Title: Air Brake System Market - Forecast(2021 - 2026)
1Air Brake System MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Global Air Brake System Market is estimated to
reach 5.2 billion by 2026, after growing at
a CAGR of 3.6 during the forecast period
2021-2026. - Increasing adoption of air brake or air
compressor brake solutions in medium to heavy
duty vehicles is one of the major driving factor
that is expected to drive the automotive air
brake system market. - Currently, hydraulic braking system which is
extensively used in vehicles can impact a safety
related issue, as these hydraulic brakes are not
capable of generating enough power to offer
safety to the medium and heavy vehicle while
vehicles are in motion.
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- Key Takeaways
- Asia-Pacific dominates the air brake system
market owing to increasing demand from Heavy duty
truck vehicle segment. - With rising focus towards safety and increasing
demand of medium to high loading capacity mostly
demanding from regions including North America
and Asia-pacific region penetrate the growth of
the market across the globe. - Automotive OEMs have been continuously focusing
on improving the vehicle efficiency that has
resulted in the growth of weight reduction
measures of the vehicle.
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By Distribution Channel- Segment Analysis Air
dryer component segment is expected to have a
largest market share in the air brake system
outlook by 2026. This segment is estimated to
grow at a CAGR of 4.0 during the forecast
period. Increasing preference for lightweight
brake components is expected to drive the growth
of the market in the forecast period.
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- Air Brake System Market Industry Outlook
- Knorr-Bremse,
- Wabco, Meritor,
- Wabtec,
- Nabtesco,
- TSE Brakes,
- Federal-Mogul,
- Silverbackhd
- Mahle Aftermarket
- Tata Autocomp
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Air Brake System Market - Forecast(2021 -
2026) Learn More About the Report _at_
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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