Air Brake System 2019 Market Segmentation,Application,Technology & Market Analysis Research Report to 2026

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Apr 11, 2019 (AB Digital via COMTEX) —  

Air Brake System Industry 2019

Description:-

Air Brake System Market was valued at US$ 4.1Bn in 2017 and is expected to reach US$ 6Bn by 2026, at a CAGR of 4.87% during a forecast period.

Increase in heavy commercial vehicle production in Asia pacific and Europe market. Owing to the increasing technological advancements, increasing concerns over safety, and stringent government mandates to improve commercial vehicle safety, the demand for air brake systems is estimated to increase in the coming years. Vehicles now are able to access upon the external information and content are factors to impact more on the growth of Air Brake System market.

 

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Based on the Vehicle, Heavy-Duty vehicle is expected to hold the largest share in the market during the forecast period. Rising potential demand for trucks in every country. Automation and connectivity are driving the heavy duty vehicle industry. Owing to the increasing manufacturing across the globe. High availability of raw materials and low-cost labors will promote heavy-duty trucks industry across the region. Inclining international and local trading activities world-wide will fuel the heavy duty trucks industry growth over the projected timeframe. Around 2017, it appears to have stabilized the heavy truck market, and there is reason to expect further growth averaging 5.0 percent or more annually between forecasted period. In Type, Disc is also expected to lead the market growth.

The report provides details list of drivers and restraints of the market, which are influencing the market growth.

Major driving factors of the Air Brake System market are increasing the quantity of vehicles has expanded essentially over the globe because of modernization and enhanced spending energy of individuals. This has prompted an expansion in the automotive emanation levels too. Increasing demand from passenger and commercial vehicle. Increasing R&D activities by major players for development of cost effective product is expected to create new opportunities. Intelligent transport systems giving alert to drivers in traffic conditions, tolls and optimum routes, as well as driver assistance systems to control speed, stability and even air brake system requirement are factor’s to boost the demand for Air Brake System market. The high cost and increasing stopping distance of air brakes over hydraulics brakes will act as a restraint to the market.

In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period. The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. Environmental concerns, safety features, and Internet connection are increasing rapidly in this region. Population with enormous projected growth has important implications in terms of economic development. Needs and preferences of truck owners and operators and evolving business environment. China, India and Japan are leading market player in Asia pacific.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis. 

Scope of the Report for Air Brake System Market 
Global Air Brake System Market, by Vehicle 
Rigid Body 
Heavy-Duty 
Semi-Trailer 
Bus 

Global Air Brake System Market, by Type 
Disc 
Drum 

Global Air Brake System Market, by Technology 
ABS – (Anti-lock Braking System) 
TCS – (Traction Control System) 
ESC – (Electronic Stability Program or Electronic Stability Control) 
EBD – (Electronic Brake force distribution) 

Global Air Brake System Market, by Rolling Stock & Locomotive 
Air 
EP – (Electro-Pneumatic) 
ECP – (Electronically controlled pneumatic) 
Others 

Global Air Brake System Market, by Region 
North America 
Europe 
Asia Pacific 
Middle East & Africa 
South America 

Key Players Operating in Air Brake System Market 
SORL Auto Parts, Inc. 
ZF TRW Automotive Holdings Corporation 
Wabco 
Meritor 
Continental AG 
Aisin Seiki Co. Ltd. 
Akebono Brake Industry Co. Ltd. 
Haldex AB 
Knorr-Bremse AG 
Nissin Kogyo Co. Ltd. 
Mando Corporation 
Brembo S.P.A. 
Federal-Mogul Holdings Corporation3 
YUMAK Air Brake Systems 
Airmaster Brake Systems 
Brakes India Limited

 

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Table Of Contents – Major Key Points

1. Preface 
    1.1. Research Objectives 
    1.2. Report Scope and Market Segment System

2. Assumptions and Research Methodology 
    2.1. Report Assumptions 
    2.2. Abbreviations Used 
    2.3. Research Methodology 
      2.3.1. Secondary Research 
          2.3.1.1. Secondary data 
          2.3.1.2. Secondary Sources 
      2.3.2. Primary Research 
          2.3.2.1. Data from Primary Sources 
    2.4. Breakdown of Primary Sources

3. Executive Summary 
    3.1. Global Air Brake System Market Size, by Value (US$) and Volume (Unit).

4. Market Overview 
    4.1. Introduction 
    4.2. Market Indicator 
      4.2.1. Drivers 
      4.2.2. Restraints 
      4.2.3. Opportunities 
      4.2.4. Challenges 
    4.3. Market Analysis 
      4.3.1. Porter’s Analysis 
      4.3.2. Value Chain Analysis 
      4.3.3. SWOT Analysis 
    4.4. Industry Trends

5. Global Air Brake System Market Decision Framework 
    5.1. Porter’s Analysis 
    5.2. Value Chain Analysis 
    5.3. SWOT Analysis 
    5.4. PEST Analysis

Continued……

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