Global air brake system market was valued at USD 2,235 million in 2022 and is expected to reach USD 5,560 million by 2029, registering a CAGR of 5.7% during the forecast period of 2023-2030.
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Market Overview:
The rapid urbanization across the globe acts as one of the major factor driving the growth of global 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.
Some of the major players operating in the Air Brake System Market are
knorr-Bremse AG (Germany) WABCO (U.S.) Meritor, Inc.(U.S.), Haldex, ZF Friedrichshafen AG (Germany), Wabtec Corporation (U.S.), Nabtesco Automotive Corporation (U.S.), Tenneco Inc (U.S.), SORL Auto Parts, Inc (U.S.), TSE Brakes Inc. (U.S.)
Global Air Brake System Market Scope
The global 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 growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Air Disc Brake
- Air Drum Brake
Component
- 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
- Locomotive Electro-Pneumatic(EP)
- Electronically Controlled Pneumatic (ECP)
- Others
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Air Brake System Market
Part 04: Global Air Brake System Market Sizing
Part 05: Global Air Brake System Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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