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PUBLISHER: IMARC | PRODUCT CODE: 1451562
PUBLISHER: IMARC | PRODUCT CODE: 1451562
Air Brake System Market Report by Component, Type, Vehicle Type, and Region 2024-2032
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PAGES: 144 Pages
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The global air brake system market size reached US$ 8.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.
An air brake system is a friction brake relying on compressed air pressing to stop a vehicle. It includes various components, such as brake chambers, foot valves, slack adjusters, brake shoes, drums, and air reservoirs, dryers and compressors. As compared to hydraulic brakes, an air brake system is more powerful and reliable, provides better control, reduces stopping distance, prevents extensive wear and tear of parts, and offers heavy braking effects. Consequently, it is used in railroad trains and heavy commercial vehicles, including trucks and buses.
Air Brake System Market Trends:
The global market is primarily driven by the widespread adoption of air brake systems due to their reliability and efficiency. These systems are easy to remove and attach and remain effective even with an air leak. In line with this, their increasing demand on account of rising vehicle safety concerns across the globe is creating a positive outlook for the market. Additionally, the introduction of lightweight air brake systems for trailer and line haul applications that use fewer parts and provide more ground clearance, protection from road debris, and higher efficiency are providing an impetus to the market growth. Furthermore, manufacturers are developing new and advanced components that are effective in the railways and high-speed trains while assuring safety and maintaining control over the vehicle. This, in turn, is strengthening the growth of the market around the world. Other factors, including the implementation of various government initiatives to promote the use of brake systems in heavy vehicles, increasing production and development of high-speed trains, and extensive research and development (R&D) activities, are anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global air brake system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type and vehicle type.
Breakup by Component:
Compressor
Governor
Tank
Air Dryer
Foot Valve
Brake Chamber
Slack Adjuster
Others
Breakup by Type:
Air Disc Brake
Air Drum Brake
Breakup by Vehicle Type:
Rigid Body
Heavy-Duty Truck
Semi-Trailer
Bus
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Brakes India Private Limited, Haldex Inc., Knorr-Bremse AG, Meritor Inc. (Cummins Inc.), SORL Auto Parts Inc., TSE Brakes Inc., UNO Minda Limited, Wabtec Corporation, Yumak Air Brake Systems and ZF Friedrichshafen AG.
Key Questions Answered in This Report
- 1. What was the size of the global air brake system market in 2023?
- 2. What is the expected growth rate of the global air brake system market during 2024-2032?
- 3. What are the key factors driving the global air brake system market?
- 4. What has been the impact of COVID-19 on the global air brake system market?
- 5. What is the breakup of the global air brake system market based on the component?
- 6. What is the breakup of the global air brake system market based on the type?
- 7. What is the breakup of the global air brake system market based on the vehicle type?
- 8. What are the key regions in the global air brake system market?
- 9. Who are the key players/companies in the global air brake system market?
Product Code: SR112024A6076
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Air Brake System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Compressor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Governor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Tank
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Air Dryer
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Foot Valve
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Brake Chamber
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Slack Adjuster
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Type
- 7.1 Air Disc Brake
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Air Drum Brake
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Rigid Body
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Heavy-Duty Truck
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Semi-Trailer
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Bus
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Brakes India Private Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Haldex Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Knorr-Bremse AG
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Meritor Inc. (Cummins Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 SORL Auto Parts Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 TSE Brakes Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 UNO Minda Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Wabtec Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Yumak Air Brake Systems
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 ZF Friedrichshafen AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 SWOT Analysis
- 14.3.1 Brakes India Private Limited
Product Code: SR112024A6076
List of Figures
- Figure 1: Global: Air Brake System Market: Major Drivers and Challenges
- Figure 2: Global: Air Brake System Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Air Brake System Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Air Brake System Market: Breakup by Component (in %), 2023
- Figure 5: Global: Air Brake System Market: Breakup by Type (in %), 2023
- Figure 6: Global: Air Brake System Market: Breakup by Vehicle Type (in %), 2023
- Figure 7: Global: Air Brake System Market: Breakup by Region (in %), 2023
- Figure 8: Global: Air Brake System (Compressor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Air Brake System (Compressor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Air Brake System (Governor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Air Brake System (Governor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Air Brake System (Tank) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Air Brake System (Tank) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Air Brake System (Air Dryer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Air Brake System (Air Dryer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Air Brake System (Foot Valve) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Air Brake System (Foot Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Air Brake System (Brake Chamber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Air Brake System (Brake Chamber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Air Brake System (Slack Adjuster) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Air Brake System (Slack Adjuster) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Air Brake System (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Air Brake System (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Air Brake System (Air Disc Brake) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Air Brake System (Air Disc Brake) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Air Brake System (Air Drum Brake) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Air Brake System (Air Drum Brake) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Air Brake System (Rigid Body) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Air Brake System (Rigid Body) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Air Brake System (Heavy-Duty Truck) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Air Brake System (Heavy-Duty Truck) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Air Brake System (Semi-Trailer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Air Brake System (Semi-Trailer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Air Brake System (Bus) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Air Brake System (Bus) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: North America: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: North America: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: United States: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: United States: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Canada: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Canada: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Asia-Pacific: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Asia-Pacific: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: China: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: China: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Japan: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Japan: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: India: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: India: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: South Korea: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: South Korea: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Australia: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Australia: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Indonesia: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Indonesia: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Others: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Europe: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Europe: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Germany: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Germany: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: France: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: France: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: United Kingdom: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: United Kingdom: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Italy: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Italy: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Spain: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Spain: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Russia: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Russia: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Latin America: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Latin America: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Brazil: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Brazil: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Mexico: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Mexico: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Middle East and Africa: Air Brake System Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Middle East and Africa: Air Brake System Market: Breakup by Country (in %), 2023
- Figure 84: Middle East and Africa: Air Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Global: Air Brake System Industry: SWOT Analysis
- Figure 86: Global: Air Brake System Industry: Value Chain Analysis
- Figure 87: Global: Air Brake System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Air Brake System Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Air Brake System Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Air Brake System Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 4: Global: Air Brake System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 5: Global: Air Brake System Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Air Brake System Market: Competitive Structure
- Table 7: Global: Air Brake System Market: Key Players
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