Automotive Trailer Brake Controllers Market

Automotive Trailer Brake Controllers Market Outlook 2030 -

Trailer Brake Controllers establishes the connection between the front vehicle and the tow vehicle attached and also controls tow vehicle's brake engagement when the front vehicle decelerates. It is highly recommended by the OEM's that for the trailers which carry weight in few thousands, should be enabled with the secure braking system on the trailer to avoid catastrophic accidents on roads. Surging infrastructural growth in developed and developing countries made it possible to have very cheap and convenient way of transportation of heavy loads for low and medium distances by road. This leads the manufacturers to develop more safe and handy ways of transportation using trailers. The technological innovation and proficiency of electronically controlled brake trailers hence becomes the primary factor for the growth of the market. The global trailer brake controllers market is bifurcated into proportional brake controllers and time-delayed brake controllers. Among these products, the proportional brake controllers are expected to have the largest market share in global trailer brake controllers market. The property of proportional brake controller to adapt every braking situation differently allows smooth operation and hence becomes first choice for the consumers.

COVID-19 Impact analysis

The transportation sector has witnessed significant change in working pattern due to COVID-19. The transportation duties have shifted from transporting daily manufactured products of every industry of industries to transporting only essential items. Besides, the pandemic has created an unexpected shortfall in finances, thereby affecting the operators associated with transport industry. Furthermore, the manufacturing of trailers has halted due to forceful lockdowns in majority of countries. In addition, component manufacturing was suspended, and small Tier II and Tier III manufacturers are facing liquidity issues. Thus, production suspension during the outbreak and lower demand post pandemic might have an unprecedented impact on trailer brake controller market. However, demands for trailer unit is increasing to create Disaster Portable Morgue Units (DPMUs), which are self-contained refrigerated trailers and shipping containers used to expand morgue and hospital mortuary capabilities.

Top Impacting Factors

• Consumer's preference towards more travel safety, increase in number of fatal accidents on the road, and rise in demand for lightweight trailers are driving the growth of the market.
• Lack of awareness about trailer brake controllers among the conventional manufacturers and end users may hinder the growth of the trailer brake controllers market across the globe.
• Production and implementation of trailer brake controllers is very cheap can be seen as an opportunity for the market investments.

The automotive trailer brake controllers market trends are as follows:

Rise in demand for lightweight trailers

In road transport, the empty weight of a vehicle is a significant contributor to fuel consumption, resulting in CO2 emissions. Nowadays, the primary customer requirements for new urban articulated trailers are reduced weight, interchangeable bodies, and cost competitiveness. The growing market of light weight trailer is directly proportional to the growth of the trailer brake controller market. The application of lightweight materials in design needs to be explored to reduce the carbon footprint of road freight vehicles. There are a few regulations that determine the structural design of a typical road freight trailer, providing large scope for innovation in design. When coupled with fuel-saving components, such as skirts and modern technologies, the overall fuel consumption and emissions from the vehicle can be reduced. OEMs have thus started introducing new models made from lightweight materials such as composites, aluminum, and high-strength steel. A major part of the dry van market in the US has shifted away from heavier sheet-and-post designs to composite models, which is also allowing fleets to extend lifecycles from 8–10 years to the range of 13–15 years. Lowering the overall weight of the trailer with strong materials is a challenge for OEMs and fleet operators for cost-saving and emission control. Companies in trailer brake controller market are also focusing in developing lightweight electronic brake controller. For instance, June 2019 Tekonsha developed a next generation electric brake and it can control four axles with one button switch. Therefore, increase in demand for light weight trailer is driving the growth of the trailer brake controller market.

Key benefits of the report:

• This study presents the analytical depiction of the automotive trailer brake controllers market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive trailer brake controllers market.
• The current market is quantitatively analyzed to highlight the automotive trailer brake controllers market growth scenario.
• The report provides a detailed automotive trailer brake controllers market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive trailer brake controllers market research report:

• Which are the leading market players active in the automotive trailer brake controllers market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the automotive trailer brake controllers market?
• What are the projections for the future that would help in taking further strategic steps?

 Automotive Trailer Brake Controllers Market Report Highlights