Market Overview:
The global commercial vehicle brake master cylinder market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 4.5% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The market is expected to be worth US$ 3,227.4 Mn by 2030 end. The single-cylinder brake master cylinder segment is anticipated to account for a major share of the global commercial vehicle brake master cylinder market in terms of value during the forecast period. This can be attributed primarily to its low cost and easy installation as compared with tandem cylinders.
Product Definition:
A brake master cylinder is a component of a braking system that uses hydraulic pressure to force the pistons in a caliper to press against the brake disc, slowing the rotation of the wheel.
Single-cylinder:
Single cylinder is also known as single-cyinder engine or Single Cylinder Engine (SCE) and it's a type of internal combustion engine with one piston moving in a cylinder. The simplest form of SCEs are found in motorcycles, where the motor is mounted on the same crankshaft as the drive chain.
Tandem Cylinder:
The tandem cylinder is a brake type that is used in the commercial vehicle brake master cylinder. The tandem cylinders are used to increase the braking power of vehicles and provide longer stopping distances. It also helps in providing greater control over the vehicle during braking as well as improves safety aspects by enabling deceleration at lower speeds.
The market for commercial vehicle brake master cylinder is expected to grow significantly owing to increasing demand for heavy trucks.
Application Insights:
OEMs held the largest share of over 70% in 2017. The use of OEM brake master cylinders for commercial vehicles is mandatory according to U.S., European and Asian regulations, thus ensuring safety and reliability in vehicle operations. However, the aftermarket segment is expected to witness lucrative growth over the forecast period due to growing demand for replacement brake master cylinders among original equipment manufacturers (OEMs) across various regions including North America and Europe as they are manufactured using superior quality raw materials along with state-of-the-art technology.
The Latin America market is expected to exhibit moderate growth rate during the forecast period owing to increasing automotive production in Brazil along with other South American countries such as Argentina, Colombia etc., which has resulted into increased usage of replacement parts imported from foreign countries such as Japan, Germany etc., Thus affecting overall market size negatively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing sales of commercial vehicles in China and India. Asia Pacific accounted for a share of more than 50% in terms of volume sales, which indicates that there is a high demand for these brakes from end users. Furthermore, favorable government regulations are also expected to drive product demand over the next eight years.
The European market was valued at USD X million in 2017 and is anticipated to grow at an estimated CAGR of XX% during the forecast period on account rising adoption by OEMs as well as aftermarket service providers due to aging population fleet in countries such as Germany and France among others. North America region accounted for nearly 20% revenue share owing to growing preference towards air conditioning coupled with stringent emission norms implemented by regulatory bodies such as EPA (U.S.
Growth Factors:
- Increasing demand for commercial vehicles: The global commercial vehicle market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This will lead to an increase in demand for brake master cylinders, as they are essential components of braking systems.
- Technological advancements: The brake master cylinder market is witnessing rapid technological advancements, with the introduction of new materials and technologies such as disc brakes and anti-lock braking systems (ABS). This is resulting in the development of more advanced and efficient brake master cylinders that offer better performance and longer life spans.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for commercial vehicles, which is leading to an increase in the adoption of advanced braking systems such as ABS and electronic stability control (ESC). This is driving demand for high-quality brake master cylinders that meet these safety standards.
- Growing awareness about vehicle safety: There has been a growing awareness among consumers about the importance of vehicle safety, especially when it comes to commercial vehicles transporting goods or people. As a result, there has been an increase in demand for safe and reliable braking systems, which is benefiting the brake master cylinder market growth rate globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Brake Master Cylinder Market Research Report
By Type
Single-cylinder, Tandem Cylinder
By Application
OEMs, Aftermarket
By Companies
ZF, Aisin, Bosch, Rodova, Endurance Technologies, Metelli, Cardone, Girling, Federal-Mogul Motorparts, Nissin Kogyo, Mando, APG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Brake Master Cylinder Market Report Segments:
The global Commercial Vehicle Brake Master Cylinder market is segmented on the basis of:
Types
Single-cylinder, Tandem Cylinder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEMs, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZF
- Aisin
- Bosch
- Rodova
- Endurance Technologies
- Metelli
- Cardone
- Girling
- Federal-Mogul Motorparts
- Nissin Kogyo
- Mando
- APG
Highlights of The Commercial Vehicle Brake Master Cylinder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-cylinder
- Tandem Cylinder
- By Application:
- OEMs
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Brake Master Cylinder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Commercial Vehicle Brake Master Cylinder is a device that helps to control the braking system on commercial vehicles. It regulates the flow of air and fluid to the brakes, ensuring they are applied in a consistent manner. This ensures safe stopping distances for trucks and other large commercial vehicles.
Some of the key players operating in the commercial vehicle brake master cylinder market are ZF, Aisin, Bosch, Rodova, Endurance Technologies, Metelli, Cardone, Girling, Federal-Mogul Motorparts, Nissin Kogyo, Mando, APG.
The commercial vehicle brake master cylinder market is expected to register a CAGR of 4.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Brake Master Cylinder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Brake Master Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Brake Master Cylinder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Brake Master Cylinder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Brake Master Cylinder Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Brake Master Cylinder Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Brake Master Cylinder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-cylinder
5.2.2 Tandem Cylinder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Brake Master Cylinder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Brake Master Cylinder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-cylinder
9.6.2 Tandem Cylinder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-cylinder
10.6.2 Tandem Cylinder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-cylinder
11.6.2 Tandem Cylinder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-cylinder
12.6.2 Tandem Cylinder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-cylinder
13.6.2 Tandem Cylinder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Brake Master Cylinder Market: Competitive Dashboard
14.2 Global Commercial Vehicle Brake Master Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 Aisin
14.3.3 Bosch
14.3.4 Rodova
14.3.5 Endurance Technologies
14.3.6 Metelli
14.3.7 Cardone
14.3.8 Girling
14.3.9 Federal-Mogul Motorparts
14.3.10 Nissin Kogyo
14.3.11 Mando
14.3.12 APG
