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Air Brake System Market

Air Brake System Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1024 | May 2022 | Region: Global | 135 Pages

Report Scope & Overview:

Air Brake System Market Size was valued at USD 5.20 billion in 2021 and is expected to reach USD 6.75 billion by 2028, and grow at a CAGR of 3.8% over the forecast period 2022-2028.

 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 trucks, trailers, buses, and railroad trains, use air brakes.

Air Brake System Market Revenue Graph

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 commercial vehicles to impart a greater amount of braking force, resulting in high demand for air brakes, increasing the air brake system business.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • 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.        

RESTRAINTS: 

  • 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 vehicles and buses.

OPPORTUNITIES: 

  • 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

CHALLENGES: 

  • 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.

IMPACT OF COVID-19:

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.

KEY PLAYERS:

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.

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.

MARKET ESTIMATION: 

Market, By Type:

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.

Market, By Component:

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.

Market, By Vehicle Type:

Vehicle types such as heavy-duty, rigid body, semi-trailer, and bus make up the market.

MARKET SEGMENTATION:

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

Air Brake System Market Segment Chart

REGIONAL ANALYSIS:

With over 32% of the global air brake framework market in 2020, 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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

   Air Brake System Market Report Scope:
Report Attributes Details
 Market Size in 2021  US$ 5.20 Bn
 Market Size by 2028  US$ 6.75 Bn
 CAGR   CAGR of 3.8% From 2022 to 2028
 Base Year  2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • 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)
 Regional Analysis/Coverage 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)
 Company Profiles 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
 Key Drivers • 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.  
 Challenges • 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.

 


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

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

9.1 Compressor

9.2 Governor

9.3 Foot valve

9.4 Air dryer

9.5 Brake chamber

9.6 Slack adjuster

9.7 Tank

9.8 Others

 

10. Global Air Brake System Market Segmentation, by Vehicle type

10.1 Trucks

10.2 Bus

10.3 Rolling Stock

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Wabco (Belgium)

12.1.1 Financial

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)

12.19 Nabtesco

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

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Secondary Research

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