Air Brake System Market Overview:
Compressor, air filter, reservoir, valves, and brake pads are among the components of the air brake system. It consists of three brake systems: the service brake, the parking brake, and the emergency brake. The system is much more powerful than a mechanical or hydraulic brake and can be installed on any chassis easily. Generally, air braking systems consist of a piston driven by compressed air from a reservoir connected to brake cylinders; another system consists of a flap or surface that is mechanically projected into the airstream to increase resistance to air and reduce vehicle speed. Race cars and aircraft use these. Compressors, governors, storage tanks, air dryers, foot valves, and brake chambers comprise the market by component. According to the type of brake, the market is divided into Air Discs and Air Drums.
During the forecast period, sales & production of off-highway trucks and commercial vehicles are expected to fuel the Air Brake System Market, as well as the protective nature of air brakes over hydraulic brakes. There is a lucrative opportunity for the market in metro rail projects across various developing nations. With technological advancements and the introduction of automation in the railway industry, more advanced safety components are required.
Manufacturing companies develop new and advanced components like braking systems for railways and high-speed trains to assure safety and maintain control. Railways have been improved and advanced by governments around the world, resulting in an increase in their numbers. This has led to an increase in the number of railways and high-speed trains during the forecast period, resulting in a growing market for air brake systems worldwide.
With the advent of IoT and AI, the automotive industry is bound to showcase significant growth in the upcoming years. The rise in the manufacturing of autonomous vehicles, the customers obtaining predictive maintenance data, understanding traffic dynamics are some of the factors that have resulted in the significant growth of the automotive industry. Furthermore, many car dealers are using latest technologies like augmented reality which enhances the buying experience of consumers. Major car manufacturers are slowly adopting Air Brake System owing to the air pollution caused by gasoline and diesel vehicles which has opened new opportunities for emerging players to establish their position in the market.
The Air Brake System Market assessment is performed taking various factors in consideration, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial and opportunity analysis of market players. The Air Brake System Market is also evaluated based on the regional segmentation, product type or technique, end user spectrum, etc. This research will be conducted with the implementation of latest market research methodologies which shall help organizations comprehend the overall market scenario and strategize accordingly.
Major players included in the Air Brake System Market:
• Knorr-Bremse
• Wabco
• Meritor
• Haldex
• ZF
• Wabtec
• Nabtesco
• TSE Brakes
• Federal-Mogul
• Sorl Auto Parts
• Sealco
• Silverbackhd
• Fort Garry Industries
• Fritec
• Mahle Aftermarket
(Note: The list of the major players will be updated with the latest market scenario and trends)
Air Brake System Market Segmentation:
By Component
• Governor
• Storage Tank
• Air Dryer
• Foot Valve
• Brake Chamber
• Slake Adjuster
By Brake Type
• Air Drum Brake
• Air Disc Brake
By Vehicle Type
• Rigid Body Truck
• Heavy-Duty Truck
• Semi-Trailer
• Bus
By Construction and Mining Trucks Component
• Compressor
• Governor
• Storage Tank
• Air Dryer
• Foot Valve
• Brake Chamber
• Slake Adjuster
By Rolling Stock Component
• Compressor
• Storage Tank
• Driver’s Brake Valve
• Brake Cylinder
• Brake Pipe
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Air Brake System Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Air Brake System Market by component, by brake type, by vehicle type, by construction and mining trucks component, by rolling stock component and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com
