The Engine Braking System Market to Grow Owing to Demand for Blood & Plasma derived Products
Added: (Fri Mar 01 2019)
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Transparency Market Research in its new report titled, “Engine Braking System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the engine braking system market. The TMR report states that the stringent norms imposed globally by regulatory bodies on carbon emissions of automotive will drive the engine braking system market during the forecast period i.e, 2018-2026. Engine braking is expected to greatly help extend the life of the braking system, as its parts do not wear. The 21st century is witnessing an increasing emphasis on saving energy, as energy resources are scarce. Some amounts of energy is recycled in the vehicle with the help of the engine braking system. Therefore, saving energy is a key factor that is driving the engine braking system market for automotive, says the report.
The TMR report has segmented the engine braking system market for automotive based on components, vehicle type, sales channel, and geography. In terms of components, the engine braking system market for automotive is classified into rotor, and four other segments. On the basis of vehicle type, the engine braking system market for automotive is split into passenger vehicles (PVs) and commercial vehicles (CVs). The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multi- purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment can be further split into lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Based on sales channel, the engine braking system market for automotive is divided into original equipment manufacturer (OEM) and one more segment. Most consumers prefer local manufacturers in order to replace the engine braking system for automotive, which reduces the replacement cost.
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From a geographical perspective, the engine braking system market for automotive is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific accounts for a major share of the global engine braking system market for automotive, owing to the expansion of the automotive sector leading to an increased production of vehicles with engine braking system for automotive, especially in China and India, according to the report. The automotive industry in regions and countries such as Europe, North America, and Japan accounts for a significant share in the economy of these regions/country. This is propelling the high rate of adoption of automotive engine braking system in these regions, as most vehicles manufactured in these regions are equipped with engine braking system technologies. This, in turn, is further boosting the global engine braking system market for automotive, states the TMR report.
Major players operating in the global engine braking systems market for automotive are profiled in this report to give a better competitive analysis and these companies include Jacobs Vehicle Systems, Inc. and WABCO.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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