Market Overview:
The global brake shoe market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The brake shoe market is segmented on the basis of type, application and region. On the basis of type, the brake shoe market is segmented into semimetal brake shoes, asbestos brake shoes, ceramic brake shoes and other types. Semimetal brakes are made up of a metal lining bonded to a non-metallic substrate. They are used in low-cost applications as they provide good braking performance at lower temperatures when compared with other materials such as asbestos and ceramics. Asbestos brakes were once popular due to their high thermal stability; however, their use has been discontinued in most countries due to health concerns associated with exposure to asbestos fibers. Ceramic brakes are made up of silicon carbide (SiC) or aluminum oxide (Al2O3) and offer superior stopping power than both semimetal and asbestos brakes while also providing longer life cycle than these materials.
Product Definition:
A brake shoe is a metal plate that attaches to the brake drum on a vehicle and helps to stop the vehicle by pressing against the drum.
Semimetal Brake Shoe:
Semimetal brake shoe is a metal-free braking mechanism that uses the friction between two metals to provide brakes. The Semimetal Brake Shoe (SMS) was developed by SNCF, the French national railway company, as an alternative to conventional mechanical systems.
The development of SMS has been driven by various factors such as increasing environmental concerns regarding carbon emissions from braking systems and advancements in technology used in manufacturing brake shoes.
Asbestos Brake Shoe:
Asbestos brake shoe is a friction device that is used in automotive braking systems. It has two roles to stop the vehicle and also to reduce the wheel speed. The product name comes from its characteristic of being able to withstand high heat, which makes it applicable for use in brake shoes as well.
Application Insights:
The passenger car segment accounted for the largest share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing trend of purchasing luxury cars as a status symbol among high-income groups is expected to remain a prominent factor driving demand for brake shoes during the forecast period.
Demand from commercial vehicles is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives against road accidents and rising safety concerns among manufacturers regarding employee health & safety, which, in turn, will propel product demand during this period.
Increasing adoption of electronic stability control systems in heavy Commercial Vehicles (HVs) such as trucks and buses coupled with stringent regulations regarding driver fatigue are expected drive product demand further during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of production owing to low labor cost, high manufacturing volume, and increasing demand from developing countries such as India and China. Moreover, growing automotive industry in these regions will drive product demand further.
The North American regional market held a significant share of the global industry revenue in 2017 due to presence of prominent vehicle manufacturers such as Ford Motors Company; General Motors Company; and Fiat Chrysler Automobiles N.V. In addition, rising adoption of advanced safety technologies by consumers is anticipated to boost product demand over the forecast period.
In Europe, stringent government regulations regarding braking system are projected to promote innovation across all participants operating within this region which will result into increased product penetration rates during the forecast years 2018 - 2030 at an estimated CAGR exceeding 6%.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing disposable income and urbanization in emerging economies. This is expected to result in an increase in demand for brake shoes, as they are an essential component of a vehicle's braking system.
- Technological advancements: The development of new and innovative technologies has led to the introduction of advanced brake systems, which require high-quality brake shoes for optimum performance. This is expected to drive the growth of the brake shoe market during the forecast period.
- Stringent safety norms: Stringent safety norms across regions are resulting in increased adoption of advanced braking systems, which require high-quality brake shoes for optimum performance and safety standards compliance purposes These norms are also encouraging Original Equipment Manufacturers (OEMs) to increasingly focus on R&D activities with respect to brakes and related components such as brake shoes In addition, governments across various countries are providing incentives such as tax benefits or subsidies for OEMs that adopt environment-friendly technologies Such initiatives are likely to fuel growth opportunities for players operating in the global Brake Shoe market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Brake Shoe Market Research Report
By Type
Semimetal Brake Shoe, Asbestos Brake Shoe, Ceramic Brake Shoe, Other
By Application
Passenger Car, Commercial Vehicle
By Companies
Bosch, Ford, Continental, Tenneco(Federal-Mogul), TRW, Delphi, Akebono, ACDelco, Meritor Inc., MAT Holdings, Bosch, MK KASHIYAMA, Dura International, FBK Corporation, Brembo, ICER, Mando, Sangsin, Henan Wanxiang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Brake Shoe Market Report Segments:
The global Brake Shoe market is segmented on the basis of:
Types
Semimetal Brake Shoe, Asbestos Brake Shoe, Ceramic Brake Shoe, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Ford
- Continental
- Tenneco(Federal-Mogul)
- TRW
- Delphi
- Akebono
- ACDelco
- Meritor Inc.
- MAT Holdings
- Bosch
- MK KASHIYAMA
- Dura International
- FBK Corporation
- Brembo
- ICER
- Mando
- Sangsin
- Henan Wanxiang
Highlights of The Brake Shoe Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semimetal Brake Shoe
- Asbestos Brake Shoe
- Ceramic Brake Shoe
- Other
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Brake Shoe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A brake shoe is a metal or plastic piece that fits over the end of a brake drum to provide friction when the brakes are applied.
Some of the major companies in the brake shoe market are Bosch, Ford, Continental, Tenneco(Federal-Mogul), TRW, Delphi, Akebono, ACDelco, Meritor Inc., MAT Holdings, Bosch, MK KASHIYAMA, Dura International, FBK Corporation, Brembo, ICER, Mando, Sangsin, Henan Wanxiang.
The brake shoe market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brake Shoe Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brake Shoe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brake Shoe Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brake Shoe Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brake Shoe Market Size & Forecast, 2018-2028
4.5.1 Brake Shoe Market Size and Y-o-Y Growth
4.5.2 Brake Shoe Market Absolute $ Opportunity
Chapter 5 Global Brake Shoe Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Brake Shoe Market Size Forecast by Type
5.2.1 Semimetal Brake Shoe
5.2.2 Asbestos Brake Shoe
5.2.3 Ceramic Brake Shoe
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Brake Shoe Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Brake Shoe Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brake Shoe Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brake Shoe Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Brake Shoe Analysis and Forecast
9.1 Introduction
9.2 North America Brake Shoe Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Brake Shoe Market Size Forecast by Type
9.6.1 Semimetal Brake Shoe
9.6.2 Asbestos Brake Shoe
9.6.3 Ceramic Brake Shoe
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Brake Shoe Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Brake Shoe Analysis and Forecast
10.1 Introduction
10.2 Europe Brake Shoe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Brake Shoe Market Size Forecast by Type
10.6.1 Semimetal Brake Shoe
10.6.2 Asbestos Brake Shoe
10.6.3 Ceramic Brake Shoe
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Brake Shoe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Brake Shoe Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Brake Shoe Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Brake Shoe Market Size Forecast by Type
11.6.1 Semimetal Brake Shoe
11.6.2 Asbestos Brake Shoe
11.6.3 Ceramic Brake Shoe
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Brake Shoe Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Brake Shoe Analysis and Forecast
12.1 Introduction
12.2 Latin America Brake Shoe Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Brake Shoe Market Size Forecast by Type
12.6.1 Semimetal Brake Shoe
12.6.2 Asbestos Brake Shoe
12.6.3 Ceramic Brake Shoe
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Brake Shoe Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Brake Shoe Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Brake Shoe Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Brake Shoe Market Size Forecast by Type
13.6.1 Semimetal Brake Shoe
13.6.2 Asbestos Brake Shoe
13.6.3 Ceramic Brake Shoe
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Brake Shoe Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brake Shoe Market: Competitive Dashboard
14.2 Global Brake Shoe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Ford
14.3.3 Continental
14.3.4 Tenneco(Federal-Mogul)
14.3.5 TRW
14.3.6 Delphi
14.3.7 Akebono
14.3.8 ACDelco
14.3.9 Meritor Inc.
14.3.10 MAT Holdings
14.3.11 Bosch
14.3.12 MK KASHIYAMA
14.3.13 Dura International
14.3.14 FBK Corporation
14.3.15 Brembo
14.3.16 ICER
14.3.17 Mando
14.3.18 Sangsin
14.3.19 Henan Wanxiang
