Global Automotive Brake Shoe Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Leading/trailing, Twin leading, and Duo-servo type.

By Vehicle Type;

Passenger cars, Light commercial vehicles, and and Heavy commercial vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn308415325 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Automotive Brake Shoe Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Brake Shoe Market was valued at USD 1,120.45 million. The size of this market is expected to increase to USD 1,822.88 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The global automotive brake shoe market stands as a vital segment within the automotive industry, playing a crucial role in ensuring vehicle safety and performance. As vehicles continue to evolve with advancements in technology and design, brake systems remain fundamental components that require constant innovation to meet safety standards and consumer demands. The market's dynamics are shaped by factors such as regulatory requirements, technological advancements, consumer preferences, and the overall growth of the automotive sector worldwide.

There has been a noticeable shift towards the adoption of advanced materials and manufacturing techniques in brake shoe production. Manufacturers are increasingly focusing on enhancing the durability, reliability, and performance of brake shoes while also addressing environmental concerns. Additionally, the market is witnessing a growing trend towards the integration of electronic systems such as anti-lock braking systems (ABS) and electronic stability control (ESC), further driving the demand for advanced brake shoe solutions.

Regional variations in consumer preferences, vehicle usage patterns, and regulatory frameworks significantly impact the global automotive brake shoe market. Emerging economies are witnessing rapid urbanization and industrialization, leading to increased vehicle sales and subsequently boosting the demand for automotive brake shoes. Conversely, in mature markets, such as North America and Europe, stringent safety regulations and a focus on reducing emissions are driving innovation in brake shoe technology. As the automotive industry continues to evolve, the global brake shoe market is poised for further expansion, propelled by technological advancements, safety concerns, and shifting consumer expectations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Region
  4. Global Automotive Brake Shoe Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle Production and Sales
        2. Urbanization and Infrastructure Development
        3. Consumer Preferences and Demand for Comfort
      2. Restraints
        1. Market Saturation and Competition
        2. Increasing Vehicle Lifespans
        3. Rising Adoption of Electric and Hybrid Vehicles
      3. Opportunities
        1. Aftermarket and Maintenance Services
        2. Expansion of Electric and Hybrid Vehicle Market
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Brake Shoe Market, By Type, 2020 - 2030 (USD Million)
      1. Leading/trailing
      2. Twin leading
      3. Duo-servo type
    2. Global Automotive Brake Shoe Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Light commercial vehicles, and
      3. Heavy commercial vehicles
    3. Global Automotive Brake Shoe Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bosch Auto Parts
      2. BNA Automotive India Pvt Ltd
      3. Woking
      4. ACDelco
      5. Meritor, Inc
      6. Tribo
      7. Brake Parts Inc. LLC
      8. MAT HOLDINGS INC
      9. ASK Automotive Pvt. Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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