Global Engine Brake Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Engine Brake Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Engine braking refers to the use of engine braking to raise the accelerator pedal, but without stepping on the clutch, to use the compression resistance generated by the engine's compression stroke, internal friction and intake and exhaust resistance to form a braking effect on the driving wheels.

Market Overview:

The latest research study on the global Engine Brake market finds that the global Engine Brake market reached a value of USD 713.5 million in 2022. It’s expected that the market will achieve USD 1037.59 million by 2028, exhibiting a CAGR of 6.44% during the forecast period.

Fierce competition

There are a large number of companies in the industry and the competition is fierce. If the company cannot correctly grasp the market dynamics and industry development trends, it cannot further consolidate its dominant position and ensure its core in product research and development, market expansion, etc. There are market competition risks such as decline in business performance and decline in market share due to weakened competitive advantages. In addition, more and more competitors are entering the market, which means that competition in the industry will become increasingly difficult. If the players still provide roughly the same products or services, or at least few obvious differences; Or if the players continue to compete on price in Engine Brake products, avoiding enhancing products with features and technological content that could increase costs, it will be hard for them to sustain the fierce market. Therefore, companies in the Engine Brake market must increase their R&D activities in order to gain a competitive edge over other market players.

The impact of macroeconomic fluctuations on the industry

Engine Brake products are an important part of the automotive industry, so the evolution of the Engine Brake industry is highly relevant to the evolution of the automotive industry. The automobile industry is characterized by a strong pro-economic cycle. When the macro economy is in the rising stage, residents' willingness and ability to consume automobiles will be enhanced, thus promoting the development of the automobile industry. In contrast, when residents' willingness to consume cars declines, automobile manufacturers are encouraged to reduce output and the entire automobile industry develops slowly. The drop in auto sales will hurt demand from auto parts suppliers. In the future, if the growth rate of the automotive industry slows down or slows down further, a downturn in the automotive industry could result in low sales of vehicles, and with that, lower sales of Engine Brake products. This could have a negative impact on the business of Engine Brake manufacturers.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (56.72% in 2021).

Company Overview:

Jacobs Vehicle Systems is one of the major players operating in the Engine Brake market, holding a share of 41.4% in 2022.

Jacobs Vehicle Systems

Jacobs Vehicle Systems, Inc. is an American company that engineers, develops and manufactures commercial vehicle retarding and valve actuation technologies.

Volvo

The Volvo is a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services.

Segmentation Overview:

By type, Compression Release Brake segment accounted for the largest share of market in 2021.

Compression Release Brake

A compression release brake (also known as a Jacobs brake or jake brake), is the type of brake most commonly confused with real engine braking; it is used mainly in large diesel trucks and works by opening the exhaust valves at the top of the compression stroke, so the large amount of energy stored in that compressed air is not returned to the crankshaft, but is released into the atmosphere.

Exhaust Brake

An exhaust brake works by causing a restriction in the exhaust, much like the intake throttle causes in a gasoline engine. In simple terms, it works by increasing the back-pressure of the exhaust. Nearly all of these brakes are butterfly valves similar to a throttle valve, mounted downstream of the turbocharger if there is one.

Application Overview:

The market's largest segment by application is the segment Above 15 MT, with a market share of 42.93% in 2021.

Key Companies in the global Engine Brake market covered in Chapter 3:

Youshun Auto Parts
Jacobs Vehicle Systems
Volvo
Pacbrake Company
MAN SE
Eaton Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Engine Brake market from 2018 to 2029 is primarily split into:

Compression Release Brake
Exhaust Brake

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Engine Brake market from 2018 to 2029 covers:

Below 11 MT
11-15 MT
Above 15 MT

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)