U.S. And Canada Commercial Vehicle Drum Brakes Market Size By Vehicle Type (Trucks, Buses), By Drum Brake Type (Leading/Trailing Shoe Drum Brakes, Duo-servo Drum Brakes), By Sales Channel (OEM, Aftermarket), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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U.S. And Canada Commercial Vehicle Drum Brakes Market Size By Vehicle Type (Trucks, Buses), By Drum Brake Type (Leading/Trailing Shoe Drum Brakes, Duo-servo Drum Brakes), By Sales Channel (OEM, Aftermarket), By Geographic Scope And Forecast

U.S. And Canada Commercial Vehicle Drum Brakes Market Size And Forecast

U.S. And Canada Commercial Vehicle Drum Brakes Market size was valued at USD 263.79 Million in 2023 and is projected to reach USD 360.56 Million by 2030, growing at a CAGR of 3.95% from 2024 to 2030.

The stringent safety regulations and standards imposed by authorities in the united states and canada serve as a significant driver for the commercial vehicle drum brakes market and the dominance of heavy-duty applications in the commercial vehicle sector is a crucial driver for drum brakes are the factors driving the market growth. The U.S. And Canada Commercial Vehicle Drum Brakes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

U.S. And Canada Commercial Vehicle Drum Brakes Market Definition

Drum brakes are a form of brake that consists primarily of a brake lining that generates a stopping force when pressed on the drum. Drum brakes are often found on a vehicle’s rear axle. Drum brakes often do not have brake pads to provide friction. A drum brake is made up of wheel cylinders connected to pistons. These pistons apply force to the inside wall of a rotating drum.

Drum brakes? Think of them as a classic Vehicle Type of braking system. They use brake drums – basically rotors – that spin right along with your wheels. Inside each drum, you've got brake shoes with special brake linings (that's the friction stuff!). Pistons, acting like little pressure mechanisms, push those shoes against the inside of the drums. This creates the braking power to slow you down and bring you to a stop. So, a drum brake is really just a mechanical way to slow or stop a car. It's all about friction, the brake shoes rubbing against the inside of that drum attached to the wheel. They've been around forever and are still used in some cars, but you see disc brakes more often these days because they're considered more advanced.

So, a drum brake basically works by squeezing something! See that cylinder-shaped thing called a brake drum? Well, shoes or pads inside push outwards against it. That creates friction and slows you down. Think of it like thisthe master cylinder takes the boosted power from the brake booster and turns it into hydraulic pressure. This pressure travels through tubes filled with brake fluid to the brakes at your wheels. When you hit the pedal, pistons get squeezed, forcing those brake linings (the friction stuff!) against the inside of the drums, making your wheels stop turning.

The rotating drums press on the linings, slowing and stopping the vehicle by decelerating the wheels. Commercial vehicle drum brakes are a Vehicle Type of braking system seen in trucks, buses, and other larger vehicles. Drum brakes for commercial vehicles are well-known for their durability and efficacy in heavy-duty applications. They are a cost-effective option for trucks transporting heavy goods over long distances. Regular maintenance is required to guarantee peak performance and safety, making them a dependable choice for commercial transportation.

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U.S. And Canada Commercial Vehicle Drum Brakes Market Overview

The U.S. And Canada Commercial Vehicle Drum Brakes Market has grown significantly in recent years, owing to factors such as the developing logistics and transportation sector, rising demand for heavy-duty commercial vehicles, and the requirement for dependable braking systems.

The long-lasting nature and capacity for supporting large loads of commercial vehicle drum brakes makes them well-suited for heavy-duty applications. They are also reasonably priced and generally simple to make and maintain. Drum brakes, on the other hand, may overheat with extended and severe usage, resulting in lower braking performance. Despite this disadvantage, many commercial vehicles still use drum brakes due to their dependability and cost-efficiency, especially in situations where frequent and rapid stopping is less prevalent.

As tech keeps getting better, folks are still working on ways to cool down and boost the performance of drum brakes in trucks and buses. They're trying to make them safer and work even better on the road. What's really driving the commercial vehicle drum brake market? Well, the logistics and transportation industry is booming! With e-commerce exploding, everyone needs stuff shipped fast. That means more trucks and buses are needed, and they all need really solid braking systems. Drum brakes have become a go-to for lots of big fleet owners and the companies that make the vehicles (OEMs) because they last a long time and work well. They're tough enough for the demands of commercial transport, able to handle heavy loads and give reliable braking, time after time.

Furthermore, demand for heavy-duty commercial vehicles is increasing in both the United States and Canada, fueled by infrastructure development projects and economic growth. Heavy-duty trucks and buses, which are essential for long-distance transportation of goods and passengers, rely on reliable braking systems to assure safety and compliance with regulatory standards. Drum brakes, with their basic yet effective design, provide a cost-effective option for these vehicles, adding to market growth.

In addition to the rapid growth of the transportation industry, the commercial vehicle drum brakes market is impacted by regulatory measures aimed at improving vehicle safety. Governments in both the United States and Canada have adopted severe safety regulations for commercial vehicles, emphasizing the significance of dependable braking systems. Drum brakes, with their established track record and compliance with safety rules, have gained favor among vehicle makers and operators seeking to fulfil these requirements.

U.S. And Canada Commercial Vehicle Drum Brakes Market Segmentation Analysis

The U.S. And Canada Commercial Vehicle Drum Brakes Market is segmented on the basis of Vehicle Type, Drum Brake Type, Sales Channel, and Geography.

U.S. And Canada Commercial Vehicle Drum Brakes Market, By Vehicle Type

  • Trucks
  • Buses

To Get a Summarized Market Report By Vehicle Type-

Based on Vehicle Type, the market is segmented into Trucks and Buses. Trucks have had a major production share as compared to other commercial vehicles in US & Canada. Heavy duty vehicles like trucks often utilised drum brakes and have negligible threat from substitutes. Drum brakes remain prevalent on rear axles of heavy-duty trucks due to their cost-effectiveness and adequate stopping power for high payloads. Stringent regulations mandating advanced braking systems like ABS on front axles may limit market growth, but niche opportunities exist for off-road and specialized applications.

U.S. And Canada Commercial Vehicle Drum Brakes Market, By Drum Brake Type

  • Leading/Trailing Shoe Drum Brakes
  • Duo-Servo Drum Brakes

To Get a Summarized Market Report By Drum Brake Type-

Based on Drum Brake Type, the market is segmented into Leading/Trailing Shoe Drum Brakes and Duo-servo Drum Brakes. Leading/Trailing Shoe remains dominant segment in drum brake type segment owing to simple and cost-effective application in commercial vehicles. It dominates the rear axle applications in light and medium-duty trucks and smaller buses. Their affordability, ease of maintenance, and suitability for diverse load capacities ensure continued dominance in cost-conscious fleets and specific vehicle types.

U.S. And Canada Commercial Vehicle Drum Brakes Market, By Sales Channel

  • OEM
  • Aftermarket

Based on Sales Channel, the market is segmented into OEM and Aftermarket. OEM refers to Original Equipment Manufacturers and they are responsible for manufacturing of vehicle and by-products as well. Manufacturers, or OEMs, prioritize affordability and reliable stopping power during initial construction, making drum brakes a cost-effective choice for rear axles, especially in trucks. Stringent safety regulations may push disc brakes onto front axles, but drum brakes remain strong where cost and simplicity reign.

U.S. And Canada Commercial Vehicle Drum Brakes Market, By Geography

  • United States
  • Canada

Based on Geography, the U.S. And Canada Commercial Vehicle Drum Brakes Market is segmented into United States and Canada. US accounted for the largest market share of 86.56% in 2022, with a market value of USD 228.33 Million and is projected to grow at a CAGR of 4.03% during the forecast period. Canada was the second-largest market in 2022, valued at USD 35.46 Million in 2022; it is projected to grow at a CAGR of 3.40%.

Key Players

The “U.S. And Canada Commercial Vehicle Drum Brakes Market” study report will provide a valuable insight with an emphasis on the U.S. and Canada market. The major players in the market are DuraBrake Co., LLC, Webb Wheel Products, Inc., Hendrickson USA, L.L.C., SilverbackHD, Automann Inc., BREMBO S.P.A., ZF Friedrichshafen AG, Continental AG, AKEBONO BRAKE INDUSTRY CO., LTD, Knorr-Bremse AG, Johnson Industries Ltd., Accuride Corporation, Cummins Inc., Aisin Seiki Co, TBK Co., Ltd., Bendix Commercial Vehicle Systems LLC, Walther Engineering & Manufacturing, SAF-HOLLAND SE, EBC Brakes, HL Mando Corp., and POWERSTOP LLC.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players.

Key Developments

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