Automotive Drum Brake Market Forecast 2019-2029, Latest Trends and Opportunities

New Study Reports “Automotive Drum Brake Market Global Opportunities, Challenges, Strategies and Forecasts” has been added on Persistence Market Research.

Report Overview

This report provides in depth study of “Automotive Drum Brake Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive Drum Brake Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

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A drum brake is a system consisting set of brake shoes that are forced on the outer drum shaped cover, in order to stop the vehicle. Therefore, it is known as a drum brake. It is an elementary and cost-effective type of brake system used in automotive. The drum brake system is existent from long time and it has become an ingrained part of the automobile industry. 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.

Automotive Drum Brake Market: Dynamics

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.

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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.

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.

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.