Global Air Brake System Market , By Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, Others), Vehicle Type (Rigid Body Truck, Heavy-Duty Truck, Semi-Trailer, Bus, Rolling Stock), Technology (Anti-lock Braking System (ABS), Traction Control System (TCS), Electronic Stability Program or Electronic Stability Control (ESC), Electronic Brake Force Distribution (EBD), Application (On-Road, off-Road Vehicle), Rolling Stock and Locomotive Electro-Pneumatic(EP), Electronically Controlled Pneumatic (ECP), Others) - Industry Trends and Forecast to 2030.
Air Brake System Market Analysis and Size
The rapid urbanization across the globe acts as one of the major factor driving the growth of global air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market.
Global air brake system market was valued at USD 2,235 million in 2022 and is expected to reach USD 5,560 million by 2029, registering a CAGR of 5.7% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Air Brake System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizaable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, Others), Vehicle Type (Rigid Body Truck, Heavy-Duty Truck, Semi-Trailer, Bus, Rolling Stock), Technology (Anti-lock Braking System (ABS), Traction Control System (TCS) , Electronic Stability Program or Electronic Stability Control (ESC), Electronic Brake Force Distribution (EBD), Application (On-Road, off-Road Vehicle), Rolling Stock and Locomotive Electro-Pneumatic(EP), Electronically Controlled Pneumatic (ECP), Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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knorr-Bremse AG (Germany) WABCO (U.S.) Meritor, Inc.(U.S.), Haldex, ZF Friedrichshafen AG (Germany), Wabtec Corporation (U.S.), Nabtesco Automotive Corporation (U.S.), Tenneco Inc (U.S.), SORL Auto Parts, Inc (U.S.), TSE Brakes Inc. (U.S.)
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Market Opportunities
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Market Definition
An air brake, also known as compressed air brake system, refers to a type of friction brake that is designed for vehicles in which the compressed air is applied on a piston. It further applies pressure to the brake pads, and causes the vehicle to stop. Air brakes are extensively utilized in large heavy vehicles, especially those having multiple trailers that must be linked into the brake system.
The rapid urbanization across the globe acts as one of the major factor driving the growth of global air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market. Additionally, rise in vehicle fleet, increase in concerns regarding passenger safety and expansion of automotive sector positively affect the global air brake system market.
Global Air Brake System Market Dynamics
Drivers
- The Rapid Urbanization Across the Globe
The rapid urbanization across the globe acts as one of the major factor driving the growth of global air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market.
Opportunities
- Safety is One of the Major Driving Factor for Advanced Vehicles
In the moving vehicle, once the brake pedal is pressed the pressure is applied to the frictional components near the wheels which then press against each other’s to stop the vehicle. This traditional braking system has some drawbacks, if there is a leak in the braking system which results in partial or complete loss of the braking fluid, the efficiency of the brake drum is significantly reduce or it will completely loss. Air compressor brake systems resolve this traditional issue by offering air by offering special fluid to deliver pressure to the braking components. This air braking system reduce the chance of brake failure due to the avoidance of leaks in the braking system. Nowadays use of air brake system is being made mandatory under many governmental regulation for vehicles exceeding a certain size or carrying passengers for commercial purpose
- Reliability of Air Braking Systems as Compared to Hydraulic Brakes
Air brake systems operates in a different principle with triple valve systems mechanism. In a conventional braking system, the brake is always kept in its own position by default and the brake is applied when brake fluid is compressed. Triple valve system air brake helps activation of brake which is activated state by default and brake released when the vehicle moves in to motion. As a result if there is a leak or even if the compression mechanism totally fails, the brake revert back to their default activated position and the vehicle will stop moving. So in the vehicle system air brake system plays an important role for reliability of the vehicle safety concern.
Restraint/Challenge
- Expensive and Excessive Air Leakage Rate
Higher cost is one of the major concern for air brake system, however this system doesn’t make much difference in small vehicle that requires small hydraulic braking system. On the other hand, cost parameter is a significant factor for large vehicle including heavy duty trucks, semi-trailer and buses, where air brake systems lose out to traditional brake systems. Excessive air leakage rate is another concern for air brake system. Air system loses pressure at a high rate, which lends importance to the rate at which the system builds pressure. A reservoir that losses pressure too quickly not only put strains on the compressor as the same time it can also leave without adequate stopping power when it require the most power. This situation create a large air leakage rate when air brake systems are applied in the vehicle. Leakage rate more than 2 psi/minute indicates that manufactures are likely to give more attention to resolve this current challenge.
Recent Developments
- In January 2021, Dell and Navitas Semiconductor partnered to develop innovative charging technologies based on GaN. Both businesses have joined together to create fresh applications for gallium nitride (GaN)
- In September 2020, Samsung Electronics struck a contract with Verizon as its first client in the United States in order to expand indoor coverage. The current standard for rapid charging is GaN-based wall chargers, which Verizon offers. GaN-based wall chargers are considerably more compact than other types of conventional chargers
- In November 2020, New Gallium Nitride (GaN) Series 120W charging heads from Baseus was available in 45W, 65W, and 120W outputs. Leading the charging business, the company recently unveiled the first 65W triple-port quick charging plug. Up to 100W 20V/5A laptop charging is the primary purpose of the new 120W Gallium Nitride (GaN) Series. Additionally, it supports MacBook, Dell, HP, Lenovo, and more. It can rapidly charge two laptops at once
- In November 2020, With GaN power module evaluation kits such as the 100V Driver GaN DC/DC Power Stage Module, 650V 150A Half-Bridge IPM, 650V 150A Full-Bridge Module and Driver, and 650V 300A 3-Phase Module and Driver, GaN Systems increased the size of the power market. GaN modules have higher system performance and conform to industry standards for footprints
Global Air Brake System Market Scope
The global air brake system market is analyzed and market size, volume information is provided by country, type, component, vehicle type, technology, and application as referenced above. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Air Disc Brake
- Air Drum Brake
Component
- Governor
- Tank
- Air Dryer
- Foot Valve
- Brake Chamber
- Slack Adjuster
- Others
Vehicle Type
- Rigid Body Truck
- Heavy-Duty Truck
- Semi-Trailer
- Bus
- Rolling Stock
Technology
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Program Or Electronic Stability Control (ESC)
- Electronic Brake Force Distribution (EBD)
Application
- On-Road
- Off-Road Vehicle
- Rolling Stock
- Locomotive Electro-Pneumatic(EP)
- Electronically Controlled Pneumatic (ECP)
- Others
Global Air Brake System Market Region Analysis/Insights
The global air brake system market is analyzed and market size, volume information is provided by country, type, component, vehicle type, technology, and application as referenced above.
The regions covered in the global air brake system market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the Global air brake system market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa.
Asia-Pacific is expected to dominate the global air brake system market due to the presence of manufacturers and high production of vehicles within the region.
North America is projected to witness high growth owing to technological advancements in the region. Moreover, the high adoption of electric vehicles coupled with the rapidly expanding semiconductor industry is further estimated to accelerate the expansion over the forecast period 2023-2030.
This global air brake system market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global air brake system market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Competitive Landscape and Global Air Brake System Market Share Analysis
The global air brake system market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global air brake system market.
Some of the major players operating in the global air brake system market are:
- knorr-Bremse AG (Germany)
- WABCO (U.S.)
- Meritor, Inc.(U.S.)
- Haldex 9U.S.)
- ZF Friedrichshafen AG (Germany)
- Wabtec Corporation (U.S.)
- Nabtesco Automotive Corporation (U.S.)
- Tenneco Inc (U.S.)
- SORL Auto Parts, Inc (U.S.)
- TSE Brakes Inc. (U.S.)
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