Global Commercial Vehicle Braking System Market 2017-2021

Overview of the global commercial vehicle braking system market

Research analysis on the commercial vehicle braking systems market forecasts that the increasing demand for commercial vehicles in developing countries will be one of the major factors that will have a positive impact on the growth of the market. Technavio's commercial vehicle braking systems market research report predicts that this market will grow at a CAGR of almost 1% by 2021 Braking systems are a vital part of commercial vehicles. Production and sales of commercial vehicle braking systems highly depend on the sales volume of commercial vehicles. India and China are the main manufacturing hubs for commercial vehicles in the world. These countries deal with large amount of inventory, which must be transported to numerous locations of interest like the ports and warehouses. Increased connectivity of motorways and insufficient rail network in emerging countries like India and China are driving the growth of road mode of freight transport. This is expected to drive the demand for additional commercial vehicles and encourage OEMs to produce more commercial vehicle braking systems.

Prioritizing light weight braking system by OEMs and tier-1 suppliers is one of the latest commercial vehicle braking systems market trends that will gain traction in the market. Commercial vehicle manufacturers are constantly working on reducing the weight of the braking system. This has led to the development of lighter high-performance brake system by suppliers in the market. The requirement of lighter yet durable brakes is pushing the adoption of high-performance brakes in commercial vehicles across the world. The OEMs and tier-1 players working towards the development of light weight brakes will drive the market for commercial vehicles brake system through more vehicles being equipped with the system instead of the conventional brake system.

 

What's your takeaway?

Technavio's industry research report on the global commercial vehicle braking system market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the global commercial vehicle braking system market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The commercial vehicle braking system market is highly competitive as the vendors are constantly developing electronic braking systems that combine the various functionality of ABS and EBD technologies for reducing stopping distance. The market consists of many well-established vendors and the key vendors are presently growing their customer base, increasing their investments in R&D, and entering partnerships with technology firms for developing smarter braking systems for commercial vehicles.

The leading vendors in the market are -

• ContiTech
• Knorr-Bremse
• Robert Bosch
• WABCO

The other prominent vendors in the market are Baer Brakes, Brembo, Federal-Mogul, HYUNDAI MOBIS, Meritor WABCO, SKF, Tata AutoComp Systems (TACO), Wilwood Engineering, and ZF Friedrichshafen.

Segmentation by application and analysis of the commercial vehicle braking system market

• LCVs
• HCVs

During 2016, the LCVs segment accounted for the major shares of the commercial vehicle braking system market. Factors such as the increasing demand for LCVs for transporting goods and services and the growth in the construction activities will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the commercial vehicle braking system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial vehicle braking system market throughout the forecast period. The rising demand for LCVs and pick-up trucks will drive the demand for commercial vehicle braking systems in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicle braking system market?
• What are the key market trends impacting the growth of the global commercial vehicle braking system market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle braking system market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle braking system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicle braking system market?

Technavio also offers customization on reports based on specific client requirement.

This forthcoming market research report on the global commercial vehicle braking system market offers insights into the key trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like automotive components.

By considering the market forecast and size, surging demand for various automotive components, the market research experts at Technavio offer an all-inclusive picture of the commercial vehicle braking system market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various automotive components based on the inference of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the commercial vehicle braking system market also covers vendors like Bosch, Continental, Delphi, Wabco, TRW, and ZF.

This upcoming industry report on the commercial vehicle braking system market also considers the growth of related markets such as the automotive heat exchanger market, which is expected to project an impressive CAGR of close to 5% during the forecasted period. According to our research analysts, the emergence of electronic brake force distribution control for medium-duty commercial vehicles is expected to impact the global market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the commercial vehicle braking system market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for the commercial vehicle braking system market also categorizes the key drivers, prominent trends, as well as the restraints that the automotive components sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides deep-dive market assessments into the sectors such as powertrain, automotive accessories, and automotive electronics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.