The Air Brake System Market size was valued at USD 4.96 Bn in 2023 and the total Air Brake System revenue is expected to grow at a CAGR of 4.87% from 2024 to 2030, reaching nearly USD 6.91 Bn. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Air Brake System Market Dynamics
Increase in heavy commercial vehicle production in the Asia Pacific and Europe market, Owing to the increasing technological advancement, 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 external information and content are factors to impacts more on the growth of the Air Brake System market. The report provides a detailed 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 number of vehicles that 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 vehicles. Increasing R&D activities by major players for the development of cost-effective products is expected to create new opportunities. Intelligent transport systems giving alerts 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 that boost the demand for the Air Brake System market. The high-cost and increasing stopping distance of air brakes over hydraulic brakes will act as a restraint to the market.Air Brake System Market Segment analysis
Based on the Component, the market is segmented into the Compressor, Reservoir, Foot Valve, Brake Chambers & Slack Adjusters and Others. The compressor is expected to dominate the Air Brake System Market during the forecast period. The compressor plays a crucial role by converting mechanical energy into pressurized air, which is stored in the reservoir and distributed to other components like brake chambers and valves. Its reliability and performance directly influence the efficiency of the entire braking system, ensuring that vehicles stop safely and effectively. The advancements in compressor technology, such as energy efficiency, durability, and reduced maintenance, are driving the market forward. With growing demand for commercial vehicles and stricter safety regulations, the compressor segment is witnessing significant growth. As fleet operators seek dependable and efficient braking solutions, the compressor remains a pivotal component, making it the backbone of the air brake system market, ensuring both safety and performance across heavy-duty applications. Based on Vehicle Type, the market is categorized into Rigid Body, Heavy-Duty, Semi-Trailer and Others. Heavy-duty dominated the Air Brake System Market in 2023. Heavy-duty trucks, buses, and large commercial vehicles require air brake systems to ensure efficient stopping power and control under their immense loads. The durability and performance of air brake systems make them ideal for these vehicles, where hydraulic braking systems might falter under extreme pressure and weight. Heavy-duty vehicles also benefit from the enhanced safety features of air brakes, such as fail-safe mechanisms that engage in the event of a system failure. As global transportation and logistics industries continue to expand, the demand for air brake systems in heavy-duty vehicles remains strong, driven by increasing regulations on vehicle safety and the growing adoption of advanced braking technologies. Its role in critical sectors such as construction, mining, and freight transportation reinforces this category's significance.Air Brake System Market Regional Insights
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 are evolving business environment. China, India, and Japan are the leading market players 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. Air Brake System Market, Key Highlights: 1. Air Brake System Market analysis and forecast, in terms of value. 2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Air Brake System Market 3. Air Brake System Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. 4. Air Brake System Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. 5. Air Brake System Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. 6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. 7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Air Brake System Market are also profiled.Air Brake System Market Ecosystem
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Air Brake System Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 4.96 Bn. Forecast Period 2024 to 2030 CAGR: 4.87% Market Size in 2030: USD 6.91 Bn. Segments Covered: 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 Global Air Brake System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Air Brake System Market, Key Players
The Air Brake System Market features with Growth Strategies of Competitors in Air Brake System Industry, each leveraging unique strengths to maintain their positions. Knorr-Bremse AG and Wabtec Corporation lead with advanced technologies and extensive product portfolios, catering to both OEMs and aftermarket segments. Bendix Commercial Vehicle Systems emphasises reliability and performance, while ZF Friedrichshafen AG offers a broad range of integrated solutions, enhancing its competitiveness. Haldex AB focuses on innovative products designed for lighter-duty applications, responding to the growing demand for fuel efficiency. Nabtesco Corporation and MGM Brakes cater to niche markets with specialized offerings, while Sorl Auto Parts, Inc. and TSE Brakes, Inc. are notable players in the Chinese and North American markets, respectively. European firms such as TMD Friction Holdings, FTE Automotive, and SAF-Holland leverage their engineering capabilities to deliver high-quality components. 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 SystemsFrequently Asked Questions:
1. Which region has the largest Global market share? Ans: The Asia Pacific region holds the highest share in 2023. 2. What is the growth rate of the Global market? Ans: The Global market is growing at a CAGR of 4.87% during the forecasting period 2024-2030. 3. What segments are covered in the Global market? Ans: Global Air Brake System Market is segmented into Component, Vehicle Type, Brake Type, Technology, Application and Region. 4. Who are the key players in the Global Air Brake System market? Ans: The key players in the Global Air Brake System Market are SORL Auto Parts, Inc., ZF TRW Automotive Holdings Corporation, Wabco, Meritor, Continental AG, Aisin Seiki Co. Ltd. and Others. 5. What was the Global Air Brake System Market size in 2023? Ans: The Global Air Brake System Market size was USD 4.96 Billion in 2023.
1. Air Brake System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Evolution of Air Brake System 1.4. Executive Summary 2. Global Air Brake System Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Product Segment 2.4.3. End User Segment 2.4.4. Revenue (2023) 2.4.5. Geographic distribution of major customers 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 3. Air Brake System Market: Dynamics 3.1. Air Brake System Market Trends 3.2. Air Brake System Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Analysis of Government Schemes and Initiatives For the Air Brake System Industry 3.8. Ecosystem Analysis 4. Air Brake System Market: Global Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 4.1. Air Brake System Market Size and Forecast, by Component (2023-2030) 4.1.1. Compressor 4.1.2. Reservoir 4.1.3. Foot Valve 4.1.4. Brake Chambers & Slack Adjusters 4.1.5. Others 4.2. Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 4.2.1. Rigid Body 4.2.2. Heavy-Duty 4.2.3. Semi-Trailer 4.2.4. Others 4.3. Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 4.3.1. Disc 4.3.2. Drum 4.4. Air Brake System Market Size and Forecast, by Technology (2023-2030) 4.4.1. ABS (Anti-lock Braking System) 4.4.2. TCS (Traction Control System) 4.4.3. ESC (Electronic Stability Control or Electronic Stability Program) 4.4.4. EBD (Electronic Brake-force distribution) 4.4.5. Others 4.5. Air Brake System Market Size and Forecast, by Application (2023-2030) 4.5.1. Automotive 4.5.1.1. Buses 4.5.1.2. Trucks 4.5.1.3. Others 4.5.2. Railways 4.5.3. Others 4.6. Air Brake System Market Size and Forecast, by Region (2023-2030) 4.6.1. North America 4.6.2. Europe 4.6.3. Asia Pacific 4.6.4. Middle East and Africa 4.6.5. South America 5. North America Air Brake System Market Size and Forecast by Segmentation by Segmentation (by Value USD Mn) (2023-2030) 5.1. North America Air Brake System Market Size and Forecast, by Component (2023-2030) 5.1.1. Compressor 5.1.2. Reservoir 5.1.3. Foot Valve 5.1.4. Brake Chambers & Slack Adjusters 5.1.5. Others 5.2. North America Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 5.2.1. Rigid Body 5.2.2. Heavy-Duty 5.2.3. Semi-Trailer 5.2.4. Others 5.3. North America Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 5.3.1. Disc 5.3.2. Drum 5.4. North America Air Brake System Market Size and Forecast, by Technology (2023-2030) 5.4.1. ABS (Anti-lock Braking System) 5.4.2. TCS (Traction Control System) 5.4.3. ESC (Electronic Stability Control or Electronic Stability Program) 5.4.4. EBD (Electronic Brake-force distribution) 5.4.5. Others 5.5. North America Air Brake System Market Size and Forecast, by Application (2023-2030) 5.5.1. Automotive 5.5.1.1. Buses 5.5.1.2. Trucks 5.5.1.3. Others 5.5.2. Railways 5.5.3. Others 5.6. North America Air Brake System Market Size and Forecast, by Country (2023-2030) 5.6.1. United States 5.6.1.1. United States Air Brake System Market Size and Forecast, by Component (2023-2030) 5.6.1.1.1. Compressor 5.6.1.1.2. Reservoir 5.6.1.1.3. Foot Valve 5.6.1.1.4. Brake Chambers & Slack Adjusters 5.6.1.1.5. Others 5.6.1.2. United States Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 5.6.1.2.1. Rigid Body 5.6.1.2.2. Heavy-Duty 5.6.1.2.3. Semi-Trailer 5.6.1.2.4. Others 5.6.1.3. United States Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 5.6.1.3.1. Disc 5.6.1.3.2. Drum 5.6.1.4. United States Air Brake System Market Size and Forecast, by Technology (2023-2030) 5.6.1.4.1. ABS (Anti-lock Braking System) 5.6.1.4.2. TCS (Traction Control System) 5.6.1.4.3. ESC (Electronic Stability Control or Electronic Stability Program) 5.6.1.4.4. EBD (Electronic Brake-force distribution) 5.6.1.4.5. Others 5.6.1.5. United States Air Brake System Market Size and Forecast, by Application (2023-2030) 5.6.1.5.1. Automotive 5.6.1.5.1.1. Buses 5.6.1.5.1.2. Trucks 5.6.1.5.1.3. Others 5.6.1.5.2. Railways 5.6.1.5.3. Others 5.6.2. Canada 5.6.2.1. Canada Air Brake System Market Size and Forecast, by Component (2023-2030) 5.6.2.1.1. Compressor 5.6.2.1.2. Reservoir 5.6.2.1.3. Foot Valve 5.6.2.1.4. Brake Chambers & Slack Adjusters 5.6.2.1.5. Others 5.6.2.2. Canada Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 5.6.2.2.1. Rigid Body 5.6.2.2.2. Heavy-Duty 5.6.2.2.3. Semi-Trailer 5.6.2.2.4. Others 5.6.2.3. Canada Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 5.6.2.3.1. Disc 5.6.2.3.2. Drum 5.6.2.4. Canada Air Brake System Market Size and Forecast, by Technology (2023-2030) 5.6.2.4.1. ABS (Anti-lock Braking System) 5.6.2.4.2. TCS (Traction Control System) 5.6.2.4.3. ESC (Electronic Stability Control or Electronic Stability Program) 5.6.2.4.4. EBD (Electronic Brake-force distribution) 5.6.2.4.5. Others 5.6.2.5. Canada Air Brake System Market Size and Forecast, by Application (2023-2030) 5.6.2.5.1. Automotive 5.6.2.5.1.1. Buses 5.6.2.5.1.2. Trucks 5.6.2.5.1.3. Others 5.6.2.5.2. Railways 5.6.2.5.3. Others 5.6.3. Mexico 5.6.3.1. Mexico Air Brake System Market Size and Forecast, by Component (2023-2030) 5.6.3.1.1. Compressor 5.6.3.1.2. Reservoir 5.6.3.1.3. Foot Valve 5.6.3.1.4. Brake Chambers & Slack Adjusters 5.6.3.1.5. Others 5.6.3.2. Mexico Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 5.6.3.2.1. Rigid Body 5.6.3.2.2. Heavy-Duty 5.6.3.2.3. Semi-Trailer 5.6.3.2.4. Others 5.6.3.3. Mexico Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 5.6.3.3.1. Disc 5.6.3.3.2. Drum 5.6.3.4. Mexico Air Brake System Market Size and Forecast, by Technology (2023-2030) 5.6.3.4.1. ABS (Anti-lock Braking System) 5.6.3.4.2. TCS (Traction Control System) 5.6.3.4.3. ESC (Electronic Stability Control or Electronic Stability Program) 5.6.3.4.4. EBD (Electronic Brake-force distribution) 5.6.3.4.5. Others 5.6.3.5. Mexico Air Brake System Market Size and Forecast, by Application (2023-2030) 5.6.3.5.1. Automotive 5.6.3.5.1.1. Buses 5.6.3.5.1.2. Trucks 5.6.3.5.1.3. Others 5.6.3.5.2. Railways 5.6.3.5.3. Others 6. Europe Air Brake System Market Size and Forecast by Segmentation by Segmentation (by Value USD Mn) (2023-2030) 6.1. Europe Air Brake System Market Size and Forecast, by Component (2023-2030) 6.2. Europe Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.3. Europe Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.4. Europe Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.5. Europe Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6. Europe Air Brake System Market Size and Forecast, by Country (2023-2030) 6.6.1. United Kingdom 6.6.1.1. United Kingdom Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.1.2. United Kingdom Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.1.3. United Kingdom Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.1.4. United Kingdom Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.1.5. United Kingdom Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.2. France 6.6.2.1. France Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.2.2. France Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.2.3. France Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.2.4. France Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.2.5. France Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.3. Germany 6.6.3.1. Germany Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.3.2. Germany Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.3.3. Germany Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.3.4. Germany Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.3.5. Germany Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.4. Italy 6.6.4.1. Italy Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.4.2. Italy Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.4.3. Italy Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.4.4. Italy Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.4.5. Italy Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.5. Spain 6.6.5.1. Spain Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.5.2. Spain Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.5.3. Spain Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.5.4. Spain Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.5.5. Spain Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.5.6. 6.6.6. Sweden 6.6.6.1. Sweden Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.6.2. Sweden Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.6.3. Sweden Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.6.4. Sweden Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.6.5. Sweden Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.7. Austria 6.6.7.1. Austria Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.7.2. Austria Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.7.3. Austria Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.7.4. Austria Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.7.5. Austria Air Brake System Market Size and Forecast, by Application (2023-2030) 6.6.8. Rest of Europe 6.6.8.1. Rest of Europe Air Brake System Market Size and Forecast, by Component (2023-2030) 6.6.8.2. Rest of Europe Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 6.6.8.3. Rest of Europe Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 6.6.8.4. Rest of Europe Air Brake System Market Size and Forecast, by Technology (2023-2030) 6.6.8.5. Rest of Europe Air Brake System Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Air Brake System Market Size and Forecast by Segmentation by Segmentation (by Value USD Mn) (2023-2030) 7.1. Asia Pacific Air Brake System Market Size and Forecast, by Component (2023-2030) 7.2. Asia Pacific Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.3. Asia Pacific Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.4. Asia Pacific Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.5. Asia Pacific Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6. Asia Pacific Air Brake System Market Size and Forecast, by Country (2023-2030) 7.6.1. China 7.6.1.1. China Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.1.2. China Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.1.3. China Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.1.4. China Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.1.5. China Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.2. S Korea 7.6.2.1. S Korea Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.2.2. S Korea Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.2.3. S Korea Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.2.4. S Korea Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.2.5. S Korea Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.3. Japan 7.6.3.1. Japan Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.3.2. Japan Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.3.3. Japan Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.3.4. Japan Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.3.5. Japan Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.4. India 7.6.4.1. India Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.4.2. India Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.4.3. India Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.4.4. India Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.4.5. India Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.5. Australia 7.6.5.1. Australia Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.5.2. Australia Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.5.3. Australia Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.5.4. Australia Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.5.5. Australia Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.6. ASIAN 7.6.6.1. ASIAN Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.6.2. ASIAN Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.6.3. ASIAN Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.6.4. ASIAN Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.6.5. ASIAN Air Brake System Market Size and Forecast, by Application (2023-2030) 7.6.7. Rest of Asia Pacific 7.6.7.1. Rest of Asia Pacific Air Brake System Market Size and Forecast, by Component (2023-2030) 7.6.7.2. Rest of Asia Pacific Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 7.6.7.3. Rest of Asia Pacific Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 7.6.7.4. Rest of Asia Pacific Air Brake System Market Size and Forecast, by Technology (2023-2030) 7.6.7.5. Rest of Asia Pacific Air Brake System Market Size and Forecast, by Application (2023-2030) 8. Middle East and Africa Air Brake System Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Air Brake System Market Size and Forecast, by Component (2023-2030) 8.2. Middle East and Africa Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 8.3. Middle East and Africa Air Brake System Market Size and Forecast, by Brake Type(2023-2030) 8.4. Middle East and Africa Air Brake System Market Size and Forecast, by Technology (2023-2030) 8.5. Middle East and Africa Air Brake System Market Size and Forecast, by Application (2023-2030) 8.6. Middle East and Africa Air Brake System Market Size and Forecast, by Country (2023-2030) 8.6.1. South Africa 8.6.1.1. South Africa Air Brake System Market Size and Forecast, by Component (2023-2030) 8.6.1.2. South Africa Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.1.3. South Africa Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 8.6.1.4. South Africa Air Brake System Market Size and Forecast, by Technology (2023-2030) 8.6.1.5. South Africa Air Brake System Market Size and Forecast, by Application (2023-2030) 8.6.2. GCC 8.6.2.1. GCC Air Brake System Market Size and Forecast, by Component (2023-2030) 8.6.2.2. GCC Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.2.3. GCC Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 8.6.2.4. GCC Air Brake System Market Size and Forecast, by Technology (2023-2030) 8.6.2.5. GCC Air Brake System Market Size and Forecast, by Application (2023-2030) 8.6.3. Nigeria 8.6.3.1. Nigeria Air Brake System Market Size and Forecast, by Component (2023-2030) 8.6.3.2. Nigeria Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.3.3. Nigeria Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 8.6.3.4. Nigeria Air Brake System Market Size and Forecast, by Technology (2023-2030) 8.6.3.5. Nigeria Air Brake System Market Size and Forecast, by Application (2023-2030) 8.6.4. Rest of ME&A 8.6.4.1. Rest of ME&A Air Brake System Market Size and Forecast, by Component (2023-2030) 8.6.4.2. Rest of ME&A Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.4.3. Rest of ME&A Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 8.6.4.4. Rest of ME&A Air Brake System Market Size and Forecast, by Technology (2023-2030) 8.6.4.5. Rest of ME&A Air Brake System Market Size and Forecast, by Application (2023-2030) 9. South America Air Brake System Market Size and Forecast by Segmentation by Segmentation (by Value USD Mn) (2023-2030) 9.1. South America Air Brake System Market Size and Forecast, by Component (2023-2030) 9.2. South America Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 9.3. South America Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 9.4. South America Air Brake System Market Size and Forecast, by Technology (2023-2030) 9.5. South America Air Brake System Market Size and Forecast, by Application (2023-2030) 9.6. South America Air Brake System Market Size and Forecast, by Country (2023-2030) 9.6.1. Brazil 9.6.1.1. Brazil Air Brake System Market Size and Forecast, by Component (2023-2030) 9.6.1.2. Brazil Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 9.6.1.3. Brazil Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 9.6.1.4. Brazil Air Brake System Market Size and Forecast, by Technology (2023-2030) 9.6.1.5. Brazil Air Brake System Market Size and Forecast, by Application (2023-2030) 9.6.2. Argentina 9.6.2.1. Argentina Air Brake System Market Size and Forecast, by Component (2023-2030) 9.6.2.2. Argentina Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 9.6.2.3. Argentina Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 9.6.2.4. Argentina Air Brake System Market Size and Forecast, by Technology (2023-2030) 9.6.2.5. Argentina Air Brake System Market Size and Forecast, by Application (2023-2030) 9.6.3. Rest Of South America 9.6.3.1. Rest Of South America Air Brake System Market Size and Forecast, by Component (2023-2030) 9.6.3.2. Rest Of South America Air Brake System Market Size and Forecast, by Vehicle Type (2023-2030) 9.6.3.3. Rest Of South America Air Brake System Market Size and Forecast, by Brake Type (2023-2030) 9.6.3.4. Rest Of South America Air Brake System Market Size and Forecast, by Technology (2023-2030) 9.6.3.5. Rest Of South America Air Brake System Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. SORL Auto Parts, Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis (Technological strengths and weaknesses) 10.1.5. Strategic Analysis (Recent strategic moves) 10.1.6. Recent Developments 10.2. ZF TRW Automotive Holdings Corporation 10.3. Wabco 10.4. Meritor 10.5. Continental AG 10.6. Aisin Seiki Co. Ltd. 10.7. Akebono Brake Industry Co. Ltd. 10.8. Haldex AB 10.9. Knorr-Bremse AG 10.10. Nissin Kogyo Co. Ltd. 10.11. Mando Corporation 10.12. Brembo S.P.A. 10.13. Federal-Mogul Holdings Corporation3 10.14. YUMAK Air Brake Systems 10.15. Airmaster Brake Systems 10.16. Brakes India Limited 10.17. Honeywell International Inc. 10.18. Bendix Commercial Vehicle Systems LLC 10.19. Schaeffler Group 10.20. Dura Automotive Systems 11. Key Findings and Analyst Recommendations 12. Air Brake System Market: Research Methodology 12.1. Market Size Estimation Methodology 12.1.1. Bottom-Up Approach 12.1.2. Top-Down Approach
