Air Brake System Market Size, Share, Growth Analysis, By Type(Air disc brake and Air drum brake), By Component(Compressor, Governor, Storage Tank, Air Dryer), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2163 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 64 |Figures: 75

Air Brake System Market Insights

Air Brake System Market size was valued at USD 4.83 Billion in 2021 and is poised to grow from USD 5 Billion in 2022 to USD 6.59 Billion by 2030, at a CAGR of 3.51% during the forecast period (2023-2030).

The global air brake system market has been experiencing steady growth, primarily driven by the rising demand for commercial vehicles and the increasing focus on road safety. The market's expansion can be attributed to several key drivers. Firstly, the growth in the transportation and logistics industry, particularly the increasing demand for commercial vehicles, has driven the adoption of air brake systems. As global trade and e-commerce continue to grow, the need for efficient and safe transportation of goods has become paramount, leading to higher demand for commercial trucks and buses equipped with air brake systems. Secondly, governments and regulatory bodies around the world are imposing stringent safety standards for commercial vehicles.

Air brake systems, known for their reliable and responsive braking performance, meet these safety requirements and are considered a crucial component in ensuring road safety. As a result, fleet operators and vehicle manufacturers are opting for air brake systems to comply with safety regulations. Moreover, technological advancements in air brake systems have led to the development of more sophisticated and efficient components. The integration of electronic controls, such as antilock braking systems (ABS) and electronic stability control (ESC), has further enhanced the safety and performance of air brake systems, making them even more appealing to end-users. However, the global air brake system market also faces some challenges. One significant challenge is the high initial cost of installing air brake systems in commercial vehicles. The cost of purchasing and maintaining these systems can be a deterrent for small and medium-sized fleet operators, especially in emerging economies with limited financial resources. Furthermore, the market faces competition from alternative braking technologies, such as hydraulic and electric brakes, which are gaining traction due to their cost-effectiveness and potential for energy recovery. The emergence of electric commercial vehicles and the increasing focus on sustainable transportation solutions could impact the demand for air brake systems in the long term.

US Air Brake System Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 4.83 Billion

Largest Segment

Air Drum

Fastest Growth

Air drum

Growth Rate

3.51% CAGR

Global Air Brake System Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Air Brake System Market Segmental Analysis

The global air brake system market is segmented on the basis of type, component, and region. By type, the market is segmented into Air Disc brakes and Air Drum brakes. By component, the market is segmented into Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, and Brake Chamber. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Air Brake System Market Analysis By Type

The global air brake system market can be segmented by type into two main categories: Air Disc brakes and Air Drum brakes. The dominant type in the global air brake system market is "Air Drum brakes." Air Drum brakes have been widely used in commercial vehicles for many years and are well-established as a reliable and effective braking solution. These brakes consist of a rotating drum attached to the wheel, and when the brakes are applied, air pressure is used to press the brake shoes against the inside of the drum, creating friction and facilitating braking. Air Drum brakes are commonly used in heavy-duty trucks, buses, and trailers, making them the dominant type in the market due to their long-standing presence and proven performance.

The fastest-growing type in the global air brake system market is "Air Disc brakes." Air Disc brakes are a newer technology in comparison to Air Drum brakes and have been gaining popularity rapidly in recent years. Instead of using brake shoes and friction against a rotating drum, Air Disc brakes use a calliper and brake pads to clamp down directly on a rotor attached to the wheel, creating the necessary friction for braking. This design provides several advantages, including improved stopping power, better heat dissipation, reduced maintenance needs, and shorter braking distances. As road safety and performance requirements continue to evolve, fleet operators and vehicle manufacturers are increasingly opting for Air Disc brakes, driving their growth and making them the fastest-growing type in the market.

Air Brake System Market Analysis By Component

The global air brake system market can be segmented by component into several categories, including Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, and Brake Chamber. The dominant component in the global air brake system market is the "Compressor." The compressor is a critical part of the air brake system, responsible for pressurising and supplying compressed air to the system. It is an essential component in heavy commercial vehicles, ensuring the proper functioning of the entire air brake system. The compressor's role in maintaining the required air pressure for efficient braking makes it a fundamental and widely adopted component, cementing its position as the dominant type in the market.

The fastest-growing component in the global air brake system market is the "Air Dryer." An air dryer is designed to remove moisture and contaminants from the compressed air before it enters the brake system. As moisture can adversely affect the performance and reliability of the air brake system, the demand for air dryers is on the rise. Manufacturers and fleet operators recognize the importance of maintaining clean and dry air within the brake system to prevent corrosion and freezing during cold weather conditions. Consequently, the adoption of air dryers is experiencing significant growth, making it the fastest-growing component in the air brake system market.

Global Air Brake System Market By Type

To get detailed analysis on other segments, Request For Free Sample Report

Air Brake System Market Regional Insights

The dominant region in the global air brake system market is North America. North America has a well-established transportation and logistics industry, with a high concentration of heavy commercial vehicles equipped with air brake systems. The region's dominance is further bolstered by stringent safety regulations for commercial vehicles, which mandate the use of reliable and efficient braking systems. Additionally, the presence of key manufacturers and suppliers in North America contributes to the widespread availability and adoption of air brake systems. The continuous focus on road safety and the importance of robust braking solutions in heavy-duty vehicles solidify North America's position as the dominant market for air brake systems.

The fastest-growing region in the global air brake system market is the Asia-Pacific (APAC) region. APAC has been witnessing significant economic growth, leading to increased industrialization, urbanisation, and the expansion of transportation networks. The rising demand for commercial vehicles, particularly in countries like China and India, has propelled the adoption of air brake systems. As road safety awareness increases and governments implement stricter regulations for commercial vehicles, the demand for reliable braking solutions has surged in the region. Moreover, the ongoing development of the construction and mining sectors has further driven the need for heavy-duty vehicles equipped with efficient air brake systems. These factors, combined with the increasing focus on road safety and the modernization of transportation infrastructure in APAC, position it as the fastest-growing market for air brake systems.

Global Air Brake System Market By Region
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Air Brake System Market Dynamics

Air Brake System Market Drivers

Growing Demand for Commercial Vehicles

  • The increasing demand for commercial vehicles, such as trucks, buses, and trailers, is a major driver of the air brake system market. As global trade, e-commerce, and industrial activities expand, the need for efficient transportation of goods and passengers fuels the adoption of heavy commercial vehicles equipped with reliable air brake systems.

Emphasis on Road Safety and Compliance

  • Governments and regulatory bodies across the world are imposing stringent safety standards for commercial vehicles to reduce road accidents and improve road safety. Air brake systems are known for their responsive and efficient braking performance, making them a preferred choice for meeting safety and compliance requirements.

Air Brake System Market Restraints

High Initial Investment

  • The installation and maintenance of air brake systems in commercial vehicles can be costly. The initial investment in air brake components, including compressors, valves, and chambers, may pose a financial challenge for fleet operators, particularly those with small or medium-sized fleets.

Competition from Alternate Braking Technologies

  • The air brake system market faces competition from alternate braking technologies, such as hydraulic and electric braking systems. These alternative systems offer different benefits, including lower cost and potential energy recovery, leading some fleet operators to consider these options over traditional air brake systems.

Request Free Customization of this report to help us to meet your business objectives.

Air Brake System Market Competitive Landscape

The global air brake system market features a highly competitive landscape, characterised by numerous players vying for market share and technological advancements driving innovation. Companies in this industry continuously invest in research and development to improve the performance and safety of air brake systems. The competitive nature of the market fosters collaborations and strategic partnerships between manufacturers and commercial vehicle OEMs to integrate air brake systems seamlessly. Additionally, companies focus on expanding their distribution networks to cater to diverse regional markets and customer requirements. The rising demand for road safety and compliance with stringent regulations further intensifies the competition, encouraging players to offer efficient and reliable air brake solutions. Furthermore, the emergence of new technologies and the adoption of electronic control systems, such as ABS and ESC, have further enhanced the competitive dynamics. As the global transportation and logistics industry continues to grow, companies in the air brake system market are expected to enhance their product offerings, supply chain capabilities, and service networks to gain a competitive edge and meet the evolving demands of commercial vehicle manufacturers and fleet operators worldwide.

Air Brake System Market Top Player’s Company Profile

  • Knorr-Bremse AG
  • WABCO Holdings Inc. (Acquired by ZF Friedrichshafen AG)
  • Haldex AB
  • Meritor, Inc.
  • Bendix Commercial Vehicle Systems LLC (A subsidiary of Knorr-Bremse AG)
  • ZF Friedrichshafen AG
  • TSE Brakes, Inc.
  • Sealco Commercial Vehicle Products, LLC
  • Sorl Auto Parts, Inc.
  • WABCO India Limited (Now part of ZF Friedrichshafen AG)
  • Hino Motors, Ltd.
  • Continental AG
  • Dana Incorporated
  • MAT Holdings, Inc.
  • Federal-Mogul LLC (A subsidiary of Tenneco Inc.)
  • Stemco LP (A subsidiary of EnPro Industries, Inc.)
  • WABCO Holdings Australia Pty Ltd (Now part of ZF Friedrichshafen AG)
  • Haldex India Pvt. Ltd.
  • Sorl Wabco (India) Limited
  • Asia Brake Valve Co., Ltd.

Air Brake System Market Recent Developments

  • In March 2023, Continental announced the launch of its new ContiTrailer EBS 3.0 air brake system. The ContiTrailer EBS 3.0 is a brake system that is designed to improve the efficiency and performance of trailer brakes.
  • In April 2023, SAF-Holland announced the launch of its new Air Disc Brake system. The Air Disc Brake is a brake system that is designed to improve the safety and performance of commercial vehicles.

Air Brake System Key Market Trends

  • Shift towards Air Disc Brakes: There has been a growing preference for Air Disc brakes over traditional Air Drum brakes. Air Disc brakes offer advantages such as improved stopping power, reduced maintenance requirements, and better heat dissipation, making them an attractive choice for commercial vehicles seeking higher braking efficiency.
  • Eco-friendly Solutions: The air brake system market is witnessing a trend towards eco-friendly solutions. Manufacturers are exploring technologies that promote energy efficiency, reduce emissions, and comply with environmental regulations without compromising on braking performance and safety.

Air Brake System Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global air brake system market analysis, North America holds the dominant share. The fastest-growing region in the global air brake system market is the Asia-Pacific (APAC) region. The global air brake system market has witnessed steady growth and transformation driven by technological advancements, the rising emphasis on road safety, and the increasing demand for commercial vehicles. The adoption of advanced electronic controls, such as ABS and ESC, has enhanced braking performance and stability, making air brake systems more efficient and reliable. Additionally, the shift towards Air Disc brakes, with their improved stopping power and reduced maintenance requirements, has been a notable trend in the market. As the transportation and logistics industry continues to expand, the demand for commercial vehicles equipped with air brake systems remains strong. The market has also witnessed a growing focus on eco-friendly solutions and safety features to comply with stringent regulations and environmental standards.

Moreover, the rise of electric commercial vehicles and the integration of telematics are shaping the future of the air brake system market. While the market faces challenges related to initial investment costs and competition from alternate braking technologies, the increasing focus on aftermarket services and global harmonisation initiatives present opportunities for sustained growth. Manufacturers in the air brake system market are expected to continue investing in research and development to innovate and cater to the evolving needs of the automotive industry and ensure road safety and efficiency worldwide. As the industry evolves and new market dynamics emerge, staying abreast of technological advancements and industry trends will be crucial for companies to maintain a competitive edge in the global air brake system market.

Report Metric Details
Market size value in 2021 USD 4.83 Billion
Market size value in 2030 USD 6.59 Billion
Growth Rate 3.51%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Air disc brake and Air drum brake
  • Component
    • Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, and Brake Chamber
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Knorr-Bremse AG
  • WABCO Holdings Inc. (Acquired by ZF Friedrichshafen AG)
  • Haldex AB
  • Meritor, Inc.
  • Bendix Commercial Vehicle Systems LLC (A subsidiary of Knorr-Bremse AG)
  • ZF Friedrichshafen AG
  • TSE Brakes, Inc.
  • Sealco Commercial Vehicle Products, LLC
  • Sorl Auto Parts, Inc.
  • WABCO India Limited (Now part of ZF Friedrichshafen AG)
  • Hino Motors, Ltd.
  • Continental AG
  • Dana Incorporated
  • MAT Holdings, Inc.
  • Federal-Mogul LLC (A subsidiary of Tenneco Inc.)
  • Stemco LP (A subsidiary of EnPro Industries, Inc.)
  • WABCO Holdings Australia Pty Ltd (Now part of ZF Friedrichshafen AG)
  • Haldex India Pvt. Ltd.
  • Sorl Wabco (India) Limited
  • Asia Brake Valve Co., Ltd.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Air Brake System Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Air Brake System Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Air Brake System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Brake System Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Brake System Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Air Brake System Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Air Brake System Market size was valued at USD 4.83 Billion in 2021 and is poised to grow from USD 5 Billion in 2022 to USD 6.59 Billion by 2030, at a CAGR of 3.51% during the forecast period (2023-2030).

The air brake system market features a highly competitive landscape, characterised by numerous players vying for market share and technological advancements driving innovation. Companies in this industry continuously invest in research and development to improve the performance and safety of air brake systems. The competitive nature of the market fosters collaborations and strategic partnerships between manufacturers and commercial vehicle OEMs to integrate air brake systems seamlessly. Additionally, companies focus on expanding their distribution networks to cater to diverse regional markets and customer requirements. The rising demand for road safety and compliance with stringent regulations further intensifies the competition, encouraging players to offer efficient and reliable air brake solutions. Furthermore, the emergence of new technologies and the adoption of electronic control systems, such as ABS and ESC, have further enhanced the competitive dynamics. As the transportation and logistics industry continues to grow, companies in the air brake system market are expected to enhance their product offerings, supply chain capabilities, and service networks to gain a competitive edge and meet the evolving demands of commercial vehicle manufacturers and fleet operators worldwide. 'Knorr-Bremse AG', 'WABCO Holdings Inc. (Acquired by ZF Friedrichshafen AG)', 'Haldex AB', 'Meritor, Inc.', 'Bendix Commercial Vehicle Systems LLC (A subsidiary of Knorr-Bremse AG)', 'ZF Friedrichshafen AG', 'TSE Brakes, Inc.', 'Sealco Commercial Vehicle Products, LLC', 'Sorl Auto Parts, Inc.', 'WABCO India Limited (Now part of ZF Friedrichshafen AG)', 'Hino Motors, Ltd.', 'Continental AG', 'Dana Incorporated', 'MAT Holdings, Inc.', 'Federal-Mogul LLC (A subsidiary of Tenneco Inc.)', 'Stemco LP (A subsidiary of EnPro Industries, Inc.)', 'WABCO Holdings Australia Pty Ltd (Now part of ZF Friedrichshafen AG)', 'Haldex India Pvt. Ltd.', 'Sorl Wabco (India) Limited', 'Asia Brake Valve Co., Ltd.'

The increasing demand for commercial vehicles, such as trucks, buses, and trailers, is a major driver of the air brake system market. As trade, e-commerce, and industrial activities expand, the need for efficient transportation of goods and passengers fuels the adoption of heavy commercial vehicles equipped with reliable air brake systems.

Shift towards Air Disc Brakes: There has been a growing preference for Air Disc brakes over traditional Air Drum brakes. Air Disc brakes offer advantages such as improved stopping power, reduced maintenance requirements, and better heat dissipation, making them an attractive choice for commercial vehicles seeking higher braking efficiency.

The dominant region in the air brake system market is North America. North America has a well-established transportation and logistics industry, with a high concentration of heavy commercial vehicles equipped with air brake systems. The region's dominance is further bolstered by stringent safety regulations for commercial vehicles, which mandate the use of reliable and efficient braking systems. Additionally, the presence of key manufacturers and suppliers in North America contributes to the widespread availability and adoption of air brake systems. The continuous focus on road safety and the importance of robust braking solutions in heavy-duty vehicles solidify North America's position as the dominant market for air brake systems.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Report ID: SQMIG25A2163

$5,300
BUY NOW GET FREE SAMPLE