Air Brake System Market By Brake Type (Air Drum and Air Disc), Component (Brake Chamber, Compressor, Foot Valve, Governor, Air Dryer and Storage Tank) and Vehicle Type (Bus, Rigid Body, Semi-Trailer and Heavy-Duty Truck) - Global Industry Analysis And Forecast To 2025
The air brake or, referred normally, the compressed air brake framework, is the kind of the friction brake for the vehicles in which compressed air pushing on the piston is utilized to provide the pressure to the pad of brake to bring the vehicle to halt. These brakes are utilized in extensive heavy vehicles, especially those having numerous trailers that must be connected into the braking mechanism, for example, buses, trailers, semi-trailers, and trucks, notwithstanding their utilization in railroad trains. In the mid twentieth century, after its benefits were demonstrated in the railroad utilize, it was embraced by the makers of heavy road vehicles and trucks. Therefore, the Air Brake System Market is anticipated to expand and has tremendous scope during the forecast period. The global Air Brake System Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Based on Brake Type the market is segmented into Air Drum and Air Disc. The Air Drum section is leading the market due to more utilization of these brakes in various regions owing to low cost associated, etc. While the air disc section is growing at a significant rate due to increasing focus on safety.
Based on Component the market is segmented into Brake Chamber, Compressor, Foot Valve, Governor, Air Dryer and Storage Tank. The Compressor is seen to hold the largest market owing to increasing number of high speed & electric trains, more investment seen on increasing the railway network, increasing population & faster rate of urbanization and some other factors.
Based on Vehicle Type the market is segmented into Bus, Rigid Body, Semi-Trailer and Heavy-Duty Truck. Various types of vehicles are seen to have consumed the market due to rising demand for commercial heavy vehicles, increasing demand for long distance transportation, etc.
The Asia Pacific region is leading the global Air Brake System Market owing to more production of heavy commercial vehicles, rapid urbanization & industrialization in various developing economies in this region, increasing awareness regarding the safety related to driving, etc.
Air Brake System Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?