Drum Brake Market looks to expand its size in Overseas Market

The latest research study released by AMA on the Drum Brake Market offers over 181+ pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The Drum Brake study combines qualitative and quantitative market data, primarily collected and validated through primary and secondary sources.

Some are the key & emerging players that are part of coverage and have being profiled are TRW Automotive (United States), Mando Corporation (South Korea), Akebono Brake Industry (Japan) , Aisin Seiki (Japan), KRAFT-TEK (Germany), Continental AG (Germany), Nissin Kogyo (Japan), Zhejiang Asia-Pacific Mechanical & Electronic Co. Ltd. (China), Knorr-Bremse AG (Germany), XinYi (China), Shandong Taifeng Brack System Co Ltd (China).

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A drum brake is a brake system with brake drums, which rotate with the wheels. Inside each drum are brake shoes fitted with brake linings. Pistons press against the drums from the inside to generate braking force, thus making it possible to decelerate and stop the vehicle. Drum breaks are usually used on the rear wheels of cars or heavy-duty vehicles because of the need for a parking brake.Drum brakes have brake drums that rotate with the wheels. Inside each drum are brake shoes fitted with brake linings. Drum brakes generate consistent braking force whether the vehicle travels forward or backward. Drum brakes can provide more braking force. Drum brakes are commonly used in commercial vehicles such as trucks and buses due to their durability and ability to handle heavy loads There are the wide ranges of advantages of drum brakes including, Lower cost, Simple installation, they protect the braking system from water, ice, mud, Low heat generation due to less friction, Provides an increased automated braking force. etc. Ongoing research and development efforts to improve drum brake technology may lead to enhanced performance, durability, and efficiency. Innovations in materials and design can make drum brakes more appealing to manufacturers.

Influencing Market Trend:
• Technological Advancements in Drum Brakes

Market Drivers:
• Increasing Stringency of Automotive Active Safety Regulations
• Growing Automotive Industry Worldwide
• The Rising Demand for Heavy Commercial Vehicles

Opportunities:
• The Growth Opportunities from APAC Region

Challenges:
• Intense Competitive Rivalry among the Players

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In January 2023, Brakes India, a TSF Group company launched their Motor on Drum brakes for the passenger car segment. The company, with over 60 years of expertise in the mobility space, also displayed their air braking system, iron castings and the aftermarket portfolio for both light and commercial vehicle segments.

Analysis by Type (Leading trailing shoe brake, Dual two trailing shoe brake, Dual two leading shoe brake), Application (Passenger Vehicle, Commercial Vehicle), Sales Channel (OEM's, Aftermarket)

Competitive Landscape Highlighting Important Parameters That Players Are Gaining Along With the Market Development/Evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [TRW Automotive (United States), Mando Corporation (South Korea), Akebono Brake Industry (Japan) , Aisin Seiki (Japan), KRAFT-TEK (Germany), Continental AG (Germany), Nissin Kogyo (Japan), Zhejiang Asia-Pacific Mechanical & Electronic Co. Ltd. (China), Knorr-Bremse AG (Germany), XinYi (China), Shandong Taifeng Brack System Co Ltd (China) ,]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

The regional analysis of Global Drum Brake Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2032.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Highlights of The Report
• The future prospects of the global Drum Brake market during the forecast period 2024-2032 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Drum Brake market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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