Global Automotive Brake Drum Market Growth 2023-2029

Global Automotive Brake Drum Market Growth 2023-2029

Automotive Brake Drum is a part of the drum brake system. The piston increases pressure to the two pairs of half-moon shape brake shoes. Then brake shoes are snapped to the tympanic wall which produces friction to stop the wheel.

LPI (LP Information)' newest research report, the “Automotive Brake Drum Industry Forecast” looks at past sales and reviews total world Automotive Brake Drum sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Brake Drum sales for 2023 through 2029. With Automotive Brake Drum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Brake Drum industry.

This Insight Report provides a comprehensive analysis of the global Automotive Brake Drum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Brake Drum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Brake Drum market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Brake Drum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Brake Drum.

The global Automotive Brake Drum market size is projected to grow from US$ 2203 million in 2022 to US$ 2187.1 million in 2029; it is expected to grow at a CAGR of 2187.1 from 2023 to 2029.

Global Automotive Brake Drum key players include Continental, Federal-Mogul, STEMCO, TRW, Aisin Takaoka, etc. Global top five players hold a share about 10%.

Europe is the largest market, with a share about 30%, followed by North America and Japan, having a total share about 30 percent.

In terms of product, Ductile iron castings is the largest segment, with a share about 50%. And in terms of application, the largest application is Commercial Vehicle, followed by Passenger Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Brake Drum market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Ductile iron castings

Grey iron castings

Other

Segmentation by application

Commercial Vehicle

Passenger Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Continental

Tenneco(Federal-Mogul)

STEMCO

TRW

Aisin Takaoka

BPW

Brembo

Meritor

Accuride Wheel End Solutions

Sharp Group

Bendix

ACDelco

Webb

LPR

Centric

SJ

Brake Parts Inc

Dura Brake

Longji Machinery

Hongma

Fubang V-Ti

Winhere

AIRUI

JAC

Laizhou Sanli

Xiangyang Juxin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Brake Drum market?

What factors are driving Automotive Brake Drum market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Brake Drum market opportunities vary by end market size?

How does Automotive Brake Drum break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.