The automotive air brake system market size has the potential to grow by $ 847.25 mn during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (Trucks and Buses) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Meritor Inc., Minda Industries Ltd., Nabtesco Corp., SORL Auto Parts, Inc., TBK Co. Ltd., Wabtec Corp., and ZF Friedrichshafen AG.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Automotive Air Brake System Market
Market Competitive Analysis
The automotive air brake system market is concentrated. Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Meritor Inc., Minda Industries Ltd., Nabtesco Corp., SORL Auto Parts, Inc., TBK Co. Ltd., Wabtec Corp., and ZF Friedrichshafen AG are some of the major market participants. Factors such as increasing demand for heavy-duty vehicles will offer immense growth opportunities. However, vehicle recalls due to potential air brake failure may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this automotive air brake system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive air brake system market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Akebono Brake Industry Co. Ltd.
- Haldex AB
- Knorr-Bremse AG
- Meritor Inc.
- Minda Industries Ltd.
- Nabtesco Corp.
- SORL Auto Parts, Inc.
- TBK Co. Ltd.
- Wabtec Corp.
- ZF Friedrichshafen AG
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Automotive Air Brake System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
$ 847.25 million |
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Market structure |
Concentrated |
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YoY growth (%) |
4.45 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 58% |
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Key consumer countries |
China, US, Japan, India, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Meritor Inc., Minda Industries Ltd., Nabtesco Corp., SORL Auto Parts, Inc., TBK Co. Ltd., Wabtec Corp., and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Automotive Air Brake System Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current Global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The increasing preference for lightweight brake components will significantly influence automotive air brake system market's growth in this region.
58% of the market’s growth will originate from APAC during the forecast period. China | US | Japan | India | Germany are the key markets for automotive air brake system market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the automotive air brake system market size.
Automotive Air Brake System Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive air brake system market growth during the next five years
- Precise estimation of the automotive air brake system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive air brake system market industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive air brake system market vendors
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