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Heavy-Duty Vehicle Braking System Market Size

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

Heavy-Duty Vehicle Braking System Market Size

The global heavy-duty vehicle braking system market size was valued at USD 3 billion in 2024 and is projected to grow at a CAGR of 5.1% between 2025 and 2034. Governments worldwide are imposing stricter safety regulations to reduce road accidents involving heavy-duty vehicles, which is driving the adoption of advanced braking systems. Regulations such as the European Union's General Safety Regulation and the Federal Motor Vehicle Safety Standards (FMVSS) in the United States require commercial vehicles to be equipped with safety features like Anti-lock Braking Systems (ABS), Electronic Stability Control (ESC), and Automated Emergency Braking (AEB).

 

These regulations ensure that manufacturers invest in safer, more reliable braking technologies, spurring growth in advanced braking systems across global markets. For instance, in July 2022, The EU’s General Safety Regulation (GSR) mandates that all new commercial vehicles feature safety technologies like ABS, ESC, AEB, and LDWS to reduce accidents. This regulation has driven European manufacturers like Daimler and Volvo to integrate advanced braking systems.
 

The expansion of e-commerce, infrastructure projects, and urbanization, there is a growing demand for heavy-duty trucks, buses, and construction vehicles. These sectors require vehicles with robust braking systems capable of handling heavy loads and harsh operating conditions. As a result, commercial and construction companies prioritize vehicles with reliable, efficient braking systems to enhance safety and productivity.
 

The transition to electric and hybrid heavy-duty vehicles is accelerating as companies and governments aim to reduce carbon emissions. Electric vehicles often require different braking systems, such as regenerative braking, which allows them to capture and reuse braking energy, improving vehicle efficiency. The shift toward electric vehicles (EVs) and hybrid models has driven demand for specialized braking systems compatible with these platforms.

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.

Heavy-Duty Vehicle Braking System Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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