Analysis of Air Brake Market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global air brake market is valued at US$ 6.25 billion in 2024 and is forecasted to expand at a CAGR of 2.7% to reach US$ 8.99 billion by 2034.
One part of cars that creates friction is the air brake system, also referred to as a compressed air brake. Compressed air pushes the piston in this system, applying pressure to the brake pad and brake shoe to assist stop the car.
Commercial vehicles, including buses, trucks, and railroads typically employ air brakes. The working pressure of the system is between 100 and 120 psi (690 and 830 kPa or 6.9 and 8.3 bar).
The development of air brake system technology to lower weight and make it suitable for passenger trains is driving the growth of the air brake system market. In addition, the growing demand for commercial vehicles brought on by the logistics industry's rapid expansion is anticipated to fuel air brake market growth during the projection period.
Companies, mentioned in the air brake industry outlook, have been developing braking systems that are compatible with electric trucks and buses because of the rising trend toward electrification and hybridization of vehicles. For efficient functioning in commercial vehicles, air brake components are also necessary for the adoption of ADAS with an automatic emergency braking system.
The market is anticipated to expand because of major firms' focus on creating electronic braking systems to improve vehicle safety. The market is expanding due to companies creating technologies that lighten air brake systems without sacrificing performance or safety. Brakes India, a division of TSF Group, introduced 25 air brake system components in January 2023 after focusing on their development over the past few years.
| Report Attribute | Detail |
|---|---|
| Air Brake Market Size (2024E) | US$ 6.25 Billion |
| Forecasted Market Value (2034F) | US$ 8.99 Billion |
| Global Market Growth Rate (2024 to 2034) | 2.7% CAGR |
| East Asia Market Growth Rate (2024 to 2034) | 2.7% |
| North America Market Value (2034F) | 2.92 Billion |
| Light Commercial Vehicle Segment Value (2034F) | US$ 2.2 Billion |
| Drum Brake Segment Value (2034F) | US$ 5.07 Billion |
| Key Companies Profiled | Haldex; Knorr-Bremse; Meritor; SORL Auto Parts Inc.; Aisin; Continental; Brembo; Tenneco Inc.; TRW Automotive |
According to the latest study by Fact.MR, the air brake market is set to witness a moderate growth rate during the forecast period. The rising adoption of braking solutions in medium and heavy duty vehicles is one of the foremost driving factors that is expected to drive overall growth and register a net valuation of around US$ 9 billion by 2034. Air brakes are gaining attention with the rise in vehicle safety apprehensions among end users lashing air brake manufacturers to deliver innovative features in braking systems.
Manufacturers are augmenting the features in air braking systems, such as brake failure warning systems, to fascinate a higher consumer base globally. Prominent key players are investing comprehensively in research & development to lift innovations and uphold a robust position in the highly competitive market.
Currently, hydraulic brakes are widely used in vehicles, which bear a safety-related issue, as these hydraulic brakes are not skillful at creating sufficient power to offer protection to heavy and medium vehicles. Snowballing vehicle production globally from numerous vehicle manufacturers is projected to drive the progress of braking systems during the forecast period.
Apart from leveraging innovative technologies to improve braking features, manufacturers are adopting advanced advertising strategies to attract end-users devotion. Introducing braking repair kits is an emerging trend among manufacturers and distributors worldwide.
Ultimately, prominent key players are collaborating with suppliers and distributors in the automotive industry to increase their sales around the world. Despite the rigorous protocols, prominent manufacturers are adopting advanced technologies to redefine the progress in the upcoming years.
The demand for safety features, such as air brakes and other braking systems is on the rise due to the increasing number of worldwide road accidents. According to ASIRT (Association of Safe International Road Travel), nearly 1.3 million people die each year in road accidents globally, with an average of 3.2 demises per day. Whereas, traffic accidents are the leading cause of death and account for 2.2% of all deaths worldwide.
People are more worried about these conditions and the demand for safety features to be integrated into their vehicles. The current progressions in automotive safety developments and technology in aerodynamic design have aided in exploiting more engine power competently and helped end-users to achieve more speeds.
However, Driving automobiles at high speeds demands operative vehicle stability. These manufacturers are mostly focused on the improvement of vehicles that are fast and safe, as opined in the air brake industry analysis.
Air Brakes have become a crucial and significant part of any vehicle to certify safety, which is highly essential when the demand for speed is increasing steadily. However, the development of the automotive industry is expected to drive potential as stated in the air brake industry outlook along with the increasing concerns over resulting government pressures and safety. Significantly turning the automotive manufacturer towards the introduction of higher braking technology content, thereby driving the global demand for air brakes.
The rising cost of automobiles has enhanced the disposition toward on-demand services that assist users in registering their bookings at minor costs through websites or mobile applications. Swelling usage of car rental and sharing services by transportation is also anticipated to strengthen the overall growth over the forecast period.
Whereas, regulatory authorities worldwide have initiated to make their urban public transport system more bearable and fuel-efficient with the use of e-buses. The rise in transportation is due to strong economic activities and positive monetary positions in many developed and developing regions, such as China and India during the forecast period.
The increasing stringency of transportation in several countries has obliged key players to adopt braking technology. Thus, the rise of such public transportation and the adoption of new air brakes into heavy vehicles to augment the worldwide air brake sales.
Asia Pacific region is expanding at a noteworthy pace, followed by Europe and North America. Air brakes are mostly used in heavy commercial vehicles. The region is known for manufacturing cost-effective and compact commercial vehicles and comprises some of the prominently growing economies of the world, including China and India.
The Asia Pacific region is estimated to be the largest market for air brakes during the forecast period owing to the higher availability of manufacturing units for heavy commercial vehicles compared to other regions. China is a prominent player in the region due to the higher production of air brakes for all types of heavy trucks.
Mounting urbanization and industrialization in emerging countries, such as China and India along with growing awareness for driver’s safety and the vehicle is set to fuel the demand for air brakes in the region. The region is an urbanized hub for agricultural tractors due to the great farming requirements.
The mounting adoption of mechanical farming rehearses has amended farm productivity, which in turn has increased the demand for air brakes in commercial vehicles, including tractors.
Growing end-user demands for lower time-consuming and higher-efficiency braking activities continue to drive demand for air brakes. The automobile & railways are one of the largest and most significant sectors utilizing such products.
North America is projected to witness a steady rise, owing to the growth in subsequent demand for industrial robotics and the implementation of automation processes, which is playing a major role in the rapid manufacturing of products with minimal errors.
North America holds momentous shares owing to growing severe rules and regulations for vehicle safety. Automobile manufacturers are providing their foregoing vehicle models having suitable hardware with collision avoidance systems. All in all, the air brake industry analysis is projected to show positive growth during the forecast period.
The key manufacturers of air brakes are :
These leading players have implemented various development strategies to expand their universal presence and escalate their respective sales. For Instance, Knorr-Bremse introduced 2 new disc brakes, “NEXTT and SYNACT” in 2018 for future manufacturing of heavy-duty commercial vehicles. Whereas SYNACT conquers new dimensions of weight and performance. With the smooth-running of internal mechanics and lighter caliper, the full braking torque of 30 kN-m remains accessible even during protracted braking tactics.
Some of the leading suppliers of air brakes are :
These key players & suppliers offer a product line of numerous air brakes with different types considered for use over various commercial vehicles. Additionally, geographic expansion of the key players & suppliers and strict regulatory guidelines are responsible for the growing revenue of the market.
Air Brake Market Report Highlights :
Must-have information for market players to sustain and enhance their market footprint
What is the current valuation of the air brake market in 2024?
The global air brake market in 2024 is estimated to make a revenue of US$ 6.25 billion.
At what rate is the market for air brakes forecasted to progress in the next 10 years?
The global market for air brakes is projected to advance at a CAGR of 2.7% between 2024 and 2034.
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by Vehicle Type
Table 04: Global Market US$ Mn Forecast by End Use Industry
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Product Type
Table 07: North America Market US$ Mn Forecast by Vehicle Type
Table 08: North America Market US$ Mn Forecast by End Use Industry
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Vehicle Type
Table 12: Latin America Market US$ Mn Forecast by End Use Industry
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Vehicle Type
Table 16: Western Europe Market US$ Mn Forecast by End Use Industry
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Vehicle Type
Table 20: Eastern Europe Market US$ Mn Forecast by End Use Industry
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Vehicle Type
Table 24: East Asia Market US$ Mn Forecast by End Use Industry
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Vehicle Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by End Use Industry
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Vehicle Type
Table 32: MEA Market US$ Mn Forecast by End Use Industry
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Air Brake Market