Wilmington, Del., USA, Transparency Market Research, Inc., October 8, 2024 (Globe Newswire) — The global air brake systems market (Markt für Druckluftbremssysteme) is expected to reach USD 4.2 billion in 2023. I am. The market is expected to reach USD 5.9 billion by 2034, registering a CAGR of 3.2% from 2024 to 2034.
Air brake systems use compressed air instead of using hydraulic fluid. Some have a combination of both disc and drum brakes. Air pressure is required to both release the parking brake and apply the service brake.
This brake engages the parking brake part of the spring brake chamber by releasing the pressure in the chamber due to spring force. This feature allows the parking brake to also be used as an emergency braking mechanism.
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The majority of heavy vehicles and commercial vehicles use air brake systems because their precision reduces the number of road accidents. For high-speed trains, the installation of an air brake system is also recommended to effectively control air pressure and provide passengers with a smooth and safe ride.
Key findings of the market report
High-speed rail production has doubled in the past five years and this trend is expected to continue during the forecast period. Because high-speed rail provides a faster, safer, and more comfortable travel experience. However, the energy required to power these trains is enormous, and failure of the braking system can have disastrous consequences. Many high-speed train manufacturers prefer air brake systems, also known as air brake systems, to ensure vehicle comfort and safety. Passengers traveling.
Air brake system market trends
Urbanization and increasing transportation needs are increasing the need for off-highway trucks and commercial vehicles. As a result, manufacturers around the world have developed air brakes that guarantee safety and extended service life. The European Automobile Manufacturers Association estimates that 16.7 million vans, trucks and buses are produced annually around the world. Commercial vehicle manufacturers prefer air-assisted brakes because of their reliability. Additional benefits of air brake mechanisms for various types of multi-trailer trucks include an unlimited supply of air, which facilitates smooth operation of the braking system (where hydraulic fluid depletion is an issue). ).
Global Air Brake Systems Market: Regional Outlook
In 2023, Asia-Pacific accounted for the largest share in the Air Brake Systems Market (Markt für Druckluftbremssysteme) and this situation is expected to hold true during the forecast period. This is explained by the region’s recent emergence as one of the centers of the automobile manufacturing industry. According to a report by the International Automobile Construction Organization (OICA), more than 55% of the trucks produced worldwide are produced in the Asia-Pacific region. This is because companies like Ashok Leyland, Tata Motors, Xiamen King Long Motor, and Zhenghou Yutong are focused on developing unique solutions to address the everyday braking and driving situations that drivers encounter. Due to the increasing practicality of commercial vehicles and the subsequent rise of automobiles, the air brake system market is expected to consistently grow in the freight transportation sector, North America, and Europe. Additionally, the growth of the e-commerce industry is increasing the need for larger and longer-range vehicles that perform better when equipped with air brake systems.
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Global Air Brake System Market: Key Players
Manufacturers in the air brake system industry are choosing inorganic development strategies to expand their market share in the brake air system industry.
For example, ZF and Navistar signed an agreement in March 2021 for ZF to supply 100 Navistar international trucks equipped with MAXXUS L2.0 air disc brakes. To connect with Chinese customers, Haldex and FAST Group signed an agreement in April 2021.
In order to gain a bigger foothold, major players in the Air Brake System market are also launching new and updated products and services. The following companies are well-known participants in the global air brake system market:
Aventics GmbHBrakes IndiaFederal-Mogul CorporationFort Garry IndustriesHaldexKnorr-Bremse AGKnott Brake CoKongsbergMahle GroupMEI BrakesMeritor Inc.Metelli GroupNabtesco CorporationSealco Commercial Vehicle ProductsSilverbackHDSORL Auto Parts, Inc.Tata AutoComp Systems LimitedTSE Brakes Inc.Wabtec CorporationZF Friedrichshafen AG
Key developments by the players in this market include:
Mando Corporation announced the idea of “Freedom in Mobility” in January 2021. It consists of the company’s electrical hyperconnectivity-based BbW (Brake-by-Wire) and an integrated module of “x-by-Wire” technology that connects the BbW. SbW (steer-by-wire) system. Meritor and Daimler Trucks North America (DTNA) announced in November 2020 that Meritor EX+ LS air disc brakes (ADB) will be standard equipment on Freightliner Cascadia truck models by 2025. . Cooperation will also be expanded.
Global Air Brake System Market Segmentation
component
Compressor Governor Storage Tank Air Dryer Foot Valve Brake Chamber Slack Adjuster Others
Type of brake
air drum brake air disc brake
material
Vehicle type
Small commercial vehiclesLarge commercial vehiclesIntegrated trucksSemi-trailersRefrigerated trailersFlatbed trailersDry vansCurtain trailersTankersOthers (dump trailers, etc.)
application
region
North America Latin America Europe Asia Pacific Middle East and Africa
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