Air Brake System Market 2020 Global Industry Analysis by Type, Component, Size, Share, Company Overview, Growth and Forecast Till 2026

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

The Global Air Brake System Market is expected to grow at a CAGR of 4.4% during the forecast period 2019-2026. As per the analysis, the global market generated a revenue of $4.81 billion in the year 2018 and the market is expected to reach $6.59 billion by the end of the year 2026.

The global air brake system market is driven by various growth drivers such as increase in production and sales of off-highway trucks and commercial vehicles, and boost in number of railways & high-speed trains. However, high cost of air brakes and increase in focus on buses and electric trucks hamper the market growth over the forecast period. Whereas, strict regulations considering load carrying capacity and compulsion of air brakes installation create novel opportunities for the market growth.

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Additionally, growth in urban population through urbanization and other related factors, the regions are continuously witnessing the boost in demand for affordable and convenient means of transport. These mentioned factors support the demand of high-speed trains and other types that are equipped with air brakes. The technology is highly adopted in high-speed trains owing to their low usage of oil in the actuation system and fail-safe mechanisms. Hence, the infrastructural development and increased funding in smart cities development influence the demand of air brake systems and that in turn will boost the market growth.

Segmentation Overview of the Global Air Brake System Market

The Global Air Brake System Market is segmented on the basis of type, component, rolling stock type, and vehicle type segment. These segments are further categorized into sub-segments to study the market in detail.

Type Segment of the Global Air Brake System Market is Sub-Segmented into:

  • Air Disc Brake
  • Air Drum Brake

Component Segment of the Global Air Brake System Market is Sub-Segmented into:

  • Slack Adjuster
  • Brake Chamber
  • Foot Valve
  • Air Dryer
  • Tank
  • Governor
  • Compressor
  • Others

Vehicle Type Segment of the Global Air Brake System Market is Sub-Segmented into:

  • Rolling Stock
  • Bus
  • Truck

Geographic Overview of the Global Air Brake System Market

On the basis of geographical segmentation, the global air brake system market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Turkey, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, ASEAN and rest of Asia-pacific), and LAMEA (Latin America, the Middle East, and Africa).

As per the analysis, North America dominate the global air brake system market by accounting for more than two-fifths of the market share in the global market in the year 2018, and the region is expected to continue the dominance over the forecast period. The regional dominance is reported due to rapid adoption of advanced technology coupled with continuous development in the air brake systems. Whereas, the APAC region accounted as the fastest growing region over the forecast period, and expected to grow at a fastest CAGR of ~5.4% during the forecast period 2019-2026, the regional growth is due to increased adoption of air brakes in vehicles and growth in transportation system with enhanced security and efficient safety.

Key Players Insights

Federal-Mogul Sorl Auto Parts, TSE Brakes, Nabtesco, Wabtec, ZF Friedrichshafen AG, Haldex, Meritor, Wabco and Knorr-Bremse are some major players included in the research study of the Global Air Brake System Market. The companies are adopting various competitive strategies to withhold the market position and acquire majority of the market share for the long-term.

Key Topics Covered

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

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source:https://www.marketwatch.com/press-release/air-brake-system-market-2020-global-industry-analysis-by-type-component-size-share-company-overview-growth-and-forecast-till-2026-2020-03-04