Air Brake System Market 2021-2027 : Comprehensive Analysis, Top Key Players Analysis
Allied Market Research published a report, titled, "Air Brake System Market by Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, and Others), and Vehicle Type (Trucks, Bus, and Rolling Stock): Global Opportunity Analysis and Industry Forecast, 2018-2026." According to the report, the global air brake system industry generated $4.81 billion in 2018, and is expected to reach $6.59 billion by 2026, registering a CAGR of 4.4% from 2019 to 2026.Download Report Sample: https://www.alliedmarketresearch.com/request-sample/5593
Allied Market Research Logo
Drivers, restraints, and opportunities
Surge in sales & production of commercial vehicles & off-highway trucks and surge in number of railways & high-speed trains drive the growth of the global air brake system market. However, higher cost of air brakes as compared to hydraulic brakes and rise in focus on electric trucks & buses hinder the market growth. On the other hand, regulations related to load carrying capacity and mandates on air brakes installation create new opportunities in the market.
The air drum brake segment to maintain its leadership status during the forecast period
Based on type, the air drum brake segment held more than four-fifths of the total share of the global air brake system market in 2018, and is estimated to maintain its leadership status during the forecast period. This is due to wide usage of safety components and increased production & sales of vehicles across the globe. Moreover, the air disc brake segment is expected to grow at the fastest CAGR of 5.4% from 2019 to 2026, owing to the trend of automation and technological advancements.
The rolling stock segment maintain its dominant position by 2026
Based on vehicle type, the rolling stock segment contributed the highest market share in the global air brake system market, accounting for more than two-fifths of the market share in 2018, and is expected to maintain its dominant position during the forecast period. This is attributed to the introduction of automation in railways across the globe. However, the truck segment is expected to grow at the highest CAGR of 5.3% from 2019 to 2026. This is due to increased production and sales of the vehicle across the globe.
Make Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5593
North America to maintain its highest contribution in terms of revenue by 2026
Based on region, North America contributed to the largest market share, accounting for more than two-fifths of the global air brake system market in 2018, and is expected to maintain its highest contribution in terms of revenue during the forecast period. This is due to adoption of advanced technology along with the constant development in air brake systems. However, Asia-Pacific is expected to maintain the fastest CAGR of 5.4% from 2019 to 2026, owing to wide applications of air brakes in vehicles with increased transportation having an efficient safety and security system.
Leading market players
Knorr-Bremse
Wabco
Meritor
Haldex
ZF Friedrichshafen AG
Wabtec
Nabtesco
TSE Brakes
Federal-Mogul Sorl Auto Parts
Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/5593
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Air Brake System Market 2021-2027 : Comprehensive Analysis, Top Key Players Analysis here
News-ID: 2256073 • Views: โฆ
More Releases from Allied Market Research
Community Based Tourism Market Expected to Surge to $2136.8 Billion by 2032, Dri โฆ
According to a new report published by Allied Market Research, titled, "Community Based Tourism Market Size, Share, Competitive Landscape and Trend Analysis Report by Age, by Traveler Type, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032." The report offers an in-depth examination of key investment areas, successful strategies, drivers, opportunities, market size estimations, competitive landscape, and evolving market trends. ๐๐ก๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐๐ฌ๐๐ ๐ญ๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญโฆ
K-pop Events Market Expected to Surge to $20 Billion by 2031, Driven by 7.3% CAG โฆ
According to a new report published by Allied Market Research, titled, "K-pop Events Market by Type (Rock, Jazz, Pop, Others), by Revenue Source (Tickets, Sponserships, Others), by Gender (Male, Female): Global Opportunity Analysis and Industry Forecast, 2021-2031". The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter's Five Forces, and competitive scenario. ๐๐ก๐ ๐ค-๐ฉ๐จ๐ฉ ๐๐ฏ๐๐ง๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐งโฆ
Music Event Market Size Value US$ 481.4 Billion by 2031, with a CAGR of 9.7% Rec โฆ
๐๐ก๐ ๐ฆ๐ฎ๐ฌ๐ข๐ ๐๐ฏ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ ๐๐ง๐ ๐ข๐ฌ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก $๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ญ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
According to a new report published by Allied Market Research, titled "Music Event Market By Revenue Source, By Genre, By Type, By Age Group, By Gender: Global Opportunity Analysis and Industry Forecast, 2021-2031" The report provides a detailed analysis of theโฆ
Glamping Market Projected to Worth US$ 7.11 Billion by 2031, Growth Rate (CAGR) โฆ
According to a new report published by Allied Market Research, titled, "Glamping Market By Application, By Age Group, By Size, By End User, By Distribution Channel, By Product Type: Global Opportunity Analysis and Industry Forecast, 2021-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. ๐๐ก๐ ๐ ๐ฅ๐๐ฆ๐ฉ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐.๐๐โฆ
More Releases for Brake
Brake Pad Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Mat โฆ
Brake pads are used in automotive and other application and they are a component of brake disc. Brake pads are fixed in brake caliper and they helps in converting kinetic energy of vehicle into thermal energy. Increasing demand for environment friendly and light weight braking material is fueling the growth of brake pad.
Studying and analyzing the impact of Coronavirus COVID-19 on the Brake Pad industry, the report provides in-depth analysisโฆ
Brake Pads, Rotors & Brake Shoes Market: Competitive Dynamics & Global Outlook 2 โฆ
LP INFORMATION offers a latest published report on Brake Pads, Rotors & Brake Shoes Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Brake Pads, Rotors & Brake Shoes market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024,โฆ
North America Industrial Brakes Market by Type (Mechanically-applied Brake, Hydr โฆ
The North America industrial brakes market was valued at $146 million in 2017, and is projected to reach $189.48 million by 2025, growing at a CAGR of 3.4%. Industrial brakes play a crucial role in mechanical power transmission to deliver mechanical energy to shafts. This aids in facilitating motion in the industrial equipment. The speed of the motion can be controlled and subsequently used to deliver the desired action orโฆ
Global Car Brake Pads Market Analysis 2018 Forecasts To 2025 : Federal Mogul, BO โฆ
Global Car Brake Pads Market
Description:-
Wiseguyreports.Com Adds โGlobal Car Brake Pads Market 2018: Global Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2025โ To Its Research Database
Key Content of Chapters
Part 1:
Terminology Definition, Industry Chain, Industry Dynamics & Regulations and Global Market Overview
Part 2:
Upstream (Raw Materials / Components) & Manufacturing (Procurement Methods & Channels and Cost) , Major Regional Production Overview and Trade Flow
Part 3:
Product Segment Overviewโฆ
Automotive Brake System & Components Market Report 2018: Segmentation by Product โฆ
Global Automotive Brake System & Components market research report provides company profile for Nissin Kogyo, Bosch, Akebono Brake, Magneti Marelli, Mando, Brembo, Continental, ZF Friedrichshafen, Delphi, Valeo, Federal-Mogul and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018โฆ
Brake Linings Market Report for Period 2011 till 2023 - MAT Holdings, Meritor, J โฆ
Global Brake Linings market report provides detailed analysis of companies namely MAT Holdings, Meritor, Japan Brake Industrial, Nsshnbo, Fuji Brake, Bendix, Sangsin, ICER, Marathon Brake System and Others. This report study includes global market statistics and analysis for example, company performance, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2017 to 2023, etc.
Brake linings areโฆ