According to the U. S. Federal Motor Vehicle Safety Standard no. 136, ESC has also been proposed to be a mandate for commercial vehicles.
“ Agricultural Tractors: Fastest growing application of the off-highway brake systems market”
The agricultural tractor is used with implements for various farming activities such as harvesting, fertilizing, cultivating, plowing, and others, when equipped with respective implements. The demand for agricultural tractors can be directly attributed to the growing demand for agricultural products globally. Increasing farm mechanization owing to increased scientific farming practices, agricultural production, and government funding are the key factors driving the growth of the agricultural tractor market. The trend of using high-powered tractors is also gaining traction, which is driving the demand for more efficient brake systems. High powered tractors have to meet stringent stopping distance regulations, which are pushing brake system manufacturers to develop more efficient reduced stopping distance disc as well as drum brakes. Asia-Oceania dominates the tractors market due to the extensive agricultural activities in the region.
BREAKDOWN OF PRIMARIES The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier-1 – 61 %, Tier-2 – 29 %, and OEM – 10 %
• By Designation: C level – 40 %, D level – 35 %, Others – 25 %
• By Region: North America – 40 %, Europe – 27 %, Asia-Oceania – 20 %, RoW – 13 %
The report provides detailed profiles of the following companies: Aisin Seiki Co., Ltd. Akebono Brake Industry Co., Ltd. Autoliv, Inc. Robert Bosch GmbH Brembo S. p. A Continental AG Delphi Automotive PLC Federal-Mogul Holdings Corp Haldex AB Hitachi Automotive Systems Knorr-Bremse AG Mando Corporation Nissin Kogyo Co., Ltd ZF Friedrichshafen AG WABCO Holdings, Inc.
Research Coverage The brake system market has been segmented by brake type( disc and drum), vehicle type( passenger cars( PC), light commercial vehicles( LCV), and heavy commercial vehicles( HCV)), brake technologies( Anti-lock Braking System( ABS), Traction Control System( TCS), Electronic Stability