Global Air Brake System Market size was US$ 4.96 Bn. in 2023 and is expected to reach US$ 6.91 Bn. by 2030, at a CAGR of 4.87% during forecast period.
Air Brake System Market Overview:
A research team conducted extensive primary and secondary research for the worldwide industry's Air Brake System market study. Secondary research was conducted to supplement existing data, segment the market, assess total market size, anticipate market size, and growth rate.
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Market Scope:
Our team at Maximize collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study's country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
Segmentation:
by Component
Compressor
Reservoir
Foot Valve
Brake Chambers & Slack Adjusters
Others
by Vehicle Type
Rigid Body
Heavy-Duty
Semi-Trailer
Others
by Brake Type
Disc
Drum
by Technology
ABS (Anti-lock Braking System)
TCS (Traction Control System)
ESC (Electronic Stability Control or Electronic Stability Program)
EBD (Electronic Brake-force distribution)
Others
by Application
Automotive
Buses
Trucks
Others
Railways
Others
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Key Players: the key players are
1. SORL Auto Parts, Inc.
2. ZF TRW Automotive Holdings Corporation
3. Wabco
4. Meritor
5. Continental AG
6. Aisin Seiki Co. Ltd.
7. Akebono Brake Industry Co. Ltd.
8. Haldex AB
9. Knorr-Bremse AG
10.Nissin Kogyo Co. Ltd.
11.Mando Corporation
12.Brembo S.P.A.
13.Federal-Mogul Holdings Corporation
14.YUMAK Air Brake Systems
15.Airmaster Brake Systems
16.Brakes India Limited
17. Honeywell International Inc.
18. Bendix Commercial Vehicle Systems LLC
19. Schaeffler Group
20. Dura Automotive Systems
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Regional Analysis:
A country-level examination of the Air Brake System Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Air Brake System Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Air Brake System Market: The impact of COVID-19 on global Air Brake System market has also been included in the report.
Key Questions answered in the Air Brake System Market Report are:
Which product segment had the largest share in the Air Brake System market in 2020?
How is the projected competitive landscape of the Air Brake System market in the forecast period (2021-2027)?
Which are the key factors aiding the Air Brake System market growth?
Which region is responsible for the maximum share in the Air Brake System market in 2020?
What will be the CAGR of the global Air Brake System market in the forecast period (2021-2027)?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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