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Air Brake System Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Air Brake System Market
What Is the Current Air Brake System Market Size and Its Estimated Growth Rate?
The air brake system market has recorded consistent growth, increasing from $5.38 billion in 2024 to $5.71 billion in 2025 at a CAGR of 6.2%. Expansion during earlier years was driven by railway infrastructure growth, demand for dependable braking solutions, the automotive industry's rise, continual advancements in air brake technologies, and urban development that spurred public transport use.
The air brake system market is forecasted to reach $7.23 billion by 2029 at a CAGR of 6.1%, driven by EV/hybrid bus demand, vehicle safety awareness, infrastructure growth, and commercial transport needs. Trends will feature ADAS integration, electric brake systems, automation, geographic expansion, and modular components.
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How Are Emerging Segments Shaping the Air Brake System Market Landscape?
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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Which Growth Factors Are Influencing Air Brake System Market Expansion?
Demand for commercial vehicles is boosting the air brake system market, as reliable braking systems are crucial for these vehicles. The International Organization of Automobile Manufacturers reported that global light commercial vehicle production rose from 19.71 million in 2022 to 21.44 million in 2023.
Who Are the Dominant Players Across Different Air Brake System Market Segments?
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
What Are the Latest Developing Trends in the Air Brake System Market?
Leading firms in the air brake system market are rolling out advanced technologies such as electronic trailer braking systems to improve commercial vehicle safety and performance. In December 2023, Knorr-Bremse AG, a Germany-based brake system manufacturer, launched the iTEBS X, a compact, cost-effective braking system. It integrates sensors, control units, and pneumatic mechanisms into one unit and introduces features like a built-in lift axle valve while retaining legacy benefits.
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Which Geographic Regions Are Expected to Dominate the Air Brake System Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Air Brake System Market?
2. What is the CAGR expected in the Air Brake System Market?
3. What Are the Key Innovations Transforming the Air Brake System Industry?
4. Which Region Is Leading the Air Brake System Market?
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