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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 2021-2026. The increased demand for heavy-duty trucks is one of the major drivers propelling the market for automotive air brake system forward.
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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:
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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:
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.
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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.
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:
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.
*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.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Automotive Air Brake System Market Analysis
6.1 Global Automotive Air Brake System Market (2016-2020) & Forecast (2021-2026)
6.2 Global Automotive Air Brake System Market Breakup by Brake Type
6.2.1 Air Drum Brake
6.2.2 Air Disc Brake
6.3 Market Breakup by Brake Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Air Drum Brake
6.3.2 Air Disc Brake
6.4 Global Automotive Air Brake System Market Breakup by Vehicle Type
6.4.1 Rigid body truck
6.4.2 Heavy-duty truck
6.5 Market Breakup by Vehicle type: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Rigid body truck
6.5.2 Heavy-duty truck
6.6 Global Automotive Air Brake System Market by component
6.6.3 Storage Tank
6.6.4 Air Dryer
6.6.5 Foot Valve
6.6.6 Brake Chamber
6.6.7 Slake Adjuster
6.7 Market by Component: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.3 Storage Tank
6.7.4 Air Dryer
6.7.5 Foot Valve
6.7.6 Brake Chamber
6.7.7 Slake Adjuster
6.8 Global Automotive Air Brake System Market for Rolling Stock By Component
6.8.2 Storage Tank
6.8.3 Driver’s Brake Valve
6.8.4 Brake Cylinder
6.8.5 Brake Pipe
6.9 Market for Rolling Stock By Component: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.2 Storage Tank
6.9.3 Driver’s Brake Valve
6.9.4 Brake Cylinder
6.9.5 Brake Pipe
6.10 Global Automotive Air Brake System Market by Region
6.10.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.11 Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 Knorr-Bremse AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Meritor, Inc
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 SORL Auto Parts, Inc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Federal-Mogul Motorparts LLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Nabtesco Automotive Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
10 Industry Events and Developments
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