Global Construction Equipment Brakes Market 2023-2030

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    GLOBAL CONSTRUCTION EQUIPMENT BRAKES MARKET

     

    KEY FINDINGS

    • Considering the construction machinery’s work environment OEM’s prefer Hydraulically actuated Wet Multiple disc brakes for better traction, efficiency and Productivity in field operations.
    • For medium machinery only Mechanical disc brakes and Drum brakes are preferred.
    • Braking systems are being integrated with machine learning and live diagnosis for Traction control and other control systems for better dynamics and stability during On-site operations.
    • Almost all braking systems that OEM’s developing, have less maintenance, better service to create less machine down-time.
    • As Spring operated mechanical drum brakes are not suitable for heavy machinery many manufacturers are stopped the supply.

     

     

    INTRODUCTION

    Hydraulic fluids are most important in construction machines, as it plays major role in operations and has heavy lifting capacity due to its incompressible characteristics.  

     

    Hydraulic actuated brakes will dissipate heat thoroughly and distribute heat more evenly than traditional mechanically actuated brakes, which means that hydraulic actuated brakes are more likely to last longer.

     

    This cause is due to brake fluid that resists heat and compression in a hydraulic brake system. The final results increase safety in machines, slippage in rough terrains and precise stopping power in heavy operations to prevent productivity-robbing slippage.

     

    Hydraulic brakes are also one of the most accessible systems to repair due to the readily available disc brake parts. They are regarded as sealed off closed systems because they do not lose fluid when functioning correctly. Therefore, it leaks only when the brake system is damaged.

     

    MARKET DYNAMICS

    Many OEM’s are working on large-capacity, continuously cooled, wet-multiple disc brakes that also function as a highly responsive retarder, which provides the operator greater confidence at higher speeds when traveling downhill. As Larger brakes have extra thermal capacity—the ability to absorb heat without fading on long downgrades.

     

    Komatsu, Volvo and other OEM’s are working on advanced technologies like traction control system, Hill Decent control and Hill hold assist which monitors wheel speed and automatically engages and disengages the service brakes at individual wheels to limit tire slip, with slight adjustments in differential.

     

    Types of Braking systems Preferred by OEM’s in US

    SL No Braking Systems OEM
    1 Wet Multi Disc Brakes Caterpillar, JCB, John Deere, Hitachi, Komatsu, Volvo
    2 Disc Brakes Terex, JCB, Komatsu
    4 Drum Brakes Terex

     

    Types of Braking systems Preferred by OEM’s in Europe

    SL No Braking Systems OEM
    1 Wet Multi Disc Brakes Liebherr, JCB, Wacker Neuson, CASE, New Holland, Wirtgen Group
    2 Disc Brakes Volvo, JCB, CASE, New Holland
    4 Drum Brakes Liebherr

     

     

    Types of Braking systems Preferred by OEM’s in India.

    SL No Braking Systems OEM
    1 Wet Multi Disc Brakes JCB, Komatsu, Mahindra, Hyundai, ACE, BEML, Escorts
    2 Disc Brakes JCB, Komatsu, ACE
    4 Drum Brakes Escorts, ACE

    GLOBAL CONSTRUCTION EQUIPMENT BRAKES MARKET SIZSE AND FORECAST

    Global construction equipment brake market is estimated with $XX Billion currently, growing at XX% CAGR till 2030.

     

    COMPETITIVE LANDSCAPE

    Recently Komatsu Articulated dump trucks are equipped with new tech wet disc brakes located on the ends of the front and middle axle, to improve safety and Productivity and their new Off-Highway Truck HD785-8,is enhanced by standard features as wet multiple disc brakes on all four wheels and automatic traction control, which automatically applies pressure to independent brake assemblies for better traction in a variety of conditions. This eliminates the need for differential lock-up, allowing better steering performance.

     

    The wet disc brakes are designed to improve downhill brake performance. This truck is suitable for mining, quarry and aggregates operations, which automatically applies pressure to independent brake assemblies for better traction in a variety of conditions.

     

    Articulated dump trucks developed by Caterpillar has all-axle wet brakes which reduces owning and operating costs, weight and downtime while improving braking performance.

     

    The company attributes a nearly 3-percent productivity boost to these new brakes. In addition, the brakes are responsible for a 5-percent fuel efficiency boost.

     

    Bell articulated trucks come configured for a pedestrian detection system (PDS). They provide the interface and electronically controlled brake valve required for PDS. Only suppliers that have successfully tested their PDS interface with Bell can install the equipment on these trucks and this will be effective with the 2021 models.

     

    COMPANY PROFILES

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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