Global Automotive Drum Brake Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Automotive Drum Brake 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 Drum Brake portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Drum Brake market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Drum Brake 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 Drum Brake.

The global Automotive Drum Brake market size is projected to grow from US$ 2203 million in 2022 to US$ 2849.6 million in 2029; it is expected to grow at a CAGR of 2849.6 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 Drum Brake market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Normal Braking
Automatic Self-adjustment
Emergency Braking

Segmentation by application
Passenger Cars
Commercial 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.
Bosch
Aisin Seiki
Continental
ATE
Cardone
Dorman Products
Tenneco(Federal-Mogul)
Akebono Brakes

Key Questions Addressed in this Report

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

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

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

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

How does Automotive Drum Brake 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.