An air brake or a compressed air brake system, is a frictional braking system used in vehicles in which compressed air is being pressed on a piston which further applies the pressure to the brake pad eventually leading the vehicle to come at rest. Air brakes are used in large & heavy vehicles, particularly those having multiple trailers which must be linked to the brake system, such as trucks, buses, trailers and semi-trailers and railroad trains. George Westinghouse first developed air brakes for use in railway service. The air brake system have a wider application in service brakes, parking brakes, and includes wider range of components such as control pedal, an air storage tank and various other components.
The air brake system works when the compressed air presses the piston thereby applying pressure on the brake pads eventually causing the vehicle to stop. It comprises several components including compressor, governor, tank, air dryer, foot valve, brake chamber, and slack adjuster. Currently, there are two types of air brake system commonly available in the market which are effective and efficient to provide safety while driving. The air brake system is integrated in heavy and commercial vehicles to apply more massive brake effort. The increased demand for air brakes has positively impacted the air brake system market. Air brakes systems are anticipated to witness significant growth over the years, owing to rise in awareness among consumers about vehicle safety and security while driving.
The global air brake system market is segmented based on type, component, rolling stock type, vehicle type and region. Based on type, the air brake system market is categorized into air disc brake and air drum brake. Based on component, the air brake system market is classified into compressor, governor, tank, air dryer, foot valve, brake chamber, slack adjuster and others. Based on vehicle type, the air brake system market is categorized into truck, bus and rolling stock. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the air brakes system market include Knorr-Bremse, Wabco, Meritor, Haldex, ZF Friedrichshafen AG, Wabtec, Nabtesco, TSE Brakes, Federal-Mogul Sorl Auto Parts and others holds major air brake system market share.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Component
By Vehicle Type
By Region
The air brake system works when the compressed air presses the piston thereby applying pressure on the brake pads eventually causing the vehicle to stop. It comprises several components including compressor, governor, tank, air dryer, foot valve, brake chamber, and slack adjuster. Currently, there are two types of air brake system commonly available in the market which are effective and efficient to provide safety while driving. The air brake system is integrated in heavy and commercial vehicles to apply more massive brake effort. The increased demand for air brakes has positively impacted the air brake system market. Air brakes systems are anticipated to witness significant growth over the years, owing to rise in awareness among consumers about vehicle safety and security while driving.
The global air brake system market is segmented based on type, component, rolling stock type, vehicle type and region. Based on type, the air brake system market is categorized into air disc brake and air drum brake. Based on component, the air brake system market is classified into compressor, governor, tank, air dryer, foot valve, brake chamber, slack adjuster and others. Based on vehicle type, the air brake system market is categorized into truck, bus and rolling stock. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the air brakes system market include Knorr-Bremse, Wabco, Meritor, Haldex, ZF Friedrichshafen AG, Wabtec, Nabtesco, TSE Brakes, Federal-Mogul Sorl Auto Parts and others holds major air brake system market share.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the global air brake system market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
- Air Disc Brake
- Air Drum Brake
By Component
- Compressor
- Governor
- Tank
- Air Dryer
- Foot valve
- Brake chamber
- Slack adjuster
- Others
By Vehicle Type
- Trucks
- Bus
- Rolling Stock
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Market Name, By Type
Chapter 5: Market Name, By Component
Chapter 6: Market Name, By Vehicle Type
Chapter 7: Market Name, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled 'Air Brake System Market by Type, Component, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018-2025' the global air brake system market size was valued at $4.8 billion in 2018, and is projected to reach $6.6 billion by 2026, registering a CAGR of 3.57% from 2018 to 2026.North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global air brake system market share in 2018, whereas Mexico is expected to grow at a significant rate in the air brake system industry during the forecast period.
An air brake or a compressed air brake system, is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. In addition to their use in railroad trains, air brakes are used in large heavy vehicles, particularly those having multiple trailers that need to be linked into the brake system, such as trucks, buses, trailers, and semi-trailers. George Westinghouse first developed air brakes for use in railway service. Air brake systems are typically used on heavy trucks and buses. The air brake system has a wider application in service brakes, parking brakes, and includes wider range of components such as control pedal, an air storage tank, and various other components.
It comprises several components including compressor, governor, tank, air dryer, foot valve, brake chamber, and slack adjuster. Currently, there are two types of air brake system commonly available in the air brake system market, namely, disc air brake system and drum air brake system. The air brake system is integrated in heavy as well as commercial vehicles to apply more massive brake effort. The increased demand for air brakes has positively impacted the air brake system market growth.
Air brake system are much more powerful than the ordinary mechanical or hydraulic brakes and therefore, they are exclusively used in heavy vehicles. Also, they are easy to install in chassis of the vehicle as they are interconnected by means of pipes to the vehicle. The compressor air can also be used for tire inflation, windscreen wipers, horns, and many other accessories.
Air brakes are of two types namely air disc brakes and air drum brakes. The air disc brakes use calipers to squeeze the pair of pads against the disc or rotor to create friction thereby slowing the vehicle. This slows the rotation of a shaft, such as a vehicle axle, either to reduce its rotational speed or to hold it stationary. The air drum brakes used in vehicles use friction caused by a set of shoes or pads that press outward against a rotating cylinder-shaped part called a brake drum. Air drum brakes means a brake in which shoes press on the inner surface of the drum thereby leading the vehicle to slow down or stop.
Factors such as increase in production and sales of commercial vehicles and off-highway trucks along with the increased production of railway and high speed trains are driving the growth of the air brake system market However, factors such as high cost of air brakes over hydraulic brakes, and increasing focus on electric trucks and buses is expected to hamper the growth of the market. Further, regulations related to load carrying capacity and mandates on air brakes installation are expected to create numerous opportunities for the growth and expansion of the air brake system market.
Key Findings of the Air Brake System Market:
Based on type, the air drum brake segment generated the highest revenue in 2018.
Based on component, the tank segment was the highest revenue contributor in 2018.
Based on region, the U.S. is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, North America contributed the highest air brake system market revenue in 2018, followed by Asia-Pacific, Europe, and LAMEA.
The key players analyzed in this report are Knorr-Bremse, Wabco, Meritor, Haldex, ZF Friedrichshafen AG, Wabtec, Nabtesco, TSE Brakes, Federal-Mogul and Sorl Auto Parts.
Companies Mentioned
- Knorr-Bremse
- Wabco
- Meritor
- Haldex
- ZF Friedrichshafen AG
- Wabtec
- Nabtesco
- TSE Brakes
- Federal-Mogul and Sorl Auto Parts.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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