Global Heavy-duty Vehicle Braking System Market 2019-2023 - Product Image

Global Heavy-duty Vehicle Braking System Market 2019-2023

  • ID: 4703323
  • Report
  • Region: Global
  • 106 pages
  • TechNavio
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FEATURED COMPANIES

  • AKEBONO
  • BRAKE INDUSTRY
  • Knorr-Bremse
  • Meritor
  • WABCO
  • ZF Friedrichshafen
  • MORE
Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. A majority of the accidents occurring worldwide involve commercial vehicles, particularly heavy-duty vehicles. This had resulted several braking awareness programs to educate heavy-duty vehicle drivers about the benefits and importance of having reliable braking systems in their vehicles. The high-quality braking systems ensure precision stopping and significantly minimize the instances of road traffic fatalities. Thus, awareness programs conducted by non-profit organizations and government bodies regarding safe driving habits will accelerate demand for high-quality braking systems which, in turn, will drive the heavy-duty vehicle braking system market growth during the forecast period.

Market Overview

Increasing demand for heavy-duty vehicles in India and Eastern Europe

The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles.

Decline in profit margins due to high cost of manufacturing

Since towbars are not equipped with sensors to measure overload or over-steering, the probability of towbar failure is quite high. Towbar failures will result in ripping the nose gear, in turn, damaging the aircraft as well as the ground staff and passengers.

For the detailed list of factors that will drive and challenge the growth of the heavy-duty vehicle braking systems market during the 2019-2023, view the report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including WABCO and ZF Friedrichshafen the competitive environment is quite intense. Factors such as the increasing demand for heavy-duty vehicles in India and Eastern Europe, will provide considerable growth opportunities to heavy-duty vehicle braking system manufactures. AKEBONO, BRAKE INDUSTRY, Knorr-Bremse, Meritor, WABCO, and ZF Friedrichshafen are some of the major companies covered in this report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AKEBONO
  • BRAKE INDUSTRY
  • Knorr-Bremse
  • Meritor
  • WABCO
  • ZF Friedrichshafen
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

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 APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Trucks - Market size and forecast 2018-2023
  • Buses - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • EMEA - 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

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AKEBONO BRAKE INDUSTRY
  • Knorr-Bremse
  • Meritor
  • WABCO
  • ZF Friedrichshafen
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global commercial vehicle braking system market
Exhibit 02: Segments of global commercial vehicle braking system market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 (thousand units)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Trucks - Market size and forecast 2018-2023 (thousand units)
Exhibit 20: Trucks - Year-over-year growth 2019-2023 (%)
Exhibit 21: Buses - Market size and forecast 2018-2023 (thousand units)
Exhibit 22: Buses - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: APAC - Market size and forecast 2018-2023 (thousand units)
Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 29: Americas - Market size and forecast 2018-2023 (thousand units)
Exhibit 30: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 31: EMEA - Market size and forecast 2018-2023 (thousand units)
Exhibit 32: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 33: Key leading countries
Exhibit 34: Market opportunity
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: AKEBONO BRAKE INDUSTRY - Vendor overview
Exhibit 42: AKEBONO BRAKE INDUSTRY - Product segments
Exhibit 43: AKEBONO BRAKE INDUSTRY - Organizational developments
Exhibit 44: AKEBONO BRAKE INDUSTRY - Geographic focus
Exhibit 45: AKEBONO BRAKE INDUSTRY - Key offerings
Exhibit 46: Knorr-Bremse - Vendor overview
Exhibit 47: Knorr-Bremse - Business segments
Exhibit 48: Knorr-Bremse - Organizational developments
Exhibit 49: Knorr-Bremse - Geographic focus
Exhibit 50: Knorr-Bremse - Segment focus
Exhibit 51: Knorr-Bremse - Key offerings
Exhibit 52: Meritor - Vendor overview
Exhibit 53: Meritor - Business segments
Exhibit 54: Meritor - Organizational developments
Exhibit 55: Meritor - Geographic focus
Exhibit 56: Meritor - Segment focus
Exhibit 57: Meritor - Key offerings
Exhibit 58: WABCO - Vendor overview
Exhibit 59: WABCO - Business segments
Exhibit 60: WABCO - Organizational developments
Exhibit 61: WABCO - Geographic focus
Exhibit 62: WABCO - Segment focus
Exhibit 63: WABCO - Key offerings
Exhibit 64: ZF Friedrichshafen - Vendor overview
Exhibit 65: ZF Friedrichshafen - Business segments
Exhibit 66: ZF Friedrichshafen - Organizational developments
Exhibit 67: ZF Friedrichshafen - Geographic focus
Exhibit 68: ZF Friedrichshafen - Segment focus
Exhibit 69: ZF Friedrichshafen - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AKEBONO
  • BRAKE INDUSTRY
  • Knorr-Bremse
  • Meritor
  • WABCO
  • ZF Friedrichshafen
  • MORE
The author of the report recognizes the following companies as the key players in the global heavy-duty vehicle braking system market: AKEBONO, BRAKE INDUSTRY, Knorr-Bremse, Meritor, WABCO, and ZF Friedrichshafen.

Commenting on the report, an analyst from the research team said: “One trend in the market is accelerating demand for high quality braking systems due to rising number of brake awareness programs. Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. In addition to the regulations that specify maximum stopping distance of a heavy-duty vehicle, there are only a few methods for testing the braking systems to ensure the effective performance of heavy-duty vehicle braking systems.”

According to the report, one driver in the market is increasing demand for heavy-duty vehicles in India and Eastern Europe. The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles

Further, the report states that one challenge in the market is decline in profit margins due to high cost of manufacturing. Factors that are hindering the growth of the heavy-duty vehicle market will have an adverse impact on the growth of the global heavy-duty vehicle braking system market. The mandatory incorporation of advanced technologies in the heavy-duty vehicle braking systems is expected to increase the manufacturing cost, which would eventually be partially pushed to the end-users. The high prices of the vehicles will slow down their sales, which would ultimately affect the growth of heavy-duty vehicle braking system market.

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.
Note: Product cover images may vary from those shown
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  • AKEBONO
  • BRAKE INDUSTRY
  • Knorr-Bremse
  • Meritor
  • WABCO
  • ZF Friedrichshafen
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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