Truck Engine Brake Market Emerging Trend, Top Companies, Industry Demand and Regional Analysis by 2028

The global truck engine brake market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028).

Truck engine brake are required when the retarding forces within an engine needs to be slowed down, in contrary to using additional external braking mechanisms such as friction brakes or magnetic brakes. Owing to their ability of reducing the wear and tear on the regular brakes, their adoption is growing substantially all across the globe. The market growth is majorly attributable to the rising cases of accidents on roads coupled with the growing demand and the use of truck engine brake by the OEMS in the manufacturing of vehicles. Its ability to slow down their load without having to use a large amount of force and reduce tire wear in order for them to stop is the major factor driving its demand all over the globe.

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Road accidents due to heavy trucks is major concern for economies throughout the globe. As per the National Safety Council of US, 1,038 workers died and 25,830 were injured in the work-related road accidents. Only heavy trucks are not involved in these work-related crashes, however, light fleet vehicles, such as pick-up trucks, passenger vehicles, SUVs, and vans are also responsible. Thus, to minimize such risks, the use of truck engine braking system in the new truck vehicles is likely to grow, thereby augmenting the growth of the global truck engine brake market.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Cummins Inc., Jacobs Vehicle Systems, Inc., and Volvo AB, among others.

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 COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Truck Engine Brake Market Report by Segment

By Type
• Compression Release Engine Brake
• Exhaust Brake

By Application
• Below 11 MT
• 11-15 MT
• Above 15 MT

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This release was published on openPR.