Market Highlights
Global Automotive Brake ShoeMarket is anticipated to register a 7% CAGR between 2020 and 2026 and reach anapproximate value of USD 15 Billion in 2026. A brake plays an importantrole in bringing a vehicle to stop or halt position. Drum brakes are the mostcommonly used brakes in a vehicle, of which brake shoes are an integral part.The brake shoe, a high-friction material curved piece of metal, is attached tothe backing plate inside the brake drum. It is attached using a series ofsprings and levers.
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Global Automotive Brake ShoeMarket, 2020–2026:
In 2019, Asia-Pacific ContributedSignificantly to the Automotive Brake Shoe Market in Terms of Share: MRFR
Based on region, the automotivebrake shoe market is segmented into North America, Europe, Asia-Pacific, andthe rest of the world. Asia-Pacific accounts for a major share of theautomotive brake shoe market, owing to being a hub for vehicle productionand high aftermarket sales of brake shoes in the region, especially in Chinaand India. The automotive brake shoe market is segmented based on type, vehicletype, sales channel, and region. Based on the type, the global automotive brakeshoe market has been segmented into leading/trailing, twin leading, andduo-servo type. The leading/trailing brake shoe type is mainly used inpassenger car applications. In contrast, the other two types of automotivebrake shoes are used in heavy trucks and other commercial vehicles wherein astrong braking force is required. Based on vehicle type, the global automotivebrake shoe market has been segmented into passenger cars, light commercialvehicles, and heavy commercial vehicles. Based on sales channel, theglobal market for automotive brake shoes has been bifurcated into OEM andaftermarket. The OEM segment held a significant share of the global market in2019.
Global Automotive Brake Shoe Market is anticipated toregister a 7% CAGR between 2020 and 2026 and reach an approximate value of USD15 Billion by 2026.
AutomotiveBrake Shoe Market:Scope of the Report
This report provides an in-depthanalysis of the global automotive brake shoe market, tracking three marketsegments across four geographic regions. The report studies key players,providing a six-year annual trend analysis that highlights the market size andshares for North America, Europe, Asia-Pacific, and the rest of the world. Thereport also presents a forecast, focusing on the market opportunities for thenext six years for each region. The scope of the study segments the GlobalAutomotive Brake Shoe Market By Type, Vehicle, Sales Channel, and Region.
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Type
Leading/Trailing
Twin Leading
Duo-Servo Type
Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Sales Channel
OEM
Aftermarket
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players:
Key players in the global marketfor automotive brake shoes are Bosch Auto Parts (Germany), BNA AutomotiveIndia Pvt Ltd (India), Woking (Spain), ACDelco (US), Meritor, Inc. (US), Tribo(Ukraine), Brake Parts Inc. LLC. (US), MAT HOLDINGS INC. (US), ASK AutomotivePvt. Ltd. (India), Kampol company (Poland), S.L. (Spain), SBS Friction A/S(Denmark), and TRW Automotive (US), among others.
Table Of Contents
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 PRIMARY RESEARCH
3.2 SECONDARY RESEARCH
3.3 MARKET CAPACITY ESTIMATION
3.4 FORECAST MODEL
3.5 LIST OF ASSUMPTIONS
3.6 LIMITATIONS OF THE STUDY
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Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumers worldwide.MRFR's methodology integrates proprietary information with different datasources to provide the client with a comprehensive understanding of the currentkey trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
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