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Off-road Vehicle Braking System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jun 2022
  • Pages: 142
  • SKU: IRTNTR73782
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The off-road vehicle braking system market share is expected to increase to USD 121.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.36%.

This off-road vehicle braking system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers off-road vehicle braking system market segmentations by application (SxS, ATV, and off-road motorcycle) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The off-road vehicle braking system market report also offers information on several market vendors, including Aisin Corp., BorgWarner Inc., Brembo SpA, CentroMotion, Continental AG, Freeman Automotive UK Ltd., Hitachi Ltd., Industrias Galfer SA, Robert Bosch GmbH, Tenneco Inc., Westinghouse Air Brake Technologies Corp., Wilwood Engineering Inc., and ZF Friedrichshafen AG among others.

What will the Off-road Vehicle Braking System Market Size be During the Forecast Period?

Off-road Vehicle Braking System Market Size

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Off-road Vehicle Braking System Market: Key Drivers, Trends, and Challenges

The growing adoption of disc brakes in off-road vehicles is notably driving the off-road vehicle braking system market growth, although factors such as design complexities associated with sophisticated braking systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the off-road vehicle braking system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Off-road Vehicle Braking System Market Driver

The growing adoption of disc brakes in off-road vehicles is one of the key factors driving the off-road vehicle braking system market growth. Disc brakes are now adopted more in off-road vehicles due to the high amount of stopping power of these brakes and they cool down more easily when compared with drum brakes, as disc brakes are located outside the wheel. Furthermore, disc brakes make the wheels more durable, unlike drum brakes, which damage the wheels gradually during their operation. Moreover, they are way more convenient to clean and maintain than drum brakes. These factors of disc brakes will drive the off-road vehicle braking system market growth during the forecast period.

Key Off-road Vehicle Braking System Market Trend

The development of ABS-equipped ATVs is one of the key off-road vehicle braking system market trends supporting the market growth. An ABS is becoming a standard fitment in on-road vehicles as it prevents the wheels from locking during braking. Currently, the adoption of safety-critical functions such as ABS is increasing in off-road vehicles due to the growing demand for high-performance ATVs among customers in developed regions such as North America and Europe. Furthermore, ABS has additional features such as the ability to detect loss of traction during acceleration and in four-wheel mode on the front tires. Thus, the adoption of ABS to grow in ATVs during the forecast period as ABS allows these vehicles to have effective braking and increase their maximum speed, which is preferred by many users of high-performance ATVs. 

Key Off-road Vehicle Braking System Market Challenge

Design complexities associated with sophisticated braking systems is one of the factors hindering the off-road vehicle braking system market growth. There are certain installation restrictions involved in off-road vehicles in terms of the space and the ideal location. For instance, the ideal location is an important factor for the installation of ABS due to the presence of a computer chip in the control unit, which can be damaged as a result of the excessive vibrations and noise that an off-road vehicle produces. Also, an off-road ABS consists of many advanced components, all of which make ABS extremely sophisticated and complex for end-users. Moreover, the sophisticated nature of an ABS demands the presence of skilled professionals to repair these systems in the event of any defect leading to the increased cost of repairs. Such challenges may hinder the off-road vehicle braking system market growth during the forecast period.

This off-road vehicle braking system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Off-road Vehicle Braking System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Aisin Corp.
  • BorgWarner Inc.
  • Brembo SpA
  • CentroMotion
  • Continental AG
  • Freeman Automotive UK Ltd.
  • Hitachi Ltd.
  • Industrias Galfer SA
  • Robert Bosch GmbH
  • Tenneco Inc.
  • Westinghouse Air Brake Technologies Corp.
  • Wilwood Engineering Inc.
  • ZF Friedrichshafen AG

 

This statistical study of the off-road vehicle braking system market encompasses successful business strategies deployed by the key vendors. The off-road vehicle braking system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aisin.com - The company offers off-road vehicle braking systems such as electronically controlled brake systems, disc brakes, and active rear steering systems.
  • Brembo.com - The company offers off-road vehicle braking systems with extreme controllability, as grip may vary wildly in off-road conditions.
  • Centromotion.com - The company offers off-road vehicle braking systems for mining, construction, agriculture, and industrial vehicles through subsidiary company Carlisle Brake and Fiction.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The off-road vehicle braking system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Off-road Vehicle Braking System Market?

Off-road Vehicle Braking System Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for the off-road vehicle braking system market in North America. Market growth in this region will be faster than the growth of the market in Europe.

Strong sales of off-road vehicles such as ATVs, SxS, and off-road motorcycles in the US and Canada will facilitate the off-road vehicle braking system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic affected the regional market. However, with the initiation of vaccination drives and the reopening of manufacturing sites in the region in 2021, the demand for off-road vehicles has increased, thereby contributing to the growth of the market. Therefore, the regional off-road vehicle braking system market will witness growth during the forecast period.

What are the Revenue-generating Application Segments in the Off-road Vehicle Braking System Market?

Off-road Vehicle Braking System Market Segmentation

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The off-road vehicle braking system market share growth by the SxS segment will be significant during the forecast period.  SxS vehicles have a short travel suspension, a high-power rated motor, multiple passenger seats, and space for cargo. The lightweight, high suspension, and short-wheelbase enable better handling and stability as compared to on-road vehicles in extreme terrain conditions. As a result, SxS vehicles are the preferred choice for people seeking adventure, including recreational activities in groups. Such factors of SxS will drive the off-road vehicle braking system market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the off-road vehicle braking system market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global off-road vehicle braking system market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the off-road vehicle braking system market during the forecast period.

Off-road Vehicle Braking System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the off-road vehicle braking system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Off-road Vehicle Braking System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2022-2026

$ 121.23 million

Market structure

Fragmented

YoY growth (%)

2.92

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aisin Corp., BorgWarner Inc., Brembo SpA, CentroMotion, Continental AG, Freeman Automotive UK Ltd., Hitachi Ltd., Industrias Galfer SA, Robert Bosch GmbH, Tenneco Inc., Westinghouse Air Brake Technologies Corp., Wilwood Engineering Inc., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Off-road Vehicle Braking System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive off-road vehicle braking system market growth during the next five years
  • Precise estimation of the off-road vehicle braking system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the off-road vehicle braking system industry across North America, Europe, APAC, Middle East and Africa, 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 off-road vehicle braking system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 SxS - Market size and forecast 2021-2026
      • Exhibit 28: Chart on SxS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on SxS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on SxS - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on SxS - Year-over-year growth 2021-2026 (%)
    • 5.4 ATV - Market size and forecast 2021-2026
      • Exhibit 32: Chart on ATV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on ATV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on ATV - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on ATV - Year-over-year growth 2021-2026 (%)
    • 5.5 Off-road motorcycle - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Off-road motorcycle - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Off-road motorcycle - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Off-road motorcycle - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Off-road motorcycle - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Aisin Corp.
              • Exhibit 93: Aisin Corp. - Overview
              • Exhibit 94: Aisin Corp. - Business segments
              • Exhibit 95: Aisin Corp. - Key offerings
              • Exhibit 96: Aisin Corp. - Segment focus
            • 10.4 Brembo SpA
              • Exhibit 97: Brembo SpA - Overview
              • Exhibit 98: Brembo SpA - Business segments
              • Exhibit 99: Brembo SpA - Key news
              • Exhibit 100: Brembo SpA - Key offerings
              • Exhibit 101: Brembo SpA - Segment focus
            • 10.5 CentroMotion
              • Exhibit 102: CentroMotion - Overview
              • Exhibit 103: CentroMotion - Product / Service
              • Exhibit 104: CentroMotion - Key offerings
            • 10.6 Continental AG
              • Exhibit 105: Continental AG - Overview
              • Exhibit 106: Continental AG - Business segments
              • Exhibit 107: Continental AG - Key news
              • Exhibit 108: Continental AG - Key offerings
              • Exhibit 109: Continental AG - Segment focus
            • 10.7 Freeman Automotive UK Ltd.
              • Exhibit 110: Freeman Automotive UK Ltd. - Overview
              • Exhibit 111: Freeman Automotive UK Ltd. - Product / Service
              • Exhibit 112: Freeman Automotive UK Ltd. - Key offerings
            • 10.8 Hitachi Ltd.
              • Exhibit 113: Hitachi Ltd. - Overview
              • Exhibit 114: Hitachi Ltd. - Business segments
              • Exhibit 115: Hitachi Ltd. - Key news
              • Exhibit 116: Hitachi Ltd. - Key offerings
              • Exhibit 117: Hitachi Ltd. - Segment focus
            • 10.9 Industrias Galfer SA
              • Exhibit 118: Industrias Galfer SA - Overview
              • Exhibit 119: Industrias Galfer SA - Product / Service
              • Exhibit 120: Industrias Galfer SA - Key offerings
            • 10.10 Robert Bosch GmbH
              • Exhibit 121: Robert Bosch GmbH - Overview
              • Exhibit 122: Robert Bosch GmbH - Business segments
              • Exhibit 123: Robert Bosch GmbH - Key news
              • Exhibit 124: Robert Bosch GmbH - Key offerings
              • Exhibit 125: Robert Bosch GmbH - Segment focus
            • 10.11 Wilwood Engineering Inc.
              • Exhibit 126: Wilwood Engineering Inc. - Overview
              • Exhibit 127: Wilwood Engineering Inc. - Product / Service
              • Exhibit 128: Wilwood Engineering Inc. - Key offerings
            • 10.12 ZF Friedrichshafen AG
              • Exhibit 129: ZF Friedrichshafen AG - Overview
              • Exhibit 130: ZF Friedrichshafen AG - Business segments
              • Exhibit 131: ZF Friedrichshafen AG - Key news
              • Exhibit 132: ZF Friedrichshafen AG - Key offerings
              • Exhibit 133: ZF Friedrichshafen AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Off-road Vehicle Braking System Market market growth will increase by $121.23 mn during 2022-2026.
              The off-road vehicle braking system market market is expected to grow at a CAGR of 4.36% during 2022-2026.
              Technavio has segmented the off-road vehicle braking system market market by application (SxS, ATV, and Off-road motorcycle) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Aisin Corp., BorgWarner Inc., Brembo SpA, CentroMotion, Continental AG, Freeman Automotive UK Ltd., Hitachi Ltd., Industrias Galfer SA, Robert Bosch GmbH, Tenneco Inc., Westinghouse Air Brake Technologies Corp., Wilwood Engineering Inc., ZF Friedrichshafen AG are a few of the key vendors in the off-road vehicle braking system market market.
              North America will register the highest growth rate of 40% among the other regions. Therefore, the off-road vehicle braking system market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the off-road vehicle braking system market market growth are:
              • Growing adoption of disc brakes in off-road vehicles
              • Development of ABS-equipped ATVs
              The off-road vehicle braking system market market vendors should focus on grabbing business opportunities from the sxs segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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