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Global Heavy-duty Vehicle Braking System Market 2019-2023

Global Heavy-duty Vehicle Braking System Market 2019-2023

About this market

Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. A majority of the accidents occurring worldwide involve commercial vehicles, particularly heavy-duty vehicles. This had resulted several braking awareness programs to educate heavy-duty vehicle drivers about the benefits and importance of having reliable braking systems in their vehicles. The high-quality braking systems ensure precision stopping and significantly minimize the instances of road traffic fatalities. Thus, awareness programs conducted by non-profit organizations and government bodies regarding safe driving habits will accelerate demand for high-quality braking systems which, in turn, will drive the heavy-duty vehicle braking system market growth during the forecast period.

Market Overview

Increasing demand for heavy-duty vehicles in India and Eastern Europe

The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles.

Decline in profit margins due to high cost of manufacturing

Since towbars are not equipped with sensors to measure overload or over-steering, the probability of towbar failure is quite high. Towbar failures will result in ripping the nose gear, in turn, damaging the aircraft as well as the ground staff and passengers.

For the detailed list of factors that will drive and challenge the growth of the heavy-duty vehicle braking systems market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including WABCO and ZF Friedrichshafen the competitive environment is quite intense. Factors such as the increasing demand for heavy-duty vehicles in India and Eastern Europe, will provide considerable growth opportunities to heavy-duty vehicle braking system manufactures. AKEBONO, BRAKE INDUSTRY, Knorr-Bremse, Meritor, WABCO, and ZF Friedrichshafen are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Heavy-duty Vehicle Braking System Market 2019-2023

Technavio recognizes the following companies as the key players in the global heavy-duty vehicle braking system market: AKEBONO, BRAKE INDUSTRY, Knorr-Bremse, Meritor, WABCO, and ZF Friedrichshafen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is accelerating demand for high quality braking systems due to rising number of brake awareness programs. Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. In addition to the regulations that specify maximum stopping distance of a heavy-duty vehicle, there are only a few methods for testing the braking systems to ensure the effective performance of heavy-duty vehicle braking systems.”

According to the report, one driver in the market is increasing demand for heavy-duty vehicles in India and Eastern Europe. The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles

Further, the report states that one challenge in the market is decline in profit margins due to high cost of manufacturing. Factors that are hindering the growth of the heavy-duty vehicle market will have an adverse impact on the growth of the global heavy-duty vehicle braking system market. The mandatory incorporation of advanced technologies in the heavy-duty vehicle braking systems is expected to increase the manufacturing cost, which would eventually be partially pushed to the end-users. The high prices of the vehicles will slow down their sales, which would ultimately affect the growth of heavy-duty vehicle braking system market.

Companies Mentioned

AKEBONO

BRAKE INDUSTRY

Knorr-Bremse

Meritor

WABCO

ZF Friedrichshafen

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global commercial vehicle braking system market
      • Table Segments of global commercial vehicle braking system market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Trucks - Market size and forecast 2018-2023
      • Table Trucks - Market size and forecast 2018-2023 (thousand units)
      • Table Trucks - Year-over-year growth 2019-2023 (%)
    • Buses - Market size and forecast 2018-2023
      • Table Buses - Market size and forecast 2018-2023 (thousand units)
      • Table Buses - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (thousand units)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (thousand units)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AKEBONO BRAKE INDUSTRY
      • Table AKEBONO BRAKE INDUSTRY - Vendor overview
      • Table AKEBONO BRAKE INDUSTRY - Product segments
      • Table AKEBONO BRAKE INDUSTRY - Organizational developments
      • Table AKEBONO BRAKE INDUSTRY - Geographic focus
      • Table AKEBONO BRAKE INDUSTRY - Key offerings
    • Knorr-Bremse
      • Table Knorr-Bremse - Vendor overview
      • Table Knorr-Bremse - Business segments
      • Table Knorr-Bremse - Organizational developments
      • Table Knorr-Bremse - Geographic focus
      • Table Knorr-Bremse - Segment focus
      • Table Knorr-Bremse - Key offerings
    • Meritor
      • Table Meritor - Vendor overview
      • Table Meritor - Business segments
      • Table Meritor - Organizational developments
      • Table Meritor - Geographic focus
      • Table Meritor - Segment focus
      • Table Meritor - Key offerings
    • WABCO
      • Table WABCO - Vendor overview
      • Table WABCO - Business segments
      • Table WABCO - Organizational developments
      • Table WABCO - Geographic focus
      • Table WABCO - Segment focus
      • Table WABCO - Key offerings
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen - Vendor overview
      • Table ZF Friedrichshafen - Business segments
      • Table ZF Friedrichshafen - Organizational developments
      • Table ZF Friedrichshafen - Geographic focus
      • Table ZF Friedrichshafen - Segment focus
      • Table ZF Friedrichshafen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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