Air Brake System Market Overview:
The air brake system is a type of braking system employed in the large heavy vehicles especially in those having multiple trailers such as buses, trucks, trailers and semi-trailers for the purpose of safety, efficiency, and reliability. The major advantage of this system is that it can be designed with enough fail-safe capacity to stop the vehicle safely even with considerable leakage. These types of braking system are easy to install on chassis and trailers as they are interconnected by pipes. Hence, they are highly used in heavy duty vehicles.
The increasing production of commercial vehicles in countries such as China, Germany, Mexico, India, and Japan drive the growth of automotive air brake system market. Furthermore, technological advancement, growing awareness from the key manufacturers in reducing the carbon footprints, low maintenance cost of this system, and the growing concern over the safety in commercial vehicles are set to drive the growth of this market during the study period. .
The Global Automotive air brake system market is expected to witness ~4.3% CAGR during the period, 2018 to 2023.
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Key Players in Air Brake System Market are-
The prominent players in the global air brake system market market include Knorr-Bremse (Germany), WABCO (USA), Meritor (USA), Haldex (Sweden), ZF (Germany), Wabtec Corporation (USA), Nabtesco (Japan), Federal-Mogul Corporation (USA), Sorl Auto Parts (China), and TSE Brakes (USA).
Air Brake System Market Segmentation:
- By Component
- Compressor
- Reservoirs
- Foot valve
- Brake Chambers
- Others
- By Brake Type
- Air Drum Brake
- Air Disc Brake
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Application
- On-Road Vehicle
- Off-Road Vehicle
Market Research Analysis:
In terms of region, the global market for the automotive air brake system is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold the highest market share throughout the forecast period owing to growing production of commercial vehicles from US, Canada, and Mexico. Moreover, increased production and sales of automobiles is expected to further boost the demand for air brake systems in this region. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period due to the growing disposable income in countries such as China, India and other countries, growing goods transportation and rising focus towards driver & vehicle safety.
Continuous improvement in brake system technology will further enhance the Asia-Pacific market size. In Europe, the presence of key manufacturers such as Knorr-Bremse, ZF, and Haldex are also contributing in the growth of this market
Scope of The Report:
Competition amongst flywheel manufacturers is a key factor responsible for the growth of the flywheel market as manufacturers constantly focus on developing different features to differentiate their products and match the weight, speed and transmission requirements of automotive manufacturers. Rising penetration of semi-automatic transmission systems globally such as AMT (Automated Manual Transmission) and DCT (Dual Clutch Transmission in the commercial and passenger vehicles segments is likely to drive the flywheel market during the forecast period.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
Continue….
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