The heavy-duty vehicle engine brake is a special type of automotive braking system that utilizes the braking function of the engine to reduce the speed of the vehicle. This type of brake is usually installed on heavy-duty vehicles (such as trucks and buses) to provide better braking performance and safety.
Overview of Market Development and Analysis of Segmented Markets
The heavy-duty vehicle engine brake is an important safety and braking component in heavy-duty vehicles, and its market demand is closely related to the heavy-duty vehicle market. With the development of the global economy and the prosperity of the logistics industry, the heavy-duty vehicle market continues to expand, which has driven the growth of the engine brake market.
According to our research data, the total revenue of the global heavy-duty vehicle engine brake market in 2023 was $619 million. In the future, with the continuous advancement of braking technology, the performance and safety of engine brakes will be further improved. The application of new technologies such as intelligence and electrification will present a new development trend in the motor brake market. It is expected that the total revenue of the global heavy-duty vehicle engine brake market will increase to $640 million by 2025.
According to different working principles, heavy-duty vehicle engine brakes can usually be divided into two categories: hydraulic and mechanical. Hydraulic engine brake utilizes the principle of hydraulic transmission to transfer the torque of the engine to the transmission shaft, thereby achieving braking; The mechanical engine brake transfers the torque of the engine to the transmission shaft through mechanical means, thereby generating braking torque. Data shows that in 2023, the revenue share of the global hydraulic engine brake and mechanical engine brake sub-markets was 58.76% and 41.24%, respectively.
From a regional distribution perspective, Asia Pacific, Europe, and North America are the main markets for heavy-duty vehicle engine brakes worldwide. Among them, the rapid development of emerging markets such as China and India has made the Asia Pacific market the most dynamic market in the world. Data shows that in 2023, the revenue share of the heavy-duty vehicle engine brake market in the Asia Pacific region reached 52.52%. Meanwhile, the European and North American markets are also maintaining a stable growth trend.
Global Heavy-duty Vehicle Engine Brake Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
From the perspective of market competition, the concentration of the global heavy-duty vehicle engine brake market is relatively high. Data shows that in 2020, the revenue of the heavy-duty vehicle engine brake market of the top 3 enterprises in the industry was a total of $319.61 million, with a total revenue share of 55.69%. The top three companies were Jacobs Vehicle Systems Inc., Eaton Corp. Plc, and AB Volvo. In 2020, these three companies accounted for 33.30%, 11.89%, and 10.50% of the global market revenue in the heavy-duty vehicle engine and brake market, respectively.
Heavy-duty Vehicle Engine Brake Market Revenue and Share of Main Companies
in 2020
Companies
|
Market Revenue (Million USD)
|
Share
|
Jacobs Vehicle Systems Inc.
|
191.06
|
33.30%
|
Eaton Corp. Plc
|
68.32
|
11.89%
|
AB Volvo
|
60.23
|
10.50%
|
Top3
|
319.61
|
55.69%
|
Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Heavy-duty Vehicle Engine Brake Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".