China Brake Discs and Drums Market Revenue Will Reach $2253 Million in 2023

In automotive braking systems, disc brake pads and drum brake pads are two common designs. They have significant differences in structure, performance, and usage, and the correct selection of a suitable braking system is crucial for driving safety.
Disc brake pads: Disc brake pads consist of brake discs and brake calipers. When the driver steps on the brake pedal, the brake calipers will clamp the brake pads on both sides of the brake disc, generating braking force through friction, thereby slowing down or stopping the car.
Drum brake pads: Drum brake pads consist of brake drums, brake drums, and brake shoes. When the driver steps on the brake pedal, brake fluid enters the brake drum through the brake pipeline, causing the brake shoes inside the brake drum to expand and generate braking force through friction and contact with the brake drum, achieving deceleration or parking of the car.
Overview and Segmented Market Analysis of the Development of China Brake Disc And Brake Drum Market
According to our research data, the total revenue of the China brake disc and brake drum market is expected to reach $2253 million in 2023, among which the estimated revenue of the brake disc segment market is $1908 million, with a market share of 84.71%, occupying a dominate position. From the perspective of downstream application patterns, the passenger car industry is the largest downstream application market for brake discs and brake drums, and its application revenue share is expected to reach 83.85% in 2023.
The brake disc and brake drum market is an important component of the automotive vehicle market. In the future, with the continuous development and expansion of China’s automotive market, the brake disc and brake drum market will also continue to grow. It is expected that the China brake disc and drum market will increase to $2631 million by 2026.

China Brake Disc and Drum Market Revenue Forecast and Market Segment Analysis  

China Brake Disc and Drum Market Revenue Forecast and Market Segment Analysis

Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the China brake disc and brake drum market is relatively low. Data shows that in 2020, the top 3 companies in the industry achieved a total revenue of $625 million in the brake disc and brake drum market, with a total market share of less than 30%. The top 3 companies were Brembo, Winhere, and Zhejiang Asia Pacific Mechanical and Electronic Co., Ltd. In 2020, these three companies accounted for 11.53%, 9.03%, and 8.39% of the total revenue in the China brake disc and drum market, respectively.

Brake Disc and Drum Market Revenue and Share of Main Companies in 2020

Companies

Market Revenue (Million USD)

Share

Brembo

249

11.53%

Winhere

195

9.03%

Zhejiang Asia Pacific Mechanical and Electronic Co., Ltd.

181

8.39%

Top3企业

625

28.95%

Source: www.globalmarketmonitor.com



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