The automotive industry is significantly dynamic in nature, the industry has showcased continuous evolution over the time and has potential for endless innovation and advancement with the growing consumer needs and increasing performance of the vehicle. Of the various systems imbibed in an automotive, braking system is among the one which is the most basic and conventional system but still, has been witnessing growth and advancement over years which varies upon various parameters including vehicle type, braking requirement, component materials, implementation of newer technologies and others. Variation across vehicle types is one of the most elementary parameter that differentiates the type, intensity of braking, type of materials to be used for the components. For heavy commercial vehicles, the brake components should be capable of bearing high intensity of static and dynamic forces and ensure stoppage of vehicles within minimum distance. For this, the construction and the material requirement of HCV brakes varies from that of LCV and passenger cars, thus making HCVs a substantial area of interest.
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With the growing regulatory concern and implementation of stricter stopping distance guidelines for heavy commercial vehicles makes heavy commercial vehicles brake component market to hold significant growth potential. Further, in terms of production, heavy trucks witnessed growth of 18.2% in 2017 as compared to the production in 2016. Also the global commercial vehicle sales reached 26 Mn in 2017, a growth of 6.4% as compared to 2016. Apart for aforementioned factors, the going electrification of vehicles and increase in sales of electric bused and on-going research in electric trucks is expected to demand research in novel and more efficient braking technologies, thus making the heavy commercial vehicles brake market of significant importance.
Examples of the key players identified in the global HCV brake component market incudes Continental AG, ZF Friedrichshafen AG, Delphi Automotive PLC, Valeo S.A, Federal-Mogul Holdings Corporation, Nissin Kogyo Co. Ltd., Robert Bosch GmbH, Akebono Brake Industry Co Ltd, Magneti Marelli S.p.A, Mando Corporation, Brembo S.p.A., Gorilla Brake and Components Inc. and Bendix Spicer Foundation Brakes LLC.
Key Vendor Developments
- In 2018, Meritor Inc. announced Air Disc Brakes as standard feature in Freightliner series of heavy trucks
- In 2017, the company launched air disc brakes for tractors and trailers
- In 2016, Continental AG established electronic braking system manufacturing facility in Manesar, India
- In 2015, Continental AG entered into joint venture with Huayu Automotive Systems Co. Ltd, for improvement and development of Brake components.
- In 2015, ZF Friedrichshafen AG acquired the U.S.-based TRW, which is a global manufacturer & supplier of automotive components for both OEM as well as aftermarket and named it as ZF TRW Automotive Holdings Corporation.
- In January 2017, Valeo S.A. introduced 360ABE nearshield, which is a new autonomous emergency braking system that will bring the vehicle to automatic halt to prevent impact by eliminating blind spots especially while reversing.
- In 2016, Valeo Japan Co., LTD, demonstrated for the media its automated parking and braking technologies at its Tsukuba Techno Centre, Japan.
- In 2016, Mando Corporation established R&D facility in Chennai, India for development & production of brakes and brake components.
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Some of the key data points covered in our report include:
- An overview of the lubrication tools and equipment market, including background and evolution
- Macroeconomic factors affecting the lubrication tools and equipment market and its potential
- Market dynamics, such as drivers, challenges and trends
- Technology Roadmap involved from inception period to present date
- Detailed value chain analysis of the lubrication tools and equipment market
- Cost structure of the products and segments covered in the global lubrication tools and equipment market
- In-depth pricing analysis, by key product segments, regions and by major lubrication tools and equipment market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global lubrication tools and equipment market
- Analysis of the global lubrication tools and equipment market structure, including a tier-wise categorization of key Lubrication Tools and Equipment market participants
- Competitive landscape of the market, including detailed profiles of top players in the lubrication tools and equipment market
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