Global Air Brake System Market By Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, Others), Vehicle Type (Rigid Body Truck, Heavy-Duty Truck, Semi-Trailer, Bus, Rolling Stock), Technology (ABS – (Anti-lock Braking System), TCS – (Traction Control System), ESC – (Electronic Stability Program or Electronic Stability Control), EBD – (Electronic Brake Force Distribution)), Application (On-Road, off-Road Vehicle), Rolling Stock & Locomotive (Air, EP - (Electro-Pneumatic), ECP - (Electronically Controlled Pneumatic), Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Air Brake System Market
Air brake system market is expected to witness market growth at a rate of 5.20% in the forecast period of 2020 to 2027. Data Bridge Market Research report on air brake system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Rapid industrialisation and urbanization across the globe, growing number of population, surging levels of investment for the development of infrastructure, prevalence of high speed trains and railways which will likely to accelerate the growth of the air brake system market in the forecast period of 2020-2027. On the other hand, adoption of regulations regarding load capacity and air brake installation will further boost various opportunities for the growth of the air brake system market in the above mentioned forecast period.
High cost of braking system along with rising demand of electric truck and buses are acting as market restraints for air brake system in the above mentioned forecasted period. Increasing cases of freezing of air brake at low temperature will become the biggest challenge for the growth of the market.
This air brake system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on air brake system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Air Brake System Market Scope and Market Size
Air brake system market is segmented on the basis of type, component, vehicle type, technology, application and rolling stock & locomotive. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Air brake system market on the basis of type has been segmented as air disc brake, and air drum brake.
- Based on component, air brake system market has been segmented into compressor, governor, tank, air dryer, foot valve, brake chamber, slack adjuster, and others. Others have been further segmented into brake cylinder, brake pipe, rotors & pads.
- On the basis of vehicle type, air brake system market has been segmented into rigid body truck, heavy-duty truck, semi-trailer, bus, and rolling stock.
- Based on technology, air brake system market has been segmented into ABS – (anti-lock braking system), TCS – (traction control system), ESC – (electronic stability program or electronic stability control), and EBD – (electronic brake force distribution).
- On the basis of application, market has been segmented into on-road, and off-road vehicle.
- Air brake system has also been segmented on the basis of rolling stock & locomotive into air, EP - (electro-pneumatic), ECP - (electronically controlled pneumatic), and others.
Air Brake System Market Country Level Analysis
Air brake system market is analysed and market size, volume information is provided by country, type, component, vehicle type, technology, application and rolling stock & locomotive as referenced above.
The countries covered in the air brake system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the air brake system market due to the increasing production of commercial vehicle along with growth of automobile sector while Asia-Pacific will expect to grow in the forecast period of 2020-2027 due to the rapid urbanization along with rising disposable income of the people and growing population in China, and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Air Brake System Market Share Analysis
Air brake system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air brake system market.
The major players covered in the air brake system market report are Knorr-Bremse AG; WABCO; Meritor, Inc.; Haldex; ZF Friedrichshafen AG; Wabtec Corporation; Nabtesco Automotive Corporation; Tenneco Inc; SORL Auto Parts, Inc.; TSE Brakes Inc.; UNO Minda.; ANAND Group; Fricción y Tecnología, S.A. de C.V.; Brakes India Private Limited.; Airmaster Brake Systems; Yumak Air Brake Systems; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Air Brake System Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.