Data Bridge Market Research analyses that the Air Brake System Market is registering a CAGR of 5.70% from 2022 to 2029.
Industry Analysis
• An air brake, also known as compressed air brake system, refers to a type of friction brake that is designed for vehicles in which the compressed air is applied on a piston. It further applies pressure to the brake pads, and causes the vehicle to stop. Air brakes are extensively utilized in large heavy vehicles, especially those having multiple trailers that must be linked into the brake system.
• The rapid urbanization across the globe acts as one of the major factor driving the growth of air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market. Additionally, rise in vehicle fleet, increase in concerns regarding passenger safety and expansion of automotive sector positively affect the air brake system market. Furthermore, regulations related to load carrying capacity and mandates on air brakes installation extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Some of the key questions answered in this report:
1. At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
2. Which market segments are covered in this report?
3. Who are the major players operating in the market?
4. Which countries data are covered in the report?
Air Brake System Market Scope
The air brake system market is segmented on the basis of type, component, vehicle type, technology, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of type, the air brake system market is segmented into air disc brake, and air drum brake.
• Based on component, air brake system market has been segmented into compressor, governor, tank, air dryer, foot valve, brake chamber, slack adjuster, and others. Others have been further segmented into brake cylinder, brake pipe, rotors and pads.
• On the basis of vehicle type, air brake system market has been segmented into rigid body truck, heavy-duty truck, semi-trailer, bus, and rolling stock.
• On the basis of technology, the air brake system market is segmented into anti-lock braking system (ABS), traction control system (TCS), electronic stability program or electronic stability control (ESC), electronic brake force distribution (EBD).
• On the basis of application, the air brake system market is segmented into on-road, off-road vehicle), rolling stock and locomotive electro-pneumatic(EP), electronically controlled pneumatic (ECP) and others.
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Air Brake System Market Regional Analysis/Insights
The air brake system market is analyzed and market size, volume information is provided by country, type, component, vehicle type, technology, and application as referenced above.
The countries covered in the global Air Brake System Market report are
• U.S., Canada and Mexico in North America
• Brazil, Argentina and Rest of South America as part of South America
• Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe
• Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
• Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Competitive Landscape and Air Brake System Market Share Analysis
The air brake system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to air brake system market.
Some of the major players operating in the Air Brake System market are:
• Knorr-Bremse AG
• WABCO
• Meritor, Inc.
• Haldex
• ZF Friedrichshafen AG
• Wabtec Corporation
• Nabtesco Automotive Corporation
• Tenneco Inc
• SORL Auto Parts, Inc.
• TSE Brakes Inc.
• UNO Minda.
• ANAND Group
• Fricción y Tecnología, S.A. de C.V.
• Brakes India Private Limited.
• Airmaster Brake Systems
• Yumak Air Brake Systems
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Air Brake System Market by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-air-brake-syst...
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