Press release
Emerging Air Brake System Market Trend 2025-2034: Advanced Electronic Trailer Braking Systems In The Commercial Vehicle Industry
Air Brake SystemMarket Market
The market size for air brake systems has seen a substantial increase in previous years. It is projected to rise from $5.38 billion in 2024 to $5.71 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The cause of this growth during the historical period can be credited to expansion in the railway sector, the demand for reliable and effective braking systems within the industry, the surge in the automobile industry, constant advancements in air brake technology, growing urbanization, and hence, the expansion of public transportation systems.
In the forthcoming years, the market for air brake systems is anticipated to witness robust growth, expanding to a value of $7.23 billion by 2029 at a compound annual growth rate (CAGR) of 6.1%. This acceleration during the prediction period can be attributed to the increasing demand for electric and hybrid buses, rising acceptance of heavy-duty vehicles, consumer safety consciousness, allotment of capital for the development of transportation infrastructure, and an expanding demand for utility vehicles. In the same forecast period, prominent trends entail integration with superior driver assistance systems or ADAS, electric air brake systems, automated production processes, geographical reach and progression as well as introduction of modular air brake systems.
What Is Stimulating Growth in the Air Brake System Market?
The rise in needs for commercial vehicles is anticipated to fuel the expansion of the air brake system market in the future. Commercial vehicles, which are typically bigger and sturdier than personal vehicles, are motor vehicles used for transporting goods or paying passengers, and they generate income or profits. This demand is driven by the growth of the infrastructure and the logistics and transportation industries requiring effective transport solutions. Commercial vehicles are equipped with air brake systems to ensure safety and efficiency by providing reliable braking power and improved control. The International Organization of Automobile Manufacturers, a France-based trade organization, reported that the worldwide production of light commercial vehicles escalated from 19.71 million units in 2022 to 21.44 million units in 2023. Hence, this escalating demand for commercial vehicles is spurring the growth of the air brake system market.
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Who Are the Major Industry Players Fueling Air Brake System Market Expansion?
Major companies operating in the air brake system market are ZF Friedrichshafen AG, Eaton Corporation, Wabtec Corporation, Knorr-Bremse AG, Mando Corporation, Meritor Inc., Nabtesco Automotive Corporation, SAF-Holland Inc., Brakes India Pvt. Ltd., SORL Auto Parts Inc., Jost World, Haldex AB, Zhejiang VIE Science & Technology Co. Ltd., ProVia LLC, Wabco India Ltd., Federal-Mogul Goetze (India) Ltd., TMD Friction Holdings GmbH, Dayton Parts Inc., Webb Wheel Products Inc., MGM Brake, Carlisle Industrial Brake & Friction Inc., TSE Brakes Inc., VELVAC Inc., Aventics, FUWA K-Hitch
Which Key Developments Are Influencing the Air Brake System Market?
Leading businesses in the air brake system market are concentrating their efforts on developing groundbreaking technologies, specifically electronic trailer braking systems. This innovation is intended to boost safety measures, overall performance, and efficiency in commercial vehicles. The advanced braking systems geared towards trailers, Electronic Trailer Braking Systems (ETBS), elevates safety and braking control through its electronic components added to the conventional pneumatic air brakes. For example, in December 2023, the German-based braking systems producer for rail and commercial vehicles, Knorr-Bremse AG, unveiled their latest electronic trailer braking system, iTEBS X. This moves towards catering to their customers' need for a technologically superior yet cost-effective electronic trailer braking system that caters to the progressive needs of the commercial vehicle industry. The iTEBS X merges the electronic control unit, sensor technology, and pneumatic brake control into one compact unit, offering a cost-effective and modular design geared towards trailer manufacturers. The new system retains the beneficial features of its predecessors, like the efficient pneumatic coupling design and synchronization of tractor and trailer brake control functions, with the addition of new features such as an integrated lift axle valve.
How Is the Segmentation of the Air Brake System Market Defined?
The air brake system market covered in this report is segmented -
1) By Type: Air Disc Brake, Air Drum Brake
2) By Component: Compressor, Governor, Tank, Air Dryer, ??Foot Valve, Brake Chamber, Slack Adjuster, Other Components
3) By Vehicle: Rigid Body Trucks, ?Heavy Duty Trucks, ??Semi-Trailer Tractor, Bus
4) By Application: On-Road, Off-Road Vehicle, Rolling Stock, Locomotive Electro-Pneumatic(EP), Electronically Controlled Pneumatic(ECP), Other Applications
Subsegments:
1) By Air Disc Brake: Single-Piston Air Disc Brakes, Multi-Piston Air Disc Brakes, Heavy-Duty Air Disc Brakes, Lightweight Air Disc Brakes
2) By Air Drum Brake: Full Air Drum Brakes, Single Air Drum Brakes, Twin Air Drum Brakes, Heavy-Duty Air Drum Brakes
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What Is the Leading Region in the Air Brake System Market?
Asia-Pacific was the largest region in the air brake system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air brake system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Air Brake System Global Market Report?
- Market Size Analysis: Analyze the Air Brake System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Brake System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Air Brake System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Brake System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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