Automotive Drum Brake Market Analysis and Forecast to 2031: By Product Type (Leading Trailing Shoe Brake, Two Leading Shoe Brake, Servo Brake), Braking Type (Normal Braking, Automatic Self-adjustment, Emergency Braking), Vehicle Type [Passenger Vehicles,

Automotive Drum Brake Market Analysis and Forecast to 2031: By Product Type (Leading Trailing Shoe Brake, Two Leading Shoe Brake, Servo Brake), Braking Type (Normal Braking, Automatic Self-adjustment, Emergency Braking), Vehicle Type [Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)] and Region

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.

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.

Market Restraints and Challenges

Compared to drum brakes, drum brakes are quite new and more advanced. They offer quite a high braking power for their size as well. Even small-size drum brakes offer quite a large braking power and can stop high-speed vehicles better than a drum brake can. As the drum brakes are open, they have good heat dissipation, ensuring they never overheat. Again, being open, they retain no unwanted material and thus don't fall to rusting or performance degradation. Therefore, the increase in the adoption of drum brakes due to above mentioned factors may hinder the growth of the global automotive drum brake market.

Global Automotive Drum Brake Market Segmental Overview

The report analyses the global automotive drum brake market based on product type, braking type, vehicle type, and region.

Global Automotive Drum Brake Market by Product Type

Based on product type, it is segmented into leading trailing shoe brake, two leading shoe brake, and servo brake. The two leading shoe brake segment is likely to dominate the market during the forecast period. The types of brakes apply greater braking force than the other two product types, which apply a lower braking force. The two leading shoe brakes can move effectively when moving forward and backwards. Thus, numerous benefits of the two leading shoe brake segment boost the market's growth.

Global Automotive Drum Brake Market by Braking Type

Based on braking type, it is segmented into normal braking, automatic self-adjustment, and emergency braking. The normal braking segment is likely to hold the major share of the market in 2021. Normal braking is the most commonly used brake type in cars. It works with friction pads to stop a car or any other vehicle by converting kinetic energy into heat, thus slowing down the motion of the object. Normal braking can be performed using materials such as asbestos and carbon. Still, these are not feasible because of the health risks involved due to their toxicity. To make normal brakes safer and more efficient, organic materials have been replaced by non-toxic ceramic compounds that work on similar principles.

Global Automotive Drum Brake Market by Vehicle Type

Based on vehicle type, it is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment is likely to hold the major share of the market in 2021. The use of drum brake systems in passenger vehicles is rising due to their low manufacturing, installation cost, and easy operability. Passenger vehicle manufacturers are increasingly adopting drum brakes over drum brakes owing to their high performance, longer life, and easier maintenance. Drum brake systems are also increasingly used in electric and hybrid passenger cars to improve the vehicle’s overall efficiency. Drum brakes are also preferred for vehicles with low-power engines as they provide better braking performance in such cases. Therefore, due to several benefits of drum brakes over drum brakes, passenger vehicles segment have the highest market share.

Geographical Analysis of Global Automotive Drum Brake Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share during the forecast period. The demand for this technology is the largest in the Asia Pacific region due to manufacturing of large number of vehicles across Asia Pacific and rising government norms in India regarding road accidents are the key factors supporting the market growth in this region. This, in turn, boosts the demand for automotive drum brakes in the Asia Pacific region.

Major Players in the Global Automotive Drum Brake MarketCOVID-19 Impact

In 2020, due to the COVID-19 pandemic, global automobile manufacturers and suppliers faced a massive shortage of drum brakes. Due to mass lockdowns, travel bans, and business shutdowns, the COVID-19 pandemic had affected major economies and countless industries in various countries. The imposition of lockdown had resulted in a decline in production and service activities. The COVID-19 pandemic impact on the automotive sector had led to the shutting down of assembly plants, a slowdown in manufacturing processes, and disruptions in the supply chain. These resulted in a significant drop in vehicle sales in early 2020. Due to all these factors, the COVID-19 pandemic negatively impacted the global automotive drum brake market.

However, in 2021 and 2022, the production of automobiles increases globally. Similarly, the manufacturing of drum brakes rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments

• February 2022, ​​​​​​​ Brembo had created customizable braking systems for all 24 riders participating in the forthcoming 21st MotoGP Championship. This follows a winning streak where Brembo brakes were used on bikes that won 33 World Rider Championships, and 34 World Constructor Championships and triumphed in more than 500 GPs with leading teams.
• May 2020, Haldex Group had started offering WebTECH online training classes individualized to meet the manufacturer's specific needs. The team worked with manufacturers through a Haldex representative to schedule the date, time, duration, topic, and several participants. The topics include S-cam/drum brakes, ABS (anti-lock braking systems), disc brakes, basic technical tips, troubleshooting talk-throughs, and live video problem-solving.

Frequently Asked QuestionsQ1. How big is the automotive drum brake market?Ans. The global automotive drum brake market size was US$ 5.6 billion in 2021 and is anticipated to reach US$ 9.1 billion in 2031, growing at a rate of 4.9% from 2022 to 2031.Q2. What is the automotive drum brake market growth rate?Ans. The growth rate of the automotive drum brake market is 4.9% from 2022 to 2031.Q3. Which region holds a major market share for the automotive drum brake market?Ans. Asia Pacific holds a major market share of the automotive drum brake market in 2021.Q4. Which segment accounted for the largest automotive drum brake market share?Ans. Based on product type, it is segmented into leading trailing shoe brake, two leading shoe brake, and servo brake. The two leading shoe brake segment is likely to hold the major share of the market in 2021.Q5. Who are the key players in the automotive drum brake market?Q6. What are the factors driving the automotive drum brake market growth?Ans. The major factor driving the growth of the market is rising norms for reducing fatalities caused due to vehicle accidents.Q7. What are the key growth strategies of automotive drum brake market players?Ans. The key growth strategies of automotive drum brake market players are product launch, partnerships, and government initiatives.Q8. Which region will provide more business opportunities for the automotive drum brake market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the automotive drum brake market during the forecast period.

Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.