Press release
Automotive Drum Brake Market to reach USD 3.88 Bn by 2029, emerging at a CAGR of 12 percent and forecast 2023-2029
Automotive Drum Brake Market
A drum brake is a critical component of the automotive industry, commonly found in heavy-duty and medium-duty commercial vehicles. As the global automobile industry continues to expand and government initiatives promote awareness of braking systems, automotive manufacturers are increasingly focusing on improving these systems. This, in turn, is expected to drive the growth of the automotive drum brake market on a global scale.
The comprehensive report provides a detailed analysis of the global automotive drum brake industry, classifying the market based on type, application, and region. It also analyzes market dynamics from 2017 to 2022, allowing readers to compare past trends with current market conditions and assess the contributions of key players.
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Automotive Drum Brake Market Research Methodology:
The report profiles sixteen key players in the market from various regions, taking into account market leaders, followers, and new entrants, along with investors. The report thoroughly examines the manufacturing environments in each region, focusing on their impact on manufacturing costs, supply chains, raw material availability, labor costs, advanced technology availability, and trusted vendors.
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What are Automotive Drum Brake Market Dynamics:
The growth of the automotive industry and the production of commercial and passenger vehicles have increased the demand for automotive drum brakes. These brakes are especially prevalent in commercial vehicles due to their simplicity, cost-efficiency, and compatibility with hydraulic and mechanical actuators. Additionally, their placement inside the hub reduces the risk of external damage and can enhance braking force without requiring a power booster.
Automotive Drum Brake Market Regional Insights:
North America: The region is a key market for drum brakes, with growing vehicle production, a demand for affordable cars, favorable economic conditions, and government regulations promoting cross-border trade. High car ownership rates in North America are expected to boost demand for automotive drum brakes in the forecast period.
Mexico: Many drum brake manufacturers have established production units in Mexico to reduce production costs and increase revenue through exports. The country offers cost-effective labor and technological advancements, further driving the demand for drum brakes.
Asia Pacific: Rapid urbanization and industrialization in the region have made it a significant player in the global drum brakes market. Developing nations like India and China are adopting drum brakes due to the expanding automotive sector, fueling market growth in the Asia Pacific region.
For more information and a detailed analysis of the Global Automotive Drum Brake Market, please refer to the full report.
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What is Automotive Drum Brake Market Segmentation:
by Product Type
• Leading Trailing Shoe Brake
• Two Leading Shoe Brake
• Servo Brake
by Vehicle Type
• Commercial Vehicles
• Passenger Vehicles
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
Who are Automotive Drum Brake Market Key Players:
• 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
• ZF TRW
• Mando Corporation
• Nissin Kogyo
• APG
• Knorr-Bremse AG
• XinYi
Table of content for the Automotive Drum Brake Market includes:
Global Automotive Drum Brake Market: Research Methodology
Global Automotive Drum Brake Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automotive Drum Brake Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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