Global Air Brake System Market, By Type (Disc, Drum), By Component (Compressor, Governor, Tank, Air

Published Date: | Report Code : AT1914978

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Increasing demand for heavy vehicles globally is expected to drive the growth of the air brake system market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Segment Analysis:

Air brakes are usually installed in heavy-duty vehicles, such as buses, trucks, trailers, etc. Air brakes use compressed air for a heavy pressure braking system to stop the vehicle. As trucks and trailers are usually heavy, they need more power to stop, which cannot be achieved through a hydraulic braking system. They are mostly used in heavy-duty vehicles due to their design to stop the vehicle even if there is any leakage or failure. Moreover, they are easy to install in the chassis of the heavy-duty vehicles.

The sale of heavy-duty vehicles and off-highway vehicles is increasing. There is a rise in consumer usage of heavy-duty vehicles in different activities such as mining, defense, construction, etc. The demand for long-distance vehicles has led to the growth of the air brake system market. Moreover, growing safety concerns and low maintenance have resulted in the increased adoption of the air braking system in heavy-duty vehicles. However, the high cost of manufacturing could hamper its market during the forecast period. These brakes need scheduled hauling for cooling, which could also hamper the market. Furthermore, competition from hydraulic brake manufacturers may be a concern for the market. North America is expected to account for the largest market share, owing to the increasing sales of commercial vehicles. Asia Pacific is expected to lead the air brake system market during the forecast period. 

Key Factors Impacting Market Growth:

  • Increasing demand for heavy vehicles globally
  • Low maintenance and easy to install

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the air brake system market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the air brake system market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the air brake system market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the air brake system market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the air brake system market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Knorr-Bremse, WABCO, Meritor, Haldex, Wabtec Corporation, Federal-Mogul Corporation, Sorl Auto Parts, And TSE Brakes…

Market Segmentation:

By Type:

  • Disc
  • Drum

By Component:

  • Compressor
  • Governor
  • Tank
  • Air Dryer
  • Brake Chamber
  • Others

By Vehicle Type:

  • Rigid Body
  • Heavy Duty
  • Semi-Trailer
  • Bus

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Component
    • By Vehicle Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Component
    • By Vehicle Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Component
    • By Vehicle Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Component
    • By Vehicle Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Component
    • By Vehicle Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Component
    • By Vehicle Type

Reasons To Buy This Report:

  • Market size estimation of the air brake market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

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