Automotive Engine Brake Market – Impact of COVID-19 pandemic on Market

By
Zaraki Kenpachi
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Automotive Engine Brake Market: Introduction

  • Rise in awareness about vehicle safety is fueling the demand for better braking technologies that reduce fuel wastage and effectively provide vehicle braking
  • Automotive engine braking is a technology that supplements the primary friction braking of vehicles and reduces the loss of energy. The engine brake system controls the transmission of power to the wheels by compression release, exhaust braking, bleeder braking, or any other such technology that deaccelerates the vehicle and subsequently, reduces the usage of primary brakes.

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Key Drivers of Automotive Engine Brake Market

  • Sale of passenger vehicles is rising around the world owing to growing disposable income of the population. Furthermore, increasing trade activities across the globe has increased the fleet of commercial vehicles. Additionally, on-going infrastructure development projects have further increased the sale and miles driven of commercial vehicles. For instance, Ashok Leyland witnessed an increase of 23% in sales of trucks for the month of November 2024 with a total of 4,238 units sold, as compared to 3,447 units sold in the corresponding period last year. Government authorities have introduced lucrative vehicle loans for commercial automobiles. New associations are being formed, such as Modernize the Truck Fleet Coalition of the U.S., which are striving to streamline the expansion of the trucking industry. These factors are further boosting the sale of commercial vehicles. Rise in sale of trucks due to growing trade and transportation activities is driving the automotive engine brake market across the globe.
  • High number of on-road vehicles has led to an increase in accidents across the globe. In February 2024, the World Health Organization stated that more than 1.35 million people die in road accidents annually, and other 20 to 50 million people encounter non-fatal injuries. This has prompted automakers to develop more efficient braking technologies for vehicles. The engine braking system provides significant control to the driver on downhill and icy terrains. It also reduces the wear of friction brakes. These benefits have increased the adoption of engine braking and consequently, boosts the global automotive engine brake market.

Restrains of Automotive Engine Brake Market

  • Increasing inclination of consumers and automakers toward electric vehicles is hampering the automotive engine brake market, as electric motors completely replace the engines, which in turn is restrains the demand for engine brake systems

Impact of COVID-19 pandemic on Automotive Engine Brake Market

  • The recent pandemic of COVID-19 affected supply chains of automotive companies, thus, creating a shortage of raw materials and components which in-turn restrained the growth of automotive engine brake market. However, demand for engine brake systems is expected to increase, as governments are easing restrictions and automotive companies are restarting their operations with precautionary measures.

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North America holds significant share of Global Automotive Engine Brake Market

  • High production rate of commercial vehicles in North America has boosted the demand for automotive engine brake systems. However, the market in Asia Pacific region is anticipated to expand at a rapid pace during the forecast period owing to a rise in focus on safety technologies by major automakers in the region.

Key Players Operating in Automotive Engine Brake Market

The global automotive engine brake market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global automotive engine brake market are:

  • China FAW Group Co. Ltd
  • Cummins Inc.
  • Eaton
  • Jacobs Vehicle Systems, Inc.
  • Knorr-Bremse AG
  • MAN Truck & Bus
  • Nissan Motor Corportaion
  • Pacbrake
  • ZF Friedrichshafen AG

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