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Heavy-duty Vehicle Engine Brake Market by Type and Geography - Global Forecast & Analysis 2019-2023

  • Published: Oct 2019
  • Pages: 137
  • SKU: IRTNTR32159
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The global heavy-duty vehicle engine brake market has the potential to grow by USD 110.1 million during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of almost 6%.

The growing adoption of electronically assisted braking functionalities and the economic advantage for vehicle owners are some of the major factors driving the growth of heavy-duty vehicle engine brake market size. The US, China, and Japan are currently the significant markets for heavy-duty vehicle engine brakes.

Heavy-duty Vehicle Engine Brake Market Report - Key Insights

Heavy-duty-Vehicle-Engine-Brake-Market-Overview

Scope of this Report

The report provides a detailed analysis of the market by type and geography. Also, the heavy-duty vehicle engine brake market analysis report analyzes the market’s competitive landscape and offers information on several market vendors.

Heavy-duty-Vehicle-Engine-Brake-Market-Report-Scope

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Market Segmentation      

Heavy-duty Vehicle Engine Brake Market by Type

  • Compression release brake
  • Exhaust brake
  • Retarder

Heavy-duty Vehicle Engine Brake Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Competitive Analysis

The heavy-duty vehicle engine brake market is concentrated, and the degree of concentration will increase during the forecast period. The market is competitive, and the rising concerns about in-vehicle safety and improved safety norms, manufacturers are launching new models with advanced safety features. AB Volvo, China FAW Group Co. Ltd., and Eaton Corp. Plc are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the increased cost of vehicles with engine brake will challenge the growth of the market participants. To make the most of the increasing heavy-duty vehicle engine brake market size, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heavy-duty vehicle engine brake market forecast report provides information on the production, sustainability, and prospects of several companies, including:

  • 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

Heavy-duty Vehicle Engine Brake Market: Key Drivers and Trends

As heavy-duty vehicles carry a higher load compared to medium-duty cars, a larger force is required to stop the vehicle. The increase in the use of service brakes over a long duration increases friction, and the heat generated at the disc and the brake pad contact point increases the wear and tear of the brake pads and disc. This results in fire in the brakes, which will lead to increased maintenance costs for vehicle owners. This will subsequently drive the demand for heavy-duty vehicle engine brakes, driving market growth.

  • Heavy-duty vehicle engine brake market trends, such as the growing adoption of electronically assisted braking functionalities will also influence the market growth during the forecast period.
  • Advances in the automotive industry have led to the development of auxiliary braking systems such as engine brakes.
  • To reduce the number of road accidents, government bodies are emphasizing on integrating advanced safety technologies into vehicles.
  • For instance, the US government has already made it mandatory to equip all vehicles with automatic emergency brake (AEB) systems by 2022.
  • This will increase the adoption of advanced braking technologies, which will lead to further inventions in engine braking systems.
  • As a result of such factors, the heavy-duty vehicle engine brake market size will grow at a CAGR of almost 6% during 2019-2023.

Heavy-duty Vehicle Engine Brake Market: Segmentation by Region

Heavy-duty-Vehicle-Engine-Brake-Market-Share-by-Region

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North America is a significant market for heavy-duty vehicle engine brakes. The ongoing expansion of the oil and gas industry and the growing industrial manufacturing sector are some of the factors driving market growth in the region. The increase in the sales of class 7 and 8 vehicles with standard fitment of engine brakes will also fuel heavy-duty vehicle engine brake market size.

During the forecast period, almost 32% of the overall market growth will originate from North America. However, market growth in this region will be slower than the growth of the market in APAC and South America.

Heavy-duty Vehicle Engine Brake Market: Segmentation by Type

Heavy-duty-Vehicle-Engine-Brake-Market-Share-by-Type

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Compression release braking systems are highly compatible with cruise control and antilock braking system of the vehicle. The brake features a two-stage operation and is configured by a two-part housing, which simplifies its maintenance. The increasing demand for heavy-duty trucks and stringent safety norms implemented by governing bodies have induced vehicle manufacturers to integrate heavy-duty trucks with advanced safety features, driving the need for compression release brakes.

As a result, the heavy-duty vehicle engine brake market size will steadily increase in the compression release brakes segment during the forecast period. This report provides an accurate prediction of the contribution of various segments to heavy-duty vehicle engine brake market growth.

Heavy-duty Vehicle Engine Brake Market: Key Highlights of the Report

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the heavy-duty vehicle engine brake market growth during the next five years
  • Precise estimation of the global heavy-duty vehicle engine brake market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the heavy-duty vehicle engine brake industry across the APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of heavy-duty vehicle engine brake manufacturers

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 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

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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