Press release
Air Brake Reservoirs Market Poised to Expand at a Robust Pace Over 2018 to 2028
Air brake reservoir, also known as air storage tank, is a storage tank having single or more than double compartments that are primarily used for storage of compressed air. The function of the air brake reservoirs is to provide a compressed air for braking, which will be sufficient in relation to the volume used by the air brake chambers and auxiliary parts. Moreover, air brake reservoirs provide a space in which the heated air (by compression) may be cooled. Every air brake reservoirs is built in accordance with the SAE Standard Air Brake Reservoir Test Code and Inspection Procedure SAE J-10-a. Manufacturers operating in the air brake reservoirs market utilize steel sheet, with stamped heads and rolled shells to develop air brake reservoirs. Rail component manufacturers developing air brake reservoirs are among the key players likely to profit from prospected sales in freight cars and from numerous proposed contracts in other areas such as metros, regional trains, and high-speed trains.
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Importantly, air brake reservoirs are predominantly used in railway applications. Thus, manufacturing of locomotives and rail transport play a crucial role in the growth of the global air brake reservoirs market. For the next few years, experts project a continued stable growth for the global air brake reservoirs market on the back of continued growth in the rail market.
Global Air Brake Reservoirs Market: Dynamics
Various standards are prevalent in the market to encourage the uniform product types across the value chain including the Association of American Railroads (AAR) standards and European Standards (ENs). Analysts predict that urban transport will demonstrate a high growth rate in the coming years. Development of existing and introduction of new technology platforms reinforce the global outlook for the air brake reservoirs market by provoking the demand for air brake reservoirs. Additionally, secular trends, such as urbanization, focus on safety, and awareness of environmental issues are driving investment in the global air brake reservoirs market.
The ongoing efforts to achieve the targets set at the UN climate conference will further enhance the role of railways in the foreseeable future. New-fangled technologies such as driverless trains are bringing extra safety, reliability, and capacity to the railways, aiding to make rail travel even more attractive and competitive with other transport modes. The increasing market adoption of air disc brakes for commercial vehicles translates into production growth for air brake reservoirs. Delays in rail project construction in some countries impede the demand for air brake reservoirs; however, offset by a positive outlook for the automotive industry in developing regions.
Global Air Brake Reservoirs Market: Segmentation
The global air brake reservoirs market can be segmented on the basis of application, compartment configuration, diameter, and region.
On the basis of application, the global air brake reservoirs market is segmented as:
Rolling Stocks
Freight Cars
Commercial Vehicles
Buses & Coaches
Trucks and Trailers
On the basis of compartment configuration, the global air brake reservoirs market is segmented as:
Single Compartment Air Brake Reservoirs
Double Compartment Air Brake Reservoirs
Triple or Multiple Compartment Air Brake Reservoirs
On the basis of diameter, the global air brake reservoirs market is segmented as:
Up to 8 inches
8 – 9.5 inches
More than 9.5 inches
Global Air Brake Reservoirs Market: Regional Outlook
In terms of value, SEAP and China will continue to spearhead the global air brake reservoirs market, followed by Western Europe. Further, in the coming years, a study suggests that Europeis expected to remain at the top in the growth stakes, just edging ahead of Middle East & Africa. In terms of growth, Russian and Rest of Eastern Europe are set to plunge due to well-developed and mature nature of the rail market. The Indian and other developing countries’ railway network has been growing significantly. Investments and developments in India’s railway sector proliferate new opportunities for the rail component manufacturers. In China, the railway maintenance market is to see substantial growth in the next years. In a nutshell, public policies are bolstering the air brake reservoirs market. North America has a robust manufacturing infrastructure for heavy commercial vehicles. In the coming few years, the growth of the air brake reservoirs market will be mainly driven due to an increase in the production of commercial vehicles, such as trailers.
Global Air Brake Reservoirs Market: Key Participants
Examples of some of the key participants in the global air brake reservoirs market recognized across the value chain include:
Wabtec Corporation
Ice Industries
MAT Industries LLC (Sanborn Mfg.)
Velvac Inc.
Hoosier Tank and Manufacturing
Sanrok
Tramec Sloan LLC
JWP, Inc.
Frauenthal Automotive
Wheelco
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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