The global Air Brake System market size was valued at US$ 4035.3 million in 2023. With growing demand in downstream market, the Air Brake System is forecast to a readjusted size of US$ 4593.2 million by 2030 with a CAGR of 1.9% during review period.
The research report highlights the growth potential of the global Air Brake System market. Air Brake System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Air Brake System. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Air Brake System market.
Air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers.
Global air brake system main players include Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive, Sorl Auto Parts, Aventics (Emerson), Tenneco (Federal-Mogul), MGM Brakes, Sealco, TSE Brakes, Fritec, etc., totally accounting for about 62%. Asia-Pacific is the largest market, with a share over 56%. As for the types of products, it can be divided into air disc brake and air drum brake. Air disc brake is the largest segment, holding a share over 79%. In terms of application, it can be divided into heavy trucks and trailers, buses and others. Heavy trucks and trailers is the largest segment, with a share over 63%.
Key Features:
The report on Air Brake System market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Air Brake System market. It may include historical data, market segmentation by Type (e.g., Air Disc Brake, Air Drum Brake), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Air Brake System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Air Brake System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Air Brake System industry. This include advancements in Air Brake System technology, Air Brake System new entrants, Air Brake System new investment, and other innovations that are shaping the future of Air Brake System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Air Brake System market. It includes factors influencing customer ' purchasing decisions, preferences for Air Brake System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Air Brake System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Air Brake System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Air Brake System market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Air Brake System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Air Brake System market.
Market Segmentation:
Air Brake System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Air Disc Brake
Air Drum Brake
Segmentation by application
Heavy Trucks and Trailers
Buses
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Knorr-Bremse
Wabco
Haldex
Nabtesco-Automotive
Sorl Auto Parts
Aventics (Emerson)
Tenneco (Federal-Mogul)
MGM Brakes
Sealco
TSE Brakes
Fritec
Key Questions Addressed in this Report
What is the 10-year outlook for the global Air Brake System market?
What factors are driving Air Brake System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Air Brake System market opportunities vary by end market size?
How does Air Brake System break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Air Brake System Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Air Brake System by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Air Brake System by Country/Region, 2019, 2023 & 2030
2.2 Air Brake System Segment by Type
2.2.1 Air Disc Brake
2.2.2 Air Drum Brake
2.3 Air Brake System Sales by Type
2.3.1 Global Air Brake System Sales Market Share by Type (2019-2024)
2.3.2 Global Air Brake System Revenue and Market Share by Type (2019-2024)
2.3.3 Global Air Brake System Sale Price by Type (2019-2024)
2.4 Air Brake System Segment by Application
2.4.1 Heavy Trucks and Trailers
2.4.2 Buses
2.4.3 Others
2.5 Air Brake System Sales by Application
2.5.1 Global Air Brake System Sale Market Share by Application (2019-2024)
2.5.2 Global Air Brake System Revenue and Market Share by Application (2019-2024)
2.5.3 Global Air Brake System Sale Price by Application (2019-2024)
3 Global Air Brake System by Company
3.1 Global Air Brake System Breakdown Data by Company
3.1.1 Global Air Brake System Annual Sales by Company (2019-2024)
3.1.2 Global Air Brake System Sales Market Share by Company (2019-2024)
3.2 Global Air Brake System Annual Revenue by Company (2019-2024)
3.2.1 Global Air Brake System Revenue by Company (2019-2024)
3.2.2 Global Air Brake System Revenue Market Share by Company (2019-2024)
3.3 Global Air Brake System Sale Price by Company
3.4 Key Manufacturers Air Brake System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Air Brake System Product Location Distribution
3.4.2 Players Air Brake System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Air Brake System by Geographic Region
4.1 World Historic Air Brake System Market Size by Geographic Region (2019-2024)
4.1.1 Global Air Brake System Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Air Brake System Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Air Brake System Market Size by Country/Region (2019-2024)
4.2.1 Global Air Brake System Annual Sales by Country/Region (2019-2024)
4.2.2 Global Air Brake System Annual Revenue by Country/Region (2019-2024)
4.3 Americas Air Brake System Sales Growth
4.4 APAC Air Brake System Sales Growth
4.5 Europe Air Brake System Sales Growth
4.6 Middle East & Africa Air Brake System Sales Growth
5 Americas
5.1 Americas Air Brake System Sales by Country
5.1.1 Americas Air Brake System Sales by Country (2019-2024)
5.1.2 Americas Air Brake System Revenue by Country (2019-2024)
5.2 Americas Air Brake System Sales by Type
5.3 Americas Air Brake System Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Air Brake System Sales by Region
6.1.1 APAC Air Brake System Sales by Region (2019-2024)
6.1.2 APAC Air Brake System Revenue by Region (2019-2024)
6.2 APAC Air Brake System Sales by Type
6.3 APAC Air Brake System Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Air Brake System by Country
7.1.1 Europe Air Brake System Sales by Country (2019-2024)
7.1.2 Europe Air Brake System Revenue by Country (2019-2024)
7.2 Europe Air Brake System Sales by Type
7.3 Europe Air Brake System Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Air Brake System by Country
8.1.1 Middle East & Africa Air Brake System Sales by Country (2019-2024)
8.1.2 Middle East & Africa Air Brake System Revenue by Country (2019-2024)
8.2 Middle East & Africa Air Brake System Sales by Type
8.3 Middle East & Africa Air Brake System Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Air Brake System
10.3 Manufacturing Process Analysis of Air Brake System
10.4 Industry Chain Structure of Air Brake System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Air Brake System Distributors
11.3 Air Brake System Customer
12 World Forecast Review for Air Brake System by Geographic Region
12.1 Global Air Brake System Market Size Forecast by Region
12.1.1 Global Air Brake System Forecast by Region (2025-2030)
12.1.2 Global Air Brake System Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Air Brake System Forecast by Type
12.7 Global Air Brake System Forecast by Application
13 Key Players Analysis
13.1 Knorr-Bremse
13.1.1 Knorr-Bremse Company Information
13.1.2 Knorr-Bremse Air Brake System Product Portfolios and Specifications
13.1.3 Knorr-Bremse Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Knorr-Bremse Main Business Overview
13.1.5 Knorr-Bremse Latest Developments
13.2 Wabco
13.2.1 Wabco Company Information
13.2.2 Wabco Air Brake System Product Portfolios and Specifications
13.2.3 Wabco Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Wabco Main Business Overview
13.2.5 Wabco Latest Developments
13.3 Haldex
13.3.1 Haldex Company Information
13.3.2 Haldex Air Brake System Product Portfolios and Specifications
13.3.3 Haldex Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Haldex Main Business Overview
13.3.5 Haldex Latest Developments
13.4 Nabtesco-Automotive
13.4.1 Nabtesco-Automotive Company Information
13.4.2 Nabtesco-Automotive Air Brake System Product Portfolios and Specifications
13.4.3 Nabtesco-Automotive Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Nabtesco-Automotive Main Business Overview
13.4.5 Nabtesco-Automotive Latest Developments
13.5 Sorl Auto Parts
13.5.1 Sorl Auto Parts Company Information
13.5.2 Sorl Auto Parts Air Brake System Product Portfolios and Specifications
13.5.3 Sorl Auto Parts Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Sorl Auto Parts Main Business Overview
13.5.5 Sorl Auto Parts Latest Developments
13.6 Aventics (Emerson)
13.6.1 Aventics (Emerson) Company Information
13.6.2 Aventics (Emerson) Air Brake System Product Portfolios and Specifications
13.6.3 Aventics (Emerson) Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Aventics (Emerson) Main Business Overview
13.6.5 Aventics (Emerson) Latest Developments
13.7 Tenneco (Federal-Mogul)
13.7.1 Tenneco (Federal-Mogul) Company Information
13.7.2 Tenneco (Federal-Mogul) Air Brake System Product Portfolios and Specifications
13.7.3 Tenneco (Federal-Mogul) Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Tenneco (Federal-Mogul) Main Business Overview
13.7.5 Tenneco (Federal-Mogul) Latest Developments
13.8 MGM Brakes
13.8.1 MGM Brakes Company Information
13.8.2 MGM Brakes Air Brake System Product Portfolios and Specifications
13.8.3 MGM Brakes Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 MGM Brakes Main Business Overview
13.8.5 MGM Brakes Latest Developments
13.9 Sealco
13.9.1 Sealco Company Information
13.9.2 Sealco Air Brake System Product Portfolios and Specifications
13.9.3 Sealco Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Sealco Main Business Overview
13.9.5 Sealco Latest Developments
13.10 TSE Brakes
13.10.1 TSE Brakes Company Information
13.10.2 TSE Brakes Air Brake System Product Portfolios and Specifications
13.10.3 TSE Brakes Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 TSE Brakes Main Business Overview
13.10.5 TSE Brakes Latest Developments
13.11 Fritec
13.11.1 Fritec Company Information
13.11.2 Fritec Air Brake System Product Portfolios and Specifications
13.11.3 Fritec Air Brake System Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Fritec Main Business Overview
13.11.5 Fritec Latest Developments
14 Research Findings and Conclusion
*If Applicable.