Automotive Brake Shoe Market Size 2021 | Industry Share | Trend and Growth Forecast to 2027

Automotive Brake Shoe Market Size 2021 | Industry Share | Trend and Growth Forecast to 2027

Automotive Brake Shoe Industry Highlights:

Global Automotive Brake Shoe Market is anticipated to register a 7% CAGR between 2020 and 2026 and reach an approximate value of USD 15 Billion in 2026. A brake plays an important role in bringing a vehicle to stop or halt position. Drum brakes are the most commonly used brakes in a vehicle, of which brake shoes are an integral part. The brake shoe, a high-friction material curved piece of metal, is attached to the backing plate inside the brake drum. It is attached using a series of springs and levers.

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Global Automotive Brake Shoe Market, 2020–2026:

In 2019, Asia-Pacific Contributed Significantly to the Automotive Brake Shoe Market in Terms of Share: MRFR

Based on region, the automotive brake shoe market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific accounts for a major share of the automotive brake shoe market, owing to being a hub for vehicle production and high aftermarket sales of brake shoes in the region, especially in China and India. The automotive brake shoe market is segmented based on type, vehicle type, sales channel, and region. Based on the type, the global automotive brake shoe market has been segmented into leading/trailing, twin leading, and duo-servo type. The leading/trailing brake shoe type is mainly used in passenger car applications. In contrast, the other two types of automotive brake shoes are used in heavy trucks and other commercial vehicles wherein a strong braking force is required. Based on vehicle type, the global automotive brake shoe market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on sales channel, the global market for automotive brake shoes has been bifurcated into OEM and aftermarket. The OEM segment held a significant share of the global market in 2019.

Global Automotive Brake Shoe Market is anticipated to register a 7% CAGR between 2020 and 2026 and reach an approximate value of USD 15 Billion by 2026.


Automotive Brake Shoe Market: Scope of the Report

This report provides an in-depth analysis of the global automotive brake shoe market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the Automotive Brake Shoe market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the Global Automotive Brake Shoe Market By Type, Vehicle, Sales Channel, and Region.

Type
 Leading/Trailing

Twin Leading

Duo-Servo Type

Vehicle Type
 Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Sales Channel
 OEM

Aftermarket

By Region
 North America 

Asia-Pacific 

Europe

Rest of the World

Key Players:

Key players in the global market for automotive brake shoes are Bosch Auto Parts (Germany), BNA Automotive India Pvt Ltd (India), Woking (Spain), ACDelco (US), Meritor, Inc. (US), Tribo (Ukraine), Brake Parts Inc. LLC. (US), MAT HOLDINGS INC. (US), ASK Automotive Pvt. Ltd. (India), Kampol company (Poland), S.L. (Spain), SBS Friction A/S (Denmark), and TRW Automotive (US), among others.

Table Of Contents

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 PRIMARY RESEARCH

3.2 SECONDARY RESEARCH

3.3 MARKET CAPACITY ESTIMATION

3.4 FORECAST MODEL

3.5 LIST OF ASSUMPTIONS

3.6 LIMITATIONS OF THE STUDY

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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