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.
Technavio’s analysts forecast the global commercial vehicle braking system market to grow at a CAGR of 0.55% during the period 2017-2021.
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.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
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.
Market driver • Increasing demand for mandatory safety solutions in commercial vehicles • For a full, detailed list, view our report
Market challenge • Increased concerns over stability of commercial vehicles with advanced braking systems • For a full, detailed list, view our report
Market trend • OEMs and tier-1 suppliers prioritizing lightweight braking system • For a full, detailed list, view our report
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?
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