Global “Air Brake System Market” 2021 report is a proficient and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
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Air Brake System Market was valued at US$ 4.1Bn in 2017 and is expected to reach US$ 6Bn by 2026, at a CAGR of 4.87% during a forecast period.
Increase in heavy commercial vehicle production in Asia pacific and Europe market. Owing to the increasing technological advancements, increasing concerns over safety, and stringent government mandates to improve commercial vehicle safety, the demand for air brake systems is estimated to increase in the coming years. Vehicles now are able to access upon the external information and content are factors to impact more on the growth of Air Brake System market.
Based on the Vehicle, Heavy-Duty vehicle is expected to hold the largest share in the market during the forecast period. Rising potential demand for trucks in every country. Automation and connectivity are driving the heavy duty vehicle industry. Owing to the increasing manufacturing across the globe. High availability of raw materials and low-cost labors will promote heavy-duty trucks industry across the region. Inclining international and local trading activities world-wide will fuel the heavy duty trucks industry growth over the projected timeframe. Around 2017, it appears to have stabilized the heavy truck market, and there is reason to expect further growth averaging 5.0 percent or more annually between forecasted period. In Type, Disc is also expected to lead the market growth.
The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the Air Brake System market are increasing the quantity of vehicles has expanded essentially over the globe because of modernization and enhanced spending energy of individuals. This has prompted an expansion in the automotive emanation levels too. Increasing demand from passenger and commercial vehicle. Increasing R&D activities by major players for development of cost effective product is expected to create new opportunities. Intelligent transport systems giving alert to drivers in traffic conditions, tolls and optimum routes, as well as driver assistance systems to control speed, stability and even air brake system requirement are factorÃ¢â‚¬â„¢s to boost the demand for Air Brake System market. The high cost and increasing stopping distance of air brakes over hydraulics brakes will act as a restraint to the market.
In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period. The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. Environmental concerns, safety features, and Internet connection are increasing rapidly in this region. Population with enormous projected growth has important implications in terms of economic development. Needs and preferences of truck owners and operators and evolving business environment. China, India and Japan are leading market player in Asia pacific.
The report includes a detailed study of PorterÃ¢â‚¬â„¢s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Scope of the Report for Air Brake System Market
Global Air Brake System Market, by Vehicle
Global Air Brake System Market, by Type
Global Air Brake System Market, by Technology
ABS Ã¢â‚¬â€œ (Anti-lock Braking System)
TCS Ã¢â‚¬â€œ (Traction Control System)
ESC Ã¢â‚¬â€œ (Electronic Stability Program or Electronic Stability Control)
EBD Ã¢â‚¬â€œ (Electronic Brake force distribution)
Global Air Brake System Market, by Rolling Stock & Locomotive
EP – (Electro-Pneumatic)
ECP – (Electronically controlled pneumatic)
Global Air Brake System Market, by Region
Middle East & Africa
Key Players Operating in Air Brake System Market
SORL Auto Parts, Inc.
ZF TRW Automotive Holdings Corporation
Aisin Seiki Co. Ltd.
Akebono Brake Industry Co. Ltd.
Nissin Kogyo Co. Ltd.
Federal-Mogul Holdings Corporation3
YUMAK Air Brake Systems
Airmaster Brake Systems
Brakes India Limited
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Key Features of Air Brake System Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the Air Brake System market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the Air Brake System market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the Air Brake System market.
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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Air Brake System Market Report are:
Chapter 1 Overview of Air Brake System Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Air Brake System Market Competition Status by Major Manufacturers
Chapter 12 Air Brake System Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Air Brake System Market
Chapter 14 Cost and Gross Margin Analysis of Air Brake System Market
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