에어 브레이크 시스템 시장 규모 : 기술별, 컴포넌트별, 차량 유형별, 지역별, 범위 및 예측

Air Brake System Market Size And Forecast

Air Brake System Market size was valued at USD 4.88 Billion in 2023 and is projected to reach USD 6.33 Billion by 2031 growing at a CAGR of 3.30% from 2024 to 2031.

The air brake system employs compressed air to power braking devices in vehicles, primarily trucks and buses. It promotes effective braking by applying air pressure to the brake cylinders.

A compressor generates air pressure, storage tanks hold compressed air and braking chambers apply pressure to brake shoes or pads. It delivers dependable and consistent braking performance.

Future developments could focus on incorporating electronic controls to improve precision, efficiency and reduce maintenance. Advanced diagnostics and automated braking responses could be among the innovations introduced to improve safety.

Global Air Brake System Market Dynamics

The key market dynamics that are shaping the global air brake system market include:

Key Market Drivers:

Increasing Vehicle Production: Increasing vehicle production, particularly in commercial sectors, drives demand for air brake systems, which are reliable and effective in heavy-duty applications. As more trucks and commercial vehicles are produced, the need for improved brake solutions that ensure safety and performance grows more pressing, driving market expansion.

Growing Commercial Vehicle Production and Sales: The increase in commercial vehicle production and sales, particularly for heavy-duty trucks and buses, has a substantial impact on the air braking system market. Global output reached 28.5 million units in 2023, up 5%, increasing need for safety components.

Stringent Safety Regulations and Standards: Stringent safety requirements and standards encourage the use of advanced braking technologies such as air brakes. The NHTSA mandates electronic stability control for bigger vehicles, while EU rules establish braking system standards, resulting in a 53% reduction in rollover crashes for equipped trucks and buses.

Key Challenges:

High Manufacturing Costs: Because of the complexity of the materials and technology needed, producing modern air brake systems can be expensive. These costs can stifle market expansion, particularly for producers who want to maintain competitive price while assuring product quality and performance.

Regulatory Compliance Challenges: Meeting tight safety rules and standards can provide a considerable barrier for air brake producers. The necessity for continual updates and adherence to changing rules raises operational costs and complicates design and production processes, thereby delaying market entry.

Technological Advancements: Rapid technical improvements in braking systems necessitate ongoing innovation and adaptation from manufacturers. Keeping up with these changes necessitates significant investment in research and development, which may strain resources for smaller organizations and impact their competitive position in the market.

Key Trends:

Growing Emphasis on Safety Features: The growing emphasis on safety features in commercial vehicles is resulting in increased adoption of advanced braking systems, notably air brakes. Manufacturers are prioritizing safety technologies to meet requirements and improve vehicle performance, thereby driving market demand.

Transition To Electric and Hybrid Cars: The rise of electric and hybrid commercial vehicles is driving the development of appropriate air brake systems. As the automotive industry shifts to greener technologies, new braking solutions are being developed to match the unique needs of these cars, hence creating market prospects.

Integration Of Smart Technologies: The introduction of smart technology in commercial vehicles, such as automated braking systems and real-time monitoring, improves air brake system efficiency. This trend promotes greater safety and performance for fleet operators increasingly adopt advanced solutions to optimize vehicle operations.

Global Air Brake System Market Regional Analysis

Here is a more detailed regional analysis of the global air brake system market:

North America:

According to Verified Market Research, North America is expected to dominate the global air brake system market.

North America, particularly the United States, has a sizable commercial vehicle fleet, with roughly 13.5 million vehicles in operation as of 2021, according to the United States Department of Transportation. This large fleet increases the demand for air brake systems, necessitating both new installations and aftermarket replacements.

The Federal Motor Carrier Safety Administration (FMCSA) recorded 4,998 fatal crashes involving heavy trucks and buses in 2020, emphasizing continued safety problems. These factors jointly drive the market for air braking systems, with a focus on enhanced safety features like as electronic stability control.

Asia Pacific:

According to Verified Market Research, Asia Pacific is fastest growing region in global air brake system market.

The Asia Pacific area is seeing rapid industrialization and major infrastructural development, which is increasing demand for commercial vehicles equipped with air brakes. The Asian Development Bank (ADB) predicts that infrastructure improvements in the region will total USD 1.7 Trillion per year by 2030, necessitating additional commercial vehicles.

Similarly, countries such as China and India are developing as global car production hubs. According to the International Organization of Motor Vehicle Manufacturers (OICA), China produced more than 27 million automobiles in 2021, while India produced over 4.4 million. This increase in automobile manufacturing is driving up demand for air brake systems in commercial and heavy-duty vehicles.

Global Air Brake System Market: Segmentation Analysis

The Global Air Brake System Market is segmented based Technology, Component, Vehicle Type and Geography.

Air Brake System Market, By Vehicle Type

• Commercial Vehicles
• Passenger Vehicles

Based on Vehicle Type, the Global Air Brake System Market is separated into Commercial Vehicles and Passenger Vehicles. Commercial vehicles dominate the global market for air brake systems. This is owing to the widespread usage of air brake systems in heavy-duty trucks, buses and other commercial vehicles, where reliable braking is critical for safety and efficiency.

Air Brake System Market, By Component

• Compressors
• Air Reservoirs
• Brake Chambers
• Brake Valves

Based on Component, Global Air Brake System Market is divided into Compressors, Air Reservoirs, Brake Chambers, Brake Valves. Compressors are the dominant technology in the global market for air brake systems. Compressors are necessary because they provide the air pressure required to activate the whole braking system, making them an important component in the operation of air brakes.

Air Brake System Market, By Technology

• Conventional Air Brake Systems
• Electronically Controlled Air Brake Systems (ECAS)
• Anti-lock Braking Systems (ABS)

Based on Technology, Global Air Brake System Market is divided into Conventional Air Brake Systems, Electronically Controlled Air Brake Systems (ECAS), Anti-lock Braking Systems (ABS). Conventional Air Brake Systems lead the worldwide air brake system market, owing to its widespread application in commercial vehicles and established presence in several areas.

Air Brake System Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on the Geography, the Global Air Brake System Market divided into North America, Europe, Asia Pacific and Rest of the World. North America dominates the worldwide air brake system market due to the widespread use of modern braking technology and strict safety requirements. However, the Asia-Pacific area is the fastest-growing, thanks to rising vehicle production, increasing infrastructure investment and expanding automotive sectors in nations such as China and India.

Key Players

• The Global Air Brake System Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are Knorr-Bremse AG, Wabtec Corporation, Meritor Inc., Haldex AB, ZF Friedrichshafen AG, Nabtesco Corporation, TSE Brakes Inc., Federal-Mogul, SORL Auto Parts.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

• Global Air Brake System Market Recent Developments
• In October 2023, the Commercial Vehicle Safety Alliance (CVSA) reported that during Brake Safety Week, about 18,875 commercial vehicles were inspected. Of them, 2,375 (12.6%) were removed off the road owing to brake-related out-of-service issues.
• In June 2023, Tewva, an electric car company from the United Kingdom, partnered with ZF to create a regenerative Brake system. The regenerative braking system includes the electronic brake technology that will be used in Tewva's 7.5t battery-electric truck.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Air Brake System Market, By Vehicle Type

• Commercial Vehicles
• Passenger Vehicles

5 Air Brake System Market, By Technology

• Conventional Air Brake Systems
• Electronically Controlled Air Brake Systems (ECAS)
• Anti-lock Braking Systems (ABS)

6 Air Brake System Market, By Component

• Compressors
• Air Reservoirs
• Brake Chambers
• Brake Valves

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Knorr-Bremse AG
• Wabtec Corporation
• Meritor Inc.
• Haldex AB
• ZF Friedrichshafen AG
• Nabtesco Corporation
• TSE Brakes Inc.
• Federal-Mogul
• SORL Auto Parts

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References