Global Truck Engine Brake Market Overview:
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.
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 |
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:
Noise Problem of Engine Brake
Restraints:
Stringent Government Regulations in Some Courtiers
Opportunities:
Growing Demand for Safety & Security of Vehicles in Forecasted Period
Competitive Landscape:
Due to the presence of multiple competitors, the Truck Engine Brake is fragmented and is expected to experience competition. In order to stay ahead of the competition and to guarantee effectiveness, integrity, and safety, the major service providers in the industry are constantly updating their technologies.
Some of the key players profiled in the report are Jacobs Vehicle Systems (Altra Industrial Motion) (United States), MAT Foundry Group Ltd (United States), Eaton Corporation (Ireland), Man Bus & Truck (MAN SE) (Germany), Cummins (United States) and Pacbrake (Canada). Considering Market by Distribution Channels, the sub-segment i.e. Direct will boost the Truck Engine Brake market. Considering Market by Settings, the sub-segment i.e. 2 Cylinders will boost the Truck Engine Brake market.
Latest Market Insights:
On 18th March 2019, Eaton, the power management company Eaton is partnering with several manufacturers of trucks 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 percent.
On 11th February 2019, Jacobs Vehicle System, the leading manufacturer of diesel and natural gas engine retarding system and valve actuation mechanisms has to launch a compression release engine brake for the all-new 2020 Hino XL Series Truck.
As per published in “ORL Research Report”, in some states of countries the use of Jake Brakes is prohibited due to the brake retarder noise emission and vibrations
What Can be Explored with the Truck Engine Brake Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Truck Engine Brake Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Truck Engine Brake
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Truck Engine Brake market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Truck Engine Brake market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Truck Engine Brake Manufacturer, Raw Material Suppliers, Truck Manufacturer, Research Organization, Government Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.