Global Drum Brake System Market Size, Status and Forecast 2020-2026
Many cars have drum brakes on the rear wheels and disc brakes on the front. Drum brakes have more parts than disc brakes and are harder to service, but they are less expensive to manufacture, and they easily incorporate an emergency brake mechanism.
China is the largest production country with the production market share 28% in 2015. Because most of the big multinational manufacturers have their plants in China, and there are also many local manufacturers in China.
Market Analysis and Insights: Global Drum Brake System Market
In 2019, the global Drum Brake System market size was US$ 3055 million and it is expected to reach US$ 3638.5 million by the end of 2026, with a CAGR of 2.5% during 2021-2026.
Global Drum Brake System Scope and Market Size
Drum Brake System market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Drum Brake System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Drum Brake System market is segmented into Leading Trailing Shoe Brake, Dual Two Trailing Shoe Brake, Dual Two Leading Shoe Brake, etc.
Segment by Application, the Drum Brake System market is segmented into Passenger Vehicle, Commercial Vehicle, etc.
Regional and Country-level Analysis
The Drum Brake System market is analysed and market size information is provided by regions (countries).
The key regions covered in the Drum Brake System market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscapeand Drum Brake System Market Share Analysis
Drum Brake System market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Drum Brake System business, the date to enter into the Drum Brake System market, Drum Brake System product introduction, recent developments, etc.
The major vendors include ZF TRW, Mando Corporation, Akebono Brake Industry, Aisin Seiki, Continental, CBI, Nissin Kogyo, APG, Knorr-Bremse AG, XinYi, CCAG, TAIFENG, Shandong Aoyou, etc.
This report focuses on the global Drum Brake System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Drum Brake System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Akebono Brake Industry
Market segment by Type, the product can be split into
Leading Trailing Shoe Brake
Dual Two Trailing Shoe Brake
Dual Two Leading Shoe Brake
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Drum Brake System status, future forecast, growth opportunity, key market and key players.
To present the Drum Brake System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Drum Brake System are as follows:
History Year: 2015-2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.