Global Automotive Drum Brake Market 2017-2021

Overview of the global automotive drum brake market

Technavio’s market research report predicts that the global automotive drum brake market will grow at a CAGR of nearly 4% during the forecast period. The high cost involved in the installation of disc brakes is one of the primary drivers for market growth. The high cost involved in the manufacture and installation of disc brakes has induced vehicle manufacturers to fit drum brakes into the lower vehicle variants.  The installation of drum brakes is easy and simple and they can work by hydraulic and mechanical actuators. Moreover, a power booster to increase the braking force is not required in the drum brakes as they are fitted with servo brakes that can multiply the braking force. Moreover, it is safely placed inside the wheel hub, lowering the chances of any external damage and does not need frequent replacement. These factors reduce the maintenance costs of drum brakes. Furthermore, equipping disc brakes for a vehicle will lead to rising costs in the heavy vehicles thus increasing customer preference towards drum brakes.  

One of the latest trends that will gain traction in the global automotive drum market is the rising trend of electric parking brake (EPB) for compact cars with drum brakes. Manufacturers such as Continental have introduced an innovative braking system by merging EPBs and drum brakes that can easily fit in compact cars. The hand brake lever is likely to be replaced by advanced features in the next ten years. Features such as EPBs and electric parking drum brakes will be offered in the future. Moreover, the electric parking drum brakes also provide the same benefits offered by EPBs from the functional point of view.

Competitive analysis and key vendors

The global automotive drum brake market has few well-established vendors, and the market penetration of drum brake is more in medium and heavy commercial vehicles. Presently, the key vendors in the global automotive drum brake market are focusing on enhancing their customer base and increasing their investments in R&D to improve the stopping capabilities of drum brakes. Moreover, the competition will grow higher in the market with the advancements in government regulations regarding road safety. 

Key vendors in the market are:

• Bosch
• Aisin Seiki
• Continental

Other prominent vendors include ATE, Cardone, Dorman Products, Federal-Mogul, and Akebono Brakes.

Segmentation by application and analysis of the automotive drum brake market

• Passenger cars
• M&HCVs
• LCVs

During 2016, passenger cars dominated the application segment of the global automotive drum brake market and is expected to continue its dominance over the next four years. The increasing popularity of the compact cars and the rise in income of people will be major factors driving the growth of the market in this segment.

Geographical segmentation and analysis of the automotive drum brake market

• Americas
• APAC
• Europe

In terms of geography, APAC led the global automotive drum brake market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as the increase in number of construction activities and the smart city initiatives taken by the government, will drive the market for LCVs and M&HCVs in the region, which in turn will propel market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive drum brake market?
• What are the key market trends impacting the growth of the global automotive drum brake market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive drum brake market?
• What are the market opportunities and threats faced by the vendors in the global automotive drum brake market?
• Trending factors influencing the market shares of the Americas, APAC, and Europe.
• What are the key outcomes of the five forces analysis of the global automotive drum brake market?

Technavio also offers customization on reports based on specific client requirement.

The drum brake is the simplest and most economical type of brake system in automobiles. It uses friction created from a set of shoes or pads pressing against a rotating cylinder. Drum brake has been existence for a long time and is an integral part of the automotive industry. Technavio’s market research reports for the automotive industry, provide information on related markets such as automotive manufacturing, powertrain, and wheels and tires. The upcoming research report on the global automotive drum brake market also examines the market size, growth rate, and demand across geographic regions to assist the client in their decision-making process.

To develop a deep understanding of the market, research analysts at Technavio involve in exhaustive primary and secondary research techniques by gathering data from suppliers, manufacturers, automakers, parts manufacturer, customers, and other key stakeholders. The upcoming research report on the global automotive drum brake market also considers the growth of similar markets such as global automotive disc brake market and global automotive shocks and struts market, which are expected to grow at a CAGR of 4%, for the forecast period of 2017 to 2021. Campaigns to increase the awareness of braking systems by the automotive governing council is urging the automotive manufacturers to improve braking systems. This is subsequently predicted to spur the demand for automotive drum brake systems over the next couple of years

The upcoming report on the automotive drum brake market also identifies the key drivers, emerging trends, technology adoption rate, and opportunities and challenges faced by the industry. The report also gathers intelligence data from related markets such as automotive electronics and automotive services sectors.