A brake is a mechanical device which inhibits the motion of the vehicle. In the automotive mainly two types of braking systems are used such as disk and drum brakes. A brake shoe is a component/part of the braking system that carries the brake lining in the drum brakes used on the automotive.
The brake shoe is coated with the friction material which is strapped by hydraulic piston against the inner surface of the drum brake system. Brake shoe generates friction in the inner surface of the brake that converts kinetic energy into heat and stops the motion of the drum. There are three types of drum brake shoe systems used in the vehicles; leading/trailing brake shoe, twin leading brake shoe, and duo-servo brake shoe.
All three types of systems are self-energizing in at least one direction. In addition, each type of system has used a similar composition but its functions are bit different. Twin leading brake shoe system is most popular in the modern automotive, because of decent efficiency at braking in the forward direction and operate without the power brake booster. Similarly, the leading/trailing brake shoe system is very common in the rear wheels of front-wheel drive systems.
In the recent past, the automotive industry witnessed significant growth across the globe. Perennial increase in the sales of the passenger vehicle, two-wheeler, and LCV are significantly contributing to the growth of the brake shoe market.
Moreover, continuous growing economies, urbanization or residential sector development, and various supportive government policies are attributing towards the production and consumption of automotive in both developed and developing countries across the globe.
Such an aspect is projected to lay a strong platform for the robust growth of the brake shoe market in the coming years. Moreover, changing lifestyle along with rising spending income is also one of the vital factor that boosts the sales of passenger vehicle segment, which in turn, is expected to drive the brake shoe sales during the foreseen trajectory of the market.
Furthermore, low maintenance or replacement cost, relatively inexpensive to manufacture, and drum brake system can be more effective as a parking brake in the vehicle compared to disc brakes are also expected to drive the brake shoe sales.
However, in the era of technological development, growing consumer preference for disc brake over drum brake to improve braking efficacy of vehicle are anticipated to act as restraint for the brake shoe market growth during the projected time period.
From the regional perspective, growing production and sales of the automotive in the emerging economies across the globe are primarily driving the brake shoe market. The Asia Pacific market for brake shoe is estimated to account for dominating share across the globe.
Moreover, major global automobile companies outsource their parts and components from the Asia Pacific region owing to relatively inexpensive compared to other regions. Moreover, North America followed by Europe are focusing on the development of the electric vehicle, such factor tends to drive the brake shoe market in those regions.
Latin America and the Middle East and Africa are expected to witness significant growth in automotive production and sales in the coming years. Emerging economies such as Brazil and Mexico are continuously focused to bolster automotive production to meet end-user demand.
Some of the key market participants identified across the value chain of the brake shoe market are:
The research report presents a comprehensive assessment of the brake shoe market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated brake shoe market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on brake shoe market segments and geographies.
On the basis of type, the brake shoe market has been segmented as:
On the basis of vehicle type, the brake shoe market has been segmented as:
On the basis of sales channel, the brake shoe market has been segmented as:
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