Global Automotive Floor Carpet Market Report and Forecast 2024-2032

Global Automotive Floor Carpet Market Report and Forecast 2024-2032

Global Automotive Air Brake System Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global automotive air brake system market is projected to grow at a CAGR of 3.10% between 2024 and 2032. Aided by the escalating need for advanced safety systems in heavy vehicles and the expanding fleet of commercial vehicles worldwide, the market is expected to grow significantly by 2032.

The automotive air brake system, predominantly found in buses, trucks, and other heavy-duty vehicles, uses compressed air as a medium to transmit pressure from the driver's control to the service brake. This system ensures efficient halting of heavy vehicles, plays a paramount role in averting road mishaps, and upholds the vehicle's structural integrity during sudden stops. In addition to their primary function, these systems offer better stability, longevity, and performance, especially under demanding conditions, compared to their hydraulic counterparts.

A notable catalyst driving the global automotive air brake system market growth is the heightened emphasis on vehicular safety, both from regulatory bodies and consumers. As the weight and size of a vehicle increase, the efficacy and reliability of its braking system become paramount. Air brake systems, with their enhanced stopping power and reduced chances of failures, are becoming a staple in heavy vehicles, leading to an augmented demand globally.

According to the automotive air brake system market analysis, the burgeoning commercial sector, especially in developing economies, has led to a surge in transportation activities. This has subsequently resulted in a growing fleet of commercial vehicles, further stimulating the need for reliable and efficient brake systems like the automotive air brake system.

The evolution of smart transportation solutions and the integration of advanced driver assistance systems (ADAS) have further heightened the automotive air brake system market demand. The modern iterations of these systems are increasingly getting integrated with sensors and electronic modules, enabling features like autonomous emergency braking, especially for heavy commercial vehicles.

Furthermore, with the rise in eco-conscious transport solutions, there's a discernible shift towards creating air brake systems that are environmentally friendly. Recent advancements have led to the development of systems that minimise air pollution due to brake dust and decrease the overall carbon footprint.

Market Segmentation

The market can be divided based on brake type, vehicle type, component, and region.

Market Breakup by Brake Type

• Air Drum Brake
• Air Disc Brake

Market Breakup by Vehicle Type

• Rigid Body Truck
• Heavy-duty Track
• Semi-Trailer
• Bus

Market Breakup by Component

• Compressor
• Governor
• Storage Tank
• Air Dryer
• Foot Valve
• Brake Chamber
• Slake Adjuster

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive air brake system market. Some of the major players explored in the report by Expert Market Research are as follows:

• Knorr-Bremse AG
• Meritor Inc.
• Haldex AB
• SORL Auto Parts, Inc
• ZF Friedrichshafen AG (ZF Wabco)
• Nabtesco Automotive Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.