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Air Brake System Market by Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, and Others), and Vehicle Type (Trucks, Bus, and Rolling Stock): Global Opportunity Analysis and Industry Forecast, 2018–2026

A05228
Pages: 243
Dec 2019 | 3003 Views
 
Author(s) : Abhay Singh , Supradip Baul
Tables: 97
Charts: 77
 

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Air Brake System Market Outlook: 2026

The global air brake system market was valued at $4.81 billion in 2018, and is projected to reach $6.6 billion by 2026, registering a CAGR of 4.4%. North America was the highest revenue contributor, accounting for $2.03 billion in 2018, and is estimated to reach $2.70 billion by 2026, with a CAGR of 4.1%. Asia-Pacific is estimated to reach $2.5 billion by 2026, at a significant CAGR of 5.4%. North America and Asia-Pacific collectively accounted for around 77.4% share in 2018, with the former constituting around 42.2% share. Asia-Pacific and North America are expected to witness considerable CAGRs of 5.4% and 4.1%, respectively, during the forecast period. The cumulative share of these two segments was 77.4% in 2018, and is anticipated to reach 78.9% by 2026.                    

An air brake or a compressed air brake system is a type of friction brake designed for vehicles in which the compressed air is applied on a piston, which further applies pressure to the brake pads, thereby causing the vehicle to stop. Air brakes are used in large heavy vehicles, particularly those having multiple trailers, which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers, in addition to their use in railroad trains. 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 which leads to a significant growth of the air brake system market across the globe.

Air Brake System Market

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The air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston applies pressure in the brake to stop a vehicle. 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 systems that are commonly available in the 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 thereby causing a significant demand of air brakes eventually boosting the air brake system industry. The increased demand for air brakes has positively impacted the market thereby increasing the air brake system market size across the globe.

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 production 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 air brake system market growth. 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 market thereby increasing the air brake system market size.

The global air brake system market is segmented based on type, component, vehicle type, and region. Based on type, the market is categorized into air disc brake and air drum brake. Based on component, it is divided into compressor, governor, tank, air dryer, foot valve, brake chamber, and slack adjuster. Based on vehicle type, the market is bifurcated into truck, bus and rolling stock. By region, the air brake system market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.

Air Brake System Market
By Type

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Air Drum Brake is projected as the most lucrative segments

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Key players including Knorr-Bremse, Wabco, Meritor, Haldex, ZF Friedrichshafen AG, Wabtec, Nabtesco, TSE Brakes, Federal-Mogul Sorl Auto Parts and others account for a major air brake system market share.

Increase in Sales & Production of Commercial Vehicles and Off-Highway Trucks

Advancements in technology along with the advent of automation in automobiles, have increased the demand for vehicles equipped with better & advanced safety features. This has led the vehicle manufacturers across the globe to develop vehicles that are equipped with the latest technology. With surge in demand for transportation through vehicles and rise in urbanization, the demand for commercial vehicle and off- highway trucks has increased. This has led the component manufacturers across the globe to develop better and long lasting components such as air brakes to be equipped in vehicles, thereby ensuring longer life and safety. Thus the increase in the sales & production of commercial vehicles and off-highway trucks is expected to boost the growth of the air brake system market during the forecast period.

Air Brake System Market
By Component

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Tank is projected as the most lucrative segments

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Increased production of railways and high-speed trains

With the advancements in technology and the introduction of automation in the railway industry, the demand for better and advanced safety components has increased. This has led the manufacturers to develop new and advanced components such as braking system, which are effective in the railways and high speed trains for ensuring safety and maintaining control over the vehicle. Governments across the globe have taken initiatives for the betterment and advancement of the railways eventually leading to the increase in the count. Thus, the increased number of railways and high-speed trains has led to the growth of market during the forecast period. 

Air Brake System Market
By Application

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Rolling Stock is projected as the most lucrative segments

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High Cost of Air Brakes over Hydraulic Brakes

Brakes used in an automobile ensure the safety of the vehicle while driving and the air braking system is more efficient to avoid mishap to the vehicle as compared to any other braking system. At the same time, they are considered costlier as compared to the hydraulic brakes due to the difference in architecture of the air brake system and the hydraulic brakes. Also, components such as compressors, diaphragm and others, used in air brakes are costlier in case of replacement. This eventually increases the cost of the air brakes as compared to hydraulic brakes. Hence, high cost of air brakes over hydraulic brakes is anticipated to hamper the air brake system market during the forecast period.

Air Brake System Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 5.4% during 2019-2026.

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Regulations Related to Load Carrying Capacity and Mandates on Air Brakes Installation

The increased transportation of goods by means of roads has led vehicle manufacturers to increase the load carrying capacity of the vehicles. Thus the governments across the globe have made rules and regulations for the load carrying capacity of the vehicle, thereby ensuring the safety and security while driving. For instance, the Indian government has increased the load carrying capacity of heavy vehicle by 20%-25% besides scrapping the mandatory annual renewal of fitness certificates for freight carriers. Also, the government has mandated the use of air brakes in the vehicle for ensuring the safety while driving, which has led to the growth of the market. Thus, the regulations related to load carrying capacity and mandates on air brakes are anticipated to provide numerous opportunities for the air brakes system market during the forecast period. 

Key Benefits for Air Brake System Market :

  • This study presents the analytical depiction of the global air brake system market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall air brake system market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global air brake system market with a detailed impact analysis.
  • The current air brake system market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Air Brake System 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
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top impacting factors
3.2.2.    Top investment pockets
3.2.3.    Top winning strategies

3.3.    Porter’s five forces analysis
3.4.    Market Share Analysis (2018)
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Increase in Sales & Production of Commercial Vehicles and Off-Highway Trucks
3.5.1.2.    Increased Railways and High-Speed Trains

3.5.2.    Restraint

3.5.2.1.    High Cost of Air Brakes Over Hydraulic Brakes
3.5.2.2.    Increasing Focus on Electric Trucks and Buses

3.5.3.    Opportunities

3.5.3.1.    Regulations Related to Load Carrying Capacity and Mandates on Air Brakes Installation

CHAPTER 4:    MARKET NAME, BY TYPE

4.1.    Overview
4.2.    Air Disc Brake

4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market analysis by country

4.3.    Air Drum brake

4.3.1.    Key market trends, growth factors, and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market analysis by country

CHAPTER 5:    MARKET NAME, BY COMPONENT

5.1.    Overview
5.2.    Compressor

5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market analysis by country

5.3.    Governor

5.3.1.    Key market trends, growth factors, and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market analysis by country

5.4.    Tank

5.4.1.    Key market trends, growth factors, and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market analysis by country

5.5.    Air dryer

5.5.1.    Key market trends, growth factors, and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market analysis by country

5.6.    Foot valve

5.6.1.    Key market trends, growth factors, and opportunities
5.6.2.    Market size and forecast, by region
5.6.3.    Market analysis by country

5.7.    Brake chamber

5.7.1.    Key market trends, growth factors, and opportunities
5.7.2.    Market size and forecast, by region
5.7.3.    Market analysis by country

5.8.    Slack adjuster

5.8.1.    Key market trends, growth factors, and opportunities
5.8.2.    Market size and forecast, by region
5.8.3.    Market analysis by country

5.9.    Others

5.9.1.    Key market trends, growth factors, and opportunities
5.9.2.    Market size and forecast, by region
5.9.3.    Market analysis by country

CHAPTER 6:    MARKET NAME, BY VEHICLE TYPE

6.1.    Overview
6.2.    Trucks

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by region
6.2.3.    Market analysis by country

6.3.    Bus

6.3.1.    Key market trends, growth factors, and opportunities
6.3.2.    Market size and forecast, by region
6.3.3.    Market analysis by country

6.4.    Rolling Stock

6.4.1.    Key market trends, growth factors, and opportunities
6.4.2.    Market size and forecast, by region
6.4.3.    Market analysis by country

CHAPTER 7:    MARKET NAME, BY REGION

7.1.    Overview
7.2.    North America

7.2.1.    Key market trends, growth factors, and opportunities
7.2.2.    Market size and forecast, by type
7.2.3.    Market size and forecast, by component
7.2.4.    Market size and forecast, by vehicle type
7.2.5.    Market analysis by country

7.2.5.1.    U.S.

7.2.5.1.1.    Market size and forecast, by type
7.2.5.1.2.    Market size and forecast, by component
7.2.5.1.3.    Market size and forecast, by vehicle type

7.2.5.2.    Canada

7.2.5.2.1.    Market size and forecast, by type
7.2.5.2.2.    Market size and forecast, by component
7.2.5.2.3.    Market size and forecast, by vehicle type

7.2.5.3.    Mexico

7.2.5.3.1.    Market size and forecast, by type
7.2.5.3.2.    Market size and forecast, by component
7.2.5.3.3.    Market size and forecast, by vehicle type

7.3.    Europe

7.3.1.    Key market trends, growth factors, and opportunities
7.3.2.    Market size and forecast, by type
7.3.3.    Market size and forecast, by component
7.3.4.    Market size and forecast, by vehicle type
7.3.5.    Market analysis by country

7.3.5.1.    Germany

7.3.5.1.1.    Market size and forecast, by type
7.3.5.1.2.    Market size and forecast, by component
7.3.5.1.3.    Market size and forecast, by vehicle type

7.3.5.2.    France

7.3.5.2.1.    Market size and forecast, by type
7.3.5.2.2.    Market size and forecast, by component
7.3.5.2.3.    Market size and forecast, by vehicle type

7.3.5.3.    Italy

7.3.5.3.1.    Market size and forecast, by type
7.3.5.3.2.    Market size and forecast, by component
7.3.5.3.3.    Market size and forecast, by vehicle type

7.3.5.4.    UK

7.3.5.4.1.    Market size and forecast, by type
7.3.5.4.2.    Market size and forecast, by component
7.3.5.4.3.    Market size and forecast, by vehicle type

7.3.5.5.    Rest of Europe

7.3.5.5.1.    Market size and forecast, by type
7.3.5.5.2.    Market size and forecast, by component
7.3.5.5.3.    Market size and forecast, by vehicle type

7.4.    Asia-Pacific

7.4.1.    Key market trends, growth factors, and opportunities
7.4.2.    Market size and forecast, by type
7.4.3.    Market size and forecast, by component
7.4.4.    Market size and forecast, by vehicle type
7.4.5.    Market analysis by country

7.4.5.1.    Japan

7.4.5.1.1.    Market size and forecast, by type
7.4.5.1.2.    Market size and forecast, by component
7.4.5.1.3.    Market size and forecast, by vehicle type

7.4.5.2.    China

7.4.5.2.1.    Market size and forecast, by type
7.4.5.2.2.    Market size and forecast, by component
7.4.5.2.3.    Market size and forecast, by vehicle type

7.4.5.3.    India

7.4.5.3.1.    Market size and forecast, by type
7.4.5.3.2.    Market size and forecast, by component
7.4.5.3.3.    Market size and forecast, by vehicle type

7.4.5.4.    South Korea

7.4.5.4.1.    Market size and forecast, by type
7.4.5.4.2.    Market size and forecast, by component
7.4.5.4.3.    Market size and forecast, by vehicle type

7.4.5.5.    Rest of Asia-Pacific

7.4.5.5.1.    Market size and forecast, by type
7.4.5.5.2.    Market size and forecast, by component
7.4.5.5.3.    Market size and forecast, by vehicle type

7.5.    LAMEA

7.5.1.    Key market trends, growth factors, and opportunities
7.5.2.    Market size and forecast, by type
7.5.3.    Market size and forecast, by component
7.5.4.    Market size and forecast, by vehicle type
7.5.5.    Market analysis by country

7.5.5.1.    Latin America

7.5.5.1.1.    Market size and forecast, by type
7.5.5.1.2.    Market size and forecast, by component
7.5.5.1.3.    Market size and forecast, by vehicle type

7.5.5.2.    Middle-East

7.5.5.2.1.    Market size and forecast, by type
7.5.5.2.2.    Market size and forecast, by component
7.5.5.2.3.    Market size and forecast, by vehicle type

7.5.5.3.    Africa

7.5.5.3.1.    Market size and forecast, by type
7.5.5.3.2.    Market size and forecast, by component
7.5.5.3.3.    Market size and forecast, by vehicle type

CHAPTER 8:    COMPANY PROFILES

8.1.    KNORR-BREMSE AG

8.1.1.    Company overview
8.1.2.    Company snapshot
8.1.3.    Operating business segments
8.1.4.    Product portfolio
8.1.5.    Business performance
8.1.6.    Key strategic moves and developments

8.2.    Federal-Mogul

8.2.1.    Company overview
8.2.2.    Company snapshot
8.2.3.    Operating business segments
8.2.4.    Business performance

8.3.    WABCO

8.3.1.    Company overview
8.3.2.    Company snapshot
8.3.3.    Operating business segments
8.3.4.    Business performance
8.3.5.    Key strategic moves and developments

8.4.    Meritor, Inc.

8.4.1.    Company overview
8.4.2.    Company snapshot
8.4.3.    Operating business segments
8.4.4.    Business performance
8.4.5.    Key strategic moves and developments

8.5.    Haldex Inc.

8.5.1.    Company overview
8.5.2.    Company snapshot
8.5.3.    Operating business segments
8.5.4.    Business performance
8.5.5.    Key strategic moves and developments

8.6.    ZF FRIEDRICHSHAFEN AG

8.6.1.    Company overview
8.6.2.    Company snapshot
8.6.3.    Operating business segments
8.6.4.    Product portfolio
8.6.5.    Business performance

8.7.    Wabtec Corporation

8.7.1.    Company overview
8.7.2.    Company snapshot
8.7.3.    Operating business segments
8.7.4.    Business performance

8.8.    Nabtesco Automotive Corporation

8.8.1.    Company overview
8.8.2.    Company snapshot
8.8.3.    Operating business segments
8.8.4.    Business performance

8.9.    TSE Brakes Inc.

8.9.1.    Company overview
8.9.2.    Company snapshot
8.9.3.    Key strategic moves and developments

8.10.    SORL Auto Parts, Inc.

8.10.1.    Company overview
8.10.2.    Company snapshot
8.10.3.    Operating business segments
8.10.4.    Business performance

LIST OF TABLES

TABLE 01.    GLOBAL AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 02.    AIR BRAKE SYSTEM MARKET REVENUE FOR AIR DISC BRAKE, BY REGION 2018–2026 ($MILLION)
TABLE 03.    AIR BRAKE SYSTEM MARKET REVENUE FOR AIR DRUM BRAKE, BY REGION 2018–2026 ($MILLION)
TABLE 04.    GLOBAL MARKET NAME, BY COMPONENT, 2018-2026($MILLION)
TABLE 05.    AIR BRAKE SYSTEM MARKET REVENUE FOR COMPRESSOR, BY REGION 2018-2026 ($MILLION)
TABLE 06.    AIR BRAKE SYSTEM MARKET REVENUE FOR GOVERNOR, BY REGION 2018-2026 ($MILLION)
TABLE 07.    AIR BRAKE SYSTEM MARKET REVENUE FOR TANK, BY REGION 2018–2026 ($MILLION)
TABLE 08.    AIR BRAKE SYSTEM MARKET REVENUE FOR AIR DRYER, BY REGION 2018–2026 ($MILLION)
TABLE 09.    AIR BRAKE SYSTEM MARKET REVENUE FOR FOOT VALVE, BY REGION 2018–2026 ($MILLION)
TABLE 10.    AIR BRAKE SYSTEM MARKET REVENUE FOR BRAKE CHAMBER, BY REGION 2018–2026  ($MILLION)
TABLE 11.    AIR BRAKE SYSTEM MARKET REVENUE FOR SLACK ADJUSTER, BY REGION 2018–2026  ($MILLION)
TABLE 12.    AIR BRAKE SYSTEM MARKET REVENUE FOR OTHERS, BY REGION 2018–2026  ($MILLION)
TABLE 13.    GLOBAL AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 14.    AIR BRAKE SYSTEM MARKET REVENUE FOR TRUCKS, BY REGION 2018–2026 ($MILLION)
TABLE 15.    AIR BRAKE SYSTEM MARKET REVENUE FOR BUS, BY REGION 2018–2026 ($MILLION)
TABLE 16.    AIR BRAKE SYSTEM MARKET REVENUE FOR ROLLING STOCK, BY REGION 2018–2026 ($MILLION)
TABLE 17.    NORTH AMERICA AIR BRAKE SYSTEM MAREKT, BY TYPE, 2018–2026 ($MILLION)
TABLE 18.    NORTH AMERICA AIR BRAKES SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 19.    NORTH AMERICA AIR BRAKES SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 20.    U. S. AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 21.    U. S. AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 22.    U.S. AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 23.    CANADA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 24.    CANADA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 25.    CANADA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 26.    MEXICO AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 27.    MEXICO AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 28.    MEXICO AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 29.    EUROPE AIR BRAKE SYSTEM MAREKT, BY TYPE, 2018–2026 ($MILLION)
TABLE 30.    EUROPE AIR BRAKES SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 31.    EUROPE AIR BRAKES SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 32.    GERMANY AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 33.    GERMANY AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 34.    GERMANY AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 35.    FRANCE AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 36.    FRANCE AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 37.    FRANCE AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 38.    ITALY AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 39.    ITALY AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 40.    ITALY AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 41.    UK AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 42.    UK AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 43.    UK AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 44.    REST OF EUROPE AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 45.    REST OF EUROPE AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 46.    REST OF EUROPE AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 47.    ASIA-PACIFIC AIR BRAKE SYSTEM MAREKT, BY TYPE, 2018–2026 ($MILLION)
TABLE 48.    ASIA-PACIFIC AIR BRAKES SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 49.    ASIA-PACIFIC AIR BRAKES SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 50.    JAPAN AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 51.    JAPAN AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 52.    JAPAN AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 53.    CHINA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 54.    CHINA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 55.    CHINA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 56.    INDIA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 57.    INDIA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 58.    INDIA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 59.    SOUTH KOREA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 60.    SOUTH KOREA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 61.    SOUTH KOREA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 62.    REST OF ASIA-PACIFIC AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 63.    REST OF ASIA-PACIFIC AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 64.    REST OF ASIA-PACIFIC AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 65.    LAMEA AIR BRAKE SYSTEM MAREKT, BY TYPE, 2018–2026 ($MILLION)
TABLE 66.    LAMEA AIR BRAKES SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 67.    LAMEA AIR BRAKES SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 68.    LATIN AMERICA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 69.    LATIN AMERICA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 70.    LATIN AMERICA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 71.    MIDDLE-EAST AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 72.    MIDDLE-EAST AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 73.    MIDDLE-EAST AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 74.    AFRICA AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 75.    AFRICA AIR BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 76.    AFRICA AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 ($MILLION)
TABLE 77.    KNORR-BREMSE AG: COMPANY SNAPSHOT
TABLE 78.    KNORR-BREMSE AG: OPERATING SEGMENTS
TABLE 79.    KNORR-BREMSE AG: PRODUCT PORTFOLIO
TABLE 80.    FEDERAL-MOGUL : COMPANY SNAPSHOT
TABLE 81.    FEDERAL-MOGUL (TENNECO): OPERATING SEGMENTS
TABLE 82.    WABCO: SNAPSHOT
TABLE 83.    WABCO: OPERATING SEGMENTS
TABLE 84.    MERITOR, INC.: SNAPSHOT
TABLE 85.    MERITOR, INC.: OPERATING SEGMENTS
TABLE 86.    HALDEX INC.: COMPANY SNAPSHOT
TABLE 87.    HALDEX INC.: OPERATING SEGMENTS
TABLE 88.    ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
TABLE 89.    ZF FRIEDRICHSHAFEN AG: OPERATING SEGMENTS
TABLE 90.    ZF FRIEDRICHSHAFEN AG: PRODUCT PORTFOLIO
TABLE 91.    WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 92.    WABTEC CORPORATION: OPERATING SEGMENTS
TABLE 93.    NABTESCO AUTOMOTIVE CORPORATION: COMPANY SNAPSHOT
TABLE 94.    NABTESCO AUTOMOTIVE CORPORATION: OPERATING SEGMENTS
TABLE 95.    TSE BRAKES INC.: COMPANY SNAPSHOT
TABLE 96.    SORL AUTO PARTS, INC.: COMPANY SNAPSHOT
TABLE 97.    SORL AUTO PARTS, INC.: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    EXECUTIVE SUMMARY
FIGURE 04.    TOP IMPACTING FACTORS
FIGURE 05.    TOP INVESTMENT POCKETS
FIGURE 06.    TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 07.    TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 08.    TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 09.    MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.    MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.    MODERATE THREAT OF SUBSTITUTES
FIGURE 12.    HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.    MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.    MARKET SHARE ANALYSIS (2018)
FIGURE 15.    GLOBAL AIR BRAKE SYSTEM MARKET, BY TYPE, 2018–2026 (%)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR AIR DISC BRAKE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR AIR DRUM BRAKE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18.    GLOBAL MARKET NAME, BY COMPONENT, 2018 & 2026 (%)
FIGURE 19.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR COMPRESSOR, BY COUNTRY, 2018 & 2026 (%)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR GOVERNOR, BY COUNTRY, 2018 & 2026 (%)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR TANK, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR AIR DRYER, BY COUNTRY, 2018 & 2026 (%)
FIGURE 23.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR FOOT VALVE, BY COUNTRY, 2018 & 2026 (%)
FIGURE 24.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR BRAKE CHAMBER, BY COUNTRY, 2018 & 2026 (%)
FIGURE 25.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR SLACK ADJUSTER, BY COUNTRY, 2018 & 2026 (%)
FIGURE 26.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 27.    GLOBAL AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2026 (%)
FIGURE 28.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR TRUCKS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 29.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR BUS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 30.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COUNTRY, 2018 & 2026 (%)
FIGURE 31.    AIR BRAKE SYSTEM MARKET, BY REGION, 2018-2026 (%)
FIGURE 32.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKES SYSTEM MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 33.    U. S. AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 34.    CANADA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 35.    MEXICO AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 36.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKES SYSTEM MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 37.    GERMANY AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 38.    FRANCE AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 39.    ITALY AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 40.    UK AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 41.    REST OF EUROPE AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 42.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKES SYSTEM MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 43.    JAPAN AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 44.    CHINA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 45.    INDIA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 46.    SOUTH KOREA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 47.    REST OF ASIA-PACIFIC AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 48.    COMPARATIVE SHARE ANALYSIS OF AIR BRAKES SYSTEM MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 49.    LATIN AMERICA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 50.    MIDDLE-EAST AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 51.    AFRICA AIR BRAKE SYSTEM MARKET, 2018–2026 ($MILLION)
FIGURE 52.    KNORR-BREMSE AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 53.    KNORR-BREMSE AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54.    KNORR-BREMSE AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.    KNORR-BREMSE AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 56.    KNORR-BREMSE AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.    KNORR-BREMSE AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58.    WABCO: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.    WABCO: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 60.    WABCO: REVENUE, BY REGION, 2018 (%)
FIGURE 61.    MERITOR, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 62.    MERITOR, INC.: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 63.    MERITOR, INC.: REVENUE, BY REGION, 2018 (%)
FIGURE 64.    HALDEX INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 65.    HALDEX INC.: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 66.    HALDEX INC.: REVENUE, BY REGION, 2018 (%)
FIGURE 67.    ZF FRIEDRICHSHAFEN AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 68.    ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 69.    ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 70.    WABTEC CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 71.    WABTEC CORPORATION: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 72.    WABTEC CORPORATION: REVENUE, BY REGION, 2018 (%)
FIGURE 73.    NABTESCO AUTOMOTIVE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 74.    NABTESCO AUTOMOTIVE CORPORATION: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 75.    NABTESCO AUTOMOTIVE CORPORATION: REVENUE, BY REGION, 2018 (%)
FIGURE 76.    SORL AUTO PARTS, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 77.    SORL AUTO PARTS, INC.: REVENUE, BY BUSINESS SEGMENT, 2018 (%)

 
 

Air brake systems are a crucial component in the safety of the vehicle while driving. They are responsible for controlling the running of the vehicle on the road thereby maintaining traction on the road. They are 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. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers, in addition to their use in railroad trains. 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 systems that are commonly available in the market, namely, the air disc brake and the air drum brake. The air brake system is integrated in heavy as well as commercial vehicles to apply a more massive brake effort. The increased demand for air brakes has positively impacted the air brake system market.

Factors such as increase in production and sales of commercial vehicles and off-highway trucks along with the increased count of railway and high speed trains production are driving the growth of the 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.

Among the analyzed regions, currently, North America is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Asia-Pacific, Europe, and LAMEA. 
 

 

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