Electronic Drum Brake Market is segmented by Product (Disc Brakes and Drum Brakes.), and by Application (Passenger Cars, Two Wheelers and Light Commercial Vehicles), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

Electronic Drum Brake Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.

Electronic Drum Brake Market Growth and Trends

The Electronic Drum brake system market is projected to be USD 31.9 Billion in 2021 from USD 22.8 Billion in 2016, its base year, and is projected to grow at a compound annual growth rate of 6.9% during the forecast period of 8 years.

Factors driving the growth of this market includes:
• Its less consumption rates of time taken to respond to changes in the system in comparison to any other market. Electric drum brakes are more effective to changes and to adopt to changes in the environment quickly with more effort
• The Low maintenance required because of its high levels of integrity
• High cost-effectiveness. Less expenses must be made on using these systems in comparison to any other technologies available
• Helps in the expansion of the logistics industry that further boosts the demand for these electronic drum brakes across the globe
• The escalating industrialization in the world nowadays with companies demanding for higher resource allocation
• The rise in manufacturing of electric vehicles at a steady pace that boosts the market awareness hence, growth furthermore. The higher the number of electric vehicles, the higher the availability of electric power that makes up these drum brakes taking up the market with enhanced performing battery units
• Very less replacement rate due to its ensured durability. Can work for years without breaking the vehicles or any other devices down. This in the automotive sector provides more travelling opportunities with less obstacles. Less replacement probabilities always ensure strong efficiency
• The rising diversity of high strength components that can take up the place of manually conventional ones that are less diverse and utilizable propelling the market higher.
• Effective utilization in heavy duty commercial vehicles at construction sites, loading and unloading mines and many more
• The widespread adoption of technologically advanced breaking systems in premium vehicles with the changes in the rising popularity in the automotive sector
• The stringent norms from the government for the modernization of automation systems in the industry and the need to reduce the time taken for the driver to react to stopping distance and firm environmental regulations that boost the drum braking systems market while ensuring the rigorous safety of passengers on board
• The increase in vehicle production to cover up for the growing demand by consumers all over the world
• Less complication in using the drum brakes because it can be operated on hydraulic terms as well with a multiplied braking force than any other alternative that decreases all chances of external damage to the vehicles with a lower maintenance cost thus, driving in a higher demand for its growth

Challenges:

Some challenges faced by the drum brakes market includes:
• Innovation and demand for pneumatic braking systems in vehicles that run on heavy duty that has arisen as the key challenger to the drum brakes system market, taking down its growth on high scale during the forecast period
• The larger developments of electronic braking systems that are more affordable and faster at reacting to factors like the stopping distance during travel that has hindered the growth in the drum brakes market vastly because it is as twice as efficient than drum brakes. When the product in the market is more affordable to everyone across the globe, there is no need for consumers to seek for alternatives. However, with industrialization, the prices for drum brakes to be incorporated in the vehicle braking systems have gone high also because of all the diverse varieties of components these utilize in the manufacturing process so majority of the companies starting up sales or those that are poorly developed will not be able to be players in the market, largely hindering its growth

Electronic Drum Brake Industry Regional Analysis

Electronic Drum Brake Market Research Report Scope/Definition

For the purpose of this market research report, an electronic drum market is defined as a braking technology that is integrated with an electric actuator to move the brake shoes of the brake against the wheel drum, hence causing the braking effect of the wheel. The electric drum brake is less expensive to produce; it also has the in-built self-energizing effect that uses less input force. Better corrosion resistance than the disk system is a significant feature of the electric drum brake; this has prompted a sharp reduction in maintenance frequency. The global demand for electric drum brake is gaining increased momentum due to the low response time of the electric drum brakes compared to the other braking technologies and the cost-effectiveness of electric drum brakes. Electric drum brakes are commonly integrated into trailers, and hence, the continuous growth of logistics industries will boost the market for electric drum brakes.

Electronic Drum Brake Market Share and Competition
Key companies operating in this industry are: AutolivInc, Continental Ag, Delphi Automotive Plc, Denso Corporation, AL-KO International Pty Ltd, Hitchweb, Tekonsha, Brembo S.p.A. and HARMAN Heavy Vehicle Specialists.

Electronic Drum Brake Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2021 - 2028)
• Disc Brakes
• Drum Brakes.

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Passenger Cars
• Two Wheelers
• Light Commercial Vehicles

Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Electronic Drum Brake Industry Companies
• AutolivInc
• Continental Ag
• Delphi Automotive Plc
• Denso Corporation
• AL-KO International Pty Ltd
• Hitchweb, Tekonsha
• Brembo S.p.A.
• HARMAN Heavy Vehicle Specialists

Available Versions of Electronic Drum Brake Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report