A Drum brake is brake which will utilizes friction occurred by a set of shoes or pads that throws outside against a rotating cylinder-shaped part known as brake drum. The word drum brake generally defines a brake that shoes press on the inner surface of the drum. The net market of the Chinese drum brake system estimated to $XX billion in 2017 and forecasts to $XX billion in 2023 with a CAGR of $XX% between 2017 and 2023.
Growing innovation of new directions of motions in “drum brake systems” is increasing the demand for Chines Drum brake Systems globally. The raising in the demand for safety journey of passengers is one of the key factors driving the Chines Drum brake Systems. Chines Drum brake Systems can be categorized into direction of motion, brake shoe stress, channel, vehicle type and geography. The market for Chines Drum brake Systems in various regions through its direction of motions such as internal expanding and others had been mentioned in the report.
The market for “Chines Drum brake Systems” is segmented on regions into Asia-China. Competitive landscape for industry and market players are profiled with attributes of company overview, business strategies and product portfolio.
Sample Companies profiled in the report are:
- ZF Friedrichshafen AG
- Aisin Seikei
- Nissin Kogyo Inc.
These companies hold the substantial share owing to the fragmented and grey nature of the industry whereas rest of the market shares are original chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust image, geographical reach and strong customer base.