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Global Automotive Air Brake System Market: By Brake Type: Air Drum Brake, Air Disc Brake; By Vehicle Type: Rigid body truck, Heavy-duty truck, Semi-trailer, Bus; By Component; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Automotive Air Brake System Market Outlook

The global automotive air brake system market stood at a value of around USD 4.43 billion in 2020 and is further expected to grow at a CAGR of 3.10% during the forecast period of 2022-2027. The increased demand for heavy-duty trucks is one of the major drivers propelling the market for automotive air brake system forward.

 

Global Automotive Air Brake System Market

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Properties and Applications

The automotive air brake system uses pneumatic stress to stop a vehicle like a truck or a bus. Based on its brake-type, the market can be segmented as:

 

Global Automotive Air Brake System Market By Components

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  • Air Drum Brake
  • Air Disc Brake

Based on its vehicle type, the market can be divided into rigid body truck, heavy-duty truck, semi-trailer, and bus. Based on its components, the industry can be categorised into:

  • Compressor 
  • Governor 
  • Storage Tank 
  • Air Dryer 
  • Foot Valve 
  • Brake Chamber 
  • Slake Adjuster

The EMR report looks into the regional automotive air brake system markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Automotive Air Brake System Market By Region

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Market Analysis

The global automotive air brake system industry is being driven by factors such as the increasing demand for heavy-duty trucks, growing preference for air brake systems in medium-duty vehicles, and strict laws on safety measures for heavy-duty vehicles. Due to the demonstrated effectiveness and performance of air brake systems in heavy-duty trucks, they are witnessing an increased implementation in medium-duty vehicles. The present hydraulic brake systems are unable to generate sufficient energy to stop fully charged medium-duty vehicles and may cause safety-related problems, thus, fuelling the increasing demand for automotive air brake systems. However, increased car manufacturing costs resulting in lower profit margin, and increased implementation of electronically regulated braking systems in trucks and buses may hinder the development of the automotive air brake system industry over the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global automotive air brake system market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Knorr-Bremse AG
  • Meritor, Inc (NYSE: MTOR)
  • Haldex
  • SORL Auto Parts, Inc
  • Wabco
  • Federal-Mogul Motorparts LLC
  • Nabtesco Automotive Corporation 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Brake Type, Vehicle Type, Component, Region
Breakup by Brake Type Air Drum Brake, Air Disc Brake
Breakup by Vehicle Type Rigid body truck, Heavy-duty truck, Semi-trailer, Bus
Breakup by component Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, Brake Chamber, Slake Adjuster
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Knorr-Bremse AG, Meritor, Inc, Haldex, SORL Auto Parts, Inc, Wabco, Federal-Mogul Motorparts LLC, Nabtesco Automotive Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Automotive Air Brake System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Air Brake System Historical Market (2017-2021) 
    8.3    Global Automotive Air Brake System Market Forecast (2022-2027)
    8.4    Global Automotive Air Brake System Market by Brake Type
        8.4.1    Air Drum Brake
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Air Disc Brake
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Automotive Air Brake System Market by Vehicle Type
        8.5.1    Rigid Body Truck
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Heavy-duty Track
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Semi-Trailer
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Bus
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Automotive Air Brake System Market by Component
        8.6.1    Compressor
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Governor
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Storage Tank
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Air Dryer
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Foot Valve
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Brake Chamber
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Slake Adjuster
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2017-2021)
            8.6.7.3    Forecast Trend (2022-2027)
    8.7    Global Automotive Air Brake System Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Knorr-Bremse AG
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Meritor Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Haldex AB
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4     SORL Auto Parts, Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    ZF Friedrichshafen AG (ZF Wabco)
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Automotive Air Brake System Market: Key Industry Highlights, 2017 and 2027
2.    Global Automotive Air Brake System Historical Market: Breakup by Brake Type (USD Million), 2017-2021
3.    Global Automotive Air Brake System Market Forecast: Breakup by Brake Type (USD Million), 2022-2027
4.    Global Automotive Air Brake System Historical Market: Breakup by Vehicle Type (USD Million), 2017-2021
5.    Global Automotive Air Brake System Market Forecast: Breakup by Vehicle Type (USD Million), 2022-2027
6.    Global Automotive Air Brake System Historical Market: Breakup by Component (USD Million), 2017-2021
7.    Global Automotive Air Brake System Market Forecast: Breakup by Component (USD Million), 2022-2027
8.    Global Automotive Air Brake System Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Automotive Air Brake System Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Automotive Air Brake System Market Structure

Key Questions Answered in the Report

In 2020, the global automotive air brake system market attained a value of nearly USD 4.43 billion.

The market is projected to grow at a CAGR of 3.10% between 2022 and 2027.

The market is being driven by the rising preference for air brake systems in medium-duty vehicles and the introduction of various stringent regulations by governments to bolster safety measures in automobiles.

The market growth in the forecast period can be ascribed to the increasing deployment of automotive air brakes over hydraulic brakes in heavy-duty vehicles.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major brake types of automotive air brake system are air drum brake and air disc brake.

The different vehicle types of automotive air brake system are rigid body truck, heavy-duty track, semi-trailer, and bus.

The significant components of automotive air brake system include compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster.

The major players in the industry are Knorr-Bremse AG, Meritor Inc., Haldex AB, SORL Auto Parts, Inc, and ZF Friedrichshafen AG , among others.

Analyst Review

The global automotive air brake system market attained a value of about USD 4.43 billion in 2020, driven by implementation of stringent safety regulations. Aided by the increasing awareness regarding the benefits of automatic air brakes, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.10%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of brake type, the automotive air brake system industry can be divided into air drum brake and air disc brake. Based on vehicle type, the market can be categorised into rigid body truck, heavy-duty track, semi-trailer, and bus. By component, the market can be divided into compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster. The major regional markets for automotive air brake system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Knorr-Bremse AG, Meritor Inc., Haldex AB, SORL Auto Parts, Inc, and ZF Friedrichshafen AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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