Global Drum Brake Market is Expected to Reach $15.01 Billion by 2018 21 Apr 2015 | Page 2
Browse through the market data tables, figures and detailed TOC on the
“The Drum Brake Market”
http://www.micromarketmonitor.com/market-report/drum-brake-reports-6134495825.html
Related reports:
Asia-Pacific Drum Brake Market
Asia-Pacific has some of the most powerful automotive giants across the globe. The economies
like China, India, Japan, and South Korea are growing at a fast pace. China established top
position in automotive production a few years back, and is estimated to strengthen its position in
the next few years. Automobiles use drum brakes are used on the rear wheel of a car or a truck.
Thus, the increase in vehicle production can be directly attributed to the increase in the market
for drum brake. The market for Asia-Pacific is estimated to grow at a CAGR of 6.4%, for the
period under study.
http://www.micromarketmonitor.com/market/asia-pacific-drum-brake-5961917430.html
Europe Drum Brake Market
The European market is on the path of recovery since the global slowdown of 2008-2009. The
market from then has shown positive signs of growth, with the vehicle production of the region
strengthening. The region is home to some of the most profound names in the automotive
industry. The continuous innovations and R&D by the prominent players has been adopted by
the lower level of manufacturers, who incorporate these developments in their products. The
continuously changing technology and new product development provide opportunities for the
manufacturers to penetrate into the market. The market for drum brakes in Europe in estimated to
grow at a CAGR of 5.3%.
http://www.micromarketmonitor.com/market/europe-drum-brake-1001294584.html
North America Drum Brake Market
The increasing production of light commercial vehicles and heavy commercial vehicles (HCVs)
push the market for drum brakes. The North American market has the highest production of
LCVs and HCVs. The increase of small scale business in the region has pushed the production of
LCVs of region. Drum brakes being used in LCVs and HCVs are anticipated to grow with the
increased production of these vehicles. Moreover, the increase in passenger cars will also help
the market for drum brakes in escalating further. The North American drum brake market is
estimated to grow at a CAGR of 7.3%.
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