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The heavy-duty vehicle braking system market size is forecast to increase by USD 2.11 billion, at a CAGR of 4.64% between 2023 and 2028. The market's upward trajectory hinges on multiple factors. Notably, there's a surge in demand for heavy-duty vehicles in regions like India and Eastern Europe. This demand spike is paralleled by an increased need for top-notch braking systems, spurred on by extensive brake awareness initiatives. Furthermore, the market is responding to a rising requirement for compulsory safety solutions tailored specifically for heavy-duty vehicles. These safety imperatives, combined with heightened awareness and regulatory frameworks, are reshaping the landscape, emphasizing the critical role of advanced braking systems and safety features in modern heavy-duty vehicle manufacturing and operation.
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This market report extensively covers market segmentation by application (trucks, buses, and others), type (class 8 and class 7), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
The market is driven by the increasing demand for mandatory safety solutions and brake awareness programs that promote better air quality and compliance with safety regulations. Trends include the adoption of lightweight braking systems and brake dust filters for enhanced performance. Challenges such as integrating regenerative braking technology into existing systems and optimizing brake by wire technology for heavy-duty vehicles remain. Additionally, the market sees opportunities in catering to the growing segment of hybrid electric vehicles and improving advanced automobile safety systems such as heavy-duty vehicle engine brakes. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global market for heavy-duty vehicles is experiencing significant growth, with increasing demand in India and Eastern Europe being a major driving factor. This trend is particularly noteworthy for the commercial vehicle braking system industry, as the designs and types of braking systems can vary greatly depending on the vehicle's application and weight. Heavy-duty vehicles, such as trucks and buses, require robust and efficient braking systems to ensure safety and performance. The exponential growth in demand for heavy-duty vehicles in these regions is expected to have a positive impact on the commercial vehicle braking system market and the heavy-duty trucks market as a whole. Over the years, China, Japan, North American countries, and Western European countries have been the leading markets for heavy-duty vehicles. However, during the forecast period, India and Eastern European countries are projected to exhibit the most significant growth, making them key regions to watch for market expansion.
However, factors such as the increase in manufacturing activities and improvement in road infrastructure are expected to drive the demand for heavy-duty vehicles in India and Eastern European countries. In addition, India is witnessing faster economic growth, which positively correlates with the growth in demand for transportation and logistics. Thus, all these factors are expected to accelerate the demand for heavy-duty vehicle braking systems during the forecast period.
Technological advances in braking systems as groundwork for developing autonomous heavy-duty vehicles is an emerging trend shaping the market growth. The introduction of automated convoys using truck platooning systems is another step forward in autonomous trucking, wherein a group of self-driving trucks follows the course of the lead truck. In addition, the increasing safety regulations will drive the adoption of autonomous trucks in the future. For instance, six manufacturers of trucks from five countries participated in the European Truck platooning challenge. Trucks from DAF, Daimler, IVECO, Scania, MAN, and Volvo demonstrated the autonomous driving concept with their truck platooning technology.
However, autonomous trucks by vendors like Daimler and MAN from Germany, IVECO and DAF from Belgium, and Scania from Sweden have traveled across Sweden, Denmark, Belgium, and Germany and finally stopped at the Netherlands. All these trucks equipped with truck platooning systems are integrated with an advanced emergency braking system. The integration of these advanced braking technologies with the autonomous heavy-duty vehicle's braking system is expected to have a positive impact on the global market in the near future.
Additional costs associated with product recalls due to potential brake failure are a significant challenge hindering the market growth. The failure of the braking systems in a vehicle often results in a product recall by manufacturers. The process of recalling, repairing, or replacing defective parts is an added cost for vehicle manufacturers. Earlier, the complete cost due to the recall was borne by the vehicle manufacturer. The collaborative partnerships between vendors and suppliers across the value chain have resulted in them sharing the failure costs associated with product recalls. In recent years, there have been several recalls of heavy-duty vehicles, which are attributable to the issues associated with the failure of the braking systems.
For instance, one instance of a vehicle recall due to a brake issue is that from Mack Trucks, which recalled about 7,600 trucks across various models such as Mack Metroliner, Trident, Titan, Granite, and Superliner trucks. Therefore, such recalls of heavy-duty vehicles due to braking system issues will prove to be a significant challenge for the global market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A.W.D. Dwight and Son Engineers Ltd.- The company offers heavy-duty vehicle braking system products such as avoiding brake systems, footbrake valves, handbrake valves and many more.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is driven by several key factors such as the adoption of braking systems in response to brake awareness programs and safety regulations. Additionally, the market sees growth with the rising demand for autonomous heavy-duty vehicles and the implementation of mandatory safety solutions. Technological advancements have led to the development of lightweight braking systems and brake dust filters, contributing to improved air quality. Furthermore, the market caters to a wide range of vehicles including passenger cars, commercial vehicles, and hybrid electric vehicles. As the automotive industry focuses on enhancing vehicle safety features and implementing advanced automobile safety systems, the demand for air disc brakes, electronic braking systems, and brake by wire technology continues to rise. Luxury brands and manufacturers of battery electric vehicles (BEVs) are also contributing to the growth of this market segment.
The trucks segment is estimated to witness significant growth during the forecast period. The rising number of automotive accidents involving heavy-duty trucks is pushing manufacturers to upgrade the braking systems used in heavy-duty trucks. Vehicle manufacturers are under tremendous pressure from regulatory authorities such as the National Highway Traffic Safety Administration (NHTSA) to increase the efficiency of the safety systems used in the vehicle.
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The truck segment was the largest segment and was valued at USD 4.09 billion in 2018. The increasing number of road infrastructure development projects will also drive the demand for roadway logistics in many APAC countries like China, India, and others. Also, the expansion of manufacturing capabilities is contributing to the production of heavy-duty trucks, which is a growth driver for the braking systems in this segment. In addition, the increase in E-commerce is driving the demand for road transportation within the countries. Thus, these factors are expected to drive the growth of the trucks segment of the global market during the forecast period.
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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC comprises some of the fastest-growing heavy-duty vehicle industries in the world, such as China, India, and countries belonging to the Association of Southeast Asian Nations (ASEAN). The rising demand for heavy-duty vehicles in the construction and transportation industry in China and India rapidly increased the demand for heavy-duty vehicle braking systems in this region. The availability of high-skilled, low-cost labor has attracted many heavy-duty vehicle manufacturers to establish their manufacturing units in APAC countries, which will further increase the sales volume of the market. Furthermore, several initiatives to expand and upgrade the transportation infrastructure by national governments in the region will also have a positive impact on the market and increase its share in the global market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
The market is experiencing significant growth driven by various factors. One key aspect is the increasing demand for heavy-duty vehicles, especially in regions like India and Eastern Europe. This heightened demand is complemented by the implementation of brake awareness programs, which are raising awareness about the importance of efficient braking systems in ensuring road safety. Another driving force is the mandatory requirement for safety solutions in heavy-duty vehicles. This trend is pushing manufacturers to develop lightweight braking systems that offer both high performance and enhanced safety features. The rise of autonomous heavy-duty vehicles is also influencing the market, as these vehicles require advanced braking technologies to ensure precise control and safety. Additionally, the focus on air quality has led to the development of brake dust filters to reduce environmental impact.
Moreover, technological advancements such as electronic braking systems, anti-lock brake systems (ABS), brake assist (BA), and electronic brakeforce distribution are becoming standard in both passenger cars and commercial vehicles. These innovations, along with the growing adoption of regenerative braking technology in electric and hybrid vehicles, are driving the evolution of vehicle safety features. Overall, the market is witnessing a paradigm shift towards advanced safety systems and environmentally friendly solutions to meet the demands of modern transportation and ensure road safety. The market landscape depends on Hydraulic, Pneumatic, Light duty commercial vehicles (LCV), Traction control systems, Electronic stability control, Electronic brake force distribution, Light commercial vehicles, Semi dry brake system, Future Brake System (FBS), Anti lock Brake Systems, adoption of braking system, passenger vehicles, sales of vehicles. The market is at the forefront of automotive safety, with mandatory safety solutions driving innovation and adoption. The advent of autonomous heavy-duty vehicles is reshaping the landscape, demanding advanced automotive brake systems capable of seamless integration with autonomous technologies.
Furthermore, luxury and high-end vehicles are embracing cutting-edge braking technologies like air disc brakes and anti-lock Brake Systems (ABS), ensuring superior braking performance. The surge in Battery Electric Vehicles (BEVs) is prompting luxury brands to enhance their braking systems for electric cars, addressing concerns like brake failure rate and optimizing regenerative braking capabilities. The market is witnessing a shift towards advanced automobile safety systems, including automatic emergency braking and brake by wire technology, to mitigate road accidents and ensure passenger safety. Both disc brakes and drum brakes are evolving with materials like organic, metallic, and ceramic, catering to diverse vehicle needs. Original Equipment Manufacturers (OEMs) like Great Wall Motor are leading innovations such as AD type disc brake systems and semi-dry brake systems for heavy commercial vehicles.
The automotive industry is undergoing a significant transformation, with a focus on enhancing efficiency, sustainability, and safety. Future brake systems are set to incorporate advanced technologies such as kinetic energy recovery and thermal energy management, promising improved performance and eco-friendliness. Additionally, the convergence of electric vehicles, advanced driver assistance systems, and vehicle technology is leading to the development of innovative braking solutions. One such technology is Automotive Brake-by-wire Systems, which utilize electrical signals to control braking functions instead of traditional hydraulic systems. This technology offers several advantages, including reduced weight, improved safety, and the potential for integrated vehicle control systems. The market for these advanced braking solutions is expected to grow significantly, catering to the diverse needs of the automotive sector, from passenger automobiles to heavy-duty commercial vehicles.
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Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.64% |
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Market Growth 2024-2028 |
USD 2.11 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.42 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, market research and growth, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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