This  Air Brake System Market  report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Electric Enclosure  report simplifies managing marketing of goods and services effectively.

Global air brake system market was valued at USD 2,235 million in 2022 and is expected to reach USD 5,560 million by 2029, registering a CAGR of 5.7% during the forecast period of 2023-2030.

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Market Overview:

The rapid urbanization across the globe acts as one of the major factor driving the growth of global air brake system market. The surge in the in sales and production of commercial vehicles and off-highway trucks, and integration of the system in heavy as well as commercial vehicles to apply more massive brake effort accelerate the market growth. The use of air brake system in wider application in parking brakes, and service brakes, and increased railways and high-speed trains further influence the market.

Some of the major players operating in the Air Brake System Market are

knorr-Bremse AG (Germany)  WABCO (U.S.) Meritor, Inc.(U.S.), Haldex, ZF Friedrichshafen AG (Germany), Wabtec Corporation (U.S.), Nabtesco Automotive Corporation (U.S.), Tenneco Inc (U.S.), SORL Auto Parts, Inc (U.S.), TSE Brakes Inc. (U.S.)

Global Air Brake System Market  Scope

The global air brake system market is analyzed and market size, volume information is provided by country, type, component, vehicle type, technology, and application as referenced above. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Air Disc Brake
• Air Drum Brake

Component

• Governor
• Tank
• Air Dryer
• Foot Valve
• Brake Chamber
• Slack Adjuster
• Others

Vehicle Type

• Rigid Body Truck
• Heavy-Duty Truck
• Semi-Trailer
• Bus
• Rolling Stock

Technology

• Anti-Lock Braking System (ABS)
• Traction Control System (TCS)
• Electronic Stability Program Or Electronic Stability Control (ESC)
• Electronic Brake Force Distribution (EBD)

Application

• On-Road
• Off-Road Vehicle
• Rolling Stock
• Locomotive Electro-Pneumatic(EP)
• Electronically Controlled Pneumatic (ECP)
• Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Air Brake System Market

Part 04: Global Air Brake System Market Sizing

Part 05: Global Air Brake System Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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