MarketResearchNest.com adds “Global Commercial Vehicle Braking System Market 2017-2021” new report to its research database. The report spread across 84 pages with table and figures in it.
Research analysts forecast the global commercial vehicle braking system market to grow at a CAGR of 0.55% during the period 2017-2021.
About Commercial Vehicle Braking System
Braking systems are used for stopping the vehicle. The braking system converts the kinetic energy of a moving vehicle to heat energy by allowing friction to be applied to wheels. Brakes are the most critical component of any moving vehicle and are often applied in displeasure (hard stops) in the case of passenger cars and motorcycles; hence, there is a demand for durable brakes. Additionally, high-speed riding and race-use demand high-performance brakes to bear high heat generation and manage control of the vehicle.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle braking system market for 2017-2021. To calculate the market size, the report considers new installations, sales, and volume of braking systems.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-commercial-vehicle-braking-system-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Commercial Vehicle Braking System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Braking System Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial vehicle braking system market: ContiTech, Knorr-Bremse, Robert Bosch, and WABCO.
Other Prominent Vendors in the market are: Baer Brakes, Brembo, Federal-Mogul, HYUNDAI MOBIS, Meritor WABCO, SKF, Tata AutoComp Systems (TACO), Wilwood Engineering, and ZF Friedrichshafen.
Commenting on the report, an analyst from Research team said: “One trend in the market is OEMs and tier-1 suppliers prioritizing lightweight braking system. Commercial vehicle manufacturers are aggressively working toward reducing the weight of the braking system. This has led to work on the development of lighter high-performance brake system by suppliers in the market. The requirement of lighter yet durable brakes is pushing the adoption of high-performance brakes in commercial vehicles across the world.”
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According to the report, one driver in the market is increasing demand for mandatory safety solutions in commercial vehicles. Rising number of road traffic accidents globally and unpredictable road conditions are driving governing bodies to formulate regulations for maintaining basic and mandatory safety solutions within commercial vehicles. For instance, the US DoT and NHTSA have been formulating a set of safety braking functions specifically for commercial vehicles since 2016. The two American departments have proposed a petition for mandatorily installing various types of safety braking systems like dynamic braking support, crash imminent braking systems, and forward crash warning systems.
Further, the report states that one challenge in the market is increased concerns over stability of commercial vehicles with advanced braking systems. Rising instances of road accidents involving commercial vehicles have induced governing bodies of various countries to implement advanced braking systems, such as automatic braking systems, emergency brakes, and pedestrian brakes in commercial vehicles, especially in the heavy-duty trucks in Europe. However, commercial vehicles laden with load require special expertise from the driver’s side to increase the stability of the vehicle while abruptly braking.
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 a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain