Engine Brake Market Size, Share, Growth, and Industry Growth, By Type (Compression Release Brake and Exhaust Brake), By Application (Below 11 MT, 11-15 MT, and Above 15 MT), Regional Forecast To 2031

Updated On: 08 July 2024

Engine Brake Market REPORT OVERVIEW

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The global engine brake market size was USD 677.2 million in 2021 and market is projected to touch USD 1101.6 million by 2031, exhibiting a CAGR of 5.0% during the forecast period.

A brake is used to slow down the motion by consuming the engine of the moving vehicle. It is mainly used to stop the moving vehicle, wheels, or axle. The process of slowing down the vehicle by stepping aside the accelerator and shifting the gear down instead of pressing the brake is called engine braking. This function works on the basis of the principle of friction. The brakes should not be loose or weak and should also not be too efficient, or it may cause accidents.

The engine brake market is expected to grow owing to the rising demand for automobiles in developing economies. There are several types of brakes available in the market, such as exhaust brakes and compression release brakes. The compression release brakes are also known as engine brakes. Various types of brake retarder systems are used in vehicle brakes. An engine compression brake includes the famous Jake Brake, or Jacobs Engine Brake, which involves the manipulation of the normal stroke cycle in the cylinder. An exhaust brake uses a flap that helps in closing the exhaust flow, and just turbochargers are downstream in the exhaust system. 

COVID-19 Impact: Shutdown of Repairing Centers Postponed Growth

The pandemic outbreak favored very few markets, and the automotive market was exceptional. The unexpected pandemic breakout hampered market growth. The automotive industry witnessed a significant downfall due to the shutdown of transportation and the market. The market shutdown affected the expected sales growth of the automotive industry. The population was not allowed to step outside, which reduced road transportation and the sales of auto beauty products. The demand for the product went low, coupled with the lower supply of the product, as the manufacturing industries were shut down during the pandemic. The modified or alloy wheels can be fitted in the repairing centers, which were shut down during the pandemic. These factors postponed the engine brake market growth. 

LATEST TRENDS

"Launch of Brake by Wire System to Project Product Demand"

The brake-by-wire is an advanced technology brake that helps in gaining weight reduction targets. This system reduces the mechanical linkages between the systems and swaps them with motors, actuators, and electric wires to enhance the response time and reduce the weight. Other brake assistance technologies, such as electronic traction control (ETC), electronic parking brake (EPB), electronic stability program (ESP), and antilock braking system (ABS), can be integrated into a brake-by-wire system, which eliminates the hardware required for such systems and lightens the weight of vehicles. In the upcoming years, this is anticipated to fuel the development of brake-by-wire technology. Additionally, the engine brake is expected to be adopted rapidly due to the car OEMs' greater focus on swapping out mechanical parts for small electrical components for better operating accuracy. Furthermore, it is anticipated that current advances will accelerate the penetration of brake-by-wire in the upcoming years.

Engine Brake Market Segmentation

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• By Type Analysis

By type, the market is segmented into compression release brakes and exhaust brakes. 

• By Application Analysis

Based on application, the market is classified into below 11 MT, 11-15 MT, and above 15 MT. 

DRIVING FACTORS

"Rising Awareness of Vehicle Safety to Increase the Market Growth"

The increasing awareness of vehicle safety is likely to fuel the engine brake market growth due to the rising demand for the product. The governments of various countries are implementing various rules and regulations to prevent road accidents. Additionally, the population is adopting various safety precautions to avoid meeting any type of road accidents. The expanding number of vehicle safety awareness for better braking technologies decreases the wastage of fuel and offers effective vehicle braking. These factors are projected to boost market growth. The higher number of vehicles globally has led to a rise in the number of road accidents, which is encouraging the population to adopt vehicle safety. 

"Accelerating Sale of Vehicles to Propel Product Demand"

The population's per capita income is rising as a result of growing urbanization. A greater standard of living and increased revenues among the population are expected to stimulate rapid market expansion. Owning a car has become a prestige symbol. Additionally, the population embraces cars quickly and is tempted to alter their brakes. Rising trade activities are also expected to boost the demand for the engine brake. Moreover, the youngster's demand to own a personal vehicle is leading to higher sales of the product. These products are forecasted to accelerate market growth. 

RESTRAINING FACTORS

"Higher Cost and Shifting Toward E-Vehicles to Impede Growth in the Market"

The installation of the engine brake costs high coupled with the high maintenance cost, which is projected to obstruct the market growth. Additionally, the rising fuel prices are imposing the population to adopt electric vehicles, which replace the engine brakes. These factors are most likely to affect the growth of the market. 

Engine Brake Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due To Increasing Demand for Lightweight Vehicles"

Asia Pacific is forecasted to hold the maximum part of the engine brake market share owing to the rising demand for lightweight commercial vehicles in emerging countries such as India, China, and Japan. 

Europe is anticipated to hold a significant contribution to the expansion of the market share due to the propelling safety concerns of the passengers and the drivers.

North America is forecasted to gain a sizable part of the engine brake market share due to the accelerating focus on regulatory bodies for implementing the ESC (Electronic Stability Control) systems. 

KEY INDUSTRY PLAYERS

"Key Companies to Emphasize On Launching New Products to Gain a Competitive Advantage"

Significant market participants work to implement tactics that will provide the company with long-term growth. The corporations place a strong emphasis on expanding their product line by introducing new items. Important players also concentrate on increasing their visibility through partnerships, agreements, joint ventures, expansions, and investments. The major players are well-represented on the international market. They also place a strong emphasis on expanding their regional distribution networks to acquire a competitive edge. The businesses are introducing new, more effective products.

List of Market Players Profiled

• Jacobs (U.S.)
• VOLVO (Sweden)
• Ennova (Norway)
• Eaton (Ireland)
• Pacbrake (U.S.)

REPORT COVERAGE

The report offers accurate information about the market insights. It represents an analysis of a competitive edge that seems significant for the formation of business plans. The report defines various paths for the growth and development of the industry. Market segmentation is depicted in the report and highlights the important factors of the sector with various growth opportunities, competitive landscape, and growth strategies of the major key players. The market report focuses on various growth prospects and the factors that may limit the growth of the market. Additionally, this market report represents the key players of the market and their headquarters. The report offers a deep insight into the market.