Air Brake Systems Trends and Forecast
The future of the global air brake systems market looks promising with opportunities in the trucks, bus, and rolling stock markets. The global air brake systems market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 2.0% from 2024 to 2030. The major drivers for this market are augmenting emphasis on road safety regulations, growing need for improved braking efficiency, and rising demand for heavy vehicles in industries such as transportation, logistics, and construction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Air Brake Systems by Segment
The study includes a forecast for the global air brake systems by type, component, vehicle type, and region.
Air Brake Systems Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Air Disc Brake
• Air Drum Brake
Air Brake Systems Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Compressor
• Governor
• Tank
• Air Dryer
• Foot Valve
• Brake Chamber
• Slack Adjuster
• Others
Air Brake Systems Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Trucks
• Bus
• Rolling Stock
Air Brake Systems Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Air Brake Systems Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air brake systems companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air brake systems companies profiled in this report include-
• Federal-Mogul
• TSE Brakes
• Haldex
• Wabtec Corporation
• SORL Auto Parts
• WABCO
• Meritor
• ZF FRIEDRICHSHAFEN
• KNORR-BREMSE
• Nabtesco Automotive
Air Brake Systems Market Insights
Lucintel forecasts that air drum brake is expected to witness the higher growth over the forecast period.
Within this market, rolling stock is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Air Brake Systems Market
Market Size Estimates: Air brake systems market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Air brake systems market size by type, component, vehicle type, and region in terms of value ($B).
Regional Analysis: Air brake systems market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, components, vehicle types, and regions for the air brake systems market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air brake systems market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the air brake systems market size?
Answer: The global air brake systems market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for air brake systems market?
Answer: The global air brake systems market is expected to grow with a CAGR of 2.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the air brake systems market?
Answer: The major drivers for this market are augmenting emphasis on road safety regulations, growing need for improved braking efficiency, and rising demand for heavy vehicles in industries such as transportation, logistics, and construction.
Q4. What are the major segments for air brake systems market?
Answer: The future of the air brake systems market looks promising with opportunities in the trucks, bus and rolling stock markets.
Q5. Who are the key air brake systems market companies?
Answer: Some of the key air brake systems companies are as follows:
• Federal-Mogul
• TSE Brakes
• Haldex
• Wabtec Corporation
• SORL Auto Parts
• WABCO
• Meritor
• ZF FRIEDRICHSHAFEN
• KNORR-BREMSE
• Nabtesco Automotive
Q6. Which air brake systems market segment will be the largest in future?
Answer: Lucintel forecasts that air drum brake is expected to witness the higher growth over the forecast period.
Q7. In air brake systems market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the air brake systems market by type (air disc brake and air drum brake), component (compressor, governor, tank, air dryer, foot valve, brake chamber, slack adjuster, and others), vehicle type (trucks, bus, and rolling stock), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Air Brake Systems Market, Air Brake Systems Market Size, Air Brake Systems Market Growth, Air Brake Systems Market Analysis, Air Brake Systems Market Report, Air Brake Systems Market Share, Air Brake Systems Market Trends, Air Brake Systems Market Forecast, Air Brake Systems Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.