Brake Shoe Market Trends, Growth, Future Demand, Analysis and Forecast by 2029

A brake is a mechanical device which inhibits the motion of the vehicle. In the automotive mainly two types of braking systems are used such as disk and drum brakes. A brake shoe is a component/part of the braking system that carries the brake lining in the drum brakes used on the automotive. The brake shoe is coated with the friction material which is strapped by hydraulic piston against the inner surface of the drum brake system. Brake shoe generates friction in the inner surface of the brake that converts kinetic energy into heat and stops the motion of the drum. There are three types of drum brake shoe systems used in the vehicles; leading/trailing brake shoe, twin leading brake shoe, and duo-servo brake shoe. All three types of systems are self-energizing in at least one direction. In addition, each type of system has used a similar composition but its functions are bit different. Twin leading brake shoe system is most popular in the modern automotive, because of decent efficiency at braking in the forward direction and operate without the power brake booster. Similarly, the leading/trailing brake shoe system is very common in the rear wheels of front-wheel drive systems.

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Brake Shoe Market: Dynamics

In the recent past, the automotive industry witnessed significant growth across the globe. Perennial increase in the sales of the passenger vehicle, two-wheeler, and LCV are significantly contributing to the growth of the brake shoe market. Moreover, continuous growing economies, urbanization or residential sector development, and various supportive government policies are attributing towards the production and consumption of automotive in both developed and developing countries across the globe. Such an aspect is projected to lay a strong platform for the robust growth of the brake shoe market in the coming years. Moreover, changing lifestyle along with rising spending income is also one of the vital factor that boosts the sales of passenger vehicle segment, which in turn, is expected to drive the brake shoe sales during the foreseen trajectory of the market. Furthermore, low maintenance or replacement cost, relatively inexpensive to manufacture, and drum brake system can be more effective as a parking brake in the vehicle compared to disc brakes are also expected to drive the brake shoe sales. However, in the era of technological development, growing consumer preference for disc brake over drum brake to improve braking efficacy of vehicle are anticipated to act as restraint for the brake shoe market growth during the projected time period.

Brake shoe Market: Market participants

Some of the key market participants identified across the value chain of the brake shoe market are:

• Robert Bosch GmbH
• ASK Automotive Pvt. Ltd.
• ACDelco
• Meritor Inc.
• MAT Holdings Inc.
• TRW Automotive Holding Corporation
• BNA Automotive India Pvt. Ltd.
• Tenneco
• MACAS Automotive
• Ford Motor Company
• Continental AG

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The report covers exhaustive analysis on:

• Brake shoe Market Segments
• Brake shoe Market Dynamics
• Brake shoe Market Size
• Brake shoe Market Supply/Demand
• Brake shoe Current Trends/Issues/Challenges
• Brake shoe Competition & Companies involved
• Brake shoe Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Brake Shoe Market : Segmentation

On the basis of type, the brake shoe market has been segmented as:

• Leading/Trailing
• Twin Leading
• Duo-Servo

On the basis of vehicle type, the brake shoe market has been segmented as:

• Two Wheelers
• Passenger Cars
  • Hatchbacks
  • Sedans
  • SUVs
  • MUVs
  • Luxury Cars
• LCV
• HCV

On the basis of sales channel, the brake shoe market has been segmented as:

• OEMs
• Aftermarket

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint