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.

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Carbon Fiber Market Size, Emerging Trends, Forecasts, and Analysis 2022-2028

The report on the Carbon Fiber Market  has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

Carbon Fiber Market is estimated to grow from USD 4.23 billion in 2021 to USD 7.34 billion in 2028 at a CAGR of 8.09% during 2022-2028. Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. These fibers have a diameter of 5 to 10 micrometres and can be used as a strengthening material, particularly in resins and ceramics. Carbon fibers are mostly made of polyacrylonitrile (PAN), but they can also be made of rayon or petroleum pitch. These fibers offer various advantages, such as high stiffness, excellent strength-to-weight ratio, outstanding tensile strength, exceptional chemical resistance, remarkable temperature tolerance, and a low thermal expansion.

Factors such as increasing demand for high performance and lightweight composite materials and growing necessity for enhanced performance in various end-use industries are some of the key factors likely to drive the growth of the market during the forecast period.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all industries, little or large, dealing in any sector.

The growth curves of the Carbon Fiber market have witnessed an enormous ebb and flow in the year 2022. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Carbon Fiber market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the Carbon Fiber market –

• Hexcel Corporation
• Mitsubishi Rayon Corporation Limited
• Cytec Solvay Group
• SGL Carbon Group
• Teijin Limited
• Formosa Plastics Corporation
• DowAksa
• Hyosung Corporation
• Nippon Graphite Fiber Corporation

Carbon Fiber Market Segmentation:

The report segments based on demographics, geographics, benefits, volume, etc, have different leading factors and identify the most attractive segments and sub-segments. Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that lead to a roadmap to success.

The Carbon Fiber market is segmented into the following categories-

By End-Use Industry Type

The market is segmented as aerospace, industrial, and sporting goods. The industrial end-use industry segment is estimated to hold the major share of the market during 2022-2028. The growing demand for high-performance lightweight materials in the automotive industry, as well as the increasing demand for carbon composites in wind turbines, can be attributed to the segment's growth. In addition, sporting goods are expected to witness significant growth in the market in the coming years.  

By Precursor Type

The market is segmented as PAN-based carbon fiber and pitch-based carbon fiber. PAN-based carbon fiber is likely to be the larger as well as the faster-growing segment of the market during 2022-28.  It has a wide range of applications in transportation, wind energy, and aerospace/defense, which is expected to fuel the segment’s growth in the coming years.

Regional Analysis

Europe is estimated to be the largest as well as the fastest-growing region in the market during 2022-28. Growing product demand from the aerospace, automotive, and wind energy industries is likely to drive the regional market growth over the assessment period.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

• Company Profiling
• Detailed profiling of key market players (up to 3 players)
• SWOT analysis of key market players (up to 3 players)

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Stratview Research is a global market intelligence and management consulting firm that helps clients track the ever-evolving market scenarios through customized and syndicated reports. We offer reports that help clients understand the market dynamics, and identify new opportunities that increase the possibility of profit. Our strong team of industry veterans assures high-quality research and strategic insights that help companies worldwide in effective decision-making. Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way.

Electric Motors Market for Aircraft Propulsion Systems to witness robust growth by 2028

Electric Motors Market for Aircraft Propulsion Systems Is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Unmanned Aerial Vehicle, and Advanced Air Mobility), by Product Type (AC Motor and DC Motor),  by Motor Type (Induction Motor and Permanent Magnet Motor), by Torque Type (50-200NM and >200NM), by Power Type (10-200KW and >200KW), by Specific Power Density Type (2-5 kW/kg, 5-8 kW/kg, and >8 kW/kg), by End-User Type (OE and Aftermarket), and by Region (North America [The USA and Rest of North America], Europe [Germany, France, The UK, and Rest of Europe], Asia-Pacific [China, Japan, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).

What is an Electric motors market for aircraft propulsion systems?

Electric motors are more efficient at converting electricity into propulsive power. Fuel cells, solar cells, ultra-capacitors, power beaming, or batteries provide the electricity needed to operate the aircraft's electric motors. Electrical propulsion systems are designed to significantly reduce fuel use, which lowers emissions by using electric motors.

Market Dynamics

It is anticipated that there will be further development in the market competition with the rise in the demand for electric motors for propulsion systems. This is owing to several benefits of electric motors over the ICE engines, such as lighter weight, lesser noise, compactness, mechanically simple, provision of higher efficiency, and lower energy cost. Overall, the electric motors market for aircraft propulsion systems is likely to grow at a significant CAGR of 96.0%, in the long run, to reach US$ 145.3 million in 2028.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Electric motors market for aircraft propulsion systems market analysis report discusses the following heads in details:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• COVID-19 Impact Assessment.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players
• Key success factors.

Regional Analysis

In terms of regions, Europe is expected to remain the largest demand generator for the electric motors market for aircraft propulsion systems during the forecast period. This region is home to Pipistrel d.o.o., which is one of the leading electric aircraft OEMs. Also, the presence of key electric motor manufacturers, such as Safran, Rolls-Royce plc, and MGM COMPRO, is driving the growth of the regional market.

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