Heavy-duty Vehicle Braking Systems: Worldwide Markets, 2023 - Leading Players are Akebono Brake Industry, Knorr-Bremse, Meritor, WABCO, and ZF Friedrichshafen - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Heavy-duty Vehicle Braking System Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
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.
Key PlayersAkebono Brake Industry Knorr-Bremse Meritor WABCO ZF Friedrichshafen
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Application
7. Customer Landscape
8. Geographic Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6vr9gt/heavyduty?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005902/en/
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Related Topics:Brake Systems and Components
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/06/2018 03:11 PM/DISC: 12/06/2018 03:11 PM