Air Brake System Market Size and Share Analysis by Vehicle Type (Trucks, Semi-Trailer Tractors, Buses), Type (Drum, Disc)

Description

The size of the air brake system market was around USD 3,021.2 million in 2023, which will reach a value of USD 4,079.8 million by 2030, rising at a compound annual growth rate of 4.7% by the end of this decade.

This has a lot to do with the widespread use of these components in heavy commercial vehicles as they offer a dependable performance, powerful braking, independence from power of the engine, and various advantages.

The fast industrialization and urbanization, along with a mounting populace, are leading to the commencement of building & construction actions on a large scale.

The industry is chiefly powered by the surge in the manufacturing and sales of heavy and light-duty trucks. Tech expansions and the increasing emphasis on increasing the capacity of production have brought about an automated assembly line; therefore, vehicle production continues to boom.

Furthermore, since trucks frequently carry heavy loads on mountains, air brakes are integrated into them.

Trucks led the air brake system market, with a share, of 75%, and it will grow considerably in the years to come.

This is because of the widespread use of air brakes in heavy-duty trucks. These are extensively used for transporting goods in long distances, which the reason they need dependable and robust braking systems.

As a result of more than a few goods trucks can transport, they travel everywhere, whether on highways, city roads, state highways, or mountains, with considerable amount of cargo. As a result of this much weight, they need high braking efficiency for preventing road accidents and guarantee the safety of other automobiles, drivers, and pedestrians.

Air brakes are good for handling these sorts of requirements and, in turn, decreasing the risk of the loss of life and cargo because of accidents.

APAC is the leader of the industry with a share of 50%, and it will power at a rate of 5%. This is due to the fact that it has some of the largest automotive manufacturers of the world, for example, Ashok Leyland, Zheng Zou Yutong, Tata Motors, Toyota, and Xiamen Kinglong. This has made India, China, and Japan 3 of the most- notable vehicle markets at the global level.

Further, this region accounts for more than 60% of the worldwide commercial vehicle production. China made a record 3.17 million commercial automobiles in 2022, while Japan, is second on the list, and manufactured 1.27 million units.

Due to the rapid urbanization and industrialization all over the globe, the demand for air brake systems is on the rise. This will only increase even further in the years to come as well.

Product Code: 12682

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by vehicle type
- 1.4.2. market size breakdown, by type
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Vehicle Type (2017-2030)
6.3. Market Revenue, by Vehicle Type (2017-2030)
6.4. Market Volume, by Type (2017-2030)
6.5. Market Revenue, by Type (2017-2030)
6.6. Market Volume, by Region (2017-2030)
6.7. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Vehicle Type (2017-2030)
7.3. Market Revenue, by Vehicle Type (2017-2030)
7.4. Market Volume, by Type (2017-2030)
7.5. Market Revenue, by Type (2017-2030)
7.6. Market Volume, by Country (2017-2030)
7.7. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Vehicle Type (2017-2030)
8.3. Market Revenue, by Vehicle Type (2017-2030)
8.4. Market Volume, by Type (2017-2030)
8.5. Market Revenue, by Type (2017-2030)
8.6. Market Volume, by Country (2017-2030)
8.7. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Vehicle Type (2017-2030)
9.3. Market Revenue, by Vehicle Type (2017-2030)
9.4. Market Volume, by Type (2017-2030)
9.5. Market Revenue, by Type (2017-2030)
9.6. Market Volume, by Country (2017-2030)
9.7. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Vehicle Type (2017-2030)
10.3. Market Revenue, by Vehicle Type (2017-2030)
10.4. Market Volume, by Type (2017-2030)
10.5. Market Revenue, by Type (2017-2030)
10.6. Market Volume, by Country (2017-2030)
10.7. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Vehicle Type (2017-2030)
11.3. Market Revenue, by Vehicle Type (2017-2030)
11.4. Market Volume, by Type (2017-2030)
11.5. Market Revenue, by Type (2017-2030)
11.6. Market Volume, by Country (2017-2030)
11.7. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Vehicle Type (2017-2030)
12.3. Market Revenue, by Vehicle Type (2017-2030)
12.4. Market Volume, by Type (2017-2030)
12.5. Market Revenue, by Type (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Vehicle Type (2017-2030)
13.3. Market Revenue, by Vehicle Type (2017-2030)
13.4. Market Volume, by Type (2017-2030)
13.5. Market Revenue, by Type (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Vehicle Type (2017-2030)
14.3. Market Revenue, by Vehicle Type (2017-2030)
14.4. Market Volume, by Type (2017-2030)
14.5. Market Revenue, by Type (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Vehicle Type (2017-2030)
15.3. Market Revenue, by Vehicle Type (2017-2030)
15.4. Market Volume, by Type (2017-2030)
15.5. Market Revenue, by Type (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Vehicle Type (2017-2030)
16.3. Market Revenue, by Vehicle Type (2017-2030)
16.4. Market Volume, by Type (2017-2030)
16.5. Market Revenue, by Type (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Vehicle Type (2017-2030)
17.3. Market Revenue, by Vehicle Type (2017-2030)
17.4. Market Volume, by Type (2017-2030)
17.5. Market Revenue, by Type (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Vehicle Type (2017-2030)
18.3. Market Revenue, by Vehicle Type (2017-2030)
18.4. Market Volume, by Type (2017-2030)
18.5. Market Revenue, by Type (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Vehicle Type (2017-2030)
19.3. Market Revenue, by Vehicle Type (2017-2030)
19.4. Market Volume, by Type (2017-2030)
19.5. Market Revenue, by Type (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Vehicle Type (2017-2030)
20.3. Market Revenue, by Vehicle Type (2017-2030)
20.4. Market Volume, by Type (2017-2030)
20.5. Market Revenue, by Type (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Vehicle Type (2017-2030)
21.3. Market Revenue, by Vehicle Type (2017-2030)
21.4. Market Volume, by Type (2017-2030)
21.5. Market Revenue, by Type (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Vehicle Type (2017-2030)
22.3. Market Revenue, by Vehicle Type (2017-2030)
22.4. Market Volume, by Type (2017-2030)
22.5. Market Revenue, by Type (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Vehicle Type (2017-2030)
23.3. Market Revenue, by Vehicle Type (2017-2030)
23.4. Market Volume, by Type (2017-2030)
23.5. Market Revenue, by Type (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Vehicle Type (2017-2030)
24.3. Market Revenue, by Vehicle Type (2017-2030)
24.4. Market Volume, by Type (2017-2030)
24.5. Market Revenue, by Type (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Vehicle Type (2017-2030)
25.3. Market Revenue, by Vehicle Type (2017-2030)
25.4. Market Volume, by Type (2017-2030)
25.5. Market Revenue, by Type (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Vehicle Type (2017-2030)
26.3. Market Revenue, by Vehicle Type (2017-2030)
26.4. Market Volume, by Type (2017-2030)
26.5. Market Revenue, by Type (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Vehicle Type (2017-2030)
27.3. Market Revenue, by Vehicle Type (2017-2030)
27.4. Market Volume, by Type (2017-2030)
27.5. Market Revenue, by Type (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Vehicle Type (2017-2030)
28.3. Market Revenue, by Vehicle Type (2017-2030)
28.4. Market Volume, by Type (2017-2030)
28.5. Market Revenue, by Type (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Knorr-Bremse AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Haldex AB
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. ZF Friedrichshafen AG
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. SORL Auto Parts Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
30.5. Meritor Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Brakes India Limited
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
30.7. Airmaster Brake Systems
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
30.8. Wabtec Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Minda Nabtesco Automotive Pvt. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
30.10. Nabtesco Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. YUMAK Air Brake Systems
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
30.12. Sealco Commercial Vehicle Products
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
30.13. SilverbackHD
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
30.14. MEI Brakes
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
30.15. MAHLE GmbH
- 30.15.1. Business overview
- 30.15.2. Product and service offerings

Air Brake System Market Size and Share Analysis by Vehicle Type (Trucks, Semi-Trailer Tractors, Buses), Type (Drum, Disc) - Global Industry Demand Forecast to 2030