img

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 on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

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 are a Vehicle Type of braking system that uses brake drums (rotors) that revolve with the wheels. Each drum has brake shoes with brake linings (friction material). Pistons (pressure mechanisms) press on the drums from the inside, generating braking power and allowing the vehicle to decelerate and stop. A drum brake is a mechanical braking device that is often employed in automobiles to slow or halt their movement. The interaction of friction between brake shoes and the inner surface of a drum-like component connected to the wheel drives this braking system. Drum brakes have a long history and are still used in a variety of automotive applications, but they are less prevalent in current cars due to the introduction of more sophisticated disc braking systems.

A drum brake operates by using the friction created when a set of shoes or pads apply outward pressure on a revolving, cylinder-shaped component known as a brake drum. A “drum brake” is a braking device in which the shoes exert pressure on the inside surface of the drum. The master cylinder transforms the amplified power from the brake booster (servo system) into hydraulic pressure (oil pressure) when the driver applies the brake pedal. Brake oil (brake fluid)-filled tubes transmit the pressure to the wheels’ brakes. The four-wheel brakes’ pistons are compressed by the applied pressure. Brake linings, or friction materials, are forced against the inside surfaces of the brake drums by the pistons as the wheels rotate.

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.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

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 technology advances, ongoing research is being conducted to improve the heat dissipation and overall performance of commercial vehicle drum brakes in order to increase their safety and efficacy on the road. The rapid growth in the logistics and transportation industry is one of the key drivers of the commercial vehicle drum brakes market. The development of e-commerce and a subsequent surge in demand for efficient freight transportation has resulted in an increasing need for commercial vehicles with dependable braking systems. Drum brakes have become a popular choice for many fleet operators and OEMs in the region due to their endurance and efficacy. Drum brakes are appropriate for the challenging circumstances of commercial transportation due to their capacity to carry big loads and offer constant braking performance.

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

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )