2.1% CAGR to take Global Air Brake System Market to USD 4630.4 Mn by 2026

The global Air Brake System market was valued at US$ 3996.9 million in 2019 and it is expected to reach US$ 4630.4 million by the end of 2026, growing at a CAGR of 2.1% during 2021-2026.

Air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers.

Global Air Brake System Market: Forecast by Type: Type consists of Air Disc Brake and Air Drum Brake. Air Disc Brake segment was estimated to account for a revenue share of 75.3% in 2018.

Global Air Brake System Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Air Brake System Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive, Sorl Auto Parts, Aventics (Emerson), Tenneco (Federal-Mogul), MGM Brakes, Sealco, TSE Brakes, Fritec and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-air-brake-system-market-research-report

Segment by Type

  • Air Disc Brake
  • Air Drum Brake

Segment by Application

  • Heavy Trucks and Trailers
  • Buses
  • Others

Table of Content:

1 Air Brake System Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Air Brake System Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Air Brake System Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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