Global Heavy-duty Vehicle Braking System Market 2024-2028

Global Heavy-duty Vehicle Braking System Market 2024-2028

The heavy-duty vehicle braking system market is forecasted to grow by USD 2108.11 mn during 2023-2028, accelerating at a CAGR of 4.64% during the forecast period. The report on the heavy-duty vehicle braking system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for heavy-duty vehicles in India and Eastern Europe, accelerating demand for high-quality braking systems due to brake awareness programs, and growing need for mandatory safety solutions for heavy-duty vehicles.

Technavio's heavy-duty vehicle braking system market is segmented as below:

By Application

• Trucks
• Buses
• Others

By Type

• Class 8
• Class 7

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the growing popularity of lightweight braking systems as one of the prime reasons driving the heavy-duty vehicle braking system market growth during the next few years. Also, technological advances in braking systems as groundwork for developing autonomous heavy-duty vehicles and brake dust filters in trucks to improve air quality will lead to sizable demand in the market.

The report on the heavy-duty vehicle braking system market covers the following areas:

• Heavy-duty vehicle braking system market sizing
• Heavy-duty vehicle braking system market forecast
• Heavy-duty vehicle braking system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty vehicle braking system market vendors that include 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. Also, the heavy-duty vehicle braking system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth