Air Brake System Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Air Brake System Market is accounted for $3.96 billion in 2017 and is expected to reach $6.23 billion by 2026 growing at a CAGR of 5.2% during the forecast period.

Gaithersburg, Maryland, United States – January 31, 2019 /MarketersMedia/ —

Growing population around the globe, increasing demand for heavy-duty trucks, rising number of railways and high growth in urbanization are some of the key factors fuelling the market growth. However, factors such as high cost and rising focus on electric trucks and buses are hindering the market growth.

Request for sample here: https://www.strategymrc.com/report/air-brake-system-market/request-sample

Air brake systems are classically used on heavy vehicles such as trucks and buses. The air compressor is driven by the machine either by crankshaft crane via a belt or straight from the engine timing gears. The supply structure compresses, stores and provisions high-pressure air to the control structure as well as to additional air operated supplementary truck systems. The supply of air is limitless, so the brake system can never run out of its functioning fluid, as hydraulic brakes can.

By component, storage tank segment is expected to have a significant growth during the forecast period. Air storage tanks are used to hold compressed air. The number and size of air tanks varies among vehicles. The tanks hold enough air to allow the brakes to be used several times, even if the compressor stops working. Based on geography, Asia Pacific holds the largest market share during the forecast period owning to rising population and urbanization and consumers shifting focus towards vehicle safety.

Access the complete report at: https://www.strategymrc.com/report/air-brake-system-market

Some of the key players profiled in the Air Brake System Market include Aventics, Federal-Mogul, Fort Garry Industries, Fritec, Haldex, Knorr-Bremse, Kongsberg, Mahle Aftermarket, Meritor, Nabtesco, Sealco, Silverbackhd, Sorl Auto Parts, TSE Brakes, Wabco, Wabtec, ZF, Tata Autocomp and MEI Brakes.

Make an inquiry at: https://www.strategymrc.com/report/air-brake-system-market

Components Covered:
• Air Dryer
• Brake Chamber
• Compressor
• Foot Valve
• Governor
• Slake Adjuster
• Storage Tank

Brake Types Covered:
• Air Disc Brake
• Air Drum Brake

Applications Covered:
• Heavy Commercial Vehicles (HCVs)
• Light Commercial Vehicles (LCVs)
• Passenger Cars

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

Follow us on LinkedIn at: https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile

About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/air-brake-system-market-size-share-report-analysis-trends-forecast-to-2026/477880

Source: MarketersMedia

Release ID: 477880

Go Top