Heavy-duty Vehicle Braking System Market size was valued at USD 5.8 Billion in 2024 and is projected to reach USD 8.9 Billion by 2033, exhibiting a CAGR of 5% from 2026 to 2033.
The global heavy duty vehicle braking system market was valued at approximately USD 8.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The growth of this market is driven by the increasing demand for heavy duty trucks and commercial vehicles across industries such as logistics, construction, and mining. The rising adoption of advanced braking technologies like electronic braking systems (EBS) and automatic emergency braking (AEB) also contributes to the markets expansion. Furthermore, the growing focus on vehicle safety standards and regulatory frameworks is accelerating market growth, particularly in regions with stringent safety regulations for commercial vehicles.
Regionally, North America holds a significant share of the heavy duty vehicle braking system market, accounting for approximately 32% of the global market in 2022. This dominance is primarily due to the high adoption of advanced braking technologies and the growing demand for heavy duty trucks in industries like logistics and transportation. Europe follows with a market share of about 28%, driven by stringent safety regulations and technological advancements in braking systems. The Asia Pacific region is expected to witness the highest growth rate, with a CAGR of over 7%, as emerging economies like China and India continue to expand their industrial and logistics sectors, creating new opportunities for heavy duty vehicle manufacturers and suppliers.
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Robert Bosch
Continental
ZF Friedrichshafen
Tenneco
Meritor
WABCO Holdings
Knorr-Bremse
Hyundai Mobis
Brembo
Akebono Brake Industry
Baer Brakes
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Heavy-duty Vehicle Braking System Market
Light-duty Vehicles
Medium-duty Vehicles
Heavy-duty Vehicles
Disc Brakes
Drum Brakes
Hydraulic Brakes
Pneumatic Brakes
ABS (Anti-lock Braking System)
ESC (Electronic Stability Control)
Brake Pads
Brake Rotors
Brake Calipers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Heavy-duty Vehicle Braking System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Heavy-duty Vehicle Braking System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Heavy-duty Vehicle Braking System Market, By Type
6. Global Heavy-duty Vehicle Braking System Market, By Application
7. Global Heavy-duty Vehicle Braking System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Heavy-duty Vehicle Braking System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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