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Global Heavy-duty Vehicle Engine Brake Market: About this marketSpeak directly to the analyst to clarify any post sales queries you may have.
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.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
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.
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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