Report Scope & Overview:
Automotive Brake Shoe Market Size was valued at USD 10.10 billion in 2022 and is expected to reach USD 17.63 billion by 2030 and grow at a CAGR of 7.2% over the forecast period 2023-2030.
A brake shoe is a curved piece of metal that is used in the braking system of a vehicle. Inside the brake drum systems, it transports the brake lining. This metal has a friction substance integrated into it that is set aside. The automobile brake shoe is put on the inside of the drum during brake operation, forcing the brake shoe to move and pressing the lining that is positioned on the outside against the drum's inside. The braking effort is then provided by friction between the drum and the lining, where the energy is lost as heat. Brake shoes have a significant impact on the vehicle's braking system.
Despite the fact that they serve the same purpose, brake shoes and brake pads are not the same. In recent years, the brake shoe market has seen a number of advancements.
This automotive brake shoe system requires little effort to monitor vehicle speed and produces very little noise and vibration. Drum brakes generate more heat than brake pads. It causes less harm to the discs and increases their durability due to the low heat.
In 2020, Continental AG has developed a third-generation anti-lock braking system (ABS) that adjusts to vehicle speeds and provides safer, more regulated, and optimal braking performance.
Introducing breakthrough technology for the creation of lightweight braking systems.
Consumers' per capita disposable income levels are rising, & electro-mobility developments.
The market is developing due to improved braking effectiveness & increasing disc brake use.
Due to increased industrialization & modernization, there is a growing demand for commercialization.
The market's growth is being stifled by rising demand for disc brakes in automobiles.
Market growth is projected to be hampered by rising raw material prices and strict government regulations.
The development of organic fibers and the regular introduction of innovations in braking systems.
The market is being boosted by technology that helps the optimization of safety systems.
Brake shoes overheating.
One of the biggest hurdles to the market's growth is the rise of severe laws linked to brake system heating.
IMPACT OF COVID-19:
The entire world has been adversely impacted by the COVID-19 pandemic. Businesses are lost as a result of the installation of lockdowns and limits on various commercial activities. Similarly, producer constraints and supply chain disruptions are constraining car brake pad manufacturers all around the world. Several vehicle brake pad manufacturers' demand and supply cycles have slowed as a result of the recent lockout.
Manufacturing companies confront a slew of issues as a result of the lockdown, including a scarcity of raw materials, a labor shortage, and supply chain interruptions, all of which result in production and installation halts across the impacted countries. As a result of the pandemic, the automobile brake shoe market will be significantly impacted in 2020. Further, the worldwide market is rapidly growing its market value in the post-lockdown phase, recouping the loss caused by the pandemic.
Market, By Type:
Based on the type segment, the global market has been divided into Leading/trailing, twin leading, and Duo servo. When placed against the drum, the leading shoe rotates in the same direction as the drum. During forward and backward braking, this type of brake shoe is required. It has a consistent braking force. In most passenger automobiles, the leading shoe is used. Due to these factors, the leading/trailing type of shoe segment is expected to dominate the brake shoe market over the forecast period.
Market, By Vehicle Type:
The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. Due to increased automobile manufacturing, the passenger car segment has the biggest market share among them. Because of the expanding logistics and construction industries, HCVs will see significant expansion. HCVs transport big loads and, in order to meet the increased demand for safety at high speeds, they require effective braking systems.
Market, By Sales Channel:
The global market has been divided into OEM and Aftermarket based on the sales channel segment. Because of the simple accessibility of parts, low cost, professional technical team, and availability of good service facilities and service stations, the aftermarket segment is expected to drive the brake shoe market over the forecast period. To improve braking effectiveness, vehicle manufacturers are adding novel and modern brake shoes into their vehicles.
By Vehicle Type:
By Sales Channel:
Europe, Asia-Pacific, North America, the Middle East, and Africa are the four key regions in which the automotive brake shoe market is divided. Because of the high adoption of automotive brake shoes and rising automobile production, Asia-Pacific has the greatest automotive brake shoe market share among these regions. Furthermore, rising demand for both passenger and commercial cars is propelling the industry in this region to new heights. Due to rising demand for passenger automobiles and strict vehicle safety rules, Europe is expected to hold the second-largest market share. Many market participants are seeing profitable potential in growing economies such as China and India, where enormous populations are combined with new developments in a variety of industries.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Continental AG, Bosch Auto Parts (Germany), Woking (Spain), ACDelco (US), BNA Automotive India Pvt Ltd (India), Meritor, Inc. (US), Brake Parts Inc. LLC. (US), Tribo (Ukraine), MAT HOLDINGS INC. (US), ASK Automotive Pvt. Ltd. (India), S.L. (Spain), SBS Friction A/S (Denmark), Kampol company (Poland), and TRW Automotive (US) are some of the affluent competitors with significant market share in the Automotive Brake Shoe Market.
Continental AG-Company Financial Analysis
|Market Size in 2022||US$ 10.10 Billion|
|Market Size by 2030||US$ 17.63 Billion|
|CAGR||CAGR of 7.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Leading/Trailing, Twin Leading, Duo Servo)
• by Vehicle Type (Passenger cars, LCV, HCV)
• by Sales Channel (OEM, Aftermarket)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Continental AG, Bosch Auto Parts (Germany), Woking (Spain), ACDelco (US), BNA Automotive India Pvt Ltd (India), Meritor, Inc. (US), Brake Parts Inc. LLC. (US), Tribo (Ukraine), MAT HOLDINGS INC. (US), ASK Automotive Pvt. Ltd. (India), S.L. (Spain), SBS Friction A/S (Denmark), Kampol company (Poland), and TRW Automotive (US)|
|Key Drivers||•Introducing breakthrough technology for the creation of lightweight braking systems.
•Consumers' per capita disposable income levels are rising, & electro-mobility developments.
|RESTRAINTS||•The market's growth is being stifled by rising demand for disc brakes in automobiles.
•Market growth is projected to be hampered by rising raw material prices and strict government regulations.
The expected value of the Automotive Brake Shoe Market is USD 17.63 billion by 2030.
The CAGR of the Automotive Brake Shoe Market is 7.2 % over the forecast period 2023-2030.
Asia-Pacific region is dominating the Automotive Brake Shoe Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Brake Shoe Market Segmentation, By Type
8.2 Twin Leading
8.3 Duo Servo
9. Global Automotive Brake Shoe Market Segmentation, By Vehicle Type
9.1 Passenger cars
10. Global Automotive Brake Shoe Market Segmentation, by Sales Channel
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Meritor Inc. (US),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Bosch Auto Parts (Germany)
12.3 Woking (Spain)
12.4 ACDelco (US)
12.5 BNA Automotive India Pvt Ltd (India)
12.6 Meritor, Inc. (US)
12.7 Brake Parts Inc. LLC. (US)
12.8 Tribo (Ukraine)
12.9 MAT HOLDINGS INC. (US)
12.10 ASK Automotive Pvt. Ltd. (India)
12.11 S.L. (Spain)
12.12 SBS Friction A/S (Denmark)
12.13 Kampol company (Poland)
12.14 TRW Automotive (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Dump Trucks Market size is expected to reach USD13.8 Bn by 2030 with a CAGR of 6.8%. The base value for dump truck market was recorded USD 8.19 Bn in 2022.
Automotive Intelligent Door System Market Size was valued at USD 2.50 billion in 2022 and is expected to reach USD 7.66 billion by 2030 and grow at a CAGR of 15% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone