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 Market: Forecast by Type: Type consists of Air Disc Brake and Air Drum Brake. Air Disc Brake segment was estimated to account for a revenue share of 75.3% in 2018.
Global Air Brake System Market: Forecast by Application: Application segment consists of Heavy Trucks and Trailers, Buses and Others. Heavy Trucks and Trailers segment was estimated to account for a sales share of 63.3% in 2018.
According to this study, over the next five years the Air Brake System market will register a 1.9% CAGR in terms of revenue, the global market size will reach US$ 4200 million by 2024, from US$ 3830 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Air Brake System business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Air Brake System market by product type, application, key manufacturers and key regions and countries.
This study considers the Air Brake System value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Air Disc Brake
Air Drum Brake
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Heavy Trucks and Trailers
Buses
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Knorr-Bremse
Wabco
Haldex
Nabtesco-Automotive
Sorl Auto Parts
Aventics (Emerson)
Tenneco (Federal-Mogul)
MGM Brakes
Sealco
TSE Brakes
Fritec
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Air Brake System consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Air Brake System market by identifying its various subsegments.
Focuses on the key global Air Brake System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Air Brake System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Air Brake System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.