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Global Automotive Air Brake System Market Size, Share: By Brake Type: Air Drum Brake, Air Disc Brake; By Vehicle Type: Rigid body truck, Heavy-duty truck, Semi-trailer, Bus; By Component: Compressor, Governor, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Automotive Air Brake System Market Outlook
The global automotive air brake system market stood at a value of around USD 4.85 billion in 2023 and is further expected to grow at a CAGR of 3.10% during the forecast period of 2024-2032. 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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Market Segmentation
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:
- Air Drum Brake
- Air Disc Brake
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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:
- 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.
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.
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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 AB
- SORL Auto Parts, Inc
- ZF Friedrichshafen AG (ZF Wabco)
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Brake Type |
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| Breakup by Vehicle Type |
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| Breakup by component |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Automotive Air Brake System Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Air Brake System Historical Market (2018-2023)
8.3 Global Automotive Air Brake System Market Forecast (2024-2032)
8.4 Global Automotive Air Brake System Market by Brake Type
8.4.1 Air Drum Brake
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Air Disc Brake
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Automotive Air Brake System Market by Vehicle Type
8.5.1 Rigid Body Truck
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Heavy-duty Track
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Semi-Trailer
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Bus
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Automotive Air Brake System Market by Component
8.6.1 Compressor
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Governor
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Storage Tank
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Air Dryer
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Foot Valve
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Brake Chamber
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Slake Adjuster
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.7 Global Automotive Air Brake System Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Automotive Air Brake System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Air Brake System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Air Brake System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Air Brake System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Air Brake System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Knorr-Bremse AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Meritor Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Haldex AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 SORL Auto Parts, Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ZF Friedrichshafen AG (ZF Wabco)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nabtesco Automotive Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Air Brake System Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Air Brake System Historical Market: Breakup by Brake Type (USD Million), 2018-2023
3. Global Automotive Air Brake System Market Forecast: Breakup by Brake Type (USD Million), 2024-2032
4. Global Automotive Air Brake System Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
5. Global Automotive Air Brake System Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
6. Global Automotive Air Brake System Historical Market: Breakup by Component (USD Million), 2018-2023
7. Global Automotive Air Brake System Market Forecast: Breakup by Component (USD Million), 2024-2032
8. Global Automotive Air Brake System Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Automotive Air Brake System Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Automotive Air Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Automotive Air Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Automotive Air Brake System Market Structure
Key Questions Answered in the Report
In 2023, the global automotive air brake system market attained a value of nearly USD 4.85 billion.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
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, ZF Friedrichshafen AG (ZF Wabco), Federal-Mogul Motorparts LLC, Nabtesco Automotive Corporation, Others.
Analyst Review
The global automotive air brake system market attained a value of about USD 4.85 billion in 2023, 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 2024-2032, 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, ZF Friedrichshafen AG (ZF Wabco), Federal-Mogul Motorparts LLC, Nabtesco Automotive Corporation, 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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