Latest business intelligence report released on Global Commercial Vehicle Braking Systems Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Commercial Vehicle Braking Systems market outlook.
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
Robert Bosch GmbH (Germany), ContiTech (Germany), Knorr-Bremse (Germany), Wabco Vehicle Control Systems (France), ZF Friedrichshafen AG (Germany), Federal-Mogul Corporation (United States), AB SKF (Sweden), Hyundai Mobis (South Korea), Wilwood Engineering (United States)
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Brief Overview on Commercial Vehicle Braking Systems:
The commercial vehicle system is defined as the arrangement of various linkages and components which convert the vehicle’s kinetic energy into the heat energy and helps to stop vehicle. Some of the advantages of a commercial vehicle braking system are to stop the moving vehicle, to de accelerate the moving vehicle, to prevent the vehicle from any damage owing to road conditions, among others. Demand for commercial vehicles has increased due to an increase in government initiative regarding the brake system. For instance, in August 2013, according to the National Highway Traffic Safety Administration (United States), there have been implemented stopping distance regulations, where the stopping distance for unloaded three-axle trucks and loaded three-axle trucks was set to 235 feet as well as 310 feet. Hence, government initiatives regarding the braking system will affect the growth of the market in the future.
Key Market Trends:
Technology Advancement regarding Commercial Vehicle Braking System
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others
Market Growth Drivers:
Development of Road Infrastructure as well as Distribution & Public Transportation
Rising Demand of New Car Assessment Program on Electronic Brake Systems
Challenges:
Issue related to Brake Emissions
Segmentation of the Global Commercial Vehicle Braking Systems Market:
by Type (Drum Brake, Disc Brake), Application (Service Brakes, Parking Brakes, Others), Brake Force Distribution (Single Acting Brakes, Dual Acting Brakes), Power Source (Mechanical Braking System, Hydraulic Braking System, Air or Pneumatic Braking System, Vacuum Braking System, Magnetic Braking System, Electric Braking System), Vehicle Type (Light Commercial Vehicles {Cargo, Tempo, Mini Trucks, Buses, others}, Heavy Commercial Vehicles {Large Truck, others})
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data – 2016-2020
The base year for estimation – 2020
Recent Estimated Year – 2021
Forecast period** – 2021 to 2026 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Commercial Vehicle Braking Systems Market Study
Chapter 1: Exclusive Summary of the Commercial Vehicle Braking Systems market
Chapter 2: Objective of Study and Research Scope the Commercial Vehicle Braking Systems market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2026
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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