Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The "Global Heavy-duty Vehicle Braking System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

One trend in the market is accelerating demand for high quality braking systems due to rising number of brake awareness programs.

Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. In addition to the regulations that specify maximum stopping distance of a heavy-duty vehicle, there are only a few methods for testing the braking systems to ensure the effective performance of heavy-duty vehicle braking systems.

According to the report, one driver in the market is increasing demand for heavy-duty vehicles in India and Eastern Europe.

The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles

Further, the report states that one challenge in the market is decline in profit margins due to high cost of manufacturing.

Factors that are hindering the growth of the heavy-duty vehicle market will have an adverse impact on the growth of the global heavy-duty vehicle braking system market. The mandatory incorporation of advanced technologies in the heavy-duty vehicle braking systems is expected to increase the manufacturing cost, which would eventually be partially pushed to the end-users. The high prices of the vehicles will slow down their sales, which would ultimately affect the growth of heavy-duty vehicle braking system market.

Key Players

• Akebono Brake Industry
• Knorr-Bremse
• Meritor
• WABCO
• ZF Friedrichshafen

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Trucks - Market size and forecast 2018-2023
• Buses - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Akebono Brake Industry
• Knorr-Bremse
• Meritor
• WABCO
• ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/g2mqwg/global_heavyduty?w=12

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Related Topics: Brake Systems and Components