World News: 15:58 GMT Thursday 6th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.
One trend in the market is accelerating demand for high quality braking systems due to rising number of brake awareness programs.
Automotive manufacturers worldwide are under high pressure to equip their commercial vehicles with high-quality braking systems. In addition to the regulations that specify maximum stopping distance of a heavy-duty vehicle, there are only a few methods for testing the braking systems to ensure the effective performance of heavy-duty vehicle braking systems.
According to the report, one driver in the market is increasing demand for heavy-duty vehicles in India and Eastern Europe.
The braking system is a basic component in every vehicle: the designs and types of braking systems vary based on vehicle type. The increase in demand for heavy-duty vehicles is expected to have a positive impact on the growth of the global heavy-duty vehicles braking system market during the forecast period. Over the years, China, Japan, North American countries, and Western European countries have emerged as the major markets for heavy-duty vehicles
Further, the report states that one challenge in the market is decline in profit margins due to high cost of manufacturing.
Factors that are hindering the growth of the heavy-duty vehicle market will have an adverse impact on the growth of the global heavy-duty vehicle braking system market. The mandatory incorporation of advanced technologies in the heavy-duty vehicle braking systems is expected to increase the manufacturing cost, which would eventually be partially pushed to the end-users. The high prices of the vehicles will slow down their sales, which would ultimately affect the growth of heavy-duty vehicle braking system market.
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDSPART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
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Related Topics: Brake Systems and Components
Globe Newswire: 15:58 GMT Thursday 6th December 2018
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