Press release
Air Brake System Market Overview: Major Segments, Strategic Developments, and Leading Companies
Air Brake System Market
Forecast of the Air Brake System Market Value by 2029
The air brake system market is projected to experience steady growth, reaching a valuation of $7.27 billion by 2030. This reflects a compound annual growth rate (CAGR) of 5.1% during the forecast period. Several factors are fueling this expansion, including the electrification of trucks, integration of advanced braking technologies, the rise of autonomous commercial vehicles, tightening safety regulations, and ongoing fleet modernization efforts. Important trends shaping the market involve increased use of air disc brakes, a heightened focus on heavy vehicle safety, the blending of electronic braking systems with traditional air brakes, growth in commercial vehicle fleets, and stronger adherence to regulatory standards.
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Leading Companies Influencing the Air Brake System Market
A range of prominent companies are active contributors to the air brake system industry. These include Knorr-Bremse AG, ZF Friedrichshafen AG, Eaton Corporation, Meritor Inc., Wabtec Corporation, Mando Corporation, Nabtesco Automotive Corporation, Haldex AB, Brakes India Pvt. Ltd., SORL Auto Parts Inc., SAF-Holland SE, MGM Brake, TSE Brakes Inc., Carlisle Brake & Friction, Federal-Mogul Corporation, Bendix Commercial Vehicle Systems LLC, Akebono Brake Industry Co., Ltd., Hitachi Astemo Ltd., Aisin Corporation, ADVICS Co., Ltd., and TMD Friction Group S.A.
Strategic Acquisition to Strengthen Market Position
In October 2024, Brazil-based automotive component maker Randoncorp S.A. acquired UK-based EBS Aftermarket Group Limited for US$73 million (£56 million). This move aims to broaden Randoncorp's global reach and reinforce its presence in the commercial vehicle aftermarket sector by leveraging EBS's distribution network and comprehensive braking system portfolio across Europe and Asia. EBS Aftermarket Group Limited specializes in manufacturing air brake components and complete braking systems tailored for commercial vehicles.
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Emerging Innovations Steering the Future of Air Brake Systems
Market leaders are channeling efforts into developing cutting-edge technologies to boost safety, performance, and efficiency in commercial braking systems. One notable advancement is electronic trailer braking systems (ETBS), which merge electronic control with pneumatic air brake technology to improve braking accuracy and safety for trailers. For example, in December 2023, Knorr-Bremse AG introduced its innovative iTEBS X system. This latest electronic trailer braking solution combines the control unit, sensors, and pneumatic functions into a compact, modular design, offering trailer manufacturers a cost-effective and technologically advanced option. The iTEBS X retains proven features from earlier models, such as efficient pneumatic coupling and synchronized tractor-trailer brake control, while adding enhancements like an integrated lift axle valve.
Detailed Breakdown of the Air Brake System Market Segments
This market report divides the air brake system sector into several key segments for comprehensive analysis:
By Type:
- Air Disc Brake
- Air Drum Brake
By Component:
- Compressor
- Governor
- Tank
- Air Dryer
- Foot Valve
- Brake Chamber
- Slack Adjuster
- Other Components
By Vehicle Type:
- Rigid Body Trucks
- Heavy Duty Trucks
- Semi-Trailer Tractor
- Bus
By Application:
- On-Road Vehicles
- Off-Road Vehicles
Further subcategories include:
Air Disc Brake Types:
- Single-Piston Air Disc Brakes
- Multi-Piston Air Disc Brakes
- Heavy-Duty Air Disc Brakes
- Lightweight Air Disc Brakes
Air Drum Brake Types:
- Full Air Drum Brakes
- Single Air Drum Brakes
- Twin Air Drum Brakes
- Heavy-Duty Air Drum Brakes
This segmentation offers a thorough understanding of the diverse components and applications within the air brake system market.
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