Press release
Air Brake System Market to Surpass $6.94 Billion by 2029 | Key Trends & Insights
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.How Will the Air Brake System Market Grow by 2025 in Terms of Size and Growth?
Gains in the air brake system market size have been continual over the past years. The market, which is projected to expand from $5.38 billion in 2024 to $5.64 billion in 2025, is expected to achieve a compound annual growth rate (CAGR) of 4.8%. The historic period's growth has been driven by factors such as railway development, the necessity for effective and trustworthy braking systems in the sector, the surge of the automobile industry, unceasing enhancements in air brake technology, escalating urbanization, and the resulting expansion of public transportation systems.
What Are the Estimated Growth Rates for the Air Brake System Industry Through 2029?
In the upcoming years, the air brake system market is predicted to experience substantial growth, escalating to $6.94 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 5.4%. This surge in the projection period can be credited to the escalating demand for hybrid and electric buses, an increase in the adoption of heavy-duty vehicles, expanding consumer consciousness about vehicle safety, rising investment in transportation infrastructure, and an augmenting demand for commercial vehicles. The forecast period also foresees major trends such as advanced driver assistance systems (ADAS) integration, electric air brake systems, automated production, geographical expansion, and the innovation of modular air brake systems.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/air-brake-system-global-market-report
What Are the Strategic Drivers Boosting Air Brake System Market Performance?
The rising need for commercial vehicles is set to fuel the expansion of the air brake system market in future. Commercial vehicles, which consist of motor vehicles designed for the transport of goods or passengers in exchange for payment or profit, are typically bigger and sturdier than personal vehicles. This increased demand for commercial vehicles is attributed to the growth of infrastructure, as well as the expansion of logistics and transportation industries requiring effective transport options. Air brake systems integrated in commercial vehicles ensure safety and efficacy, providing dependable braking power and superior control. For example, the International Organization of Automobile Manufacturers, based in France, reported that the global production of light commercial vehicles spiked from 19.71 million units in 2022 to 21.44 million units in 2023. Thus, the escalating demand for commercial vehicles is propelling the growth of the air brake system market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16579&type=smp
What Are the Segments in the Air Brake System Market?
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
What Are the Key Adoption Trends in the Air Brake System Market?
Leading enterprises in the air brake system market are adopting strategies like launching new technologies, such as electronic trailer braking systems, to heighten safety, performance, and efficiency of commercial vehicles. These electronic trailer braking systems (ETBS) are progressive braking mechanisms intended for trailers, boosting braking control and safety by implementing electronic elements with conventional pneumatic air brake systems. For instance, in December 2023, a premier manufacturer of braking systems for rail and commercial vehicles based in Germany, Knorr-Bremse AG, rolled out an innovative electronic trailer braking system, iTEBS X. The aim was to cater to their customers' requirements with an advanced, cost-efficient electronic trailer braking setup that aligns with the contemporary demands of the commercial vehicle sector. The novel iTEBS X merges the electronic control unit, sensor technology, and pneumatic brake control in one streamlined assembly, proving to be a cost-effective and modifiable design for trailer manufacturers. It carries forward the desirable attributes of its predecessors, like an efficacious pneumatic coupling design and consolidation of tractor and trailer brake control features, while also incorporating new features like an integrated lift axle valve.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16579&type=smp
Which Companies Lead the Competitive Landscape of the Air Brake System Industry?
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
Where Are the Key Air Brake System Market Opportunities by Region?
Asia-Pacific was the largest region in the air brake system market in 2024. 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.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 to Surpass $6.94 Billion by 2029 | Key Trends & Insights here
News-ID: 4174802 • Views: …
More Releases from The Business Research Company

Global Portable Car Vacuum Cleaner Market Size, Share, and Forecast Analysis 202 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Portable Car Vacuum Cleaner Market Size Forecast for 2025?
The market for portable car vacuum cleaners has expanded significantly of late. The size of the market is projected to swell from $8.1 billion in 2024 to $8.67 billion in 2025, representing a compound annual growth rate (CAGR)…

Communication-Based Train Control System Market to Record 9.4% CAGR Growth Throu …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Communication-Based Train Control System Market Outlook: How is the Market Expected to Grow by 2025?
The market size for the communication-based train control system has significantly expanded in the past few years. It's expected to balloon from $4.54 billion in 2024 up to $5.03 billion in 2025, yielding a compound…

IoT Fleet Management Industry to See Robust Expansion, Valued at $15.67 Billion …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the IoT Fleet Management Market from 2024 to 2025?
In the past few years, there has been a substantial expansion in the size of the iot fleet management market, and it is projected to continue growing, moving from a total worth of $7.96 billion in 2024…

Green Logistics Industry Set to Achieve $1846.16 Billion Milestone by 2029 | Ste …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Green Logistics Market Size 2025?
In the past few years, there has been significant growth in the size of the green logistics market. The market is predicted to expand from $1290.66 billion in 2024 to $1387.49 billion in 2025, with a compound annual growth…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…