The research report on heavy commercial vehicles brake component market will supply necessary information on technology-strategy mapping and emerging trends with regards to heavy commercial vehicle brakes.
The automotive industry is significantly dynamic in nature, the industry has showcased continuous evolution over the time and has potential for endless innovation and advancement with the growing consumer needs and increasing performance of the vehicle. Of the various systems imbibed in an automotive, braking system is among the one which is the most basic and conventional system but still, has been witnessing growth and advancement over years which varies upon various parameters including vehicle type, braking requirement, component materials, implementation of newer technologies and others. Variation across vehicle types is one of the most elementary parameter that differentiates the type, intensity of braking, type of materials to be used for the components. For heavy commercial vehicles, the brake components should be capable of bearing high intensity of static and dynamic forces and ensure stoppage of vehicles within minimum distance. For this, the construction and the material requirement of HCV brakes varies from that of LCV and passenger cars, thus making HCVs a substantial area of interest.
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With the growing regulatory concern and implementation of stricter stopping distance guidelines for heavy commercial vehicles makes heavy commercial vehicles brake component market to hold significant growth potential. Further, in terms of production, heavy trucks witnessed growth of 18.2% in 2017 as compared to the production in 2016. Also the global commercial vehicle sales reached 26 Mn in 2017, a growth of 6.4% as compared to 2016. Apart for aforementioned factors, the going electrification of vehicles and increase in sales of electric bused and on-going research in electric trucks is expected to demand research in novel and more efficient braking technologies, thus making the heavy commercial vehicles brake market of significant importance.
Examples of the key players identified in the global HCV brake component market incudes Continental AG, ZF Friedrichshafen AG, Delphi Automotive PLC, Valeo S.A, Federal-Mogul Holdings Corporation, Nissin Kogyo Co. Ltd., Robert Bosch GmbH, Akebono Brake Industry Co Ltd, Magneti Marelli S.p.A, Mando Corporation, Brembo S.p.A., Gorilla Brake and Components Inc. and Bendix Spicer Foundation Brakes LLC.
Key Vendor Developments
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Some of the key data points covered in our report include:
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Oct 26, 2022