Global Air Brake System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Air Brake System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers.

According to our (Global Info Research) latest study, the global Air Brake System market size was valued at US$ 4327 million in 2023 and is forecast to a readjusted size of USD 4882 million by 2030 with a CAGR of 1.8% during review period.

Global air brake system main players include Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive, Sorl Auto Parts, Aventics (Emerson), Tenneco (Federal-Mogul), MGM Brakes, Sealco, TSE Brakes, Fritec, etc., totally accounting for about 62%. Asia-Pacific is the largest market, with a share over 56%. As for the types of products, it can be divided into air disc brake and air drum brake. Air disc brake is the largest segment, holding a share over 79%. In terms of application, it can be divided into heavy trucks and trailers, buses and others. Heavy trucks and trailers is the largest segment, with a share over 63%.

This report is a detailed and comprehensive analysis for global Air Brake System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Air Brake System market size and forecasts, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2019-2030

Global Air Brake System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2019-2030

Global Air Brake System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Unit), and average selling prices (USD/Unit), 2019-2030

Global Air Brake System market shares of main players, shipments in revenue ($ Million), sales quantity (M Unit), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Air Brake System

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Air Brake System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive, Sorl Auto Parts, Aventics (Emerson), Tenneco (Federal-Mogul), MGM Brakes, Sealco, TSE Brakes, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Air Brake System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Air Disc Brake
Air Drum Brake

Market segment by Application
Heavy Trucks and Trailers
Buses
Others

Major players covered
Knorr-Bremse
Wabco
Haldex
Nabtesco-Automotive
Sorl Auto Parts
Aventics (Emerson)
Tenneco (Federal-Mogul)
MGM Brakes
Sealco
TSE Brakes
Fritec

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Air Brake System product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Air Brake System, with price, sales quantity, revenue, and global market share of Air Brake System from 2019 to 2024.

Chapter 3, the Air Brake System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Air Brake System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Air Brake System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Air Brake System.

Chapter 14 and 15, to describe Air Brake System sales channel, distributors, customers, research findings and conclusion.