Engine Brake System Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global engine brake system market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028). Engine braking is the process of slowing down a vehicle by stepping off the accelerator and downshifting gears instead of pressing on the brake pedal. The braking system on a vehicle is responsible for slowing it down while driving. Engine brake changes the operation of the engine's exhaust valves so that the engine works as a power-absorbing air compressor while activated. The rise in awareness about vehicle safety for braking technologies that can reduce fuel wastage are some driving factors for the growth of the market. The engine brake system controls the transmission of power to the wheels by compression release, and exhaust braking that deaccelerates the vehicle and also reduces the usage of primary brakes.

The market is segmented based on the vehicle type, form, engine, and transmission type. Based on the form, the market is sub-segmented into exhaust brakes and compression brakes. Drivers can rely only on exhaust brakes for stopping their cars. Especially if the vehicle doesn't have a very high speed, drivers can use only the exhaust brakes for slowing down and stopping their cars, reducing the wear and tear on the regular brakes. A compression brake is used mainly in large diesel trucks and works by opening the exhaust valves at the top of the compression stroke. A compression release brake can assist a vehicle to maintain or even reduce speed with minimal use of the service brakes.

Some major players in the market include ZF Friedrichshafen AG, Aisin Seiki Co, Ltd., and Continental AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2019, NRS Brakes, launched the galvanized brake pads product line. These galvanized brake pads provide rust protection to all the brake parts, including calipers and rotors. Additionally, in March 2020, ZF Friedrichshafen AG launched an electric park brake. Through these brakes, small vehicles can be equipped with advanced braking systems, and car manufacturers can do interior designing.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Vehicle Type
•By Form
•By Engine
•By Transmission Type
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- ZF Friedrichshafen AG, Aisin Seiki Co, Ltd., and Continental AG, among others.

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Global Engine Brake System Market Report by Segment
By Vehicle Type
•Passenger Vehicles
•Commercial Vehicles
By Form
•Exhaust Brake
•Compression Brake
By Engine
•Gasoline Engine
•Diesel Engine
By Transmission Type
•Manual Transmission
•Automatic Transmission

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.