Global Air Brake System Market is Segmented By Component (Compressor, Governor, Storage Tank, Air Dryer, Foot Valve, Brake Chamber, Brake Cylinder, Brake Pipe), By Type (Disc, Drum), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Rigid Body, Semi-Trailer, Heavy-duty Trucks, Bus), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Air Brake System Market Overview
The global air brake system market size was worth US$ XX Million in 2021 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2024-2031).
A brake is a mechanical device that utilizes friction to absorb energy from a moving body and inhibit its motion. An air braking system utilizes compressed air to stop a vehicle. The air brake system is segmented into the supply and control sides. The supply-side collects compress and supplies high-pressure air to the control side. The control side applies the brakes and ensures the stopping action for the vehicle. The rising demand for heavy commercial vehicles, especially across the emerging markets, will lead to the expansion of the air brake system market.
Source: DataM Intelligence Analysis (2022)
Air Brake System Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Component, By Type, By Sales Channel and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Air Brake System Market Dynamics
The demand for automotive braking systems is driven primarily by increasing demand for better safety features in automobiles and the rising global vehicle production rates. The introduction of new heavy-duty commercial vehicle models is mainly driving the air braking systems market trends.
Rising demand for better automotive safety features
Road accidents rates are growing globally, especially in the developing world. The World Health Organization (WHO) estimates that more than 1.3 million people die in road traffic accidents every year. In conjunction with rising road safety awareness, there is a growing demand for better automotive safety features.
Global automotive manufacturers have responded to this demand by developing and deploying new technologies such as Electronic Brake Force Distribution (EBD), Electronic Stability Control (ESC) and improving existing features such as Anti-lock Braking System (ABS). The technological developments will lead to growth in the air brake systems market.
The long service life of modern braking systems
An increase in traffic congestion coupled with rising road accident rates globally has renewed emphasis on vehicle safety. Major automotive component manufacturers have invested heavily in researching, developing and improving automotive safety systems to reduce accidents and loss of lives. The consistent technological improvements have ensured that modern braking systems have high-performance characteristics and meager failure rates.
It has been assured that the braking systems today have considerably long service lives, leading to fewer replacements over the vehicle's lifetime. Modern air braking systems have fail-safe designs that ensure optimum braking performance, even in case of significant air leakage. The long service life of braking systems will be a crucial challenge to the growth of the air brake system market.
COVID-19 impact analysis On Air Brake System Market
The automotive industry experienced sharp declines in production and sales in 2020 due to the COVID-19 pandemic. Governments globally imposed lockdowns to curb the pandemic's spread and many manufacturers had to suspend operations temporarily. Industrial manufacturing is a highly capital-intensive business and thus, many component manufacturers were facing bankruptcy. Vehicle production resumed in a limited Type after lifting the lockdowns.
The COVID-19 pandemics' knock-on effects on the global supply chains have caused shortages of essential components for the automotive industry. It has led to long lead times and reduced production rates, even after the complete lifting of pandemic-related restrictions. The pandemic will have a negligible impact on the long-term growth of the air brake system market since the demand for commercial vehicles and replacement brake systems remains strong and will continue to grow significantly in the coming years.
Air Brake System Market Segment Analysis
The Air Brake System market is segmented on component, brake type, sales channel, vehicle type and region. The global air brake system market is split into the rigid body, semi-trailer, heavy-duty truck and bus based on vehicle type. Heavy-duty trucks dominate this segment since an air brake system is the default braking system on all modern heavy-duty trucks.
Source: DataM Intelligence Analysis (2022)
Air Brake System Market Geographical Analysis
Asia-Pacific is currently leading the global air brake system market. It accounts for the largest market share, primarily due to major emerging markets such as China, India, Indonesia, Malaysia, Thailand and Vietnam and developed automotive markets such as Japan and South Korea. Due to their large domestic automotive industries and the rising sales of heavy commercial vehicles, the significant demand for original equipment and aftermarket air brake systems comes primarily from China and India.
The Government of India has mandated the installation of safety features such as Electronic Stability Control (ESC) and Anti-lock Braking System (ABS) in every new commercial vehicle sold in the country from April 2019. Many other countries in the Asia-Pacific are expected to follow India's example and legislate new laws for automotive safety systems. The introduction of such legislation is expected to boost further the market for Air Brake Systems in the Asia-Pacific.
Source: DataM Intelligence Analysis (2022)
Air Brake System Market Competitive Landscape
The global air brake system market is highly competitive since all the major manufacturers have their own variety of proprietary braking systems designed for various applications. Some of the major players contributing to the growth in the segment are Knorr Bremse AG, Meritor Inc, TSE Brakes Inc, Tenneco Inc, Akebono Brake Industry Co. Ltd, Aisin Seiki Co. Ltd, ZF Friedrichshafen AG, Hitachi Astemo Ltd, Handlex AB, Mando Corporation. The significant players adopt several growth strategies such as new product launches, joint ventures and collaborations, contributing to global growth in the industry.
Knorr Bremse AG
Overview: Knorr Bremse AG is a major manufacturer of braking systems for commercial vehicles and trains. The company has more than 100 locations in 30 countries globally. It was founded in 1905 by engineer George Knorr and is headquartered in Munich, Germany.
Product Portfolio
Knorr Bremse Exhaust Brake is a brake system specifically designed for heavy-duty diesel-engine commercial vehicles. The system provides vehicle retardation by choking exhaust gas flow
Key Developments: In June 2021, Knorr Bremse AG signed a 10-year supply contract worth US$ 1.13 million for braking systems with a leading global truck OEM.
Why Purchase the Report?
- Visualize the composition of the air brake system market segmentation by component, brake type, sales channel, vehicle type and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the air brake system market by analyzing trends and co-development deals.
- Excel data sheet with thousands of global air brake system market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the critical product of all major market players
The global air brake system market report would provide access to an approx.: 70 market data tables, 68 figures and 180 pages.
Target Audience
- Automotive component manufacturers
- Vehicle manufacturers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
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