Market Overview:
The global heavy-duty vehicle braking system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, especially trucks and buses, across the globe. Additionally, stringent government regulations mandating the use of advanced braking systems in commercial vehicles are also contributing to the growth of this market. The drum brake segment is expected to dominate the global heavy-duty vehicle braking system market during the forecast period owing to its low cost and easy installation as compared to disc brakes.
Product Definition:
This is a braking system that is specifically designed for use on heavy-duty vehicles such as trucks and buses. It can handle the greater stopping power required for these types of vehicles. The importance of a heavy-duty vehicle braking system is that it can provide the necessary braking power to stop these large vehicles safely.
Drum Brake:
The global drum brake market is expected to witness significant growth over the forecast period. The primary factor attributing to its growth is its cost-effectiveness as compared to other types of brakes such as disc and pads. In addition, it has a simple structure with no moving parts that makes it reliable for use in low maintenance applications.
Disc Brake:
The disc brake is a type of brake that is used to halt or slow down the movement of a vehicle by applying pressure to one or more discs. The basic design and function of the disc brake has not changed much since its inception. However, improvements in materials science have led to an increase in performance levels and reduced costs for manufacturers.
Application Insights:
Trucks were the major application segment and accounted for over 70.0% of the global revenue in 2017. The trucks application segment is expected to witness significant growth on account of rising demand from various end-use industries including construction, mining, food processing and logistics among others.
The buses application segment is also expected to grow at a considerable rate owing to increasing passenger traffic on account of rapid urbanization along with growing emphasis towards energy efficiency and emission reduction by regulatory bodies such as ULCV 4 Hours World Wide Web Project Bus Energy Efficient Fleet Program (4HWWF). This program has established guidelines regarding fuel consumption for different types of buses which are followed rigorously by bus manufacturers worldwide. Increasing use as a mode of transport for passengers aged 60 years or above due to low fares coupled with high safety standards set by public transportation authorities worldwide is anticipated to boost product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global heavy-duty vehicle braking system market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing road accidents and rapid urbanization, which has led to an increase in the number of buses and trucks on roads. Moreover, rising disposable income levels are anticipated to boost sales of commercial vehicles in this region.
The European market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due high demand for energy-efficient braking systems for use on public transportation vehicles such as trains and buses. Furthermore, stringent government regulations regarding fuel economy are likely drive industry participants toward advanced technologies such as retarders that reduce aerodynamic drag while providing maximum deceleration performance under various driving conditions (on/offroad).
North America accounted for a major share owing with U.S.
Growth Factors:
- Increasing demand for commercial vehicles: The global market for commercial vehicles is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in the demand for heavy-duty vehicle braking systems.
- Technological advancements: The development of new and innovative braking technologies is expected to drive the growth of the heavy-duty vehicle braking system market during the forecast period. These technologies include electronic stability control (ESC), anti-lock braking system (ABS), and brake assist system, among others.
- Stringent safety regulations: Governments across the globe are implementing stringent safety regulations for heavy-duty vehicles, which is driving the demand for advanced brake systems such as ESC and ABS. This is also contributing to the growth ofthe heavy-duty vehicle braking system market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-duty Vehicle Braking System Market Research Report
By Type
Drum Brake, Disc Brake
By Application
Trucks, Buses, Others
By Companies
Robert Bosch, Continental, ZF Friedrichshafen, Tenneco, Meritor, WABCO Holdings, Knorr-Bremse, Hyundai Mobis, Brembo, Akebono Brake Industry, Baer Brakes
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-duty Vehicle Braking System Market Report Segments:
The global Heavy-duty Vehicle Braking System market is segmented on the basis of:
Types
Drum Brake, Disc Brake
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
Trucks, Buses, Others
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:
- Robert Bosch
- Continental
- ZF Friedrichshafen
- Tenneco
- Meritor
- WABCO Holdings
- Knorr-Bremse
- Hyundai Mobis
- Brembo
- Akebono Brake Industry
- Baer Brakes
Highlights of The Heavy-duty Vehicle Braking System 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:
- Drum Brake
- Disc Brake
- By Application:
- Trucks
- Buses
- Others
- 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 Heavy-duty Vehicle Braking System 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.
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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?
Heavy-duty vehicle braking system is a type of braking system used on large trucks, buses, and other vehicles. It is designed to provide more stopping power than a standard car or truck brake system.
Some of the key players operating in the heavy-duty vehicle braking system market are Robert Bosch, Continental, ZF Friedrichshafen, Tenneco, Meritor, WABCO Holdings, Knorr-Bremse, Hyundai Mobis, Brembo, Akebono Brake Industry, Baer Brakes.
The heavy-duty vehicle braking system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy-duty Vehicle Braking System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heavy-duty Vehicle Braking System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy-duty Vehicle Braking System Market - Supply Chain
4.5. Global Heavy-duty Vehicle Braking System Market Forecast
4.5.1. Heavy-duty Vehicle Braking System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy-duty Vehicle Braking System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy-duty Vehicle Braking System Market Absolute $ Opportunity
5. Global Heavy-duty Vehicle Braking System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
5.3.1. Drum Brake
5.3.2. Disc Brake
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy-duty Vehicle Braking System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
6.3.1. Trucks
6.3.2. Buses
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy-duty Vehicle Braking System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heavy-duty Vehicle Braking System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heavy-duty Vehicle Braking System Demand Share Forecast, 2019-2026
9. North America Heavy-duty Vehicle Braking System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
9.4.1. Trucks
9.4.2. Buses
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
9.7.1. Drum Brake
9.7.2. Disc Brake
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heavy-duty Vehicle Braking System Demand Share Forecast, 2019-2026
10. Latin America Heavy-duty Vehicle Braking System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
10.4.1. Trucks
10.4.2. Buses
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
10.7.1. Drum Brake
10.7.2. Disc Brake
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heavy-duty Vehicle Braking System Demand Share Forecast, 2019-2026
11. Europe Heavy-duty Vehicle Braking System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
11.4.1. Trucks
11.4.2. Buses
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
11.7.1. Drum Brake
11.7.2. Disc Brake
11.8. Basis Point Share(BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heavy-duty Vehicle Braking System Demand Share, 2019-2026
12. Asia Pacific Heavy-duty Vehicle Braking System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
12.4.1. Trucks
12.4.2. Buses
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
12.7.1. Drum Brake
12.7.2. Disc Brake
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heavy-duty Vehicle Braking System Demand Share, 2019-2026
13. Middle East & Africa Heavy-duty Vehicle Braking System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heavy-duty Vehicle Braking System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Application
13.4.1. Trucks
13.4.2. Buses
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy-duty Vehicle Braking System Market Size and Volume Forecast by Type
13.7.1. Drum Brake
13.7.2. Disc Brake
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heavy-duty Vehicle Braking System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy-duty Vehicle Braking System Market: Market Share Analysis
14.2. Heavy-duty Vehicle Braking System Distributors and Customers
14.3. Heavy-duty Vehicle Braking System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Robert Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Continental
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ZF Friedrichshafen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tenneco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Meritor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WABCO Holdings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Knorr-Bremse
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Mobis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Brembo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Akebono Brake Industry
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Baer Brakes
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook