The Worldwide Share Of Air Brake Market Is To Gain An Upward Trajectory With A Double-Digit 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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Market Players: –

The key manufacturers in Air Brakes are

  • Knorr-Bremse AG
  • Minda Nabtesco Automotive Pvt. Ltd.
  • Haldex Europe SAS
  • Wabco
  • Bendix
  • SORL Auto Parts
  • Meritor
  • Brakes India Limited
  • Airmaster Brake
  • Yumak Air Brake
  • TSE Brakes

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Air Brake Market
  • Factor that might restrain the growth of the global market in the coming years of the forecast period.
  • What is present competitive scenario of the global Air Brake Market and its intricate details concerning potential business prospects of leading market players
  • Pricing strategies of several different market players in the global Air Brake Market

Key Segments

By Product Type

  • Disc Brake
  • Drum Brake

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By End Use Industry

  • Aerospace
  • Automotive
  • Industrial & Manufacturing
  • Healthcare
  • Consumer Electronics
  • Others

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East And Africa
    • GCC Countries
    • Other Middle East
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by product type, by vehicle type and by geographies.

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Air Brake Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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