Press release
Automotive Brake Drum Market: Competitive Dynamics & Global Outlook 2023
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.
As the international economic situation is complicated, in the next few years there will be many uncertainties.
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Global Automotive Brake Drum Market: Forecast by Type / Application / Region
Viewed from the supply side, in the past few years, less company entered into auto brake drum industry. And there is a big supply of automotive brake drum.
Viewed from the demand side, the current demand for brake drum product is relatively low and more and more automobile manufactures choose disk brake to replace drum brake.
Of course, there is still a certain space in the brake drum product demand market.
Ordinary brake drum products on the market do not sell well. Price is lower than past years. The signal of market price change indicates that automotive brake drum industry is over supply on the market.
As low gross margin of automotive brake drum many big companies began to exit the field.
Due to the clear trend of replacement, investors are not optimistic about this area, and in the future, there will not are much new investment enter the field.
For automotive brake drum industry, price fluctuations of raw material are mainly influencing factors for products price.
As the main raw material prices are relatively low and stable, the Automotive Brake Drum prices will be stable in the short term.
The study group recommends the new entrants just having money without technical advantage and upstream and downstream support do not to enter the automotive brake drum field.
Over the next five years, LPI(LP Information) projects that Automotive Brake Drum will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Automotive Brake Drum Market: Key Players
Continental
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
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Related Information:
United States Automotive Brake Drum Market Research Report 2018
Europe Automotive Brake Drum Market Research Report 2018
North America Automotive Brake Drum Market Research Report 2018
Asia-Pacific Automotive Brake Drum Market Research Report 2018
China Automotive Brake Drum Market Research Report 2018
EMEA Automotive Brake Drum Market Research Report 2018
Global Automotive Brake Drum Market Research Report 2018
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