The marketis segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Product Type (Leading/Trailing, Twin Leading, and Duo-Servo), by Sales Channel Type (OEM and Aftermarket), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The market is segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Product Type (Leading/Trailing, Twin Leading, and Duo-Servo), by Sales Channel Type (OEM and Aftermarket), and by Region (North America [The USA, Canada, and Mexico], Europe [German...
The automotive brake shoe market is expected to grow at a promising CAGR of 7.2% during the forecast period.
Want to know more about the market scope:
Market Dynamics
These factors are expected to boost the demand for automotive brake shoe market in the coming years:
Continuously growing economies, urbanization, and various supportive government policies are all contributing to the production and consumption of automobiles in both developed and developing countries worldwide.
Demand for both, passenger and commercial vehicles, is on the rise, given the rising personal disposable income of consumers.
Automotive Brake Shoe?
Automotive brake shoes are a type of brake pad that presses against the inside surface of a drum to stop a wheel's rotation. They are usually made of cast iron and can be organic or ceramic in nature. The friction caused by the brake shoe on the inner surface of the brake converts kinetic energy into heat and causes the drum to stop moving.
Automotive Brake Shoe Market Features
Market Growth (2023-2028)
CAGR of 7.2%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Segment Covered
By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles),
By Product Type (Leading/Trailing, Twin Leading, and Duo-Servo),
By Sales Channel Type (OEM and Aftermarket),
By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Dominant Region
Asia-Pacific is expected to remain the largest region in the market for automotive brake shoes during 2023-2028.
Key Players
Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage.
The following are some of the key players in the market:
The market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are expected to be the largest segment during 2023-2028.
The changing lifestyle and increasing disposable income are one of the major factors driving the sales of passenger cars, which is expected to drive the demand for brake shoes during 2023-2028.
Product Trends
The market is bifurcated into leading/trailing, twin leading, and duo-servo. Twin leading brake shoe systems are likely to remain the most popular segment during the assessment period due to their high efficiency in forward braking and ability to operate without the use of a power brake booster.
All three types of systems use a similar composition, but their functions are different. Leading/trailing brake shoe system, for instance, is very common in the rear wheels of front-wheel drive systems.
Regional Analysis
Asia-Pacific is expected to remain the largest region in the market for automotive brake shoes during 2023-2028. Major global automakers prefer to source parts and components from Asia-Pacific as they are cheaper there than in other regions.
Know more about Dominant Region:
Along with this growth, the region's automobile sector is expected to drive the product demand in the regional market. North America and Europe, on the other hand, are expected to clock substantial gains during the forecast period as they focus more on the development of EVs.
Segmentation
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Product Type
Leading/Trailing
Twin Leading
Duo-Servo
By Sales Channel Type
OEM
Aftermarket
By Region
North America (USA, Canada, and Mexico)
Europe (Germany, France, The UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Brazil, Argentina, and Others).
, to know the market segment details.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
Report – Features
Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
>15
No. of Figures & Tables
>130
Company Profiles
5
The following are the key features of the report:
Overview, industry life cycle and supply chain analysis.
Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
Trend and forecast analysis.
Segment trend and forecast.
Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Target Audience
The target audience of the automotive brake shoe market includes-
Automotive Brake Shoe Vendors
Automotive Brake Shoe Manufacturers
Automotive Brake Shoe Distributors
Organizations
Government Bodies.
COVID-19 Impact
Following the pandemic's outbreak, the automotive brake shoe market experienced a decline. The wrath of the pandemic wreaked havoc across the automotive industry. As a result of supply chain disruptions, cash flow constraints, and temporary shutdowns in manufacturing facilities, the demand for automotive brake shoes decreased.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2028, base year is 2022, estimated year is 2023, and Assessment period is 2023-2028. Following are the critical questions answered in the report.
What are the key trends in the global market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on global market?
What are the key strategies adopted by the major vendors to lead in the global market?
What is the market share of the top vendors?
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
Share Your CommentEnter your contact details so our analysts can reach out to you
The report is delivered digitally through our online portal. Buyers receive login credentials from our team to access the report and may update their credentials at any time after the initial login.
Delivery timelines depend on the status of the report:
Published reports are typically delivered within 24 hours.
If the dataset is ready but the report is still being prepared, the dataset is usually delivered within 24 hours, while the completed report is delivered within 2 weeks.
For ongoing studies, both the dataset and the final report are generally delivered within 4–5 weeks .
For the most accurate delivery timeline, please contact us to confirm the current status of the report.
Yes. The scope of the report can be fully customized to align with your specific research objectives and information requirements.
Please contact us at [email protected], and our team will be happy to discuss your requirements and propose a tailored solution.
Yes. Selected sections of the report can be purchased separately based on your requirements. Please contact us at [email protected] to discuss your needs.
Yes, AI can help gather publicly available information, but its outputs are only as reliable as the data it accesses. Stratview Research reports are built using validated data, extensive primary interviews with industry stakeholders, and the expertise of our experienced research team.
Additionally, many critical insights, including market dynamics, competitive intelligence, and industry-specific trends, are not publicly available and therefore cannot be captured through AI alone.
Automotive brake shoes are a type of brake pad that presses against the inside surface of a drum to stop a wheel's rotation. They are usually made of cast iron and can be organic or ceramic in nature. The friction caused by the brake shoe on the inner surface of the brake converts kinetic energy into heat and causes the drum to stop moving.
Continuously growing economies, urbanization, and various supportive government policies are all contributing to the production and consumption of automobiles in both developed and developing countries worldwide. Such an aspect is expected to drive the recovery and growth of the market in the coming years. Also, the demand for both, passenger and commercial vehicles, is on the rise, given the rising personal disposable income of consumers.
Asia-Pacific is estimated to be the fastest-growing region in the coming years. This growth can be attributed to rapid urbanization and rising demand for passenger and commercial vehicles due to increasing disposable income of people in the region.
Bosch Auto Parts, BNA Automotive India Pvt. Ltd., ACDelco, Meritor, Inc., Brake Parts Inc., MAT Holdings, Inc., Tribo, ASK Automotive Pvt Ltd., Kampol, and SBS Friction A/S are some of the key players in the market.
Twin leading brake shoe systems are likely to maintain their dominance in the market over the next five years due to their high efficiency in forward braking and ability to operate without the use of a power brake booster.
