What is Truck Engine Break Market Scope?
The truck engine brake is also known as compression release engine brake, Jacobs brake or Jake brake. It is most commonly used in large diesel engines on semi-trucks. The Jake engine brake is a diesel engine retarder that uses the engine to support slowing and controlling the vehicle. This provides a slowdown action to the trucks drive wheels which is enabled to improve vehicle control without using service brake. Moreover, this truck engine brake is used in trucks, Volvo, bus, tractors or a trailer which reduces the service engine brake maintenance. Based on the product type, exhaust brake is expected to hold the largest share in truck engine brake in the forecast period.
Influencing Trend:
Increasing Trend in Pick-Up Trucks and Rising Trend of Compression release brakes are improving medium-duty truck efficiency and safety
Market Growth Drivers:
Increasing Adoption of Heavy Duty Trucks for Mining, Agriculture Industries across the Globe, Truck Engine Brakes Increases the Service Brake Life and Growing Demand Due To It Can Be Optimize Total Cost of Truck Owner
Challenges:
Main Problem of Engine Brake is the Noise it creates
Restraints:
Stringent Government Regulations in Some Countries
Opportunities:
Growing Demand for Safety & Security of Vehicles in the Forecast Period
The Truck Engine Break market study is being classified by Type (Compression Release Brake and Exhaust Brake), by Application and major geographies with country level break-up.
Jacobs Vehicle Systems is one of the largest players in the engine brake market. The company offers a range of engine brakes, including the popular "Jake Brake" brand. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Truck Engine Break market throughout the predicted period.
Jacobs Vehicle Systems (Altra Industrial Motion) (United States), MAT Foundry Group Ltd (United States), Eaton Corporation (Ireland), Man Bus & Truck (MAN SE) (Germany), Ennova (United States), Cummins (United States), SMMT (United Kingdom), Pacbrake (Canada), AB Volvo (Sweden), General Motors Company (United States), Ferodo (United Kingdom), Tatra (Czechia), Sinotruk Howo (China) and Isuzu Motors Ltd. (Japan) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Truck Engine Break market by Type, Application and Region.
On the basis of geography, the market of Truck Engine Break has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 18th March 2019, Eaton, the power management company Eaton is partnering with several truck manufacturer participating in the U.S. Department of Energy’s (DOE) SuperTruck II program. This partnership is to improve the engine brake thermal efficiency performance by 55 per cent.
On 11th February 2019, Jacobs Vehicle System, the leading manufacturer of diesel and natural gas engine retarding system and valve actuation mechanisms launched a compression release engine brake for the all-new 2020 Hino XL Series Truck.
Key Target Audience
Truck Engine Brake Manufacturer, Raw Material Suppliers, Truck Manufacturer, Research Organization, Government Regulatory Bodies and Others
Truck Engine Break Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Truck Engine Break Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Truck Engine Break industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.