Automotive Brake Shoe Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028

March 13, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Automotive Brake Shoe Market over the forecast period from 2023 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Automotive Brake Shoe Market Overview:

The automotive brake shoe market is expected to grow at a promising CAGR of 7.2% during the forecast period.

Drivers

Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. 

The following are some of the key players in the market:

• Bosch Auto Parts
• BNA Automotive India Pvt. Ltd.
• ACDelco
• Meritor, Inc.
• Brake Parts Inc.

Automotive brake shoes are a type of brake pad that presses against the inside surface of a drum to stop a wheel's rotation. They are usually made of cast iron and can be organic or ceramic in nature. The friction caused by the brake shoe on the inner surface of the brake converts kinetic energy into heat and causes the drum to stop moving.

Segment Analysis

Vehicle Trends

The market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are expected to be the largest segment during 2023-2028.

The changing lifestyle and increasing disposable income are one of the major factors driving the sales of passenger cars, which is expected to drive the demand for brake shoes during 2023-2028.

Product Trends

The market is bifurcated into leading/trailing, twin leading, and duo-servo. Twin leading brake shoe systems are likely to remain the most popular segment during the assessment period due to their high efficiency in forward braking and ability to operate without the use of a power brake booster.

All three types of systems use a similar composition, but their functions are different. Leading/trailing brake shoe system, for instance, is very common in the rear wheels of front-wheel drive systems.

Regional Analysis

Asia-Pacific is expected to remain the largest region in the market for automotive brake shoes during 2023-2028. Major global automakers prefer to source parts and components from Asia-Pacific as they are cheaper there than in other regions.

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2994/automotive-brake-shoe-market.html#form

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

For enquiries,
Contact:
Stratview Research
E-mail: [e-mail]
Direct: [phone]