Market Overview:
The global commercial air brake market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for commercial vehicles, especially in emerging economies such as China and India. Additionally, the increasing focus on safety and security is also driving the demand for air brakes in commercial vehicles. The global commercial air brake market can be segmented on the basis of type into air disc brake and air drum brake. Air disc brakes are expected to witness higher growth during the forecast period as they offer superior braking performance as compared to traditional drum brakes. They are also less prone to wear and tear, which makes them ideal for heavy-duty applications such as trucks and trailers. On the basis of application, the global commercial air brake market can be segmented into heavy trucks and trailers, buses, and others (such as construction equipment). Heavy trucks and trailers are expected to account for a major share of this market owing to their high demand across various regions worldwide.
Product Definition:
A commercial air brake is a device used to stop and hold a vehicle, such as a bus or truck. The brake works by using compressed air to apply pressure to metal discs inside the brake housing. This pressure creates friction, which slows and ultimately stops the vehicle.
Air Disc Brake:
Air disc brake is a new-age technology that has made its presence felt in the market. It is an advanced system, which uses compressed air for braking purposes. The working principle of this system is based on the force of gravity and centrifugal force. Due to these forces, a certain percentage of energy gets dissipated as waste heat during braking operations; hence it's important to reduce this dissipation by using efficient systems such as air disc brakes.
Air Drum Brake:
Air drum brake is a safety device used in automobiles to reduce the speed of vehicles. It is also known as an automotive air brake, vacuum assisted braking system or simply air brake. The working principle of this device is based on the force of compressed air which acts on a piston attached to the rear end of each wheel thereby reducing its speed.
Application Insights:
The heavy trucks and trailers application segment led the global market in 2017. This is attributed to the growing demand for air brakes in this segment. The buses application segment is expected to witness significant growth over the forecast period owing to increasing government investments in public transportation systems across various regions, including North America and Europe.
Air brake systems are widely used on heavy-duty vehicles as they offer improved performance over conventional hydraulic or mechanical retarders employed on such vehicles. These advanced braking systems not only provide better control of trailer payload but also improve overall vehicle control at high speeds, thereby enhancing driver safety during trailer loading and unloading operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing production and sales of commercial vehicles in countries such as China, India, Japan, South Korea, Thailand among others. Moreover, rising investments by governments for improving public transportation systems are anticipated to fuel product demand over the next eight years.
The European market was valued at USD X billion in 2017 owing to growing adoption of air brakes across heavy trucks and buses along with other applications from various countries including Germany, France Italy among others.
Growth Factors:
- Increasing demand for commercial vehicles
- Growing awareness about the benefits of air brakes over traditional brakes
- Rising adoption of air brake systems in developing countries
- Technological advancements in air brake systems
- Growing demand for eco-friendly and fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Air Brake Market Research Report
By Type
Air Disc Brake, Air Drum Brake
By Application
Heavy Trucks and Trailers, Buses, Others
By Companies
Meritor, Haldex, ZF Friedrichshafen, Knorr-Bremse, Wabtec Corporation, Nabtesco Automotive Corporation, Sorl Auto Parts, TSE Brakes, UNO Minda, Aventics (Emerson), MGM Brakes, Sealco, Fritec
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Air Brake Market Report Segments:
The global Commercial Air Brake market is segmented on the basis of:
Types
Air Disc Brake, Air Drum Brake
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
Heavy Trucks and Trailers, Buses, Others
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:
- Meritor
- Haldex
- ZF Friedrichshafen
- Knorr-Bremse
- Wabtec Corporation
- Nabtesco Automotive Corporation
- Sorl Auto Parts
- TSE Brakes
- UNO Minda
- Aventics (Emerson)
- MGM Brakes
- Sealco
- Fritec
Highlights of The Commercial Air Brake 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 Brake
- Air Drum Brake
- By Application:
- Heavy Trucks and Trailers
- Buses
- Others
- 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 Commercial Air Brake 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
Frequently Asked Questions?
Commercial air brakes are a type of braking system used on large, heavy vehicles. They use compressed air to stop the vehicle quickly.
Some of the major players in the commercial air brake market are Meritor, Haldex, ZF Friedrichshafen, Knorr-Bremse, Wabtec Corporation, Nabtesco Automotive Corporation, Sorl Auto Parts, TSE Brakes, UNO Minda, Aventics (Emerson), MGM Brakes, Sealco, Fritec.
The commercial air brake market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Air Brake Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Air Brake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Air Brake Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Air Brake Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Air Brake Market Size & Forecast, 2020-2028
4.5.1 Commercial Air Brake Market Size and Y-o-Y Growth
4.5.2 Commercial Air Brake Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Air Disc Brake
5.2.2 Air Drum Brake
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Heavy Trucks and Trailers
6.2.2 Buses
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Air Brake Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Air Brake Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Air Disc Brake
9.6.2 Air Drum Brake
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Heavy Trucks and Trailers
9.10.2 Buses
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Air Disc Brake
10.6.2 Air Drum Brake
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Heavy Trucks and Trailers
10.10.2 Buses
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Air Disc Brake
11.6.2 Air Drum Brake
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Heavy Trucks and Trailers
11.10.2 Buses
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Air Disc Brake
12.6.2 Air Drum Brake
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Heavy Trucks and Trailers
12.10.2 Buses
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Air Disc Brake
13.6.2 Air Drum Brake
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Heavy Trucks and Trailers
13.10.2 Buses
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Air Brake Market: Competitive Dashboard
14.2 Global Commercial Air Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meritor
14.3.2 Haldex
14.3.3 ZF Friedrichshafen
14.3.4 Knorr-Bremse
14.3.5 Wabtec Corporation
14.3.6 Nabtesco Automotive Corporation
14.3.7 Sorl Auto Parts
14.3.8 TSE Brakes
14.3.9 UNO Minda
14.3.10 Aventics (Emerson)
14.3.11 MGM Brakes
14.3.12 Sealco
14.3.13 Fritec
