Authored By: Sarah
11 Jul 2024

 Heavy-duty Vehicle Braking System Market to grow by USD 2108.11 million between 2024-2028

According to a research report “ Heavy-duty Vehicle Braking System Market” by Application (Trucks, Buses, Others) Type (Class 8, Class 7) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2108.11 million at a CAGR of  4.64% during the forecast period. In the heavy-duty vehicle sector, the braking system is a crucial component, with market demand driven by the expanding need for robust vehicles. Major markets include China, Japan, North America, and Western Europe. The forecast period is anticipated to witness significant growth in India and Eastern European countries, fueled by increasing demand for heavy-duty trucks. This trend is expected to positively impact the global heavy-duty vehicle braking system market..

Browse market data tables, figures, and in-depth TOC on “Heavy-duty Vehicle Braking System Market” by Application (Trucks, Buses, Others) Type (Class 8, Class 7) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Application, the Trucks segment is projected to dominate the market size in 2024.

In the context of the Heavy-Duty Vehicle Braking System Market, the surge in e-commerce activities and the energy sector's expansion have significantly increased the demand for transporting larger volumes of goods. Class 8 trucks, which are integral to this process, are essential for moving goods from distribution centers to local hubs and stores, as well as transporting drilling equipment, materials, and products in the energy sector. Furthermore, the growth in international trade necessitates the use of heavy-duty trucks for moving goods to and from ports and distribution centers. Consequently, the Heavy-Duty Vehicle Braking System Market experiences increased demand due to the rising need for efficient and reliable braking systems in these trucks.

By Type, Class 8  segment is expected to hold the largest market size for the year 2024.

In the heavy-duty vehicle market, there is a growing demand for advanced braking systems due to increasing regulatory pressure from organizations like the National Highway Traffic Safety Administration (NHTSA). These regulatory bodies mandate precise stopping capabilities and reduced stopping distances for heavy-duty trucks, with specified stopping distances at 60 mph being 235 feet for unloaded vehicles and 250 feet for loaded ones. This necessitates the upgrading of braking systems to meet these stringent safety regulations.

APAC is forecasted to hold the largest market size by region in 2024.

In the APAC market, economic growth significantly influences the demand for heavy-duty vehicles and their associated braking systems. Key contributors to this demand include India, Japan, and Indonesia's heavy-duty vehicle sectors. APAC hosts some of the world's most dynamic heavy-duty vehicle industries, including China and ASEAN nations. The construction and transportation industries' expansion in China and India has led to a surging need for heavy-duty vehicles, consequently boosting the demand for robust braking systems in the region.

The Heavy-duty Vehicle Braking System Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • A.W.D. Dwight and Son Engineers Ltd.
  • Akebono Brake Industry Co. Ltd.
  • Baer Inc.
  • BorgWarner Inc.
  • Brembo Spa
  • Carlisle Companies Inc.
  • Cojali S.L. A
  • Continental Automotive GmbH
  • Cummins Inc.
  • Haldex AB
  • Hitachi Ltd.
  • Hyundai Mobis Co. Ltd.
  • Knorr Bremse AG
  • Nabtesco Corp.
  • Nisshinbo Holdings Inc.
  • Porsche Automobil Holding SE
  • Robert Bosch GmbH
  • TE Connectivity Ltd.
  • Tenneco Inc.
  • ZF Friedrichshafen AG
.

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Research Analysis Overview

In the heavy-duty vehicle market, the braking system segment is of significant importance, with hybrid electric vehicles and both passenger and commercial vehicles integrating advanced safety solutions. Regenerative braking technology, such as Electronic Brakeforce Distribution (EBD) and Brake Assist (BA), plays a crucial role in these systems. Electronic braking systems, including Air disc brakes, are mandatory safety solutions for heavy-duty vehicles to ensure optimal road safety. Safety regulations mandate the implementation of automotive brake systems that adhere to stringent safety standards. Air quality and brake dust filters are essential components in these systems, ensuring the longevity and efficiency of the braking system. Lightweight braking systems are gaining popularity due to their ability to reduce vehicle weight and improve fuel efficiency. Luxury brands in the heavy-duty vehicle market are also investing in advanced safety features, such as Electronic Stability Control (ESC) and Automatic Emergency Braking (AEB), to enhance passenger and cargo safety. Brake awareness programs are essential to educate drivers about the importance of proper brake maintenance and usage, ultimately reducing the number of road accidents involving heavy-duty vehicles.

Market Research Overview

The Heavy-duty Vehicle Braking System Market encompasses various advanced technologies such as Electronic Stability Control (ESC), Traction Control Systems (TCS), and Regenerative Braking in both Passenger Automobiles and Commercial Vehicles. These systems include Pneumatic and Hydraulic components, with Drum Brakes and Disc Brakes being commonly used. The shift towards Electric Automobiles, including Hybrid and Electric Vehicles, necessitates the integration of Regenerative Braking technology to convert Kinetic and Thermal energy into electrical energy. Safety remains a top priority, with mandatory safety solutions like Electronic Brakeforce Distribution (EBD), Brake Assist (BA), and Electronic braking systems being implemented. Air disc brakes are increasingly being adopted for their superior performance and lighter weight. Safety regulations continue to evolve, with a focus on reducing Brake Failure Rates and improving overall Vehicle Safety Features. Luxury Brands and OEMs invest in Research and Development to introduce innovative safety solutions, such as Brake Awareness Programs and Brake Dust Filters, to ensure optimal road safety.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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