Automotive Brake Shoe Market Research Report Information By Type (Leading/Trailing, Twin Leading and Duo-Servo Type), Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), Sales Channel (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

Automotive Brake Shoe Market Overview

In 2020, the global automotive brake shoe market size is witnessed at USD 7,398.30 million which is expected to reach USD 15 billion with a significant CAGR rate of 7% during the forecast period 2022-2030.

A brake shoe is a curved piece of metal that is a part of a vehicle’s brake system. It carries the brake lining inside the brake drum systems. This metal is incorporated with a friction material that is fixed aside. During the operation of brakes, the automotive brake shoe is placed on the inside of the drum and forces the brake shoe to move, and presses the lining that is placed outside against the drum's interior. Then the friction between the drum and lining provides the braking effort, here the energy is dissipated as heat. Brake shoes are majorly affecting the vehicle’s brake. Even though their functions are the same, brake shoes and brake pads are not similar. Several innovations in the brake shoe market have been introduced in recent years.

This automotive brake shoe system requires very little effort for monitoring the vehicle speed, generating minimal sound & vibration. Brake pads produce less heat than drum brakes. Due to the low heat, it causes lesser damage to the disks and rising their durability. Furthermore, low noise characteristics and a stable coefficient of friction improve the efficiency of the vehicle.  Growing demand for effective braking during high speeds is accelerating the brake pad market. Hence the brake pads are expected to foster and expand the automotive brake pads market in the review period.

COVID-19 Analysis:

Due to the COVID-19 outbreak, the whole world has been severely affected. The implementation of lockdowns and restrictions on various business works results in the loss of businesses. In the same way, the restrictions on the producers and supply chain disruption are limiting the automotive brake pad manufacturers around the world. Due to the lockdown over the past few months, the demand and supply cycle of several automotive brake pad manufacturers is declined.

As the lockdown implementation, the manufacturing industries face a lot of problems like lack of raw materials, shortage of workers, and supply chain disruptions which result in stoppage of production and installation across the affected countries. Hence, owing to the pandemic, the automotive brake shoe market is negatively impacted for the year 2020. Further the post-lockdown period, the global market is rapidly increasing its market value by recovering the loss created by the pandemic.

Market Dynamics:

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  Drivers:

  
  

Owing to the rapid expansion of the automobile sector, the demand for the automotive brake shoe is enhancing. Growing demand for passenger vehicles incorporated with lightweight frictional materials is boosting the market growth. Growing demand for commercialization due to rapid industrialization, modernization, and growth of the construction industry is driving the automotive brake shoe market growth. Rising per capita disposable income levels of consumers, innovations in electro-mobility like electric vehicles (EVs) are influencing the market growth.

Moreover, surging personal disposable income is propelling market growth. Introducing the advanced technologies for the development of lightweight & environment-friendly braking systems, a rise in vehicle production across the world, and government initiatives like reduced stopping distance & pedestrian protection are the factors accelerating the market growth. Superior brake efficiency along with growing disk brake adoption in automobiles is fueling the market growth.

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  Restraint:

  
  

Growing demand for disk brakes in vehicles is restraining the market growth. Moreover, increasing raw material prices like copper, and stringent government regulations like toxic substance control are expected to hinder the market growth.

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  Opportunities:

  
  

Regular introduction of advancements in braking systems like smart brake pad technology and the development of organic fibers like palm kernel shell that meets emission regulations are creating opportunities for the vendors to expand the market growth. Moreover, the technology supports the optimization of safety systems along with electronic stability control and anti-lock braking systems are boosting the market growth.

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  Challenges:

  
  

Overheating of brake shoes and rising strict regulations related to heating of brake systems is one of the major challenges of the market growth.

Segment Overview:

The global automotive brake shoe market has been divided into segments based on type, vehicle type, sales channel, and region.

Based on Type

The automotive brake shoe market types are trifurcated into leading/trailing, twin leading, and duo-servo types.

Based on Vehicle Type

The automotive brake shoe market by vehicle type is classified into various forms such as passenger cars, light commercial vehicles, and heavy commercial vehicles. Among them, the passenger car segment is dominating the largest market share due to the rising automotive production.

Based on Sales Channel

By sales channel, the automotive brake shoe market is split into OEM and aftermarket. Out of these, the OEM segment holds the highest market share.

Based on Region

Regionally, the global automotive brake shoe market is sectioned into four main geographies like Asia-Pacific, North America, Europe, and the Middle East & Africa. Among them, Asia-Pacific is accounting for the largest market share due to the high adoption of automotive brake shoes.

Regional Analysis -

Geographically, the automotive brake shoe market is partitioned into four major regions like Europe, Asia-Pacific, North America, and the Middle East & Africa. Out of these regions, Asia-Pacific is holding the largest automotive brake shoe market share due to the high adoption of automotive brake shoes and surging automotive production. Moreover, the growing demand for both passenger and commercial vehicles is escalating the market growth in this region. Europe is predicted to hold the second-largest market share due to a growing demand for passenger cars and stringent regulations for the safety of vehicles.

Competitive Landscape

The prominent key players in the automotive brake shoe market outlook are the following:

• Bosch Auto Parts (Germany)


• Working (Spain)


• Meritor, Inc (US)


• Brake Parts In7⁷c. LLC (US)


• ASK Automotive Pvt. Ltd. (India)


• TRW Automotive (US)


• BNA Automotive India Pvt Ltd (India)


• ACDelco (US)


• Tribo (Ukraine)


• MAT Holdings Inc (US)


• Kampol Company (Poland)


• SBS Friction A/S (Denmark).

Recent Developments

In October 2023, Brembo, a prominent global leader and pioneer in automobile brake technology, will unveil a new aftermarket pads strategy, showcasing the most advanced braking technology available. As the automobile industry progresses towards future powertrains, it is imperative that cars have the ability to come to a safe stop. Brembo will persist in delivering solutions for car enthusiasts, automakers, and racetracks, with the objective of providing the utmost driving experience, enhancing vehicle safety for future generations, and ensuring that each successive product is more environmentally friendly than its predecessor. The AAPEX event showcases the worldwide introduction of Brembo's new line of brake pads called Copper Free XTRA. These pads are available in two formulations: Low Met and Ceramic NAO (XTRA and XTRA Ceramic). This new line from Brembo serves as a connection between their aftermarket and performance products, offering customized solutions for customers who desire high-quality friction material in an aftermarket brake pad while also minimizing environmental impact. The inclusion of these new pads in the current XTRA lineup, which already features Brembo Max slotted discs and XTRA drilled discs, forms the optimal performance combination explicitly tailored for high-performance automobiles.

In February 2024, Allied Nippon, a prominent maker of brake pads, introduces EV+, a specialized line of brake pads specifically engineered for Electric Vehicles (EVs). This line is positioned to completely transform the automobile aftermarket by providing an ideal combination of exceptional performance and decreased noise levels. The introduction of the Electric Vehicle has revolutionized the automotive industry. Given the current presence of over one million electric vehicles (EVs) in the UK, the demand for specialized aftermarket products such as EV+ has become increasingly important. Allied Nippon's launch of EV+ is in line with the increasing demand, demonstrating the company's innovative strategy. EV+ is specifically designed to tackle the distinct obstacles presented by electric vehicles, renowned for their swift acceleration and significant mass. The EV+ pads have a new friction compound that has undergone the burning process. This process, together with the BRAKEBOOST Instant Friction layer, guarantees improved friction stability and exceptional stopping force. One of the main priorities for Allied Nippon is to preserve the tranquil driving experience that is closely associated with electric vehicles (EVs).

This global automotive brake shoe market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the automotive brake shoe market drivers, restraints, challenges, and opportunities. The automotive brake shoe market forecast segments are type, vehicle type, sales channel, and region.