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Global Air Brake System Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Automotive
  • Upcoming Report
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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 (Anti-lock Braking System (ABS), Traction Control System (TCS) , Electronic Stability Program or Electronic Stability Control (ESC), Electronic Brake Force Distribution (EBD), Application (On-Road, off-Road Vehicle), Rolling Stock and Locomotive Electro-Pneumatic(EP), Electronically Controlled Pneumatic (ECP), 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 2029

Air Brake System Market

Market Analysis and Insights Global Air Brake System Market

The air brake system market is expected to witness market growth at a rate of 5.70% in the forecast period of 2022 to 2029. 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. The expansion of the automotive sector globally is escalating the growth of air brake system market.

An air brake, also known as compressed air brake system, refers to a type of friction brake that is designed for vehicles in which the compressed air is applied on a piston. It further applies pressure to the brake pads, and causes the vehicle to stop. Air brakes are extensively utilized in large heavy vehicles, especially those having multiple trailers that must be linked into the brake system.

The rapid urbanization across the globe acts as one of the major factor driving the growth of air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market. Additionally, rise in vehicle fleet, increase in concerns regarding passenger safety and expansion of automotive sector positively affect the air brake system market. Furthermore, regulations related to load carrying capacity and mandates on air brakes installation extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, high cost associated with the air brakes over hydraulic brakes and increased stopping distance over hydraulic brakes are expected to obstruct the market growth. The rise in focus on electric trucks and buses, and freezing of air brakes at low temperature are projected to challenge the air brake system market in the forecast period of 2022-2029.

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 localized 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

The air brake system market is segmented on the basis of type, component, vehicle type, technology, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • On the basis of type, the air brake system market is segmented into 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 and 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.
  • On the basis of technology, the air brake system market is segmented into anti-lock braking system (ABS), traction control system (TCS), electronic stability program or electronic stability control (ESC), electronic brake force distribution (EBD).
  • On the basis of application, the air brake system market is segmented into on-road, off-road vehicle), rolling stock and locomotive electro-pneumatic(EP), electronically controlled pneumatic (ECP) and others.

Air Brake System Market Country Level Analysis

The air brake system market is analyzed and market size, volume information is provided by country, type, component, vehicle type, technology, and application as referenced above.       

The countries covered in the global air brake system market report are the 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).

Asia-Pacific is expected to dominate the air brake system market due to the presence of manufacturers and high production of vehicles within the region. North America is projected to witness high growth owing to technological advancements in the region.

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

The 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.

Some of the major players operating 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, and Yumak Air Brake Systems, among others.


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