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Air Brake System Market: Market Size & Forecasting (2016-2028)

07-31-2019 04:36 PM CET | Logistics & Transport

Press release from: QUINCE MARKET INSIGHTS

QMI

QMI

Air brake system market has been witnessing growth, owing to increasing demand for heavy vehicles globally with low maintenance and easy to install. Air brakes are usually installed in heavy-duty vehicles, such as buses, trucks, trailers, etc. Air brakes use compressed air for heavy pressure braking system to stop the vehicle. As trucks and trailers are usually heavy in weight, they need more power to stop, which cannot be achieved through a hydraulic braking system. They are mostly used in heavy-duty vehicles due to their design to stop the vehicle even if there is any leakage or failure. Moreover, they are easy to install in the chassis of the heavy-duty vehicles.

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The sale of heavy-duty vehicles and off-highway vehicles is increasing. There is a rise in consumer usage of heavy-duty vehicles in different activities such as mining, defense, construction, etc. The demand for long-distance transportation vehicles has led to the growth of the air brake system market. Moreover, growing safety concerns and low maintenance have resulted in the increased adoption of the air braking system in heavy-duty vehicles. However, the high cost of manufacturing could hamper its market during the forecast period. These brakes need to be scheduled hauling for cooling, which could also hamper the market. Furthermore, competition from hydraulic brake manufacturers may be a concern for the market. North America is expected to account for the largest market share, owing to the increasing sales of commercial vehicles. The Asia Pacific is expected to lead the air brake system market during the forecast period.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for air brake system market.

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Market Segmentation:

By Type:

• Disc
• Drum

By Component:

• Compressor
• Governor
• Tank
• Air Dryer
• Brake Chamber
• Others

By Vehicle Type:

• Rigid Body
• Heavy Duty
• Semi-Trailer
• Bus

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

• Knorr-Bremse
• WABCO, Meritor
• Haldex
• Wabtec Corporation
• Federal-Mogul Corporation
• Sorl Auto Parts
• TSE Brakes

About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

Contact:

Quince Market Insights
Pune - 411028
Email: sales@quincemarketinsights.com
Website: https://quincemarketinsights.com/
Phone: + 91-2026992033

About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

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