Air Brake Market Forecast and CAGR
According to the latest study by Fact.MR, Air Brake market is set to behold a moderate growth rate during the forecast period of 2021-2031. The rising adoption of braking solutions in medium and heavy duty vehicles is one of the foremost driving factors that is expected to drive the overall growth and register net valuation of more than US$ 10 Bn by 2031. The air brakes are gaining attention with the rise in vehicle safety apprehensions among end users lashing air brake manufacturers to deliver innovative features in braking systems.
Manufacturers are augmenting the features in air braking systems such as brake failure warning system, to fascinate a higher consumer base globally. Prominent key players are investing comprehensively in research & development to lift the innovations and uphold a robust position in the highly competitive market.
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By Product Type
- Disc Brake
- Drum Brake
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By End Use Industry
- Industrial & Manufacturing
- Consumer Electronics
- North America
- US & Canada
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East And Africa
- GCC Countries
- Other Middle East
- South Africa
- Other Africa
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Who are the Key Manufacturers and Suppliers of Air Brake?
The key manufacturers in Air Brakes are
- Knorr-Bremse AG
- Minda Nabtesco Automotive Pvt. Ltd.
- Haldex Europe SAS
- SORL Auto Parts
- Brakes India Limited
- Airmaster Brake
- Yumak Air Brake
- TSE Brakes
These leading players have implemented various development strategies to expand their universal presence and escalate their respective sales. For Instance, Knorr-Bremse introduced 2 new disc brakes, “NEXTT and SYNACT” in 2018 for future manufacturing of heavy duty commercial vehicles. Whereas SYNACT conquers new dimensions of weight and performance. With the smooth-running of internal mechanics and lighter caliper, the full braking torque of 30 kN-m remains accessible even during protracted braking tactics.
Some of the leading suppliers of air brakes are
- Vanco Power Brake Supply
- Sun Source
- H & R Parts
- Protech Systems
- Hanson Rivet and Supply
- Currie Enterprises
- Friction Materials
- Fleet pride
- Chester Ave Brake LLC
- Karp’s Power Brakes
These key player & suppliers offer a product line of numerous air brakes with different types considered for the use over various commercial vehicles. Additionally, geographic expansion of the key players & suppliers and strict regulatory guidelines are responsible for the growing revenue of the air brake market.
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