Air Brake Systems Market is Thriving with Rising Latest Trends by 2028
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 research study presented in this report provides a complete and intelligent analysis of the global Air Brake Systems market’s competition, segmentation, dynamics, and geographic advancement. The research study was prepared using in-depth qualitative and quantitative analysis of the global market for Air Brake Systems.
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Increasing demand for heavy-duty vehicles is expected to drive the market growth for air brake systems during the forecast period. This has resulted in some of the key advances that companies operating in the market have in consolidating their market positions and are searching for further opportunities for niches.
Important Factors Impacting Market Growth:
o Growth in demand for heavy vehicles globally
o Low maintenance and easy to install
Segment Analysis provided in the report:
Based on Type, drum brake expected to be the largest market share holder during the forecast period. For commercial vehicles, drum brakes mainly include brake plate, brake pad, and linings. Drum brakes are the oldest stopping systems for Asia Pacific and North America, with a high adoption rate due to the relatively low cost of air disk brakes. Increasing stopping distance-related vehicle strictness regulations and implementing advanced braking technologies worldwide would have an effect on air drum brake development in the years to come.
Based on Component, compressor segment is anticipated to grow at the highest rate during the forecast period. The need for easy and inexpensive means of transport has also increased significantly with the continually growing population and urbanization. In addition, recent growth in spending on infrastructure by developed and developing countries have led to increased demand for high-speed and fast trains. Countries such as Japan, Germany and the UK are planning high-speed trains to link their key cities. Due to their fail-safe mechanisms and lower use of oil in the actuation system these high-speed trains and other train types are equipped with air brakes. As a result, rising infrastructural funding would result in the expansion of railway networks with more electric and high-speed trains. These factors collectively spur the demand in the rolling stock segment for compressors and other components of the air brake system.
Also, the demand for brake chamber is expected to lead the global on-highway vehicle type product market in 2018. Among all the air brake components the number of slake adjusters is maximum. Different types of vehicles such as rigid body, heavy-duty trucks, semi-trailers, and buses have 6 to 8 slake adjusters per vehicle. The increase in heavy truck and bus output would thus directly increase the number of brake chamber units, which in turn would boost the demand for brake chambers in the air brake system industry.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Knorr-Bremse
2. WABCO
3. Meritor
4. Haldex
5. Wabtec Corporation
6. Federal-Mogul Corporation
7. Sorl Auto Parts
8. TSE Brakes
Regional Analysis:
Asia pacific region is expected to lead the air brake system market due to massive production of heavy commercial vehicles as compared to other regions during the forecast period. China is the leading air brake system, owing to higher heavy-duty truck demand across all forms of heavy trucks. Also, growing industrialization and urbanization in developing countries such as China and India along with increasing awareness of vehicle and driver safety would also fuel the demand for the air brake system market in Asia Pacific region. Similarly, with the development of the region’s automotive sector the Middle East offers a strong market opportunity. Countries including the UAE, Saudi Arabia, Qatar and Iran have, over the past few decades, diversified the industrial sector to boost the economy.
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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
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
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