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Air Brake System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global air brake system market size reached US$ 6.97 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.88 Billion by 2027, exhibiting a growth rate (CAGR) of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

An air brake system is a friction brake relying on compressed air pressing to stop a vehicle. It includes various components, such as brake chambers, foot valves, slack adjusters, brake shoes, drums, and air reservoirs, dryers and compressors. As compared to hydraulic brakes, an air brake system is more powerful and reliable, provides better control, reduces stopping distance, prevents extensive wear and tear of parts, and offers heavy braking effects. Consequently, it is used in railroad trains and heavy commercial vehicles, including trucks and buses.

Air Brake System Market Trends:

The global market is primarily driven by the widespread adoption of air brake systems due to their reliability and efficiency. These systems are easy to remove and attach and remain effective even with an air leak. In line with this, their increasing demand on account of rising vehicle safety concerns across the globe is creating a positive outlook for the market. Additionally, the introduction of lightweight air brake systems for trailer and line haul applications that use fewer parts and provide more ground clearance, protection from road debris, and higher efficiency are providing an impetus to the market growth. Furthermore, manufacturers are developing new and advanced components that are effective in the railways and high-speed trains while assuring safety and maintaining control over the vehicle. This, in turn, is strengthening the growth of the market around the world. Other factors, including the implementation of various government initiatives to promote the use of brake systems in heavy vehicles, increasing production and development of high-speed trains, and extensive research and development (R&D) activities, are anticipated to drive the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global air brake system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type and vehicle type.

Breakup by Component:

  • Compressor
  • Governor
  • Tank
  • Air Dryer
  • Foot Valve
  • Brake Chamber
  • Slack Adjuster
  • Others
     

Breakup by Type:

  • Air Disc Brake
  • Air Drum Brake
     

Breakup by Vehicle Type:

  • Rigid Body
  • Heavy-Duty Truck
  • Semi-Trailer
  • Bus
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Brakes India Private Limited, Haldex Inc., Knorr-Bremse AG, Meritor Inc. (Cummins Inc.), SORL Auto Parts Inc., TSE Brakes Inc., UNO Minda Limited, Wabtec Corporation, Yumak Air Brake Systems and ZF Friedrichshafen AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Type, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Brakes India Private Limited, Haldex Inc., Knorr-Bremse AG, Meritor Inc. (Cummins Inc.), SORL Auto Parts Inc., TSE Brakes Inc., UNO Minda Limited, Wabtec Corporation, Yumak Air Brake Systems and ZF Friedrichshafen AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global air brake system market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global air brake system market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global air brake system market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Air Brake System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Compressor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Governor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Tank
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Air Dryer
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Foot Valve
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Brake Chamber
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Slack Adjuster
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Others
        6.8.1 Market Trends
        6.8.2 Market Forecast
7    Market Breakup by Type
    7.1    Air Disc Brake
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Air Drum Brake
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Rigid Body
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Heavy-Duty Truck
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Semi-Trailer
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Bus
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Brakes India Private Limited
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Haldex Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Knorr-Bremse AG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Meritor Inc. (Cummins Inc.)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    SORL Auto Parts Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    TSE Brakes Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    UNO Minda Limited 
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Wabtec Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Yumak Air Brake Systems
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    ZF Friedrichshafen AG
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis

List of Figures

Figure 1: Global: Air Brake System Market: Major Drivers and Challenges
Figure 2: Global: Air Brake System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Air Brake System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Air Brake System Market: Breakup by Component (in %), 2021
Figure 5: Global: Air Brake System Market: Breakup by Type (in %), 2021
Figure 6: Global: Air Brake System Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Air Brake System Market: Breakup by Region (in %), 2021
Figure 8: Global: Air Brake System (Compressor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Air Brake System (Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Air Brake System (Governor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Air Brake System (Governor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Air Brake System (Tank) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Air Brake System (Tank) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Air Brake System (Air Dryer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Air Brake System (Air Dryer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Air Brake System (Foot Valve) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Air Brake System (Foot Valve) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Air Brake System (Brake Chamber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Air Brake System (Brake Chamber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Air Brake System (Slack Adjuster) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Air Brake System (Slack Adjuster) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Air Brake System (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Air Brake System (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Air Brake System (Air Disc Brake) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Air Brake System (Air Disc Brake) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Air Brake System (Air Drum Brake) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Air Brake System (Air Drum Brake) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Air Brake System (Rigid Body) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Air Brake System (Rigid Body) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Air Brake System (Heavy-Duty Truck) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Air Brake System (Heavy-Duty Truck) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Air Brake System (Semi-Trailer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Air Brake System (Semi-Trailer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Air Brake System (Bus) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Air Brake System (Bus) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Air Brake System Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Air Brake System Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Air Brake System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Air Brake System Industry: SWOT Analysis
Figure 86: Global: Air Brake System Industry: Value Chain Analysis
Figure 87: Global: Air Brake System Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Air Brake System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Air Brake System Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Air Brake System Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Air Brake System Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Air Brake System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Air Brake System Market: Competitive Structure
Table 7: Global: Air Brake System Market: Key Players


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