Global Automotive Air Brake System Market by Type (Air Disc, Air Drum), By Application (On-Highway Vehicle, Construction & Mining Trucks) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive air brake system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for commercial vehicles across the globe. On the basis of type, the global automotive air brake system market has been segmented into air disc and air drum brakes. Air disc brakes are expected to account for a larger share of the market in terms of value as compared to air drum brakes during the forecast period. This can be attributed to their superior performance as compared to air drum brakes, which results in improved safety and efficiency while braking. 



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Product Definition:

The automotive air brake system is a system of hydraulic brakes that use pressurized air to transmit force to the brake pads. This system is used in most modern cars and trucks, as well as buses and other large vehicles. The automotive air brake system is important because it provides a reliable and consistent way to stop a vehicle.

Air Disc:

Air disc is a device that generates and controls air flow for the purposes of applying the brakes in an automobile. The basic function of any brake system is to reduce speed, however; braking performance depends on various factors such as wheel size, vehicle design, and weather conditions. Air discs are used in automotive air brake systems due to their ability to provide consistent braking force at low cost with small footprint.

Air Drum:

An air drum is a device used to create low-pressure area which acts as an efficient air brake. It is mainly used in automotive applications for preventing vehicles from rolling off the lift or running away. Air drums are also known as parking brakes, and they are of two types: manual and automatic. The manual type requires the operator to apply the footbrake while lifting; whereas, automatic type does not require any further operation after lifting process has been initiated.

Application Insights:

On-highway vehicle application segment accounted for the largest share of over 60% in 2017. Air brake systems are widely used on heavy commercial vehicles, buses, trucks and other similar vehicles to ensure safe and secure braking. The systems act as a safety feature to reduce the speed of the vehicle when traveling downhill or towards a curve, ensuring better control over such vehicles.

Air brake systems are also installed on off-highway Vehicles (OHVs) such as dirt bikes, all-terrain vehicles (ATVs), mini trucks and motorbikes for providing better control while cornering or maneuvering through uneven terrain at high speeds. In addition, these air brake system kits also provide enhanced safety by enabling drivers to apply maximum friction force with minimal pedal effort during emergency situations when tires lose their grip due to skid brakes not working properly due to wet conditions etc., thereby making them ideal for off-road driving applications across various regions globally.

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30.0% in 2017 owing to increasing production and sales of passenger cars and light commercial vehicles in countries such as China, India, Japan, South Korea, and Taiwan. Moreover, rising investments by OEMs are expected to boost product demand across this region during the forecast period.

The European market was valued at USD X billion in 2017 owing to high demand from Germany along with other countries including France and U.K.

Growth Factors:

Increasing demand for commercial vehicles: The global automotive air brake system market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for commercial vehicles. Air brake systems are extensively used in commercial vehicles as they offer superior braking performance as compared to hydraulic brakes.
Stringent safety norms: Stringent safety norms across the globe are driving the adoption of air brake systems in automobiles. For instance, the European Union has mandated that all new passenger cars and light commercial vehicles must be equipped with an electronic stability control (ESC) system from November 2011 onwards. This is likely to boost the demand for air brake systems in Europe during the forecast period.
Technological advancements: The development of advanced technologies such as anti-lock braking system (ABS), traction control system (TCS), and electronic stability control (ESC) is aiding the growth of the automotive air brake system market worldwide. These technologies help improve vehicle safety by preventing skidding and loss of traction, thus reducing accidents on roads..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Air Brake System Market Research Report
By Type
Air Disc, Air Drum
By Application
On-Highway Vehicle, Construction & Mining Trucks
By Companies
Knorr-Bremse, Wabco, Meritor, Haldex, ZF, Wabtec, Nabtesco, TSE Brakes, Tenneco(Federal-Mogul), Sorl Auto Parts, Sealco, Silverbackhd, Fort Garry Industries, Fritec, Aventics, Knott, Tata, MEI Brakes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Air Brake System Market Report Segments:
The global Automotive Air Brake System market is segmented on the basis of:
Types
Air Disc, Air Drum
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
On-Highway Vehicle, Construction & Mining Trucks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Knorr-Bremse
Wabco
Meritor
Haldex
ZF
Wabtec
Nabtesco
TSE Brakes
Tenneco(Federal-Mogul)
Sorl Auto Parts
Sealco
Silverbackhd
Fort Garry Industries
Fritec
Aventics
Knott
Tata
MEI Brakes



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Highlights of The Automotive Air Brake System Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Air Disc
Air Drum
By Application:
On-Highway Vehicle
Construction & Mining Trucks
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Air Brake System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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