Global Truck Drum Brake Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz, in its upcoming report titled, “Global Truck Drum Brake Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global truck drum brake market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global truck drum brake market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global market report has been segmented on the basis of brake type, and region, and is expected to reach US$ XX.X billion over the forecast period at a CAGR of X.X%.

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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 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 rising number of freight transportation services by vendors across the world coupled with characteristics such as larger friction surface and high wear resistance. In addition, truck transportation incurs low cost compared to air and ship transport. Furthermore, drum brakes have low chances of brake failure owing to self-adjustment of break shoe, I.E when the brake lining starts to wear the adjusting mechanism automatically reacts by adjusting 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.

Major factor hampering the growth of the global truck drum brake market is incidences of brake fade. In addition, availability of different braking systems is further hampering the growth of the global truck drum brake market.  Changing preference 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 presence of major manufacturers in this region. The market in 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
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa