Automotive Brake Shoes Market to Touch $19.34 Bn by 2034

Automotive Brake Shoes Market Size, Share & Growth Projections

Based on market forecasts, the automotive brake shoes sector will expand from USD 13.1 billion in 2024 to USD 19.34 billion by 2034, experiencing a CAGR of 3.97%. North America leads the automotive brake shoes market, driven by rising EV adoption. Asia Pacific is set for strong growth, thanks to numerous brake manufacturers. The passenger car segment dominates due to the global SUV boom, while asbestos brake shoes remain popular for their durability and heat resistance.

Automotive Brake Shoes Market Strategic Analysis & Growth Opportunities

The automotive brake shoes market is expected to increase from USD 13.62 billion in 2025 to USD 19.34 billion by 2034, growing at a CAGR of 3.97% throughout the forecast period from 2025 to 2034.

Automotive Brake Shoes Market Size 2023 - 2034

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Introduction

The automotive brake shoes market is a crucial segment of the automotive components industry. This industry deals in manufacturing and distribution of brake shoes for automotives. These brake shoes are developed using several materials consisting of asbestos, non-asbestos, semi-metallic, low-metallic, ceramics and some others. It finds numerous applications in passenger cars, commercial vehicles, two-wheelers, heavy-duty vehicles and others. The growing sales of commercial vehicles in different parts of the world has boosted the industrial expansion. This market is expected to rise significantly with the growth of the automotive sector across the world.

China Commercial Vehicle Sales (2022-23)

  • According to the International Organization of Motor Vehicle Manufacturers, around 3300458 commercial vehicles were sold in China during 2022 that increased to 4030874 in 2023.

Highlights of the Automotive Brake Shoes Market

  • North America held the dominant share of the automotive brake shoes market due to the growing adoption of EVs in this region.
  • Asia Pacific is expected to grow with a significant CAGR due to the presence of several brake manufacturing companies in this region.
  • The passenger cars segment dominated the market due to the increasing demand for SUVs across the world.
  • The asbestos segment led the industry due to its durability and thermal stability.

Automotive Brake Shoes: Stats and Figures

  • According to the OICA, around 92724668 vehicles were sold globally in 2023.
  • According to the International Energy Agency, around 10.1 million EVs were sold in China during 2024.
  • According to the India Brand Equity Foundation, the automotive components industry was valued at US$ 74.1 billion in 2024.
  • According to the Auto Care Organization, the U.S. automotive e-commerce market generated a revenue of US$ 21.7 billion in 2024.

Industry Leader Announcement

In January 2025, Anand Kumar, the Head of Product & Strategy at Uno Minda made an announcement stating that, "At Uno Minda, we understand that every component of a vehicle must work together seamlessly to ensure both safety and performance. The launch of our improved formulation of Heavy Duty Organic Brake Pads with Shim featuring RMR (Rubber Metal Rubber) technology is a clear reflection of our commitment to delivering superior products that meet the highest industry standards. Uno Minda’s Heavy Duty Brake Pads are built to deliver superior durability and performance, incorporating the latest RMR (Rubber Metal Rubber) technology.”

Regional Insights

North America held the highest share of the automotive brake shoes market. The growing sales of electric vehicles along with rise in number of automotive workshops has driven the market growth. Also, the presence of various automotive brands such as Tesla, Rivian, Ford and some others coupled with rapid investment by market players is crucial for the market expansion.

In North America, the U.S. held the majority share of the market. The rising consumer preference towards enhanced braking systems as well as presence of several brake manufacturing brands has propelled the market growth. Moreover, the availability of brake shoes in e-commerce platforms along with technological advancements in automotive sector has boosted the industry in a positive direction.

Competitive Landscape

Automotive Brake Shoes Market Companies

The automotive brake shoes market is a highly competitive industry with the presence of numerous dominant players. Some of the prominent companies in this industry comprises of Bosch, Raybestos, Akebono Brake Industry, Brembo, Friction Material Standards Institute, Haldex, Advics, FederalMogul and some others. These market players are constantly manufacturing brakes for automotive sector and adopting various strategies to maintain their dominant position in this industry.

Brembo Aftermarket Sales in Thousand Euros (2022-23)

  • According to the annual report of Brembo, the aftermarket sales in 2022 was 514640 thousand euros that increased to 581601 thousand euros in 2023.

Market Segmentation

By Application

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers
  • Heavy-Duty Vehicle

By Material Type

  • Asbestos
  • Non-Asbestos Organic
  • Semi-Metallic
  • Low-Metallic
  • Ceramic

By System Type

  • Drum Brake Systems
  • Disc Brake Systems

By Sales Channel

  • OEM
  • Aftermarket

By Region

  • North America
  • Europe
  • South America
  • Asia-Pacific
  • Middle East and Africa
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  • Insight Code: 1605
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Last Updated: 07 March 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Laxmi Narayan is a Research Analyst at Towards Automotive with 5 years of experience, specializing in edge computing and blockchain applications shaping the future of connected and intelligent mobility.

Learn more about Laxmi Narayan

Aditi Shivarkar, with 14+ years of experience in automotive market research, specializes in tracking trends across vehicle technologies, mobility solutions, and materials innovation. She delivers accurate, actionable insights that drive excellence in the automotive sector—fueling strategies around electrification, sustainability, and advanced manufacturing.

Learn more about Aditi Shivarkar
FAQ's

The automotive brake shoes market was valued at US$ 13.62 billion in 2025.

North America dominated this industry.

The growing sales and production of automotives along with rapid investment in automotive component industry has driven the market growth.

Some of the prominent players of this industry consists of Bosch, Raybestos, Akebono Brake Industry, Friction Material Standards Institute, Haldex, Advics, FederalMogul, Mona Motor Company, TMD Friction, Brembo, Nissin Kogyo, Disc Brakes Australia and some others.

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