The universal Air Brake System market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers.
Global Air Brake System Market: Forecast by Type: Type consists of Air Disc Brake and Air Drum Brake. Air Disc Brake segment was estimated to account for a revenue share of 75.3% in 2018.
Global Air Brake System Market: Forecast by Application: Application segment consists of Heavy Trucks and Trailers, Buses and Others. Heavy Trucks and Trailers segment was estimated to account for a sales share of 63.3% in 2018.
In the global Air Brake System market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
Knorr-Bremse
Wabco
Haldex
Nabtesco-Automotive
Sorl Auto Parts
Aventics (Emerson)
Tenneco (Federal-Mogul)
MGM Brakes
Sealco
TSE Brakes
Fritec
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Air Disc Brake
Air Drum Brake
In market segmentation by applications :
Heavy Trucks and Trailers
Buses
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Air Brake System market for the forecast period 2020 - 2025?
• What are the driving forces in the Air Brake System market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Air Brake System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?