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Global Automotive Air Brake System Market 2019-2023 - Product Image

Global Automotive Air Brake System Market 2019-2023

  • ID: 4792918
  • Report
  • Region: Global
  • 120 pages
  • TechNavio
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FEATURED COMPANIES

  • Knorr-Bremse AG
  • Meritor Inc.
  • WABCO Holdings Inc.
  • ZF Friedrichshafen AG.
  • MORE
Global Automotive Air Brake System Market: About this market

Automotive air brake system that is used in medium- and heavy-duty vehicles use pneumatic pressure for stopping a vehicle. This automotive air brake system market analysis considers the applications of automotive air brake system in trucks and buses. Our analysis also considers the sales of automotive air brake system in North America, Europe, APAC, South America, and MEA. In 2018, the trucks segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing number of medium- and heavy-duty trucks will play a significant role in the trucks segment to maintain their market position. Also, our global automotive air brake system market report looks at factors such as the increasing demand for heavy-duty vehicles, growing preference for air brake systems in medium-duty vehicles, and regulations on safety solutions of heavy-duty vehicles. However, the vehicle recalls due to potential air brake failure, increase in vehicle manufacturing cost leading to reduced profit margin, and growing adoption of electronically controlled braking systems in trucks and buses may hamper the growth of the automotive air brake system industry over the forecast period.

Global automotive air brake system market: Overview

Increasing preference for air brake systems in medium-duty vehicles

Air brake systems are increasingly being deployed in medium-duty vehicles owing to the proven efficiency and performance of air brake systems in heavy-duty vehicles. The current hydraulic brake systems are incapable of generating enough power to halt fully loaded medium-duty vehicles and can cause safety-related issues. Such factors are increasing the demand for air brake systems in medium-duty vehicles, which will fuel the growth of the automotive air brake system market at a CAGR of close to 2% during the forecast period.

Increasing preference for lightweight brake components

Automotive OEMs have been focusing on improving vehicle efficiency, which has resulted in the growing preference for reducing the weight of vehicle components. Light weighting of components enhances vehicle performance and reduces the manufacturing cost for OEMs. Thus, the growing focus on light-weighting components is resulting in the need for lightweight airbrake systems, which is expected to fuel the growth of the market during the forecast period.

Competitive Landscape

With the presence of few major players, the global automotive air brake system market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive air brake system manufacturers, that include Akebono Brake Industry Co. Ltd., Knorr-Bremse AG, Meritor Inc., WABCO Holdings Inc., and ZF Friedrichshafen AG.

Also, the automotive air brake system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Knorr-Bremse AG
  • Meritor Inc.
  • WABCO Holdings Inc.
  • ZF Friedrichshafen AG.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Trucks - Market size and forecast 2018-2023
  • Buses - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Increasing preference for lightweight brake components
  • Truck brake dust filters to improve air quality
  • Improvement in supply chain strategies
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Akebono Brake Industry Co. Ltd.
  • Knorr-Bremse AG
  • Meritor Inc.
  • WABCO Holdings Inc.
  • ZF Friedrichshafen AG
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global automotive components market
Exhibit 02: Segments of global automotive components market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Trucks - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Trucks - Year-over-year growth 2019-2023 (%)
Exhibit 21: Buses - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Buses - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 29: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: North America - Year-over-year growth 2019-2023 (%)
Exhibit 31: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 33: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: South America - Year-over-year growth 2019-2023 (%)
Exhibit 35: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Trucks and buses with EBS
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Akebono Brake Industry Co. Ltd. - Vendor overview
Exhibit 47: Akebono Brake Industry Co. Ltd. - Product segments
Exhibit 48: Akebono Brake Industry Co. Ltd. - Organizational developments
Exhibit 49: Akebono Brake Industry Co. Ltd. - Geographic focus
Exhibit 50: Akebono Brake Industry Co. Ltd. - Key offerings
Exhibit 51: Knorr-Bremse AG - Vendor overview
Exhibit 52: Knorr-Bremse AG - Business segments
Exhibit 53: Knorr-Bremse AG - Organizational developments
Exhibit 54: Knorr-Bremse AG - Geographic focus
Exhibit 55: Knorr-Bremse AG - Segment focus
Exhibit 56: Knorr-Bremse AG - Key offerings
Exhibit 57: Meritor Inc. - Vendor overview
Exhibit 58: Meritor Inc. - Business segments
Exhibit 59: Meritor Inc. - Organizational developments
Exhibit 60: Meritor Inc. - Geographic focus
Exhibit 61: Meritor Inc. - Segment focus
Exhibit 62: Meritor Inc. - Key offerings
Exhibit 63: WABCO Holdings Inc. - Vendor overview
Exhibit 64: WABCO Holdings Inc. - Product segments
Exhibit 65: WABCO Holdings Inc. - Organizational developments
Exhibit 66: WABCO Holdings Inc. - Geographic focus
Exhibit 67: WABCO Holdings Inc. - Segment focus
Exhibit 68: WABCO Holdings Inc. - Key offerings
Exhibit 69: ZF Friedrichshafen AG - Vendor overview
Exhibit 70: ZF Friedrichshafen AG - Business segments
Exhibit 71: ZF Friedrichshafen AG - Organizational developments
Exhibit 72: ZF Friedrichshafen AG - Geographic focus
Exhibit 73: ZF Friedrichshafen AG - Segment focus
Exhibit 74: ZF Friedrichshafen AG - Key offerings
Exhibit 75: Validation techniques employed for market sizing
Exhibit 76: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Knorr-Bremse AG
  • Meritor Inc.
  • WABCO Holdings Inc.
  • ZF Friedrichshafen AG.
  • MORE
The following companies are recognised as the key players in the global automotive air brake system market: Akebono Brake Industry Co. Ltd., Knorr-Bremse AG, Meritor Inc., WABCO Holdings Inc., and ZF Friedrichshafen AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing preference for lightweight brake components.”

According to the report, one of the major drivers for this market is the increasing preference for air brake systems in medium-duty vehicles.

Further, the report states that one of the major factors hindering the growth of this market is the vehicle recalls due to potential air brake failure.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Akebono Brake Industry Co. Ltd.
  • Knorr-Bremse AG
  • Meritor Inc.
  • WABCO Holdings Inc.
  • ZF Friedrichshafen AG.
Note: Product cover images may vary from those shown
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