Exhaust Brake Market Revenue, Industry Growing Demand, Top Companies, Regional Outlook Up to 2028

The global exhaust brake market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028).

An exhaust brake is a means of slowing a diesel engine by closing off the exhaust path from the engine, causing the exhaust gases to be compressed in the exhaust manifold, and in the cylinder. Since the exhaust is being compressed, and there is no fuel being applied, the engine slows down the vehicle. 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 growing demand and the use of exhaust brakes by the OEMS in the manufacturing of vehicles.

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Other key factors driving the growth of the global exhaust brake market include the rise in the number of automobile cars globally in recent years as a result of increase in per capita income, increased urbanization & industrialization, growth in the living standards, and change in consumer preferences. For instance, as per the OICA, total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such augmented vehicle sales have also surged the demand for, and the use of exhaust brakes by the OEMS in the manufacturing of vehicles, thereby driving the growth of the global exhaust 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: Eaton Corp., AB Volvo, and Jacobs Vehicle Systems, Inc., 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 Exhaust Brake Market Report by Segment

By Type
• Pipe Exhaust Brake
• Engine Exhaust Brake

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

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This release was published on openPR.