Heavy-duty Vehicle Engine Brake Market by Type and Geography

Global Heavy-duty Vehicle Engine Brake Market: About this market
The heavy-duty vehicle engine brake market analysis considers sales from compression release brake, exhaust brake, and retarder types. Our study also finds the sales of heavy-duty vehicle engine brake in APAC, Europe, North America, South America, and MEA. In 2018, the compression release brake segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for heavy-duty trucks and stringent safety norms implemented by governing bodies will play a significant role in the compression release brake segment to maintain its market position. Also, our global heavy-duty vehicle engine brake market report looks at factors such as economic advantages for vehicle owners, increasing demand for heavy-duty vehicles, and the launch of new truck models equipped with engine brakes. However, loud noise generation increased cost of vehicles with engine brake, and raw material and component price volatility may hamper the growth of the heavy-duty vehicle engine brake industry over the forecast period.

Global Heavy-duty Vehicle Engine Brake Market: Overview

Economic advantages for vehicle owners
The life of service brakes significantly varies with the overall weight of the vehicle. While driving a heavy-duty vehicle down a steep slope, frequent engagement of service brakes is required to avoid accidents. Frequent use of service brake over a long duration raises friction and, subsequently, the heat generated at the disc and brake pad contact point, which increases wear and tear of brake pads and brake disc. Engine brakes retard the vehicle speed without the use of service brakes. This results in a significant reduction in service brake wear attributed to its constant use. The use of engine brakes trebles the service brake life, significantly reducing expenditure on service brake replacement. Therefore, heavy-duty vehicle owners prefer engine brakes. Such economic advantages will lead to the expansion of the global heavy-duty vehicle engine brake market at a CAGR of almost 6% during the forecast period.

Growing adoption of electronically assisted braking functionalities
The braking system is a pivotal part of safety for any vehicle, as it ensures optimum vehicle safety and controllability. Advances in the automotive industry have resulted in the development of auxiliary braking systems: such as engine brakes. Further, the emergence of electronic systems in vehicles is paving the way for the adoption of numerous brake-related functionalities, such as an all-electronic braking system. The advent of advanced brake assist functions, such as electronic brakeforce distribution (EBD), anti-lock braking system (ABS), electronic brake assist (EBA), traction control system (TCS), and electronic stability control (ESC), is expanding braking capabilities for heavy-duty vehicles. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of a few major players, the global heavy-duty vehicle engine brake market is moderately concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty vehicle engine brake manufacturers, that include AB Volvo, China FAW Group Co. Ltd., Eaton Corp. Plc, Jacobs Vehicle Systems Inc., MAN SE, Nippon Steel Corp., Pacbrake Co., Scania AB (publ), Streparava Spa, and Voith GmbH & Co. KGaA

Also, the heavy-duty vehicle engine brake market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY TYPE

Market segmentation by type
Comparison by type
Compression release brake - Market size and forecast 2018-2023
Exhaust brake - Market size and forecast 2018-2023
Retarder - Market size and forecast 2018-2023
Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Emergence of electric trucks
Growing adoption of electronically assisted braking functionalities
Emergence of remote diagnostics for advanced braking systems

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
AB Volvo
China FAW Group Co. Ltd.
Eaton Corp. Plc
Jacobs Vehicle Systems Inc.
MAN SE
Nippon Steel Corp.
Pacbrake Co.
Scania AB (publ)
Streparava Spa
Voith GmbH & Co. KGaA

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 02: Global automotive components market
Exhibit 03: Segments of global automotive components market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: Compression release brake - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Compression release brake - Year-over-year growth 2019-2023 (%)
Exhibit 22: Exhaust brake - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Exhaust brake - Year-over-year growth 2019-2023 (%)
Exhibit 24: Retarder - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Retarder - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by type
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Heavy-duty vehicle sales 2017-2018
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: AB Volvo - Vendor overview
Exhibit 51: AB Volvo - Business segments
Exhibit 52: AB Volvo - Organizational developments
Exhibit 53: AB Volvo - Geographic focus
Exhibit 54: AB Volvo - Segment focus
Exhibit 55: AB Volvo - Key offerings
Exhibit 56: China FAW Group Co. Ltd. - Vendor overview
Exhibit 57: China FAW Group Co. Ltd. - Organizational developments
Exhibit 58: China FAW Group Co. Ltd. - Key offerings
Exhibit 59: Eaton Corp. Plc - Vendor overview
Exhibit 60: Eaton Corp. Plc - Business segments
Exhibit 61: Eaton Corp. Plc - Organizational developments
Exhibit 62: Eaton Corp. Plc - Geographic focus
Exhibit 63: Eaton Corp. Plc - Segment focus
Exhibit 64: Eaton Corp. Plc - Key offerings
Exhibit 65: Jacobs Vehicle Systems Inc. - Vendor overview
Exhibit 66: Jacobs Vehicle Systems Inc. - Organizational developments
Exhibit 67: Jacobs Vehicle Systems Inc. - Key offerings
Exhibit 68: MAN SE - Vendor overview
Exhibit 69: MAN SE - Business segments
Exhibit 70: MAN SE - Organizational developments
Exhibit 71: MAN SE - Geographic focus
Exhibit 72: MAN SE - Segment focus
Exhibit 73: MAN SE - Key offerings
Exhibit 74: Nippon Steel Corp. - Vendor overview
Exhibit 75: Nippon Steel Corp. - Business segments
Exhibit 76: Nippon Steel Corp. - Organizational developments
Exhibit 77: Nippon Steel Corp. - Segment focus
Exhibit 78: Nippon Steel Corp. - Key offerings
Exhibit 79: Pacbrake Co. - Vendor overview
Exhibit 80: Pacbrake Co. - Product segments
Exhibit 81: Pacbrake Co. - Organizational developments
Exhibit 82: Pacbrake Co. - Key offerings
Exhibit 83: Scania AB (publ) - Vendor overview
Exhibit 84: Scania AB (publ) - Product segments
Exhibit 85: Scania AB (publ) - Organizational developments
Exhibit 86: Scania AB (publ) - Geographic focus
Exhibit 87: Scania AB (publ) - Segment focus
Exhibit 88: Scania AB (publ) - Key offerings
Exhibit 89: Streparava Spa - Vendor overview
Exhibit 90: Streparava Spa - Product segments
Exhibit 91: Streparava Spa - Key offerings
Exhibit 92: Voith GmbH & Co. KGaA - Vendor overview
Exhibit 93: Voith GmbH & Co. KGaA - Business segments
Exhibit 94: Voith GmbH & Co. KGaA - Organizational developments
Exhibit 95: Voith GmbH & Co. KGaA - Geographic focus
Exhibit 96: Voith GmbH & Co. KGaA - Segment focus
Exhibit 97: Voith GmbH & Co. KGaA - Key offerings
Exhibit 98: Validation techniques employed for market sizing
Exhibit 99: Definition of market positioning of vendors

Executive Summary

The following companies are recognised as the key players in the global heavy-duty vehicle engine brake market: AB Volvo, China FAW Group Co. Ltd., Eaton Corp. Plc, Jacobs Vehicle Systems Inc., MAN SE, Nippon Steel Corp., Pacbrake Co., Scania AB (publ), Streparava Spa, and Voith GmbH & Co. KGaA.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of electronically assisted braking functionalities.”

According to the report, one of the major drivers for this market is the economic advantages for vehicle owners.

Further, the report states that one of the major factors hindering the growth of this market is that raw material and component price volatility.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.