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Automotive Brake Shoe Market

Automotive Brake Shoe Market Size, Share and Segmentation by Type (Leading/Trailing, Twin Leading, Duo Servo), by Vehicle Type (Passenger cars, LCV, HCV), by Sales Channel (OEM, Aftermarket), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1611 | June 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Automotive Brake Shoe Market Size was valued at USD 9.43 billion in 2021 and is expected to reach USD 15.34 billion by 2028 and grow at a CAGR of 7.2% over the forecast period 2022-2028.

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.

Automotive Brake Shoe Market Revenue Graph

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.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • 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.

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.

OPPORTUNITIES: 

  • 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.

CHALLENGES: 

  • 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.

KEY MARKET PLAYERS:

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.

MARKET ESTIMATION: 

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.

MARKET SEGMENTATION:

By Type:

  • Leading/Trailing

  • Twin Leading

  • Duo Servo

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

By Sales Channel:

  • OEM

  • Aftermarket

Automotive Brake Shoe Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Automotive Brake Shoe Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 9.43 Billion
Market Size by 2028 US$ 15.34 Billion
CAGR CAGR of 7.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Brake Shoe Market Segmentation, By Type

8.1 Leading/Trailing

8.2 Twin Leading

8.3 Duo Servo

 

9. Global Automotive Brake Shoe Market Segmentation, By Vehicle Type

9.1 Passenger cars

9.2 LCV

9.3 HCV

 

10. Global Automotive Brake Shoe Market Segmentation, by Sales Channel

10.1 OEM

10.2 Aftermarket

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Meritor Inc. (US),

12.1.1 Financial

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

 

14. Conclusion

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.

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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.

Secondary Research

Step 2: Primary Research

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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.

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