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Global Air Brake System Market by Type (Disc, Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, Bus) and Region - Forecast to 2028

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    Report

  • 256 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 4702072
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Increasing Commercial Vehicle Production and Growing Government Regulations on Braking Systems to Drive the Industry

The global air brake system market is projected to grow from USD 3.1 billion in 2023 to USD 3.4 billion by 2028, at a CAGR of 2.2% from 2023 to 2028. The market has steady growth due to rising stringent automotive active safety regulations, growing production of commercial vehicles, and integration of advanced braking technologies in air brake systems fuel the demand for air brake systems.

Air Disc brake is estimated to be the fastest growing air brake system type

The disc brake segment is estimated to grow fastest during the forecast period. The primary factor driving the demand for air disc brakes is the rising focus on safety and stopping distance reduction mandates. For instance, the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations to decrease the overall fatality rate for large trucks. There are stopping distance regulations for various vehicle configurations (three-axle, two-axle, and multi-axle) along with loaded and unloaded commercial vehicles. The regulation implemented in August 2013 stated that the stopping distance for unloaded three-axle trucks should be 235 feet, and for loaded three-axle trucks should be 310 feet.

Additionally, because of the increase in population, there is a high demand for intracity and intercity transfers at low cost, which is estimated to drive the air brake system market in railways and some high-speed trains. Further, most air brake manufacturers are focusing on developing advanced air disc brakes to increase the overall efficiency and performance of brake systems. For instance, in October 2019, Meritor, Inc. announced the launch of the lightweight, single-piston EX+™ LS air disc brake. This advanced braking solution was designed for linehaul and trailer applications. The EX+ LS air disc brake was developed with reasonable taper wear control; the new air disc brake was designed and validated to the same taper wear criteria as a twin-piston brake. All these factors would spur the growth of air disc brakes in the future.

Compressor segment is estimated to showcase the largest share in construction and mining trucks

The compressor segment held the largest market, in terms of value, for construction and mining trucks in 2023. The trucks used in construction and mining activities are high-power output (HP) with heavy load-carrying capability. They should withstand harsh and rigorous working conditions in the construction and mining environment. Compressors are a key component in every air brake system as they provide power to operate the brakes, and ensure that brakes are always ready to use. Compressors make sure that air brake systems are less susceptible to brake fade or loss of braking power due to overheating. Thus, with rising construction and mining activities worldwide, the demand for trucks used in this industry would also increase, driving the growth of the high-capacity compressors for construction and mining trucks in the coming years.

Furthermore, advancements in air compressors of air brake systems will also cause the demand for air compressor units and overall air brake systems. For instance, some of the compressor manufacturers are focusing on development of lightweight compressor for commercial vehicles to save cargo space, reduce truck gross vehicle weight, and to reduce the maintenance requirement. To construct the lightweight compressor companies are using aluminium material. The companies like VMAC, and Voith develops the lightweight compressor. The companies focus on developing improved and advanced compressors such as electronically controlled compressors, integrated compressors, and maintenance-free compressors for construction and mining trucks.

Asia-Pacific is estimated to be the largest air brake system market during the forecast period

The Asia-Pacific region holds the largest global air brake system market share. China and Japan are the largest markets, whereas India is the fastest-growing market. The critical reasons for market growth in Asia-Pacific are the increasing production of commercial vehicles and stringent government regulations for vehicle safety. Asia-Pacific accounted for ~60% of the global truck production in 2022, owing to the presence of OEMs such as Zheng Zou Yutong, Xiamen Kinglong Motor, Tata Motors, and Ashok Leyland.

Manufacturers in this region are focused on developing specific solutions that address the challenging driving and braking situations drivers face on the roads. As consumers in the region are showing an increased inclination toward safety awareness, the region has witnessed higher growth than the matured markets of Europe and North America. Further, A strong presence of global air brake system manufacturers with strategic partnerships with regional players coupled with increased heavy commercial vehicle production has boosted the air brake system market in the Asia-Pacific region.

Breakdown of Primaries

In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Stakeholder: Supply Side - 80% and Others - 20%
  • By Designation: C-Level Executives - 20%, Directors/Vice Presidents - 35%, and Others - 45%
  • By Region: North America - 25%, Europe - 20%, Asia-Pacific - 40%, and Rest of the World - 10%

The air brake system market comprises major manufacturers such as Knorr-Bremse AG (Germany), Meritor, Inc. (US), Haldex (Sweden), ZF Friedrichshafen AG (Germany), and Wabtec Corporation (US).

Study Coverage

The study segments the air brake system market based on component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slack adjuster), vehicle type (rigid body, heavy-duty trucks, semi-trailer, and bus), brake type (disc and drum), and region (North America, Asia Oceania, Europe, and RoW). The market also segments the air brake system market for rolling stock, by component (compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe) and construction & mining trucks, by component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster).

Key Benefits of Buying the Report

This report provides insights concerning the following points:

  • Country-level vehicle type-wise market: The report offers in-depth market sizing and forecasts to 2028 by vehicle types, such as rigid body, heavy-duty truck, semi-trailer, and bus. The market sizing for the air brake system is covered at the country and regional levels considered in this study.
  • Construction & mining trucks, by component: The report offers in-depth market sizing and forecasts up to 2025 by components, such as compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster. The market sizing for components is covered at a regional level that this study considers.
  • Rolling Stock, by component: The report offers in-depth market sizing and forecast up to 2028, by component, such as compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe. The market sizing for rolling stock is covered for regions considered in the study.
  • The report provides “Market Share” of the leading air brake system market players.
  • Market Development: The report provides comprehensive information about lucrative emerging markets for the air brake system across regions.
  • Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the air brake system market.
  • Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the air brake system market.
  • Analysis of key drivers (growing production of commercial vehicles, Stringent automotive active safety regulations related to air brake system, Integration of anti-lock braking systems (ABS) and electronic stability control (ESC) in Air brake system, and Increased railways and high-speed trains), Restraints (High cost of air brakes over hydraulic brakes, High cost of air brakes over hydraulic brakes), Opportunities (Regulations related to load carrying capacity and mandates on air brakes installation), and Challenges (Freezing of air brakes at low temperature).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
Table 1 Air Brake System Market Definition, by Brake Type
Table 2 Air Brake System Market Definition, by Component
1.2.1 Inclusions and Exclusions
Table 3 Inclusions and Exclusions
1.3 Market Scope
Figure 1 Markets Covered
1.3.1 Regions Covered
Figure 2 Regions Covered
1.3.2 Years Considered
1.4 Currency Considered
Table 4 Currency Exchange Rates
1.5 Stakeholders
1.6 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 3 Air Brake System Market: Research Design
Figure 4 Research Methodology Model
2.1.1 Secondary Data
2.1.1.1 List of Key Secondary Sources for Base Number Estimation
2.1.1.2 List of Key Secondary Sources for Market Size Estimation
2.1.1.3 Key Data from Secondary Sources
Figure 5 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 6 Breakdown of Primary Interviews
2.1.2.1 List of Targeted Primary Participants
2.1.2.2 Sampling Techniques and Data Collection Methods
2.2 Market Size Estimation
Figure 7 Research Methodology: Hypothesis Building
2.2.1 Bottom-Up Approach
Figure 8 Air Brake System Market Size Estimation Methodology for On-Highway Vehicles: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 9 Air Brake System Market Size Estimation Methodology, by Brake Type: Top-Down Approach
2.3 Recession Impact Analysis
2.4 Air Brake System Market Breakdown and Data Triangulation
Figure 10 Data Triangulation
2.5 Factor Analysis for Market Size Estimation: Demand and Supply Sides
2.6 Research Assumptions
Table 5 Research Assumptions for Market Forecast and Estimation
2.7 Research Limitations
3 Executive Summary
Figure 11 Air Brake System Market Overview
Figure 12 Air Brake System Market, by Region, 2023 vs. 2028 (USD Billion)
4 Premium Insights
4.1 Attractive Opportunities for Market Players in Air Brake System Market
Figure 13 Increasing Commercial Vehicle Production and Growing Government Regulations on Braking Systems to Drive Market During Forecast Period
4.2 Air Brake System Market, by Component Type
Figure 14 Brake Chamber Segment to Hold Largest Market Share During Forecast Period
4.3 Air Brake System Market, by Brake Type
Figure 15 Air Disc Brakes Segment to Drive Market During Forecast Period
4.4 Air Brake System Market, by Vehicle Type
Figure 16 Semi-Trailer Segment to Witness Highest CAGR During Forecast Period
4.5 Construction and Mining Truck Air Brake System Market, by Component Type
Figure 17 Compressor Segment to Register Higher CAGR During Forecast Period
4.6 Rolling Stock Air Brake System Market, by Component Type
Figure 18 Brake Cylinder Segment to Lead Market for Rolling Stock During Forecast Period
4.7 Air Brake System Market, by Region
Figure 19 Asia-Pacific to Possess Largest Market Share During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Drivers, Restraints, Opportunities, and Challenges in Air Brake System Market
5.2.1 Drivers
5.2.1.1 Increasing Sales and Production of Commercial Trucks and Buses
Figure 21 Heavy Truck and Bus Production Forecast, 2022-2030 (Units)
5.2.1.2 Stringent Automotive Active Safety Regulations and Integration of Anti-Lock Braking System (ABS) and Electronic Stability Control Braking System (Esc)
Table 6 List of Commercial Vehicle Models with Anti-Lock Braking Systems and Electronic Stability Control Braking Systems
5.2.1.3 Growing Demand for Off-Highway Heavy-Duty Trucks
Figure 22 Articulated and Rigid Dump Truck Vehicle Sales, 2020-2028 (Units)
5.2.1.4 Increasing Development of Railway Network with Growing Number of High-Speed Trains
Table 7 Top Railway Project Construction, by Cost
5.2.2 Restraints
5.2.2.1 High Cost of Air Brakes Over Hydraulic Brakes
5.2.2.2 Increasing Focus on Electric Trucks and Buses
Figure 23 Electric Medium and Heavy-Duty Truck and Bus Sales, 2022-2030 (Thousand Units)
5.2.3 Opportunities
5.2.3.1 Regulations on Load-Carrying Capacity and Mandates on Air Brake Installation
5.2.4 Challenges
5.2.4.1 Freezing of Air Brakes at Low Temperature
5.3 Trends/Disruptions Impacting Buyers
Figure 24 Trends/Disruption Impacting Buyers
5.4 Ecosystem Analysis
Figure 25 Air Brake System Market: Ecosystem Analysis
Figure 26 Air Brake System Market Ecosystem
5.4.1 Air Brake System Manufacturers
5.4.2 Component Suppliers/Technology Providers
5.4.3 Automotive OEMs
5.4.4 Government and Regulatory Authorities
5.4.5 Dealers and Distributors
5.4.6 Service and Repair Centers
5.4.7 Fleet Owners and Operators
Table 8 Air Brake System Market: Role of Companies in Ecosystem
5.5 Supply Chain Analysis
Figure 27 Air Brake System Market: Supply Chain Analysis
5.6 Pricing Analysis
5.6.1 Price Trend, by Region, 2020 vs. 2022
Table 9 Price Trend Analysis: Regional Level
5.6.2 Price Trend, by Brake Type, 2020 vs. 2022
Table 10 Price Trend Analysis: by Brake Type
5.7 Use Case Analysis
5.7.1 Use Case 1: Several Challenges for Knorr-Bremse AG in Developing Brake Systems
5.7.2 Use Case 2: New Air Brake System Developed by Arvin Meritor and TBS Solution
5.7.3 Use Case 3: Goizper Brake Clutch
5.8 Buying Criteria
Figure 28 Key Buying Criteria for Air Disc Brake vs. Air Drum Brake
Table 11 Key Buying Criteria for Air Disc Brake vs. Air Drum Brake
5.9 Trade Data Analysis
5.9.1 Import Data
5.9.1.1 US
Table 12 US: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.2 Mexico
Table 13 Mexico: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.3 Canada
Table 14 Canada: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.4 China
Table 15 China: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.5 Japan
Table 16 Japan: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.6 India
Table 17 India: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.7 Germany
Table 18 Germany: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.8 France
Table 19 France: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.9 Spain
Table 20 Spain: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.1.10 UK
Table 21 UK: Import of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2 Export Data
5.9.2.1 US
Table 22 US: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.2 China
Table 23 China: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.3 Japan
Table 24 Japan: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.4 India
Table 25 India: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.5 Germany
Table 26 Germany: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.6 France
Table 27 France: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.7 Spain
Table 28 Spain: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.9.2.8 UK
Table 29 UK: Export of Air Brakes and Parts for Railway or Tramway Locomotives or Rolling Stock, by Country (%), (2018-2022)
5.10 Key Conferences and Events in 2023-2024
Table 30 Air Brake System Market: Upcoming Conferences and Events
5.11 Patent Analysis
5.11.1 Satellite Navigation System Market: Patent Analysis (2020-2022)
5.12 Regulatory Landscape
5.12.1 US: Vehicle Safety Standards
5.12.2 Europe: Vehicle Safety Standards
5.12.3 US: Federal Regulations for Air Brake System Components
5.12.4 US: Federal Motor Safety Standards for Brake System Parts
5.12.5 List of Regulatory Authorities for Air Brake Systems, by Region
5.13 Technology Analysis
5.13.1 Development of Electro-Pneumatic Brake System for Commercial Vehicles
6 Analyst's Recommendations
6.1 Asia-Pacific to Lead Market During Forecast Period
6.2 Air Disc Brake Segment to Gain Momentum in Future
6.3 Conclusion
7 Air Brake System Market, by Component Type
7.1 Introduction
Table 31 Number of Air Brake Components in Each Vehicle Type
7.1.1 Insights from Industry Experts
Figure 29 Air Brake System Market, by Component Type, 2023 vs. 2028 (USD Million)
Table 32 Air Brake System Market, by Component Type, 2018-2022 (Thousand Units)
Table 33 Air Brake System Market, by Component Type, 2023-2028 (Thousand Units)
Table 34 Air Brake System Market, by Component Type, 2018-2022 (USD Million)
Table 35 Air Brake System Market, by Component Type, 2023-2028 (USD Million)
7.2 Compressor
7.2.1 Increasing Production of Commercial Vehicles to Drive Market
Table 36 Compressor: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 37 Compressor: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 38 Compressor: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 39 Compressor: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.3 Governor
7.3.1 Increasing Number of Heavy Commercial Vehicles to Drive Market
Table 40 Governor: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 41 Governor: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 42 Governor: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 43 Governor: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.4 Storage Tank
7.4.1 Increasing Demand of Commercial Vehicles to Drive Market
Table 44 Storage Tank: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 45 Storage Tank: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 46 Storage Tank: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 47 Storage Tank: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.5 Air Dryer
7.5.1 Low Temperatures in Europe and North America to Drive Growth
Table 48 Air Dryer: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 49 Air Dryer: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 50 Air Dryer: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 51 Air Dryer: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.6 Foot Valve
7.6.1 Moderate Increase in Commercial Vehicle Production to Drive Market
Table 52 Foot Valve: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 53 Foot Valve: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 54 Foot Valve: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 55 Foot Valve: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.7 Brake Chamber
7.7.1 Increasing Number of Multi-Axle Commercial Vehicles to Drive Market
Table 56 Brake Chamber: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 57 Brake Chamber: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 58 Brake Chamber: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 59 Brake Chamber: Air Brake System Market, by Region, 2023-2028 (USD Million)
7.8 Slack Adjuster
7.8.1 Increasing Production of Heavy Commercial Vehicles to Drive Market
Table 60 Slack Adjuster: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 61 Slack Adjuster: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 62 Slack Adjuster: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 63 Slack Adjuster: Air Brake System Market, by Region, 2023-2028 (USD Million)
8 Air Brake System Market, by Brake Type
8.1 Introduction
8.1.1 Insights from Industry Experts
Figure 30 Air Brake System Market, by Brake Type, 2023 vs. 2028 (Thousand Units)
Table 64 Air Brake System Market, by Brake Type, 2018-2022 (Thousand Units)
Table 65 Air Brake System Market, by Brake Type, 2023-2028 (Thousand Units)
8.2 Air Drum Brake
8.2.1 Marginal Growth in Global Demand for Heavy Commercial Vehicles to Drive Market
Table 66 Air Drum Brake Market, by Region, 2018-2022 (Thousand Units)
Table 67 Air Drum Brake Market, by Region, 2023-2028 (Thousand Units)
8.3 Air Disc Brake
8.3.1 Easy Inspection, Low Stopping Distance, and Long Durability to Drive Market
Table 68 Air Disc Brake Market, by Region, 2018-2022 (Thousand Units)
Table 69 Air Disc Brake Market, by Region, 2023-2028 (Thousand Units)
9 Air Brake System Market, by Vehicle Type
9.1 Introduction
Table 70 Vehicle Definition by GVWR
9.1.1 Insights from Industry Experts
Figure 31 Air Brake System Market, by Vehicle Type, 2023 vs. 2028 (USD Million)
Table 71 Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 72 Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 73 Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 74 Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
9.2 Rigid-Body Truck
9.2.1 Suitability for Short and Medium-Distance Transportation to Drive Growth
Table 75 Rigid-Body Truck: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 76 Rigid-Body Truck: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 77 Rigid-Body Truck: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 78 Rigid-Body Truck: Air Brake System Market, by Region, 2023-2028 (USD Million)
9.3 Heavy-Duty Truck
9.3.1 High Load Carrying Capacity and Intracity Logistic Transportation Option to Drive Market
Table 79 Heavy-Duty Truck: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 80 Heavy-Duty Truck: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 81 Heavy-Duty Truck: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 82 Heavy-Duty Truck: Air Brake System Market, by Region, 2023-2028 (USD Million)
9.4 Semi-Trailer
9.4.1 Road Infrastructure Development and Need for High Load-Carrying Capacity to Drive Market
Table 83 Semi-Trailer: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 84 Semi-Trailer: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 85 Semi-Trailer: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 86 Semi-Trailer: Air Brake System Market, by Region, 2023-2028 (USD Million)
9.5 Bus
9.5.1 Growing Focus and Government Regulations on Vehicle Safety and Road Safety to Drive Growth
Table 87 List of Bus OEMs and Models with Anti-Lock Braking System
Table 88 Bus: Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 89 Bus: Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 90 Bus: Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 91 Bus: Air Brake System Market, by Region, 2023-2028 (USD Million)
10 Air Brake System Market for Construction and Mining Trucks, by Component Type
10.1 Introduction
10.1.1 Insights from Industry Experts
Figure 32 Air Brake System Market for Construction and Mining Trucks, by Component Type, 2023 vs. 2028 (USD Thousand)
Table 92 Air Brake System Market for Construction and Mining Trucks, by Component Type, 2018-2022 (Units)
Table 93 Air Brake System Market for Construction and Mining Trucks, by Component Type, 2023-2028 (Units)
Table 94 Air Brake System Market for Construction and Mining Trucks, by Component Type, 2018-2022 (USD Thousand)
Table 95 Air Brake System Market for Construction and Mining Trucks, by Component Type, 2023-2028 (USD Thousand)
10.2 Compressor
10.2.1 Reliable Braking Performance to Drive Market
Table 96 Compressor: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 97 Compressor: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 98 Compressor: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 99 Compressor: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.3 Governor
10.3.1 Growing Number of Construction and Mining Trucks to Drive Market
Table 100 Governor: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 101 Governor: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 102 Governor: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 103 Governor: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.4 Storage Tank
10.4.1 Substantial Air Volume Requirements in Heavy-Duty Applications to Drive Growth
Table 104 Storage Tank: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 105 Storage Tank: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 106 Storage Tank: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 107 Storage Tank: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.5 Air Dryer
10.5.1 Increasing Production of Trucks and Technological Advancements to Drive Market
Table 108 Air Dryer: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 109 Air Dryer: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 110 Air Dryer: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 111 Air Dryer: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.6 Foot Valve
10.6.1 Growth of Global Construction and Mining Trucks Market to Drive Market
Table 112 Foot Valve: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 113 Foot Valve: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 114 Foot Valve: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 115 Foot Valve: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.7 Brake Chamber
10.7.1 Growing Sales of Construction and Mining Trucks to Drive Market
Table 116 Brake Chamber: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 117 Brake Chamber: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 118 Brake Chamber: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 119 Brake Chamber: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
10.8 Slack Adjuster
10.8.1 Rising Sales and Demand for Multi-Axle Construction and Mining Trucks to Drive Market
Table 120 Slack Adjuster: Air Brake System Market for Construction and Mining Trucks, by Region, 2018-2022 (Units)
Table 121 Slack Adjuster: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (Units)
Table 122 Slack Adjuster: Air Brake System Market, for Construction and Mining Trucks, by Region, 2018-2022 (USD Thousand)
Table 123 Slack Adjuster: Air Brake System Market for Construction and Mining Trucks, by Region, 2023-2028 (USD Thousand)
11 Air Brake System Market for Rolling Stock, by Component Type
11.1 Introduction
11.1.1 Insights from Industry Experts
Figure 33 Air Brake System Market for Rolling Stock, by Component Type, 2023 vs. 2028 (Thousand Units)
Table 124 Air Brake System Market for Rolling Stock, by Component Type, 2018-2022 (Thousand Units)
Table 125 Air Brake System Market for Rolling Stock, by Component Type, 2023-2028 (Thousand Units)
11.2 Compressor
11.2.1 High Population and Rapid Urbanization to Drive Asia-Pacific Market
Table 126 Compressor: Air Brake System Market for Rolling Stock, by Region, 2018-2022 (Thousand Units)
Table 127 Compressor: Air Brake System Market for Rolling Stock, by Region, 2023-2028 (Thousand Units)
11.3 Storage Tank
11.3.1 Global Development of Railway System to Drive Market
Table 128 Storage Tank: Air Brake System Market for Rolling Stock, by Region, 2018-2022 (Thousand Units)
Table 129 Storage Tank: Air Brake System Market for Rolling Stock, by Region, 2023-2028 (Thousand Units)
11.4 Driver's Brake Valve
11.4.1 High Government Spending and Rising Production of Rolling Stock to Drive Asia-Pacific Market
Table 130 Driver's Brake Valve: Air Brake System Market for Rolling Stock, by Region, 2018-2022 (Thousand Units)
Table 131 Driver's Brake Valve: Air Brake System Market for Rolling Stock, by Region, 2023-2028 (Thousand Units)
11.5 Brake Cylinder
11.5.1 Railway Network Expansion and Government Focus on Railway Safety to Drive Market
Table 132 Brake Cylinder: Air Brake System Market for Rolling Stock, by Region, 2018-2022 (Thousand Units)
Table 133 Brake Cylinder: Air Brake System Market for Rolling Stock, by Region, 2023-2028 (Thousand Units)
11.6 Brake Pipe
11.6.1 Growing Production of Different Rolling Stocks to Drive Growth
Table 134 Brake Pipe: Air Brake System Market for Rolling Stock, by Region, 2018-2022 (Thousand Units)
Table 135 Brake Pipe: Air Brake System Market for Rolling Stock, by Region, 2023-2028 (Thousand Units)
12 Air Brake System Market, by Region
12.1 Introduction
12.1.1 Insights from Industry Experts
Figure 34 Air Brake System Market, by Region, 2023 vs. 2028 (USD Million)
Table 136 Air Brake System Market, by Region, 2018-2022 (Thousand Units)
Table 137 Air Brake System Market, by Region, 2023-2028 (Thousand Units)
Table 138 Air Brake System Market, by Region, 2018-2022 (USD Million)
Table 139 Air Brake System Market, by Region, 2023-2028 (USD Million)
12.2 Asia-Pacific
12.2.1 Recession Impact Analysis
Figure 35 Asia-Pacific: Air Brake System Market Snapshot
Table 140 Asia-Pacific: Air Brake System Market, by Country, 2018-2022 (Thousand Units)
Table 141 Asia-Pacific: Air Brake System Market, by Country, 2023-2028 (Thousand Units)
Table 142 Asia-Pacific: Air Brake System Market, by Country, 2018-2022 (USD Million)
Table 143 Asia-Pacific: Air Brake System Market, by Country, 2023-2028 (USD Million)
12.2.2 China
12.2.2.1 Increasing Commercial Vehicle Production and Demand for Vehicle Safety Features to Drive Market
Table 144 China: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 145 China: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 146 China: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 147 China: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.2.3 India
12.2.3.1 Increasing Commercial Vehicle Production and Integrating Advanced Braking Technologies to Drive Market
Table 148 India: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 149 India: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 150 India: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 151 India: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.2.4 Japan
12.2.4.1 Increasing Commercial Vehicle Production to Drive Market
Table 152 Japan: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 153 Japan: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 154 Japan: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 155 Japan: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.2.5 South Korea
12.2.5.1 Implementing Government Mandates on Vehicle Safety to Drive Market
Table 156 South Korea: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 157 South Korea: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 158 South Korea: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 159 South Korea: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.2.6 Rest of Asia-Pacific
Table 160 Rest of Asia-Pacific: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 161 Rest of Asia-Pacific: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 162 Rest of Asia-Pacific: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 163 Rest of Asia-Pacific: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3 Europe
12.3.1 Recession Impact Analysis
Figure 36 Europe: Air Brake System Market Snapshot
Table 164 Europe: Air Brake System Market, by Country, 2018-2022 (Thousand Units)
Table 165 Europe: Air Brake System Market, by Country, 2023-2028 (Thousand Units)
Table 166 Europe: Air Brake System Market, by Country, 2018-2022 (USD Million)
Table 167 Europe: Air Brake System Market, by Country, 2023-2028 (USD Million)
12.3.2 Germany
12.3.2.1 Implementing Advanced Emergency Braking System as Standard Fitment to Drive Market
Table 168 Germany: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 169 Germany: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 170 Germany: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 171 Germany: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.3 France
12.3.3.1 Growing Logistics and Transportation Sectors to Drive Market
Table 172 France: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 173 France: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 174 France: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 175 France: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.4 UK
12.3.4.1 Growing Commercial Vehicle Production and Adoption of Advanced Air Brake Systems to Drive Market
Table 176 UK: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 177 UK: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 178 UK: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 179 UK: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.5 Spain
12.3.5.1 Stringent Government Regulations and Growing Commercial Vehicle Production to Drive Market
Table 180 Spain: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 181 Spain: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 182 Spain: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 183 Spain: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.6 Russia
12.3.6.1 Growing Demand for Commercial Vehicles to Drive Market
Table 184 Russia: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 185 Russia: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 186 Russia: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 187 Russia: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.7 Turkey
12.3.7.1 Rising Stringent Safety Standards to Drive Market
Table 188 Turkey: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 189 Turkey: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 190 Turkey: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 191 Turkey: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.3.8 Rest of Europe
Table 192 Rest of Europe: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 193 Rest of Europe: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 194 Rest of Europe: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 195 Rest of Europe: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.4 North America
12.4.1 Recession Impact Analysis
Figure 37 North America: Air Brake System Market Snapshot
Table 196 North America: Air Brake System Market, by Country, 2018-2022 (Thousand Units)
Table 197 North America: Air Brake System Market, by Country, 2023-2028 (Thousand Units)
Table 198 North America: Air Brake System Market, by Country, 2018-2022 (USD Million)
Table 199 North America: Air Brake System Market, by Country, 2023-2028 (USD Million)
12.4.2 US
12.4.2.1 Stringent Regulations for Braking Systems and Growing Commercial Vehicle Production to Drive Market
Table 200 US: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 201 US: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 202 US: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 203 US: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.4.3 Canada
12.4.3.1 Increasing Popularity of Advanced Braking Systems to Drive Market
Table 204 Canada: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 205 Canada: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 206 Canada: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 207 Canada: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.4.4 Mexico
12.4.4.1 Adoption of Advanced Air Brake Technology and Free Trade Agreements for Domestic Production to Drive Market
Table 208 Mexico: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 209 Mexico: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 210 Mexico: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 211 Mexico: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.5 Rest of the World (RoW)
12.5.1 Recession Impact Analysis
Figure 38 Rest of the World: Air Brake System Market, 2023 vs. 2028 (USD Million)
Table 212 Rest of the World: Air Brake System Market, by Country, 2018-2022 (Thousand Units)
Table 213 Rest of the World: Air Brake System Market, by Country, 2023-2028 (Thousand Units)
Table 214 Rest of the World: Air Brake System Market, by Country, 2018-2022 (USD Million)
Table 215 Rest of World: Air Brake System Market, by Country, 2023-2028 (USD Million)
12.5.2 Brazil
12.5.2.1 Domestic Production of Brake System Components to Drive Market
Table 216 Brazil: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 217 Brazil: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 218 Brazil: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 219 Brazil: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.5.3 Argentina
12.5.3.1 Rising Commercial Vehicle Sales and Government Regulations to Drive Market
Table 220 Argentina: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 221 Argentina: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 222 Argentina: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 223 Argentina: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
12.5.4 Others
Table 224 Others: Air Brake System Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 225 Others: Air Brake System Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 226 Others: Air Brake System Market, by Vehicle Type, 2018-2022 (USD Million)
Table 227 Others: Air Brake System Market, by Vehicle Type, 2023-2028 (USD Million)
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis
Figure 39 Air Brake System Market Share Analysis, 2022
13.3 Revenue Analysis of Top Five Players
Figure 40 Revenue Analysis of Top Five Public/Listed Players During Last Three Years
13.4 Company Evaluation Matrix
13.4.1 Stars
13.4.2 Emerging Leaders
13.4.3 Pervasive Players
13.4.4 Participants
Figure 41 Air Brake System Market: Company Evaluation Matrix, 2022
Table 228 Air Brake System Market: Company Footprint, 2022
Table 229 Air Brake System Market: Product Footprint, 2022
Table 230 Air Brake System Market: Regional Footprint, 2022
13.5 Startup/SME Evaluation Matrix
13.5.1 Progressive Companies
13.5.2 Responsive Companies
13.5.3 Dynamic Companies
13.5.4 Starting Blocks
Figure 42 Air Brake System Market: Startup/SME Evaluation Matrix, 2022
13.6 Competitive Scenario
13.6.1 Product Launches
Table 231 Product Launches, 2018-2023
13.6.2 Deals
Table 232 Deals, 2018-2023
Table 233 Others, 2018-2023
13.7 Competitive Benchmarking
Table 234 Air Brake System Market: List of Key Startups/SMEs
Table 235 Air Brake System Market: Competitive Benchmarking of Key Startups/SMEs
14 Company Profiles
14.1 Key Players
(Business Overview, Products/Services/Solutions Offered, Analyst's View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 Knorr-Bremse AG
Table 236 Knorr-Bremse AG: Company Overview
Figure 43 Knorr-Bremse AG: Company Snapshot
Table 237 Knorr-Bremse AG: Products Offered
Table 238 Knorr-Bremse AG: Product Launches
Table 239 Knorr-Bremse AG: Deals
Table 240 Knorr-Bremse AG: Expansion
14.1.2 Meritor, Inc.
Table 241 Meritor, Inc.: Company Overview
Figure 44 Meritor, Inc.: Company Snapshot
Table 242 Meritor, Inc.: Products Offered
Table 243 Meritor, Inc.: Product Launches
Table 244 Meritor, Inc.: Deals
14.1.3 Haldex
Table 245 Haldex: Company Overview
Figure 45 Haldex: Company Snapshot
Table 246 Haldex: Products Offered
Table 247 Haldex: Product Launches
Table 248 Haldex: Deals
14.1.4 ZF Friedrichshafen AG
Table 249 ZF Friedrichshafen AG: Company Overview
Figure 46 ZF Friedrichshafen AG: Company Snapshot
Table 250 ZF Friedrichshafen AG: Products Offered
Table 251 ZF Friedrichshafen AG: Product Launches
Table 252 ZF Friedrichshafen AG: Deals
Table 253 ZF Friedrichshafen AG: Others
14.1.5 Wabtec
Table 254 Wabtec: Company Overview
Figure 47 Wabtec: Company Snapshot
Table 255 Wabtec: Products Offered
Table 256 Wabtec: Deals
14.1.6 Nabtesco Corporation
Table 257 Nabtesco Corporation: Company Overview
Figure 48 Nabtesco Corporation: Company Snapshot
Table 258 Nabtesco: Products Offered
Table 259 Nabtesco: Deals
Table 260 Nabtesco: Others
14.1.7 TSE Brakes Inc.
Table 261 TSE Brakes Inc.: Company Overview
Table 262 TSE Brakes Inc.: Products Offered
Table 263 TSE Brakes Inc.: Product Launches
14.1.8 Federal-Mogul Corporation
Table 264 Federal-Mogul Corporation: Company Overview
Table 265 Federal-Mogul Corporation: Products Offered
Table 266 Federal-Mogul Corporation: Product Launches
14.1.9 Sorl Auto Parts, Inc.
Table 267 Sorl Auto Parts, Inc.: Company Overview
Table 268 Sorl Auto Parts, Inc.: Products Offered
14.1.10 Brakes India
Table 269 Brakes India: Company Overview
Table 270 Brakes India: Products Offered
Table 271 Brakes India: Product Launches
Table 272 Brakes India: Deals
14.2 Other Players
14.2.1 Sealco Commercial Vehicle Products: Company Overview
14.2.2 SilverbackHD: Company Overview
14.2.3 Fort Garry Industries: Company Overview
14.2.4 Metelli S.p.A.: Company Overview
14.2.5 Mahle GmbH: Company Overview
14.2.6 Aventics GmbH: Company Overview
14.2.7 Knott Brake: Company Overview
14.2.8 Kongsberg: Company Overview
14.2.9 Tata Autocomp Systems: Company Overview
14.2.10 Mei Brakes: Company Overview
15 Appendix
15.1 Insights from Industry Experts
15.2 Discussion Guide
15.3 KnowledgeStore: The Subscription Portal
15.4 Customization Options
15.4.1 Air Brake System Market for Rolling Stock, by Rolling Stock Type
15.4.1.1 Diesel Locomotive
15.4.1.2 DMU
15.4.1.3 EMU
15.4.1.4 Metro
15.4.1.5 Passenger Coaches
15.4.1.6 Freight Wagon
15.4.2 Air Brake System Market for Construction and Mining Vehicles, by Vehicle Type
15.4.2.1 Articulated Dump Truck
15.4.2.2 Rigid Dump Truck

Executive Summary

Companies Mentioned

  • Arvin Meritor
  • Aventics GmbH
  • Brakes India
  • Federal-Mogul Corporation
  • Fort Garry Industries
  • Goizper
  • Haldex
  • Knorr-Bremse AG
  • Knott Brake
  • Kongsberg
  • Mahle GmbH
  • Mei Brakes
  • Meritor, Inc.
  • Metelli S.p.A.
  • Nabtesco Corporation
  • Sealco Commercial Vehicle Products
  • SilverbackHD
  • Sorl Auto Parts, Inc.
  • Tata Autocomp Systems
  • TBS Solution
  • TSE Brakes Inc.
  • Wabtec
  • ZF Friedrichshafen AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages256
PublishedJuly 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 3.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 3.4 Billion
Compound Annual Growth Rate2.2%
Regions CoveredGlobal
No. of Companies Mentioned23

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About the Air Brake Market

Air brakes are a type of brake system and component used in heavy-duty vehicles such as trucks, buses, and trains. They use compressed air to apply the brakes, as opposed to hydraulic brakes which use fluid pressure. Air brakes are typically used in larger vehicles due to their ability to provide greater stopping power and control. Air brakes are composed of several components, including an air compressor, air tanks, air lines, and air valves. The air compressor is responsible for compressing air and storing it in the air tanks. The air lines are responsible for carrying the compressed air to the air valves, which are responsible for controlling the release of the air. Air brakes are widely used in the transportation industry due to their ability to provide greater stopping power and control. They are also used in industrial applications such as mining and construction. Some companies in the air brake market include Wabco, Meritor, Knorr-Bremse, and Haldex. Show Less Read more

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