09-11-2017 12:12 PM CET - Logistics & Transport

Automotive Drum Brake Market Analysis and Value Forecast Snapshot by End-use Industry 2017-2025

Press release from: Transparency Market Research

Drum brakes are radial brakes which make use of friction caused by two brake shoes pressing outward against a spinning friction surface called drum. While disc brakes are capable of offering better braking performance and are more common in modern automobiles, drum brakes are still used for quite a few applications. These brakes are often found on the real wheel of entry level cars to achieve cost savings. Some automobiles use a braking system which partially comprises drum brakes. They make use of the friction applied to metal drums which are attached to the car wheels for stopping or slowing the vehicle.

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High cost of disc brakes and the increasing sales of commercial vehicles are the primary growth drivers of the global automotive drum brakes market. Though there are several advantages associated with disc brakes, the high cost involved in manufacturing and installing these brakes are pushing the original equipment manufacturers to equip automobiles in lower variants with drum brakes. Additionally, overall improvements in the manufacturing techniques and design of drum brakes are also fueling the market growth. A growing trend has been observed in the market of adding electric parking brakes to compact vehicles with drum brakes. For instance: Continental AG has developed a new braking system by combining drum brakes and electric parking brakes, which can be equipped easily in compact cars.

The global automotive drum brake market has been segmented on the basis of vehicle type and region. The global market has been trifurcated on the basis of vehicle type into passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Passenger vehicles held the highest share of the global market in 2016. The growing demand of automotive drum brakes in passenger cars can be primarily attributed to rising income levels in the emerging economies and growing demand for compact cars. However, the penetration of drum brakes in commercial vehicles is high, owing to which light and heavy commercial vehicles held substantial shares of the market. The global automotive drum brake market has been further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. Among all the regions, Asia Pacific acquired the largest share of the global market in 2016 and is expected to maintain its dominance throughout the forecast period. The steady growth of the drum brake market in this region can be primarily attributed to the growing production of automobiles in countries such as Japan, India and China coupled with the steadily increasing demand for the mid-segment vehicles. Moreover, the smart cities initiatives taken by the governments in different countries in this region and a rise in construction activities is set to bolster the demand for light commercial and heavy commercial vehicles, thereby boosting the demand for automotive drum brakes.

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The global automotive drum brake market report is inclusive of the market share analysis of the key industry players and the report also offers a strategic overview of their market positioning, product offerings, financials, business strategies and recent developments. The global market is characterized by the presence of few established players and the vendors in this market are strongly focusing on increasing their investments in research and development activities to improve stopping capability of drum brakes and enhance customer experience. Competition among the key players in the global market is set to intensify in the coming years with advancements in government regulations concerning road safety. Some of the major players operating in the global automotive drum brake market include, Aisin Seiki Co., Ltd, Akebono Brake Industry Co., Ltd., Continental AG, Brembo S.p.A., Federal-Mogul Corporation, TRW Automotive, Haldex Group, EBC Brakes and Halla Mando among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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