Air Brake System Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

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  Global Air Brake System Market is estimated to reach $5.23 billion by 2025, forecast togrow at a CAGR of 3.62%during 2020-2025. Increasing adoption of air brake industry in medium to heavy duty vehicles is one of the major driving factor that is expected to drive the automotive air brake system market. Currently, hydraulic braking system which is extensively used in vehicles can impact a safety related issue, because these hydraulic brakes are not capable of generating enough power to offer safety to the medium and heavy vehicle while vehicles are in motion. Increasing vehicle production across the globe from various vehicle manufactures is expected to drive the growth of air brake industryoutlook during the forecast period.

Key Takeaways
Asia-Pacific dominates the air brake system market owing to increasing demand from Heavy duty truck vehicle segment. 
With rising focus toward safety and increasing demand of medium to high loading capacity mostly demanding from regions including North America and Asia-pacific region penetrate the growth of the market across the globe.
Automotive OEMs have been continuously focusing on improving the vehicle efficiency that has resulted in the growth of weight reduction measures of the vehicle. This includes displacement of high volume and weight hydraulic systems in vehicles.

Type of Components- Segment Analysis

Air dryer component segment is expected to have a largest market share in the air brake systemoutlookby 2025. This segment is estimated to grow at a CAGR of 4.04% during the forecast period. Increasing preference for lightweight brake components is expected to drive the growth of the market in the forecast period. Automotive OEMs are investing more amount of money in the research and developments to innovate new air brake systems and increase the existing vehicle efficiency.

Vehicle Type- Segment Analysis
By vehicle type by the market has been classified in to four different parts including Rigid Body Truck, Heavy-Duty truck, Semi-trailer, and Bus. Increasing adoption of air brake systems for heavy-duty trucks and semi-trailer is increasing rapidly offering safety and reliable features to the driver. Thismarket works efficiently even with minor leaks, that is not possible in case of liquid brake system.Most of the heavy truck and extra heavy truck manufactures have offered optional air operated disc brake system. Air brake system includes a variety of features to improve braking control and ensure backups for safety, some of the feature includes service brakes, parking brakes, control pedal, air storage tank, air pressure gauge, and wig wag device.
This air brakeare  more suitable for the heavy and semi-trailers as the reliable braking-air brakes uses atmospheric air that never runs out, rather than fluid which can leak. Air brake systems are also easy to remove and attached, and remain effective even if there is an air leak.These are the some of the advanced features offered by the air brake system that is expected to drive the market in the long term.

Geography- Segment Analysis
APAC region dominated the global air brake system market with a share of more than 30%,followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investmentfor economic development of South East Asia, the current scenario is changing.Countries in South East Asia are witnessing high growth in the automotive industriesAccording to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow.

Safety: Safety is one of the major driving factor for advanced vehicles.

In the moving vehicle once the brake pedal is pressed the pressure is applied to the frictional components near the wheels which then press against each other’s to stop the vehicle. This traditional braking system has some drawbacks, if there is a leak in the braking system which results in partial or complete loss of the braking fluid, the efficiency of the braking system is significantly reduce or it will completely loss. Air brake system resolve this traditional issue by offering air by offering special fluid to deliver pressure to the braking components. This air braking system reduce the chance of brake failure due to the avoidance of leaks in the braking system. Nowadays use of air brake system is being made mandatory under many governmental regulation for vehicles exceeding a certain size or carrying passengers for commercial purpose

Reliability: Air braking systems are much more reliable as compare to hydraulic brakes
Air brake systems operates in a different principle includes triple valve systems. In a conventional braking system the brake is always kept in its own position by default and the brake is applied when brake fluid is compressed. Triple valve system air brake helps activation of brake is activated state by default and brake released when the vehicle moves in to motion. As a result if there is a leak or even if the compression mechanism totally fails, the brake revert back to their default activated position and the vehicle will stop moving. So in the vehicle system air brake system plays an important role for reliability of the vehicle safety concern. 

Expensive and Excessive Air leakage rate
Higher cost is one of the major concern for air brake system, however this system doesn’t make much difference in small vehicle that requires small hydraulic braking system. On the other hand cost parameter is a significant factor for large vehicle includes heavy duty trucks, semi-trailer and buses, where air brake systems lose out to traditional brake systems. 
Excessive air leakage rate is another concern for air brake system. Air system loses pressure at a high rate, which lends importance to the rate at which the system builds pressure. A reservoir that losses pressure too quickly not only put strains on the compressor as the same time it can also leave without adequate stopping power when it require the most power. This situation create a large air leakage rate when air brake systems are applied in the vehicle. Leakage rate more than 2 psi/minute indicates that manufactures are likely to give more attention to resolve this current challenge.


Technology launches,acquisitions and R&D activitiesare key strategies adopted by players in the air brake system market. In 2018, the market of air brake systemhas been fragmentedby the top five players accounting for 34% of the share. Major players in the air brake system market are,Knorr-Bremse, Wabco, Meritor, Wabtec, Nabtesco, TSE Brakes, Federal-Mogul, Silverbackhd, Mahle Aftermarket, Tata Autocomp, and among others. 

Acquisitions/Technology Launches

  • In June 2019, Wabco is planning to acquireZF Friedrichshafen AG, which is a privately held system supplier and global technology companies offers various technology solutions to the passenger cars, and commercial vehicles. The aim of this merger will expected to offer new technology for commercial vehicle safety and efficiency for active air suspension system and air brake system. 
  • In March 2019, New York Air Brake LLC, has announced the acquisition of Snyder Equipment Company. Snyder is a leading manufacturer of locomotive service and fueling equipment’s. The acquisition will help Air Brake LLC to make a better strategy plan to diversify and expand its current capabilities and strong geographical reach.

1. Air Brake System Market - Overview
        1.1 Definitions and Scope
2. Air Brake System Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Air Brake System Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Air Brake System Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Air Brake System Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Air Brake System Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Air Brake System Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Air Brake System Market - By Component (Market Size -$Million / $Billion)
        8.1 Introduction
        8.2 Compressor
        8.3 Governor
        8.4 Storage Tank
        8.5 Air Dryer
        8.6 Foot Valve
        8.7 Brake Chamber
        8.8 Slake Adjuster
9. Air Brake System Market - By Brake Type (Market Size -$Million / $Billion)
        9.1 Air Drum Brake
        9.2 Air Disc Brake
10. Air Brake System Market - By Vehicle Type (Market Size -$Million / $Billion)
        10.1 Rigid Body Truck
        10.2 Heavy-Duty Truck
        10.3 Semi-Trailer
        10.4 Bus
11. Air Brake System- By Geography (Market Size -$Million / $Billion)
        11.1 Air Brake System Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
        Rest of North America
        11.3 Air Brake System- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
        Costa Rica
        Rest of South America
        11.5 Air Brake System- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
        Rest of Europe
        11.7 Air Brake System - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
        South Korea
        Hong kong
        Rest of APAC
        11.9 Air Brake System - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
        Saudi Arabia
            11.10.6 Africa Segment Analysis
        South Africa
        Rest of Middle East & Africa
12. Air Brake System Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Air Brake System Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Air Brake System Market - Key Company List by Country Premium
15. Air Brake System Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Aventics
        15.3 Federal-Mogul
        15.4 Fort Garry Industry
        15.5 Fritec
        15.6 Haldex
        15.7 Knorr-Bremse
        15.8 Knott
        15.9 Kongsberg
        15.10 Mahle Aftermarket
        15.11 Mei Brake
        15.12 Meritor
        15.13 Nabtesco
        15.14 Sealco
        15.15 Silverbackhd
        15.16 Sorl Auto Part
        15.17 Tata Autocomp
        15.18 Tse Brake
        15.19 Wabco
        15.20 Wabtec
        15.21 Zf
        15.22 Company 21
        15.23 Company 22 & More
*Financials would be provided on a best efforts basis for private companies
16. Air Brake System Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Air Brake System Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Air Brake System Market Size 2018
2 Canada Air Brake System Market Share 2018
3 Brazil Air Brake System Market Outlook 2019 - 2023
4 Mexico Air Brake System Market Research 2018
5 Germany Air Brake System Market Trends 2019 - 2023 
6 France Air Brake System Market Growth 2019 - 2023 
7 UK Air Brake System Market Demand 2019 - 2023 
8 Italy Air Brake System Market Segmentation 2018
9 Russia Air Brake System Market Analysis 2019 - 2023
10 China Air Brake System Market Revenue 2019 - 2023
11 Japan Air Brake System Market Volume 2019 - 2023
12 South Korea Air Brake System Market Potential 2019 - 2023
13 India Air Brake System Market Leaders 2018
14 Saudi Arabia Air Brake System Market Forecast 2019 - 2023 
15 Kuwait Air Brake System Market Value 2018

List of Figures

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