The global engine brake market is expected to reach USD 1.78 Billion by 2026, according to a new report by Reports and Data. Engine brakes are a highly cost-effective system that helps the vehicle owner for the long-term profit. The engine brake decreases the effort needed by the primary friction brakes, which improves the lifespan of the elemental friction brake pads or shoes. This, in turn, enhances the replacement interval of primary brake components.
Governments across the globe have prohibited the application of engine brakes by the vehicles, to reduce the noise pollution levels, which may create hindrances in the growth of the market in the upcoming years. Typically, research shows that the decibel level to be the same as that of a giant lawnmower, which can be very disruptive to local communities.
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Key participants include WABCO Vehicle Control Systems, AISIN SEIKO Co., MAN SE, Voith GmbH & Co. KGaA, Robert Bosch, ZF Friedrichshafen AG, Jacobs Vehicle Systems, Inc., SORL Auto Parts, Inc., Eaton Corporation PLC, Telma SA Auto Parts, Inc., and Pacbrake Company among others.
Based on vehicle type, global engine brake market is segmented into passenger vehicle and commercial vehicle. In 2018, the passenger vehicle market accounted for the largest share of 69.9% of global engine brake market.The compression release brake segment held the largest market share of 59.9% in 2018 and is estimated to experience the growth rate of 7.1% in the period 2019-2026. The exhaust brake segment generated a revenue of USD 408.4 million in 2018, which is 11.6% over the revenue generation in the previous year.
Asia Pacific region dominated the market in with around 45% of the market share in 2018 and is forecasted to witness the fastest growth rate of 7.5% in the forecast period.The passenger Type vehicle in India is estimated to reach USD 83.5 million by 2026 and is expected to grow at the highest rate of 8.3% during the forecast period. This segment is increasing as they provide better value for money corresponded to SUVs and sedans.
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