The global air brakes system market size was USD 5.09 Billion in 2021 and is expected to register a revenue CAGR of 4.2% over the forecast period, according to the latest analysis by Emergen Research. Growing demand for heavy trucks and commercial vehicles and rising demand for air brakes in the railway sector are factors expected to drive the market revenue growth.
Hence, the sample copy of the ‘Global Air Brake System Market’ research report is inclusive of a brief analysis of the Air Brake System industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology. Emergen Research latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Air Brake System market, disrupting the market dynamics and trends.
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Key companies operating in the Air Brake System market include:
Knorr-Bremse AG, ZF Friedrichshafen AG, Meritor, Inc., Haldex, Wabtec Corporation, Nabtesco Automotive Corporation, Brake Systems Inc., Tenneco Inc., SORL Auto Parts, Inc., and Grindlays Engine Parts Pvt. Ltd
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Air Brake System market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Air Brake System Market
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Air Brake System Market Segmentation:
Type Outlook (Revenue, USD Billion, 2019–2030)
- Air Disc Brake
- Air Drum Brake
Component Outlook (Revenue, USD Billion, 2019–2030)
- Compressor
- Governor
- Tank
- Air Dryer
- Foot Valve
- Brake Chamber
- Slack Adjuster
- Others
Vehicle Type Outlook (Revenue, USD Billion, 2019–2030)
- Trucks
- Bus
- Rolling Stock
Air Brake System Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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