Air Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Air Brake System Market Research Report - Global Forecast to 2023
Sample Report
Page |1
sales@marketresearchfuture.com
Air Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Summary: Air Brake System Market Research Report: Information by Component (Compressor, Reservoir, Foot valve, Brake Chamber, and Others), Brake Type (Disc and Drum), Vehicle Type (Passenger and Commercial), Application, Region - Global Forecast till 2023 See Table of Content Here:
View Table Of Content
Air Brake System market is estimated to witness 4.3% CAGR during the forecast period from 2019 to 2023. Air Brake System market overview: The air brake system is a type of braking system employed in large heavy vehicles especially in those having multiple trailers such as buses, trucks, trailers and semi-trailers for the purpose of safety, efficiency, and reliability. The air brake system is also known as one of the high-pressure braking system uses compressed air to stop the vehicle. The air brake system is used as an alternative to hydraulic braking system which is used in lighter vehicles. The major advantage of this system is that it can be designed with enough failsafe capacity to stop the vehicle safely even with considerable leakage. These types of braking systems are easy to install on chassis and trailers as they are interconnected by pipes. Hence, they are highly used in heavy duty vehicles Key Players Analyzed in This Report are: The prominent players in the global air brake system market market include KnorrBremse (Germany), WABCO (USA), Meritor (USA), Haldex (Sweden), ZF (Germany), Wabtec Corporation (USA), Nabtesco (Japan), Federal-Mogul Corporation (USA), Sorl Auto Parts (China), and TSE Brakes (USA). Request a Sample Report.
Sample Report
Air Brake System Market Segmentation: The global air brake system market is segmented on the basis of component, brake type, vehicle type, application, and region. On the basis of component, the market has been segmented into Compressor, Reservoirs, Foot valve, Brake Chambers, and Others (include
Page |2
sales@marketresearchfuture.com
Air Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
air dryer, rotors and pads, and slack adjuster). On the basis of break type, the market has been segmented into air disc and air drum. On the basis of vehicle type, the market has been segmented into passenger cars, and commercial vehicles. Based on application, the market has been segmented into On-road and off-road vehicle. Regional Analysis: Geographically, the global air brake system market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold the highest market share throughout the forecast period owing to growing production of commercial vehicles from US, Canada, and Mexico. Moreover, increased production and sales of automobiles is expected to further boost the demand for air brake systems in this region. However, Asia-Pacific region is expected to witness a highest growth during the forecast period due to the growing disposable income from countries such as China, India and other countries, and increasing population, urbanization, and rising focus towards the driver and vehicle safety. Report Coverage: Geographically, the global Air Brake System market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. AsiaPacific is estimated to hold the highest revenue market share throughout the forecast period owing to growing urbanization and growing purchasing power of consumers. Moreover, increased production and sales of automobiles is expected to further boost the demand for flywheels in this region. To View Report click on this button.
Page |3
View Report
sales@marketresearchfuture.com
Air Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Page |4
sales@marketresearchfuture.com