Global Truck Drum Brake Market Overview
"The Truck Drum Brake Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
A drum brake system consists of brake shoes, hydraulic wheel cylinders, and a brake drum. When the brake pedal is applied the two curved brake shoes are forced by hydraulic wheel cylinders against the inner surface of the rotating brake drum. This contact produces friction which slows down or stops the vehicle.
Major factors driving the growth of the global truck drum brake market are the rising number of freight transportation services by vendors across the world coupled with characteristics such as larger friction surfaces and high wear resistance. In addition, truck transportation incurs low costs compared to air and ship transport.
Furthermore, drum brakes have low chances of brake failure owing to self-adjustment of the broken shoe, I.E when the brake lining starts to wear the adjusting mechanism automatically reacts by adjusting the rest position of the shoes so that they are closer to the drum. All these factors are expected to boost demand for drum brakes which are expected to drive the growth of the global truck drum brake market during the forecast period.
The major factor hampering the growth of the global truck drum brake market is incidences of brake fade. In addition, the availability of different braking systems is further hampering the growth of the global truck drum brake market. Changing preferences from traditional drum brakes to electrical drum brakes coupled with eco-friction brakes are expected to have a positive impact on the growth of the global truck drum brake market.
North America dominates the global truck drum brake market in terms of revenue and is expected to register a CAGR of X.X% during the forecast period. This growth is attributed to the presence of major manufacturers in this region. The market in the Asia Pacific is expected to witness significant growth during the forecast period owing to rising construction activities leading to increasing demand for trucks, thereby boosting demand for drum brakes.
Global Truck Drum Brake Market Segmentation:
Global truck drum brake market segmentation by brake type:
- Leading trailing shoe brake
- Dual two trailing shoe brakes
- Dual two leading shoe brakes
Global truck drum brake market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ZF Friedrichshafen
- Aisin Seiki Co. Ltd
- Akebono Brake Industry
- Chassis Brakes International
- Continental AG
- Nissin Kogyo
- Brembo S.p.A.
- Federal-Mogul Corporation Mando
- EBC Brakes
- Knorr-Bremse AG
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