Brake Shoe Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The brake shoe market is expected to reach $ 153.5 billion by 2028, at an average annual rate of 8% during the forecast period. Brake shoe is a commonly used term for a vehicle’s braking system. In drum brakes, the brake shoe is coated with friction material and pushed by hydraulic piston against the inner surface of the drum. This converts kinetic energy into heat and generates friction that stops the drum and attached wheels from rotating. Ceramic and asbestos are used in brake shoes. Growing demand for commercial vehicles in developing countries due to the perennial increase in demand for passenger cars, the importance of vehicle braking systems, rapid industrialization and the growing construction industry. These factors are estimated to drive the brake shoe market during the forecast period. However, the increased demand for disc brakes in vehicles is likely to disrupt the market of brake shoes in the forecast period.

 

Company Profile

• ASK Automotive Pvt. Ltd.
• Bosch Auto Parts
• BNA Automotive India Pvt Ltd
• ACDelco, Meritor
• MAT HOLDINGS INC.
• TRW Automotive
• Nsshnbo
• MK KASHIYAMA
• Dura International
• FBK Corporation
• Brembo

 

Market Segmentation

By Type:

• Semimetal Brake Shoe
• Asbestos Brake Shoe
• Ceramic Brake Shoe
• Other

By Application:

• Passenger Car
• Commercial Vehicle

 

Scope of the Report

The research study analyzes the Brake Shoe Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Brake Shoe Market Report

 

1. What was the Brake Shoe Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Brake Shoe Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Brake Shoe Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.