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