Global Automotive Brake Shoe Market, By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles and Two-Wheelers), Type (Leading/Trailing, Twin Leading and Duo-Servo Type), Material (Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic NAO and Ceramic), Sales Channel (OEM and Aftermarket), Position (Front and Front and Rear), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Automotive Brake Shoe Market
The rise in the demand for passenger vehicles coupled with the overall rise and expansion of automobile sector, the demand for automotive brake shoe has risen. Data Bridge Market Research analyses that the automotive brake shoe market will show a compound annual growth rate of 7.20% for the forecast period of 2021-2028. This when put in terms of market value signifies that the current market value would rise from USD 7,398.30 million to USD 14,827.90 million by the year 2028.
Brake shoe is a part of a vehicle’s brake system that carries the brake lining. It is a curved piece of metal that is incorporated with a friction material fixed to one side. When the brakes are applied, a wheel cylinder in the drum brake system forces the brake shoe in the outward direction against the inside of the drum. This mechanism enables the vehicle to stop or put a halt to the speed. Many get confused and think brake shoes and brake pads are the same things. Their function is same but they are not one and the same things.
Due to rapid expansion of automobile sector, the demand for automotive brake shoes has risen dramatically. Rise in the demand for passenger vehicles incorporated with lightweight frictional materials has also propelled the growth of the market. Rise in the demand for commercialization due to rapid industrialization, modernisation and growth of construction industry has also fostered increase in the market growth rate. Rise in the personal disposable income is another market growth determinant.
However, rising demand for disk brakes in the vehicles will hammer down the automotive brake shoe market growth rate. Overheating of brake shoes and increasing strict regulations pertaining to the heating of brake system will further dampen the growth of automotive brake shoe market.
This automotive brake shoe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive brake shoe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Brake Shoe Market Scope and Market Size
The automotive brake shoe market is segmented on the basis of vehicle type, type, material, sales channel and position. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of vehicle type, the automotive brake shoe market is segmented into passenger vehicles, light commercial vehicles, heavy commercial vehicles and two-wheelers.
- On the basis of type, the automotive brake shoe market is segmented into leading/tailing, twin leading and duo-servo type.
- On the basis of material, the automotive brake shoe market is segmented into semi-metallic, non-asbestos organic (NAO), low-metallic NAO and ceramic.
- The automotive brake shoe market is also segmented on the basis of sales channel into OEM and aftermarket.
- The automotive brake shoe market is also segmented on the basis of position into front and front and rear.
Global Automotive Brake Shoe Market Country Level Analysis
The global automotive brake shoe market is analysed and market size insights and trends are provided by country, vehicle type, type, material, sales channel and position as referenced above.
The countries covered in the automotive brake shoe market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific has been dominating the market is expected to continue the growth trend during the forecast period. This is because of an exceptional growth of automobile sector in this region coupled with rising personal disposable income. Rise in the demand for both passenger and commercial vehicles are too fostering the growth of the market.
The country section of the automotive brake shoe market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Brake Shoe Market Share Analysis
The automotive brake shoe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive brake shoe market.
The major players covered in the automotive brake shoe market report are Bosch Auto Parts, BNA Automotive India Pvt Ltd., Meritor, Inc., Tribo., Brake Parts Inc. LLC., MAT Holding, Inc., ASK Automotive Pvt. Ltd., ZF Friedrichshafen AG, Continental AG, EBC Brakes., ICER BRAKES, Nisshinbo Brake Inc., Showa Denko Materials Co., Ltd., Hawk Performance, SANGSIN BRAKE., KFE Brake Systems, Brakewel Automotive Components India Private Limited, GUD HOLDINGS LIMITED and Sundaram Brake Linings Ltd. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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