Commercial Vehicle Air Dryer Market Report: Trends, Forecast and Competitive Analysis to 2030

Commercial Vehicle Air Dryer Trends and Forecast

The future of the global commercial vehicle air dryer market looks promising with opportunities in the truck and bus markets. The global commercial vehicle air dryer market is expected to reach an estimated $9.3 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are prolongs the operational lifespan of truck air valves and prevents freeze-up of the vehicles during the winter.

A more than 150-page report is developed to help in your business decisions.

Commercial Vehicle Air Dryer by Segment

The study includes a forecast for the global commercial vehicle air dryer by type, application, and region.

Commercial Vehicle Air Dryer Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Removable
• Non-Removable

Commercial Vehicle Air Dryer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Trucks
• Buses

Commercial Vehicle Air Dryer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Commercial Vehicle Air Dryer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial vehicle air dryer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial vehicle air dryer companies profiled in this report include-

• Nabtesco
• BENDIX
• Knorr-Bremse
• SORL
• Meritor Wabco
• Haldex
• VOLVO

Commercial Vehicle Air Dryer Market Insights

Lucintel forecasts that removeable will remain the higher growing segment over the forecast period.

Within this market, trucks will remain the higher growing segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Commercial Vehicle Air Dryer Market

Market Size Estimates: Commercial vehicle air dryer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Commercial vehicle air dryer market size by type, application, and region in terms of value ($B).

Regional Analysis: Commercial vehicle air dryer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the commercial vehicle air dryer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the commercial vehicle air dryer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the commercial vehicle air dryer market size?

Answer: The global commercial vehicle air dryer market is expected to reach an estimated $9.3 billion by 2030.

Q.2 What is the growth forecast for commercial vehicle air dryer market?

Answer: The global commercial vehicle air dryer market is expected to grow with a CAGR of 7.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the commercial vehicle air dryer market?

Answer: The major drivers for this market are prolongs the operational lifespan of truck air valves, prevents freeze-up of the vehicles during the winter.

Q4. What are the major segments for commercial vehicle air dryer market?

Answer: The future of the commercial vehicle air dryer market looks promising with opportunities in the truck and bus markets.

Q5. Who are the key commercial vehicle air dryer market companies?

Answer: Some of the key commercial vehicle air dryer companies are as follows:

• Nabtesco
• BENDIX
• Knorr-Bremse
• SORL
• Meritor Wabco
• Haldex
• VOLVO

Q6. Which commercial vehicle air dryer market segment will be the largest in future?

Answer: Lucintel forecasts that removeable will remain the higher growing segment over the forecast period.

Q7. In commercial vehicle air dryer market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the commercial vehicle air dryer market by type (removable and non-removable), application (trucks and buses), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?