Air Brake System Market Shaping from Growth to Value: WABCO Holdings, Meritor, Haldex Brake Products
According to HTF Market Intelligence, the Global Air Brake System market to witness a CAGR of 3.31% during forecast period of 2023-2028. The market is segmented by Global Air Brake System Market Breakdown by Product Type (Air Disc Brake, Air Drum Brake) by Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, Bus) by Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Air Brake System market size is estimated to increase by USD 1.1 Billion at a CAGR of 3.31% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 4.5 Billion.
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Definition:
The air brake system market refers to the global industry involved in the production, sale, and distribution of air brake systems for commercial vehicles such as trucks, buses, and trailers. An air brake system is a type of braking system that uses compressed air to slow down or stop a vehicle. The system consists of several components, including air compressors, brake chambers, brake drums, valves, and hoses. The market encompasses all aspects of the air brake system industry, from manufacturing and distribution to aftermarket services such as maintenance and repair. The market is driven by the demand for safe and reliable braking systems in commercial vehicles, as well as regulations mandating the use of air brake systems in certain types of vehicles.
Air Brake System market - Key Segment Analysis
The market share growth by the Air Disc Brake segment will be significant during the forecast period. The segment is driven by the Robust Increase in Population across the Globe.
Air Brake System market - Competition Analysis
The global Air Brake System market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are WABCO Holdings (United States), Meritor (United States), Haldex Brake Products Corporation (United States), ZF (Germany), Wabtec (United States), Nabtesco (Japan), JK Co LLC (United States), Knorr Bermse (Germany), New York Air Brake LLC (United States), Westinghouse Air Brake Company (United States).
Air Brake System market - Geographical Outlook
Germany will provide maximum growth opportunities in Air Brake System market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in Germany is driven by Growing Infrastructural Spending in Adopting Automated Systems.
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What key data is demonstrated in this Air Brake System market report?
· CAGR of the market during the forecast period
· Detailed information on factors that will drive the growth of the Air Brake System market between 2023 and 2028
· Precise estimation of the size of the Air Brake System market and its contribution to the parent market
· Accurate predictions about upcoming trends and changes in consumer behaviour
· Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
· Thorough analysis of the market's competitive landscape and detailed information about vendors
· Comprehensive analysis of factors that will challenge the growth of Air Brake System market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
- Overview of Air Brake System Market
- Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
- Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
- Air Brake System Size (USD & Sales Volume) Comparison by Type (2017-2028)
- Air Brake System Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
- Air Brake System Size (Value & Volume) Comparison by Region (2017-2028)
- Market Capacity, Production, Export-Import by Region (2017-2022E)
- Air Brake System Market Sales, Revenue and Growth Rate (2017-2028)
- Competitive Situation and Trends
- Market Positioning and Share Analysis (2020-2022E)
- Suppliers High-Performance Operational Base Distribution
- Analyse competitors, Profiles, Sales Area, Product Category
- Air Brake System Cost Analysis
- Marketing Strategy Analysis
- Research Conclusions
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