Global Automotive Brake Shoe Market is anticipated to register a 7% CAGR between 2020 and 2026 and reach an approximate value of USD 15 Billion in 2026. A brake plays an important role in bringing a vehicle to stop or halt position. Drum brakes are the most commonly used brakes in a vehicle, of which brake shoes are an integral part. The brake shoe, a high-friction material curved piece of metal, is attached to the backing plate inside the brake drum. It is attached using a series of springs and levers.
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Global Automotive Brake Shoe Market, 2020–2026:
In 2019, Asia-Pacific Contributed Significantly to the Automotive Brake Shoe Market in Terms of Share: MRFR