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. Engine braking improves the overall efficiency of the vehicle owing to such functionality. These factors are propelling the engine braking system market for automotive.
Engine braking system leads to reduced service brake maintenance, shorter trip times, and lower total cost of ownership. Stringent norms imposed globally by regulatory bodies on carbon emissions of automotive are also anticipated to boost the engine braking system market for automotive.
The engine braking system faces major issues such as periodic replacement and maintenance owing to its location in a heat- and friction-prone area. These are a few restraints of the engine braking system market for automotive.
The engine braking system market for automotive can be segmented based on components, vehicle type, sales channel, and geography.
Based on components, the engine braking system market for automotive can be classified into rotor, and four other segments.
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Based on vehicle type, the engine braking system market for automotive can be segregated 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).