Global Air Disc Brakes (ADB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Air Disc Brakes (ADB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Air disc brakes are often referred to as ADB. They offer an alternate option to the drum braking system. This self-adjusting braking force is proportional to the pressure placed on the brake pad, which gives the driver a better feel and decreases the chances of lockup.

Market Overview:

The latest research study on the global Air Disc Brakes (ADB) market finds that the global Air Disc Brakes (ADB) market reached a value of USD 2188.11 million in 2022. It’s expected that the market will achieve USD 2938.99 million by 2028, exhibiting a CAGR of 5.04% during the forecast period.

Market Drivers and Opportunities

The air brake system market is divided into drum brakes and disc brakes according to the brake type. Air disc brakes have better heat dissipation than air drum brakes. Even if the brake is continuously applied, brake loss or deterioration will not occur. Adjusting the size of the brake disc after heating will not increase the movement of the brake pedal. The disc brake mechanism responds quickly and can perform high-frequency braking operations, which is more suitable for the requirements of ABS mechanisms. With the smoothness of the brake disc drain device, poor braking due to water or dust can be reduced. Compared with disc brakes, the braking efficiency and heat dissipation of drum brakes are much worse, and the braking force stability of drum brakes is poor. The braking force varies greatly on different roads and is not easy to control. Moreover, due to poor heat dissipation, the drum brake has thermal degradation. With the development of material and the reduction of costs and the benefits of air disc brakes, the demand for air disc brakes has increased, thereby driving the market growth.

Market Risk and Challenges

Higher prices are one of the main problems for the air disc brake. For example, air disc brakes' higher upfront cost-anywhere from $800 to $1,200 per axle more than drum brakes-and some companies' comfort with the simplicity and lower cost of drum brakes remain high hurdles for broader adoption. Moreover, in addition to the installation cost, the maintenance cost of air disc brakes is also higher. In the case of replacement, parts such as compressors, diaphragms, and others used in air brakes are more costly.

In many developing regions, the auto industry started late and lags more seriously in the manufacture of auto parts. Because many local companies use poorer materials for production, for example, the material of the friction plate is not up to the level of international products and cannot achieve the desired performance. In addition, some air disc brakes in developing regions are still far behind European and American brands in detail and processing accuracy, such as relatively poor concentricity, which may cause poor stability of disc brakes. Due to the technological gap among the products, the failure rate of local ADB products in some areas with complicated road conditions will be relatively high, which will cause users to be troubled.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Knorr-Bremse (Bendix), Meritor, and ZF Friedrichshafen (WABCO) with the revenue market share of 36.88%, 24.83% and 22.64% in 2019.

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking systems for rail and commercial vehicles. The Company provides entrance, windscreen wipers, driver assistance, and power supply systems, as well as platform screen doors and torsional vibration dampers. Knorr-Bremse takes over Bendix Commercial Vehicle Systems from Honeywell, Bendix becoming a subsidiary.

Meritor, Inc. manufactures automobile components for military suppliers, trucks, trailers, and specialty vehicles. The Company also offers related replacement parts in the transportation and industrial sectors. Meritor provides products including axles, drivelines, braking systems, and suspension systems.

Segmentation Overview:

As for product types, the Rear Type segment held the largest market share in 2021.

Application Overview:

By application, the Trucks segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Air Disc Brakes (ADB) market covered in Chapter 3:

MEI Brakes
ZF Friedrichshafen (WABCO)
Meritor
Hendrickson
Knorr-Bremse (Bendix)
Haldex
Wuhan Youfin Auto Parts

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Disc Brakes (ADB) market from 2018 to 2029 is primarily split into:

Front Type
Rear Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Disc Brakes (ADB) market from 2018 to 2029 covers:

Trucks
Trailers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)