, as disc brakes are comparatively more efficient and require less maintenance. Most passenger vehicles utilize disc brakes for the front wheels and drum brakes are used for the rear wheels. Expansion of the disc brake market is expected to hamper the drum brake market for automotive during the forecast period.
Global Brake Drum Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Brake Drum Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Leading Trailing Shoe Brake
Dual Two Trailing Shoe Brake
Dual Two Leading Shoe Brake
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
ZF TRW
Mando Corporation
Akebono Brake Industry
Aisin Seiki
Continental
CBI
Nissin Kogyo
APG
Knorr-Bremse AG
XinYi
CCAG
TAIFENG
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina