According to the report, the global automotive air brake system market is projected to grow at a CAGR of 3.10% between 2024 and 2032 reaching a value of approximate USD 4.04 billion by 2032. Aided by the escalating need for advanced safety systems in heavy vehicles and the expanding fleet of commercial vehicles worldwide, the market is expected to grow significantly by 2032.
The automotive air brake system, predominantly found in buses, trucks, and other heavy-duty vehicles, uses compressed air as a medium to transmit pressure from the driver's control to the service brake. This system ensures efficient halting of heavy vehicles, plays a paramount role in averting road mishaps, and upholds the vehicle's structural integrity during sudden stops. In addition to their primary function, these systems offer better stability, longevity, and performance, especially under demanding conditions, compared to their hydraulic counterparts.
A notable catalyst driving the global automotive air brake system market growth is the heightened emphasis on vehicular safety, both from regulatory bodies and consumers. As the weight and size of a vehicle increase, the efficacy and reliability of its braking system become paramount. Air brake systems, with their enhanced stopping power and reduced chances of failures, are becoming a staple in heavy vehicles, leading to an augmented demand globally.
According to the automotive air brake system market analysis, the burgeoning commercial sector, especially in developing economies, has led to a surge in transportation activities. This has subsequently resulted in a growing fleet of commercial vehicles, further stimulating the need for reliable and efficient brake systems like the automotive air brake system.
The evolution of smart transportation solutions and the integration of advanced driver assistance systems (ADAS) have further heightened the automotive air brake system market demand. The modern iterations of these systems are increasingly getting integrated with sensors and electronic modules, enabling features like autonomous emergency braking, especially for heavy commercial vehicles.
Furthermore, with the rise in eco-conscious transport solutions, there's a discernible shift towards creating air brake systems that are environmentally friendly. Recent advancements have led to the development of systems that minimise air pollution due to brake dust and decrease the overall carbon footprint.
The automotive air brake system, predominantly found in buses, trucks, and other heavy-duty vehicles, uses compressed air as a medium to transmit pressure from the driver's control to the service brake. This system ensures efficient halting of heavy vehicles, plays a paramount role in averting road mishaps, and upholds the vehicle's structural integrity during sudden stops. In addition to their primary function, these systems offer better stability, longevity, and performance, especially under demanding conditions, compared to their hydraulic counterparts.
A notable catalyst driving the global automotive air brake system market growth is the heightened emphasis on vehicular safety, both from regulatory bodies and consumers. As the weight and size of a vehicle increase, the efficacy and reliability of its braking system become paramount. Air brake systems, with their enhanced stopping power and reduced chances of failures, are becoming a staple in heavy vehicles, leading to an augmented demand globally.
According to the automotive air brake system market analysis, the burgeoning commercial sector, especially in developing economies, has led to a surge in transportation activities. This has subsequently resulted in a growing fleet of commercial vehicles, further stimulating the need for reliable and efficient brake systems like the automotive air brake system.
The evolution of smart transportation solutions and the integration of advanced driver assistance systems (ADAS) have further heightened the automotive air brake system market demand. The modern iterations of these systems are increasingly getting integrated with sensors and electronic modules, enabling features like autonomous emergency braking, especially for heavy commercial vehicles.
Furthermore, with the rise in eco-conscious transport solutions, there's a discernible shift towards creating air brake systems that are environmentally friendly. Recent advancements have led to the development of systems that minimise air pollution due to brake dust and decrease the overall carbon footprint.
Market Segmentation
The market can be divided based on brake type, vehicle type, component, and region.Market Breakup by Brake Type
- Air Drum Brake
- Air Disc Brake
Market Breakup by Vehicle Type
- Rigid Body Truck
- Heavy-duty Track
- Semi-Trailer
- Bus
Market Breakup by Component
- Compressor
- Governor
- Storage Tank
- Air Dryer
- Foot Valve
- Brake Chamber
- Slake Adjuster
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive air brake system market. Some of the major players explored in the report are as follows:- Knorr-Bremse AG
- Meritor Inc.
- Haldex AB
- SORL Auto Parts, Inc
- ZF Friedrichshafen AG (ZF Wabco)
- Nabtesco Automotive Corporation
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Automotive Air Brake System Market Analysis
9 North America Automotive Air Brake System Market Analysis
10 Europe Automotive Air Brake System Market Analysis
11 Asia Pacific Automotive Air Brake System Market Analysis
12 Latin America Automotive Air Brake System Market Analysis
13 Middle East and Africa Automotive Air Brake System Market Analysis
14 Market Dynamics
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Knorr-Bremse AG
- Meritor Inc
- Haldex AB
- SORL Auto Parts Inc
- ZF Friedrichshafen AG (ZF Wabco)
- Federal-Mogul Motorparts LLC
- Nabtesco Automotive Corporation
Methodology
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