Global Air Brake System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Compressor, Governor, Storage tank, Air dryer, Foot valve and Brake chamber.

By Brake Type;

Air Disc and Air Drum.

By Vehicle Type;

Rigid Body, Heavy-duty Truck, Semi-trailer and Bus.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn580668575 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Air Brake System Market (USD Million), 2020 - 2030

In the year 2023, the Global Air Brake System Market was valued at USD 5,360.71 million. The size of this market is expected to increase to USD 6,913.12 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.

The Global Air Brake System Market report offers a comprehensive analysis of the air brake systems used in various vehicles worldwide. Air brake systems play a crucial role in ensuring safe and efficient braking in commercial vehicles, including trucks, buses, and trailers. As the automotive industry continues to evolve, the demand for advanced air brake systems with improved performance, reliability, and efficiency is on the rise. This report provides insights into the current market trends, key drivers, challenges, and opportunities shaping the global air brake system market. Additionally, it examines the competitive landscape, technological advancements, and regulatory landscape influencing the market dynamics. With detailed market segmentation based on product types, vehicle types, applications, and regions, this report serves as a valuable resource for stakeholders, manufacturers, suppliers, and investors seeking to capitalize on emerging opportunities in the global air brake system market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Brake Type
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Region
  4. Global Air Brake System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Stringent Safety Regulations
        2. Growth in Commercial Vehicle Sales
        3. Technological Advancements
      2. Restraints
        1. High Initial Investment
        2. Supply Chain Disruptions
      3. Opportunities
        1. Emphasis on Fuel Efficiency

        2. Adoption of Electric Vehicles (EVs)

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Air Brake System Market, By Component, 2020 - 2030 (USD Million)
      1. Compressor
      2. Governor
      3. Storage tank
      4. Air dryer
      5. Foot valve
      6. Brake chamber
    2. Global Air Brake System Market, By Brake Type, 2020 - 2030 (USD Million)
      1. Air Disc
      2. Air Drum
    3. Global Air Brake System Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Rigid Body
      2. Heavy-duty Truck
      3. Semi-trailer
      4. Bus
    4. Global Air Brake System Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Knorr-Bremse
      2. Wabco
      3. Meritor
      4. Haldex
      5. ZF
      6. Wabtec
      7. Nabtesco
      8. TSE Brakes
      9. Federal-Mogul
      10. Sorl Auto Parts
  7. Analyst Views
  8. Future Outlook of the Market