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Heavy-Duty Vehicle Braking System Market Share

Report ID: GMI12366
Published Date: Nov 2024
Report Format: PDF

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Heavy-Duty Vehicle Braking System Market Share

ZF Friedrichshafen and Knorr-Bremse collectively held a substantial market share of over 22% in the heavy-duty vehicle braking system industry in 2024. Both companies lead in developing advanced braking solutions, such as air disc brakes, electronic stability control (ESC), and regenerative braking systems. ZF's integration of braking with chassis control and Knorr-Bremse’s expertise in air brake systems set industry standards.

They have built strong relationships with leading vehicle manufacturers worldwide, ensuring a steady demand for their products. Additionally, both companies invest heavily in R&D, enabling them to stay at the forefront of innovations in automated and electric vehicle braking technologies, making them key players in the evolving market.

Heavy-Duty Vehicle Braking System Market Companies

Major players operating in the heavy-duty vehicle braking system industry are:

Aisin Seiki Co., Ltd.
Akebono Brake Industry Co., Ltd.
Brembo S.p.A.
Continental AG
Cummins
Haldex AB
Knorr-Bremse AG
Meritor, Inc.
Robert Bosch GmbH
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of heavy-duty vehicle braking system reached USD 3 billion in 2024 and is set to grow at a 5.1% CAGR from 2025 to 2034, driven by stricter safety regulations worldwide.

The OEM segment held around 74% of the market share in 2024, as OEMs ensure braking systems meet specific design, performance, and regulatory standards, which is crucial for heavy-duty vehicles.

Germany's market accounted for 24% of the revenue share in 2024 and is expected to exceed USD 528.5 million by 2034, driven by its well-established automotive sector and stringent EU safety regulations.

The key players in the industry include Aisin Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., Brembo S.p.A., Continental AG, Cummins, Haldex AB, Knorr-Bremse AG, Meritor, Inc., Robert Bosch GmbH, and ZF Friedrichshafen AG.