Global Drum Brake System Market Growth 2023-2029

Global Drum Brake System Market Growth 2023-2029

Drum brakes work on the same principle as disc brakes: Shoes press against a spinning surface. In this system, that surface is called a drum.

Many cars have drum brakes on the rear wheels and disc brakes on the front. Drum brakes have more parts than disc brakes and are harder to service, but they are less expensive to manufacture, and they easily incorporate an emergency brake mechanism.

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

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

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

The global Drum Brake System market size is projected to grow from US$ 3145.1 million in 2022 to US$ 3762.4 million in 2029; it is expected to grow at a CAGR of 3762.4 from 2023 to 2029.

Global Drum Brake System key players include Akebono Brake Industry, ZF TRW, Continental, Mando Corporation, Nissin Kogyo, etc. Global top five manufacturers hold a share over 65%.

China is the largest market, with a share over 25%, followed by JP & KR and Europe, both have a share over 45%.

In terms of product, Leading trailing shoe brake is the largest segment, with a share over 40%. And in terms of application, the largest application is Commercial Vehicle, followed by Passenger Vehicle, etc.

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

Market Segmentation:

Segmentation by type

Leading Trailing Shoe Brake

Dual Two Trailing Shoe Brake

Dual Two Leading Shoe Brake

Segmentation by application

Passenger Vehicle

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.

ZF TRW

Mando Corporation

Akebono Brake Industry

Aisin Seiki

Continental

CBI

Nissin Kogyo

APG

Knorr-Bremse AG

XinYi

CCAG

TAIFENG

Shandong Aoyou

Key Questions Addressed in this Report

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

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

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

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

How does Drum Brake System 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.