GlobalCommercial Air Brake Market, By Component (Compressor, Reservoir, Foot Valve, Brake Chamber, Others), Brake Type (Disc Brakes, Drum Brakes), On-Highway Vehicle Type, (Rigid Body, Heavy-duty Truck, Semi-trailer, Bus), 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, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Commercial Air Brake Market
Data Bridge Market Research analyses that the commercial air brake market would exhibit a CAGR of 2.97% for the forecast period.
Air brakes on a semi-truck work using compressed air instead of hydraulic brake fluid. Since semi-trucks are carrying so much weight, they rely on air because compressed air can be constantly produced, unlike hydraulic fluid, which requires refills and can leak, causing the brakes to fail.
Growing demand of hydraulic braking system is the major factor accelerating the growth of the commercial air brake market. Furthermore, increasing usage of passenger as well as commercial vehicles, growth of defense, construction, military and other industries, rising concern regarding safety, rapid industrialization and urbanization are also expected to drive the growth of the commercial air brake market. However, high cost and strict rules and regulation will restrains the commercial air brake market, whereas, the competition between players will challenge market growth.
In addition, growing disposable income of the people along with development of advanced technology will create ample opportunities for the commercial air brake market.
This commercial air brake 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 commercial air brake 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 Commercial Air Brake Market Scope and Market Size
The commercial air brake market is segmented on the basis of on-highway vehicle type, component, and brake type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of on-highway vehicle type, the commercial air brake market has been segmented into rigid body, heavy-duty truck, semi-trailer and bus.
- Commercial air brake market on the basis of component has been segmented as compressor, reservoir, foot valve, brake chamber, and others.
- On the basis of brake type, the commercial air brake market has been segmented into disc brakes, and drum brakes.
Commercial Air Brake Market Country Level Analysis
The global commercial air brake market is analysed and market size insights and trends are provided by country on-highway vehicle type, component, and brake type as referenced above.
The countries covered in the commercial air brake 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 Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the commercial air brake market and will continue to flourish its trend of dominance during the forecast period due to the rising production of vehicles in U.S., and Canada in the region. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth rate (CAGR). This is due to the rising disposable income of the people in India and China along with growing urbanization and industrialisation in the region.
The country section of the commercial air brake market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Air Brake Market Share Analysis
The commercial air brake 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, global presence, production sites and facilities, production capacities, 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 commercial air brake market.
Some of the major players operating in the commercial air brake market are Meritor, Inc., Haldex, ZF Friedrichshafen AG, Knorr-Bremse AG, Wabtec Corporation, Nabtesco Automotive Corporation, Tenneco Inc, SORL Auto Parts, Inc., WABCO, 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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