Scope of the Study
The commercial vehicle system is defined as the arrangement of various linkages and components which convert the vehicle's kinetic energy into the heat energy and helps to stop vehicle. Some of the advantages of a commercial vehicle braking system are to stop the moving vehicle, to de accelerate the moving vehicle, to prevent the vehicle from any damage owing to road conditions, among others. Demand for commercial vehicles has increased due to an increase in government initiative regarding the brake system. For instance, in August 2013, according to the National Highway Traffic Safety Administration (United States), there have been implemented stopping distance regulations, where the stopping distance for unloaded three-axle trucks and loaded three-axle trucks was set to 235 feet as well as 310 feet. Hence, government initiatives regarding the braking system will affect the growth of the market in the future.
The market study is being classified by Type (Drum Brake and Disc Brake), by Application (Service Brakes, Parking Brakes and Others) and major geographies with country level break-up.
Robert Bosch GmbH (Germany), ContiTech (Germany), Knorr-Bremse (Germany), Wabco Vehicle Control Systems (France), ZF Friedrichshafen AG (Germany), Federal-Mogul Corporation (United States), AB SKF (Sweden), Hyundai Mobis (South Korea) and Wilwood Engineering (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Baer Brakes (United States) and Brembo S.p.A. (Italy).
Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Commercial Vehicle Braking Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Commercial Vehicle Braking Systems market by Type, Application and Region.
On the basis of geography, the market of Commercial Vehicle Braking Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Development of Road Infrastructure as well as Distribution & Public Transportation
- Rising Demand of New Car Assessment Program on Electronic Brake Systems
- Technology Advancement regarding Commercial Vehicle Braking System
- High Development Cost of Electronic Brake Systems
- Growing Demand from Emerging Economics such as China, India, among others
- Issue related to Brake Emissions
In 2018, the Brembo S.p.A. (Italy) Company has announced the Flexira, which is a new high-performance caliper concept. Hence, this announcement will affect the growth of the market in the future.
According to SAE International,” Increased public pressure to improve commercial truck safety and new stopping distance regulations have intensified the need to better understand the factors influencing heavy vehicle braking performance. Federal braking regulations for both hydraulic and air brake vehicles will also be covered”.
Key Target Audience
Commercial Vehicle Braking System Manufacturers, Research and Development (R&D) Companies, Research Organization, Federal Agencies, Raw Material Suppliers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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