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Home Automotive, Transportation and Warehousing Automotive and Automotive Components Rise in Adoption of Electronically Assisted Braking Functionalities Anticipated to Drive Global...

Rise in Adoption of Electronically Assisted Braking Functionalities Anticipated to Drive Global Heavy Truck Engine Brake Market: Ken Research

Engine brake is a highly cost-effective system that uses the resistance of engine rotation. It helps the vehicle owner for long-term profit. It is utilized in diesel engines. It is a vehicle slowing device not a vehicle stopping device. It controls the functioning of valves and reduces the speed of the engine, which results in quick braking of the vehicle and requirement of less primary brake engagement.

According to study, “Global Heavy Truck Engine Brake Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the companies that are currently working in the global heavy truck engine brake market are Eaton, Knorr-Bremse AG, Voith GmbH & Co. KGaA, Jacobs Vehicle Systems, Inc., Nippon Steel Corp.,Scania AB, China FAW Group Co. Ltd., Cummins Inc., AB Volvo, MAN SE, Ennova, Pacbrake Co.

Based on type, heavy truck engine brake market is segmented into exhaust brake, retarder and compression release brake. Exhaust brake segment dominates the market owing to its simplified functioning. In this segment, the valve restricts the emission exhaust, therefore reduces the speed of the engine by increasing the back pressure of the exhaust.Additionally, compression release brake segment is likely to exhibit higher CAGR due to rise in stringent safety norms implemented by governing bodies during the forecast period. Based on application, market is segmented into below 11MT, 11MT to 15MT and above 15 MT. In addition, based on end-user, market is segmented into oil & gas industry, agriculture industry, mining industry, logistic industry and others.

With the emergence of advanced brake assist functions, for instance electronic brakeforce distribution (EBD), electronic brake assist (EBA), electronic stability control (ESC), anti-lock braking system (ABS), traction control system (TCS), the braking capabilities of heavy-duty vehicles have considerably improved. These technologies are coordinated with the operations of engine brakes, and service brakes to attain optimum braking performance. Many governments across the world are mandating vehicle manufacturers to equip such advanced technologies in their vehicles to enhance safety.

The heavy truck engine brake market is driven by rise in adoption of electronically assisted braking functionalities, followed by increase in advent of remote diagnostics for advanced braking systems,and rise in emergence of electric trucks. However, rise in preference of society toward electric vehicles is expected to negatively affect the market, as electric motors completely replace the engines, which in turn is estimated to impede the automotive engine brake during the forecast period. Moreover, rise in adoption of heavy truck across agriculture, oil &gas, and mining industries is a key opportunity for market. Furthermore, launch of new truck models equipped with engine brakes is a major trend for market.

Based on geography, the North-American is a leading region in heavy truck engine brake market owing to high production of the commercial vehicles in the region. Whereas, the European and Asian-pacific regions are anticipated to exhibit substantial growth rate due to increase in industrialization over the forecast period. In upcoming years, it is estimated that the market will be reached at rapid pace on account of rise in demand for heavy-duty trucks and growth of the logistics industry during the forecast period.

For More Information, click on the link below:-

Global Heavy Truck Engine Brake Market Research Report

Related Reports:-

Heavy Truck Engine Brake Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Heavy Truck Engine Brake Market Status and Future Forecast 2015-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

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