Press release
Global Air Brake System Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
The air brake system is a type of stopping device that is used in large, heavy vehicles. An air brake, also known as a compressed air brake system, is a sort of friction brake intended for cars. It works by applying compressed air to a piston, which then exerts pressure on the brake pads, bringing the vehicle to a stop. Large and heavy vehicles, especially those with many trailers, must be connected to the air brake system. Examples of these vehicles are trucks, trailers, buses, and railroad trains. In lighter cars, a water-driven stopping mechanism is used; the air-powered braking system is used as an alternative.
Browse complete "Air Brake System Market" report with TOC @ https://www.strategymrc.com/report/air-brake-system
Europe is projected to have the highest CAGR over the forecast period. As consumers in the region are showing an increased inclination toward safety awareness, the region has witnessed higher growth than the matured markets. The ease of setting up manufacturing facilities has attracted a lot of firms to the area. Additionally, the market is growing as a result of both the rising accident rate and the rise in automobile ownership.
Some of the key players profiled in the Air Brake System Market include ZF Friedrichshafen AG, Nabtesco Automotive Corporation, Brake Systems Inc., Meritor, Inc., Wabtec Corporation., Knorr-Bremse AG, SORL Auto Parts, Inc., Tenneco Inc., Grindlays Engine Parts Pvt. Ltd., Haldex, WABCO Holdings Inc., Hino Motors, Ltd., TSE Brakes Inc., ZF Friedrichshafen AG, Asia Brake Valve Co., Ltd., Soul Auto Parts, SAF-Holland and Knorr-Bremse AG.
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Key Developments:
In April 2023, SAF-Holland announced the launch of its new Air Disc Brake system. The Air Disc Brake is a brake system that is designed to improve the safety and performance of commercial vehicles.
In April 2023, Knorr-Bremse AG announced the launch of its commercial vehicle aftermarket brand Knorr-Bremse Truck Services in South America. The portfolio for dealers, workshops, and fleet operators was presented at Automec 2023 in South America.
In March 2023, Continental announced the launch of its new ContiTrailer EBS 3.0 air brake system. The ContiTrailer EBS 3.0 is a brake system that is designed to improve the efficiency and performance of trailer brakes.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information about this report visit https://www.strategymrc.com/report/air-brake-system
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Organization: Stratistics Market Research Consulting Pvt Ltd
Address: #233, Woods Enclave, Pet Basheerabad, Hyderabad - 500055, India.
Phone: +1-301-202-5929
Website: https://www.strategymrc.com
About Us:
Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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