Press release
The Automotive Drum Brake Market To Grow On An Unabated Note
In heavy-duty and medium-duty commercial vehicles mostly drum brakes are equipped. Referring to increasing production of vehicles the demand for automotive drum brakes is escalating.
Campaigns by the automotive governing council to increase the awareness of braking systems are urging the automotive manufacturers to improve braking systems. This is subsequently predicted to surge the demand for automotive drum brake systems in the forecast period.
Pre-Book Right Now for Exclusive Analyst Support @ https://www.persistencemarketresearch.com/checkout/29722
Automotive Drum Brake Market: Dynamics
The demand for drum brakes is increasing owing to the rise in production of commercial and passenger vehicles. The automotive drum brakes are majorly used in commercial vehicles on account of being most cost-efficient braking system. Moreover, the installation of drum brakes is uncomplicated and they can operate using hydraulic and mechanical actuators.
On account of being equipped with servo brakes that can multiply braking force, a power booster for increasing the braking force is not required for drum brakes. Furthermore, it is placed inside the wheel hub, decreasing the chances of external damage and frequent replacement. Owing to these factors the maintenance cost of drum brakes is low, driving the demand for the automotive drum market.
The automotive drum brake market is affected by development in disc brakes market in last few years, as disc brakes are relatively more efficient and require less maintenance. The passenger vehicles are implementing disc brakes for front wheels and drum brakes for rear wheels.
Expansion and development in disc brake market is expected to curtail the automotive drum brake market during forecast period. However the installation of disc brakes is complex and maintenance cost is more. So, equipping disc brakes will lead to rise in cost of heavy vehicles. Additionally, the low growth of commercial vehicles is hampering the growth in automotive drum brakes market.
One of the latest innovation that will create surge in automotive drum market is rising trend of electric parking brake (EPB) for compact cars having drum brakes. Manufacturers have introduced braking system with merging EPB and drum brakes, moreover the hand brake lever is likely to be replaced by advanced features in coming years. These will be responsible for elevating the automotive drum brake market in the forecasted period.
Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com
Automotive Drum Brake Market: Segmentation
Product Type
Leading Trailing Shoe Brake
Two Leading Shoe Brake
Servo Brake
By braking type
Normal Braking
Automatic Self-adjustment
Emergency Braking
By application
Passenger vehicles
Commercial Vehicles
Light commercial vehicles
Heavy commercial vehicles
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/29722
Automotive Drum Brake Market: Regional Outlook
The automotive drum brake market for countries in Asia Pacific region expanding due to the larger production of vehicles in the region followed by the North America which is a major producer of the commercial vehicles. However, the market for Europe is likely to be contracted on account of rising preference toward disc brakes even for commercial vehicles.
For the countries in Asia Pacific region like China, India, Japan etc., the factors such as the increase in number of constructional activities and the smart city initiatives by the governments, will drive the market for commercial vehicles, which in turn is expected to escalate the growth in automotive drum market. These factors are anticipated to make the dominance of Asia Pacific region in global automotive drum market.
For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/29722
Automotive Drum Brake Market: Key Participants
Some of the key participants in global automotive drum market are:
Aisin Seiki Co. Ltd
Akebono Brake Industry Co. Ltd.
Continental AG
Brembo S.p.A.
Federal-Mogul Corporation
TRW Automotive
Haldex Group
Hella Pagid GmbH
Bosch Ltda.
Cardone
Dorman Products
Federal-Mogul
The research report presents a comprehensive assessment of the Automotive drum brake market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
Contact Us:
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Automotive Drum Brake Market To Grow On An Unabated Note here
News-ID: 2549934 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
