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Air Brake System Market Report By Size, Share, Opportunity, Segments and key players like Aventics, Federal-Mogul, Fort Garry Industries, Fritec, Haldex, Knorr-Bremse, Kongsberg, Mahle Aftermarket and Meritor

07-19-2019 06:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Air Brake System Market Report By Size, Share, Opportunity,

The Global Air Brake System Market is accounted for $3.96 billion in 2017 and is expected to reach $6.23 billion by 2026 growing at a CAGR of 5.2% during the forecast period. Growing population around the globe, increasing demand for heavy-duty trucks, rising number of railways and high growth in urbanization are some of the key factors fuelling the market growth. However, factors such as high cost and rising focus on electric trucks and buses are hindering the growth of the market.

Get sample copy of report at: http://bit.ly/2Z1koEf

Some of the key players profiled in the Air Brake System Market include Aventics, Federal-Mogul, Fort Garry Industries, Fritec, Haldex, Knorr-Bremse, Kongsberg, Mahle Aftermarket, Meritor, Nabtesco, Sealco, Silverbackhd, Sorl Auto Parts, TSE Brakes, Wabco, Wabtec, ZF, Tata Autocomp and MEI Brakes.

By component, storage tank segment is expected to have a significant growth during the forecast period. Air storage tanks are used to hold compressed air. The number and size of air tanks varies among vehicles. The tanks hold enough air to allow the brakes to be used several times, even if the compressor stops working. Based on geography, Asia Pacific holds the largest market share during the forecast period owing to rising population and urbanization and consumers shifting focus towards vehicle safety.

Components Covered:
- Air Dryer
- Brake Chamber
- Compressor
- Foot Valve
- Governor
- Slake Adjuster
- Storage Tank

Brake Types Covered:
- Air Disc Brake
- Air Drum Brake

Applications Covered:
- Heavy Commercial Vehicles (HCVs)
- Light Commercial Vehicles (LCVs)
- Passenger Cars

The global study on Air Brake System market sums up area wise market distribution with respect to five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America covering the political, economic, social, and technological scenario for each region and its impact on the market.

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Table of Contents

1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Air Brake System Market, By Component
6 Global Air Brake System Market, By Brake Type
7 Global Air Brake System Market, By Application
9 Global Air Brake System Market, By Geography
10 Key Developments
11 Company Profiling

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Premium Market Insights,
Contact Person: Sameer Joshi
Email: sales@premiummarketinsights.com
Website: www.premiummarketinsights.com

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Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

We provide best in classcustomer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

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