Brake Drum Market Scope
The brake drum is an essential component of drum brakes. Brake drum creates a friction pair that decelerates the rotation of the wheel. That is made up of gray cast iron, which contains steel plate. Brake drums are in bowl-shaped used in drum brake systems. This is widely used in automobile industries and manufactured with various advanced technology. The automotive market is the parent market of this market. Its demand depends on the growth of automobile industries. The brake drum is considered as important vehicle parts. It has relatively low-wear and having a long service life.
The global Brake Drum market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA estimates that Germany Vendors will contribute to the maximum growth of Global Brake Drum market throughout the predicted period.
TRW (United States), Mintex (United Kingdom), Textar (Germany), Bosch (Germany), Brembo (Italy), General Motors (United States), Ford (United States), DaimlerChrysler (Germany), Honda (Japan), Toyota (Japan), Volvo (Sweden), Delphi Technologies (United Kingdom) and Duke Electric Limited (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are DuraBrake Co. (United States), R.M. Engineering (India), Pro Car Mechanics (United States), Ferodo (United Kingdom) and HELLA, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Brake Drum market by Type (Rear Brake Drum, Front Brake Drum and Performance Brake Drum), by Application (Public Vehicles and Private Vehicles) and Region with country level break-up.
On the basis of geography, the market of Brake Drum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Nov 2020 - Brembo has signed an agreement for the acquisition of a 100% stake in SBS Friction A/S, a Danish company that develops and manufactures very innovative and eco-friendly sintered and organic material brake pads for motorbikes.
In Sep 2018, DuraBrake introduced a lightweight steel shell brake drum in its current product portfolio. This made up of steel outer shell for greater strength and liquid cast iron is poured.
Subchapter B - federal motor carrier safety regulations part 393 - parts and accessories necessary for safe operation. Subpart C - Brakes § 393.47 Brake actuators, slack adjusters, linings/pads and drums/rotors.
Market Trend
- Increasing Car Penetration in Emerging Economies
- Technologically Advanced Powertrain System Subsequent In Fuel Efficiency
Market Drivers
- Increase in Demand for Environment-Friendly Vehicles
- Growing Demand for Automatic Transmissions
- High Government Investment in Public Vehicles
Opportunities
- High Growth Opportunity With Respect To Increase Demand of Automobile Industries
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Brake Drum Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries