Market Overview:
The global passenger air brake market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air brakes in the commercial vehicle segment, owing to their superior performance as compared to traditional brakes. Air disc brakes are expected to witness higher growth rates as compared to air drum brakes, due their superior stopping power and longer life span. Regionally, North America is estimated to account for the largest share of the global passenger air brake market in 2018, followed by Europe and Asia Pacific. The high adoption rate of advanced technologies and stringent safety norms in developed regions are key factors driving market growth in these regions.
Product Definition:
A passenger air brake is a braking system found on most trains and buses. It uses compressed air to push the brake shoes against the train or bus wheels, slowing it down. The passenger air brake is important because it allows trains and buses to stop quickly and safely.
Air Disc Brake:
Air disc brakes are the most advanced type of brake, which is used in combination with a hydraulic system. The basic function of an air disc brake is to reduce the speed of a vehicle by making use of centrifugal force. Air discs are rotors that sit on top of the rotor hub and have friction-less pads that make contact with therotor blade, thereby reducing its speed.
Air Drum Brake:
Air drum brake is a type of air brake which uses the force of compressed air for braking. It is usually used in railway vehicles, such as locomotives and railcars. Air drums are used to slow or stop the vehicle by reducing the speed of rotation of the wheel containing the tire.
Application Insights:
OEMs held around 69.0% share of the global revenue in 2017 owing to extensive use of air passenger brakes by major OEMs including Mercedes, BMW, Audi, Porsche and Volkswagen among others for retrofit applications on their existing vehicle models. The demand for these products is expected to increase as a result of growing concerns over CO2 emissions from vehicles coupled with pressure from environmental groups that have been demanding governments regulate the same.
The market has witnessed growth due to increasing production capacities in China, India and South Korea which are estimated to reach nearly 12 million units per year by 2019.
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 passenger cars, high demand for luxury vehicles, low cost of ownership as well as a rise in disposable income. Moreover, rapid urbanization across emerging countries such as China and India has led to increased travel by roadways which is anticipated to bode well for regional growth.
The North American market was valued at USD X million in 2017 owing to growing vehicle production coupled with an increase in R&D activities by major companies pertaining towards development of new air brakes systems. Europe also held a significant share due mainly on higher demand from replacement or upgrading old vehicles along with rising automotive industry aftermarket sales volume per year over the past few years.
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is due to the growth in the economy and the rise in disposable income of people.
- Expansion of airline networks: Airlines are expanding their networks to new destinations, which is resulting in an increase in the demand for air brakes.
- Introduction of new aircraft models: Aircraft manufacturers are introducing new aircraft models with advanced features, which is contributing to the growth of the passenger air brake market.
- Development of high-performance brake systems: Air brake manufacturers are developing high-performance brake systems that offer improved braking performance and reduced stopping distances. This is helping them gain a larger share in the passenger air brake market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Air Brake Market Research Report
By Type
Air Disc Brake, Air Drum Brake
By Application
OEM, Aftermarket
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Air Brake Market Report Segments:
The global Passenger 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
OEM, Aftermarket
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 Passenger 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:
- OEM
- Aftermarket
- 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 Passenger 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
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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?
Passenger air brake is a system that uses compressed air to slow or stop a vehicle.
Some of the major players in the passenger 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 passenger 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 Passenger 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 Passenger Air Brake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger 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 Passenger 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 Passenger Air Brake Market Size & Forecast, 2020-2028
4.5.1 Passenger Air Brake Market Size and Y-o-Y Growth
4.5.2 Passenger 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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger 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 Passenger 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 OEM
9.10.2 Aftermarket
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 OEM
10.10.2 Aftermarket
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 OEM
11.10.2 Aftermarket
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 OEM
12.10.2 Aftermarket
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 OEM
13.10.2 Aftermarket
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 Passenger Air Brake Market: Competitive Dashboard
14.2 Global Passenger 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
