The Air Brake System Market Size was valued at USD 5.39 billion in 2022 and is expected to reach USD 7.27 billion by 2030, and grow at a CAGR of 3.8% over the forecast period 2023-2030.
The air brake system is a type of braking system found in large, heavy vehicles. A compressed air brake system, sometimes known as an air brake, is a type of friction brake for automobiles in which compressed air is delivered to a piston, which then applies pressure to the brake pads, forcing the vehicle to stop. Large and substantial vehicles, especially those with many trailers that must be hooked into the air brake system, such as dump trucks, trailers, buses, and railroad trains, use air brake system.
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The air-powered braking system is used as an alternative to the water-driven braking system, which is used in lighter automobiles. This system has a big advantage in that it is well-planned and has enough capacity. The air brake system is a sort of friction brake for vehicles that use compressed air to apply pressure to a piston in order to stop the vehicle. Compressor, governor, tank, air dryer, foot valve, brake chamber, and slack adjuster are among the components.
There are now two types of air brake systems on the market: disc air brake systems and drum air brake systems. The air brake system is used in heavy and light commercial vehicles to impart a greater amount of braking force, resulting in high demand for air brakes, increasing the air brake system business.
People's efforts have increased the number of vehicles as a result of modernization and improved energy
Increased production and sales of commercial vehicles, as well as increased production and sales of railway and high-speed trains
The growing demand for air brakes has had a beneficial impact on the market
The high cost of air brakes combined with the longer stopping distance of hydraulic brakes will limit the market
The market for air brake systems is projected to be hampered by the growing focus on electric commercial vehicle and buses
Major firms developing R&D initiatives to produce cost-effective products are predicted to open up new avenues of opportunity
Regulations concerning load-bearing capacity and air brake installation criteria
One of the major concerns for the Air Brake System Industry is the rising cost
Another source of concern for the air brake system is an excessive rate of air spillage
The air brake system market includes a thorough examination of the impact of COVID-19 lockout on market pioneers and followers' earnings. Because the lockdown was implemented differently in different places and countries, the effects of the same crisis are also viewed differently by districts and segments. The study looked at the existing position as well as the long-term implications for the available market. It would assist decision-makers in creating a diagram and procedures for organizations organized by region.
With the exception of hospital supplies and life support products, most sectors have been severely impacted, and Air Brake businesses have also been severely impacted.
With the downturn in global financial development, the air brake industry market has also experienced a specific effect but has maintained an ideological development, with the Air Brake market size keeping up with the normal average annual growth rate of 15 from 2015 to 2020 in the preceding four years.
These companies have used a variety of growth tactics to expand their global footprint and increase their market share. New product creation and expansion are two of the most important initiatives.
The market is divided into two types of brakes: air disc and air drum. During the projected period, the air drum brake segment is expected to grow at the fastest rate. The demand for this segment is being driven by reasons such as increased stringency in vehicle stopping distance-related laws and the development of improved braking technologies.
The market is segmented into Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, and Brake Chamber based on component. During the projected period, the compressor segment is expected to grow at the fastest rate. The variables ascribed to increased infrastructure financing would contribute to the growth of railway networks with a bigger number of electric and high-speed trains, boosting demand for this segment.
Vehicle types such as heavy-duty, rigid body, semi-trailer, and bus make up the market.
Air Disc Brake
Air Drum Brake
By Vehicle type:
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With over 32% of the global air brake framework market in 2022, Asia Pacific regions led the way, followed by North America and Europe. The financial dynamics of countries like China and India have a significant impact on Asia Pacific's economy. The existing position is changing, however, as new direct speculation for the economic development of Southeast Asia emerges. The automotive sector is developing rapidly in Southeast Asian countries.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Knorr-Bremse (Germany), Wabco (Belgium), Meritor (US), SORL Auto Parts, Inc., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Nissin Kogyo Co. Ltd., Brembo S.P.A., Mando Corporation, Knorr-Bremse AG, Federal-Mogul Holdings Corporation3, Airmaster Brake Systems, Brakes India Limited, YUMAK Air Brake Systems, Haldex (Sweden), ZF (Germany), Wabtec (US), and Nabtesco are the major participants in the air brake system market.
|Market Size in 2022
|US$ 5.39 Bn
|Market Size by 2030
|US$ 7.27 Bn
|CAGR of 3.8% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By type (Air Disc Brake, Air Drum Brake)
• By Component (Compressor, Governor, Foot valve, Air dryer, Brake chamber, Slack adjuster, Tank, Others)
• By Vehicle Type (Trucks, Bus, Rolling Stock)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Knorr-Bremse, Wabco, Meritor, SORL Auto Parts, Inc., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Nissin Kogyo Co. Ltd., Brembo S.P.A., Mando Corporation, Knorr-Bremse AG , Federal-Mogul Holdings Corporation3 , Airmaster Brake Systems , Brakes India Limited, YUMAK Air Brake Systems, Haldex, ZF (Germany), Wabtec, and Nabtesco
|• People's efforts have increased the number of vehicles as a result of modernization and improved energy.
• The growing demand for air brakes has had a beneficial impact on the market.
|• One of the major concerns for the Air Brake System Industry is the rising cost.
• Another source of concern for the air brake system is an excessive rate of air spillage.
The Air Brake System Market is expected to reach USD 7.27 billion by 2030.
Major players in the market are Knorr-Bremse (Germany), Wabco (Belgium), Meritor (US), SORL Auto Parts, Inc., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Nissin Kogyo Co. Ltd., Brembo S.P.A., Mando Corporation, Knorr-Bremse AG, Federal-Mogul Holdings Corporation3, Airmaster Brake Systems, Brakes India Limited, and others in the final report.
The report is segmented into three types by type, by Component, by Vehicle Type
The forecast period of the Air Brake System Market is 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Air Brake System Market Segmentation, by type
8.1 Air Disc Brake
8.2 Air Drum Brake
9. Global Air Brake System Market Segmentation, by Component
9.3 Foot valve
9.4 Air dryer
9.5 Brake chamber
9.6 Slack adjuster
10. Global Air Brake System Market Segmentation, by Vehicle type
10.3 Rolling Stock
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Wabco (Belgium)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Knorr-Bremse (Germany)
12.3 Meritor (US)
12.4 SORL Auto Parts, Inc.
12.5 Aisin Seiki Co. Ltd.
12.6 Akebono Brake Industry Co. Ltd.
12.7 Continental AG
12.8 Nissin Kogyo Co. Ltd.
12.9 Brembo S.P.A.
12.10 Mando Corporation
12.11 Knorr-Bremse AG
12.12 Federal-Mogul Holdings Corporation3
12.13 Airmaster Brake Systems
12.14 Brakes India Limited
12.15 YUMAK Air Brake Systems
12.16 Haldex (Sweden)
12.17 ZF (Germany)
12.18 Wabtec (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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