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

By Type;

Disc Brake, and Drum Brake.

By Application;

Passenger car, and Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn616540581 Published Date: April, 2024 Updated Date: May, 2024

Introduction

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

In the year 2023, the Global Automotive Drum Brake Market was valued at USD 5,826.85 million. The size of this market is expected to increase to USD 8,308.92 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The global automotive drum brake market is a crucial segment within the automotive industry, playing a significant role in ensuring vehicle safety and performance. Drum brakes have long been a staple in automotive braking systems, particularly in heavy-duty and commercial vehicles, due to their reliability and effectiveness in various driving conditions. As the automotive industry continues to evolve with advancements in technology and safety standards, the global market for automotive drum brakes is poised for steady growth, driven by factors such as increasing vehicle production, stringent safety regulations, and the growing demand for commercial vehicles worldwide.

The growth of the global automotive drum brake market is the rising production of commercial vehicles across emerging economies. With expanding economies and infrastructural developments, there is a heightened need for transportation and logistics, leading to increased demand for commercial vehicles equipped with reliable braking systems. Drum brakes, known for their durability and ability to withstand heavy loads, remain a preferred choice for manufacturers catering to the commercial vehicle segment, further fueling the market's growth.

Stringent safety regulations imposed by governments and regulatory bodies worldwide are pushing automotive manufacturers to prioritize safety features in vehicles, including braking systems. Drum brakes, with their proven track record of reliability and cost-effectiveness, continue to find widespread adoption in various vehicle segments, contributing significantly to the global automotive drum brake market's expansion. Additionally, ongoing technological advancements aimed at enhancing the performance and efficiency of drum brakes are expected to further drive market growth, ensuring their relevance and prominence in the automotive industry for the foreseeable future.

  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 Application
    3. Market Snapshot, By Region
  4. Global Automotive Drum Brake Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Commercial Vehicles
        2. Expansion of Commercial Vehicle Fleets
        3. Cost-Effectiveness and Reliability
      2. Restraints
        1. Performance Limitations
        2. Regulatory Shifts towards Disc Brakes
        3. Shift towards Electric and Autonomous Vehicles
      3. Opportunities
        1. Transitioning Markets
        2. Customization and Differentiation
        3. Aftermarket Demand
    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 Drum Brake Market, By Type, 2020 - 2030 (USD Million)
      1. Disc Brake
      2. Drum Brake
    2. Global Automotive Drum Brake Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger car
      2. Commercial Vehicles
    3. Global Automotive Drum Brake 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
      2. Aisin Seiki
      3. Continental
      4. AKEBONO BRAKE INDUSTRY CO., LTD.
      5. ZF Friedrichshafen AG
      6. ADVICS CO.,LTD.
      7. Hitachi Astemo, Ltd.
      8. Brembo S.p.A
      9. Robert Bosch GmbH
      10. Haldex
      11. The Web Co
      12. NISSIN KOGYO Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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