Albany, NY -- (SBWire) -- 09/20/2018 --The report is titled "Engine Braking System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026."

Moreover, as engine braking systems allow the recycling of some amount of energy in the vehicle, these systems also rank high on the energy-efficiency scale. As several restraints and strict regulations continue to mandate the use of energy- and fuel-efficient technologies in automobiles to lower down their emission levels, the demand for innovative technologies such as engine brakes has seen an uptick. The trend is expected to remain strong in the near future as well, driving the market for engine brakes over the report's forecast period.

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Over the years of their continued use, engine brakes have demonstrated the capability of bringing a notable improvement in the overall efficiency of vehicles, leading to lowered service brake maintenance requirement and an overall reduction in the total cost of ownership. These benefits are also expected to compel users to adopt vehicles with engine braking systems. However, certain issues with these systems, including the need for timely maintenance and replacement owing to their placement in friction- and heat-prone location could hamper the growth prospects of the market to a certain extent.

The report segments the global engine braking system market based on criteria such as vehicle type, components, sales channel, and geography. Based on the type of vehicle, the market is segmented into commercial vehicles and passenger vehicles. On the basis of sales channel, the market is segmented into entities such as local manufacturers and original equipment manufacturers. Owing to the low cost products and services offered by local manufacturers, consumers, especially across emerging economies prefer them over original equipment manufacturers.

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On the basis of geography, the report segments the global engine braking systems market into regional markets such as Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Of these, the market in Asia Pacific is presently the most lucrative regional market, thanks to the thriving automotive industry and the increased numbers of automotive manufacturing and assembling facilities installed by leading international automotive companies in the region, especially in India and China. The markets in Japan, Europe, and North America continue to be highly lucrative owing to the well-established automotive sectors and the high disposable incomes of the population, making innovative technologies affordable.

A thorough account of the competitive landscape of the market is also included in the report. Some of the leading companies operating in the global engine braking systems market are WABCO and Jacobs Vehicle Systems, Inc.

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