The global automotive drum brake market was valued at US$ 5.6 billion in 2021 and it is anticipated to grow up to US$ 9.1 billion by 2031, at a CAGR of 4.9% during the forecast period.
A drum brake is a system consisting of a set of brake shoes that are forced on the outer drum-shaped cover to stop the vehicle. It is a cost-effective type of brake system used in automobiles. A drum brake has two main parts, such as the lining and the shoes. The lining is made of a material that can create friction, such as asbestos, and the shoes are metal plates that squeeze against the lining. Moreover, the drum brake system has existed for a long time and has become an integrated part of the automobile industry. Drum brakes are mostly used in heavy-duty and medium-duty commercial vehicles.
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Market Drivers and Trends
As the demand for automobiles are surging, the regulatory mandates for making the automobiles safer are also increasing, thereby leading to a surging in demand for drum brakes. Several governments of countries such as India have taken steps in regulating safety-critical components within commercial vehicles and passenger vehicles, which has resulted in a rising demand for automotive drum brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) website, the Government of India is deeply concerned about the growth in the number of road accidents, injuries and fatalities in 2020, 2021, and 2022. It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built in at the stage of design, manufacture, usage, operation and maintenance of both motorized and non-motorized vehicles in line with international standards and practices in order to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.
Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help in reducing fatalities. As per article published by The Print, in January 2022, over 29,000 road accidents were reported and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded star ratings based upon their performance in crash tests.
Therefore, with all these government initiatives regarding road accident safety, the requirement for drum brakes increases due to better-stopping performance. Thus, growing norms for reducing fatalities caused due to vehicle accidents are acting as a driving factor.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Automotive Drum Brake Market Segmentation
By Product Type
- Leading Trailing Shoe Brake
- Two Leading Shoe Brake
- Servo Brake
By Braking Type
- Normal Braking
- Automatic Self-adjustment
- Emergency Braking
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
Major Players in the Global Automotive Drum Brake Market
The key players studied in the global automotive drum brake market are AISIN CORPORATION (Hosei Brake Industry Co., Ltd.) [Japan], Akebono Brake Industry Co., Ltd. (Japan), Brembo S.p.A. (Italy), Continental AG (Germany), Haldex Group (Sweden), HELLA GmbH & Co. KGaA (Germany), Hyundai Mobis (South Korea), Knorr-Bremse AG (Germany), Mando Corporation (South Korea), and TRW Automotive (US).
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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