Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028
Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028
Abstract
The air brake system market is projected to grow from USD 3.1 billion in 2023 to USD 3.4 billion by 2028, at a CAGR of 2.2% from 2023 to 2028. The market has steady growth due to rising stringent automotive active safety regulations, growing production of commercial vehicles, and integration of advanced braking technologies in air brake systems fuel the demand for air brake systems.
“Air Disc brake is estimated to be the fastest growing air brake system type.”
The disc brake segment is estimated to grow fastest during the forecast period. The primary factor driving the demand for air disc brakes is the rising focus on safety and stopping distance reduction mandates. For instance, the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations to decrease the overall fatality rate for large trucks. There are stopping distance regulations for various vehicle configurations (three-axle, two-axle, and multi-axle) along with loaded and unloaded commercial vehicles. The regulation implemented in August 2013 stated that the stopping distance for unloaded three-axle trucks should be 235 feet, and for loaded three-axle trucks should be 310 feet.
Additionally, because of the increase in population, there is a high demand for intracity and intercity transfers at low cost, which is estimated to drive the air brake system market in railways and some high-speed trains. Further, most air brake manufacturers are focusing on developing advanced air disc brakes to increase the overall efficiency and performance of brake systems. For instance, in October 2019, Meritor, Inc. announced the launch of the lightweight, single-piston EX+™ LS air disc brake. This advanced braking solution was designed for linehaul and trailer applications. The EX+ LS air disc brake was developed with reasonable taper wear control; the new air disc brake was designed and validated to the same taper wear criteria as a twin-piston brake. All these factors would spur the growth of air disc brakes in the future.
“Compressor segment is estimated to showcase the largest share in construction and mining trucks.”
The compressor segment held the largest market, in terms of value, for construction and mining trucks in 2023.. The trucks used in construction and mining activities are high-power output (HP) with heavy load-carrying capability. They should withstand harsh and rigorous working conditions in the construction and mining environment. Compressors are a key component in every air brake system as they provide power to operate the brakes, and ensure that brakes are always ready to use. Compressors make sure that air brake systems are less susceptible to brake fade or loss of braking power due to overheating.
Thus, with rising construction and mining activities worldwide, the demand for trucks used in this industry would also increase, driving the growth of the high-capacity compressors for construction and mining trucks in the coming years. Furthermore, advancements in air compressors of air brake systems will also cause the demand for air compressor units and overall air brake systems. For instance, some of the compressor manufacturers are focusing on development of lightweight compressor for commercial vehicles to save cargo space, reduce truck gross vehicle weight, and to reduce the maintenance requirement. To construct the lightweight compressor companies are using aluminium material. The companies like VMAC, and Voith develops the lightweight compressor. The companies focus on developing improved and advanced compressors such as electronically controlled compressors, integrated compressors, and maintenance-free compressors for construction and mining trucks.
“Asia Pacific is estimated to be the largest air brake system market during the forecast period.”
The Asia Pacific region holds the largest global air brake system market share. China and Japan are the largest markets, whereas India is the fastest-growing market. The critical reasons for market growth in Asia Pacific are the increasing production of commercial vehicles and stringent government regulations for vehicle safety. Asia Pacific accounted for ~60% of the global truck production in 2022, owing to the presence of OEMs such as Zheng Zou Yutong, Xiamen Kinglong Motor, Tata Motors, and Ashok Leyland. Manufacturers in this region are focused on developing specific solutions that address the challenging driving and braking situations drivers face on the roads. As consumers in the region are showing an increased inclination toward safety awareness, the region has witnessed higher growth than the matured markets of Europe and North America. Further, A strong presence of global air brake system manufacturers with strategic partnerships with regional players coupled with increased heavy commercial vehicle production has boosted the air brake system market in the Asia Pacific region.
Breakdown of Primaries
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
•By Stakeholder: Supply side-80%, Others - 20%
•By Designation: C Level Executives - 20%, Directors/ Vice Presidents-35%, and Others -45%
•By Region: North America - 25%, Europe - 20%, Asia Pacific- 40%, and Rest of the World – 10%
The air brake system market comprises major manufacturers such as Knorr- Bremse AG (Germany), Meritor, Inc. (US), Haldex (Sweden), ZF Friedrichshafen AG (Germany), and Wabtec Corporation (US).
Study Coverage
The study segments the air brake system market based on component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slack adjuster), vehicle type (rigid body, heavy-duty trucks, semi-trailer, and bus), brake type (disc and drum), and region (North America, Asia Oceania, Europe, and RoW). The market also segments the air brake system market for rolling stock, by component (compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe) and construction & mining trucks, by component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster).
Key Benefits of Buying the Report:
This report provides insights concerning the following points:
Country-level vehicle type-wise market: The report offers in-depth market sizing and forecasts to 2028 by vehicle types, such as rigid body, heavy-duty truck, semi-trailer, and bus. The market sizing for the air brake system is covered at the country and regional levels considered in this study.
Construction & mining trucks, by component: The report offers in-depth market sizing and forecasts up to 2025 by components, such as compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster. The market sizing for components is covered at a regional level that this study considers.
Rolling Stock, by component: The report offers in-depth market sizing and forecast up to 2028, by component, such as compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe. The market sizing for rolling stock is covered for regions considered in the study.
The report provides “Market Share” of the leading air brake system market players.
Market Development: The report provides comprehensive information about lucrative emerging markets for the air brake system across regions.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the air brake system market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the air brake system market.
•Analysis of key drivers (growing production of commercial vehicles, Stringent automotive active safety regulations related to air brake system, Integration of anti-lock braking systems (ABS) and electronic stability control (ESC) in Air brake system, and Increased railways and high-speed trains), Restraints (High cost of air brakes over hydraulic brakes, High cost of air brakes over hydraulic brakes), Opportunities (Regulations related to load carrying capacity and mandates on air brakes installation), Challenges (Freezing of air brakes at low temperature).
Content
Table of Contents
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION39
TABLE 1AIR BRAKE SYSTEM MARKET DEFINITION, BY BRAKE TYPE39
TABLE 2AIR BRAKE SYSTEM MARKET DEFINITION, BY COMPONENT40
1.2.1INCLUSIONS AND EXCLUSIONS41
TABLE 3INCLUSIONS AND EXCLUSIONS41
1.3MARKET SCOPE42
FIGURE 1MARKETS COVERED42
1.3.1REGIONS COVERED42
FIGURE 2REGIONS COVERED42
1.3.2YEARS CONSIDERED43
1.4CURRENCY CONSIDERED43
TABLE 4CURRENCY EXCHANGE RATES43
1.5STAKEHOLDERS44
1.6SUMMARY OF CHANGES45
2RESEARCH METHODOLOGY46
2.1RESEARCH DATA46
FIGURE 3AIR BRAKE SYSTEM MARKET: RESEARCH DESIGN46
FIGURE 4RESEARCH METHODOLOGY MODEL47
2.1.1SECONDARY DATA47
2.1.1.1List of key secondary sources for base number estimation48
2.1.1.2List of key secondary sources for market size estimation49
2.1.1.3Key data from secondary sources49
FIGURE 5KEY DATA FROM SECONDARY SOURCES49
2.1.2PRIMARY DATA50
FIGURE 6BREAKDOWN OF PRIMARY INTERVIEWS50
2.1.2.1List of targeted primary participants51
2.1.2.2Sampling techniques and data collection methods51
2.2MARKET SIZE ESTIMATION51
FIGURE 7RESEARCH METHODOLOGY: HYPOTHESIS BUILDING52
2.2.1BOTTOM-UP APPROACH53
FIGURE 8AIR BRAKE SYSTEM MARKET SIZE ESTIMATION METHODOLOGY FOR ON-HIGHWAY VEHICLES: BOTTOM-UP APPROACH53
2.2.2TOP-DOWN APPROACH54
FIGURE 9AIR BRAKE SYSTEM MARKET SIZE ESTIMATION METHODOLOGY, BY BRAKE TYPE: TOP-DOWN APPROACH54
2.3RECESSION IMPACT ANALYSIS54
2.4AIR BRAKE SYSTEM MARKET BREAKDOWN AND DATA TRIANGULATION55
FIGURE 10DATA TRIANGULATION55
2.5FACTOR ANALYSIS FOR MARKET SIZE ESTIMATION: DEMAND AND SUPPLY SIDES56
2.6RESEARCH ASSUMPTIONS57
TABLE 5RESEARCH ASSUMPTIONS FOR MARKET FORECAST AND ESTIMATION57
2.7RESEARCH LIMITATIONS60
3EXECUTIVE SUMMARY61
FIGURE 11AIR BRAKE SYSTEM MARKET OVERVIEW61
FIGURE 12AIR BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD BILLION)62
4PREMIUM INSIGHTS64
4.1ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS IN AIR BRAKE SYSTEM MARKET64
FIGURE 13INCREASING COMMERCIAL VEHICLE PRODUCTION AND GROWING GOVERNMENT REGULATIONS ON BRAKING SYSTEMS TO DRIVE MARKET DURING FORECAST PERIOD64
4.2AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE65
FIGURE 14BRAKE CHAMBER SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD65
4.3AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE65
FIGURE 15AIR DISC BRAKES SEGMENT TO DRIVE MARKET DURING FORECAST PERIOD65
4.4AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE66
FIGURE 16SEMI-TRAILER SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD66
4.5CONSTRUCTION AND MINING TRUCK AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE66
FIGURE 17COMPRESSOR SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD66
4.6ROLLING STOCK AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE67
FIGURE 18BRAKE CYLINDER SEGMENT TO LEAD MARKET FOR ROLLING STOCK DURING FORECAST PERIOD67
4.7AIR BRAKE SYSTEM MARKET, BY REGION67
FIGURE 19ASIA PACIFIC TO POSSESS LARGEST MARKET SHARE DURING FORECAST PERIOD67
5MARKET OVERVIEW68
5.1INTRODUCTION68
5.2MARKET DYNAMICS69
FIGURE 20DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AIR BRAKE SYSTEM MARKET69
5.2.1DRIVERS69
5.2.1.1Increasing sales and production of commercial trucks and buses69
FIGURE 21HEAVY TRUCK AND BUS PRODUCTION FORECAST, 2022–2030 (UNITS)70
5.2.1.2Stringent automotive active safety regulations and integration of anti-lock braking system (ABS) and electronic stability control braking system (ESC)70
TABLE 6LIST OF COMMERCIAL VEHICLE MODELS WITH ANTI-LOCK BRAKING SYSTEMS AND ELECTRONIC STABILITY CONTROL BRAKING SYSTEMS71
5.2.1.3Growing demand for off-highway heavy-duty trucks71
FIGURE 22ARTICULATED AND RIGID DUMP TRUCK VEHICLE SALES, 2020–2028 (UNITS)72
5.2.1.4Increasing development of railway network with growing number of high-speed trains72
TABLE 7TOP RAILWAY PROJECT CONSTRUCTION, BY COST73
5.2.2RESTRAINTS73
5.2.2.1High cost of air brakes over hydraulic brakes73
5.2.2.2Increasing focus on electric trucks and buses74
FIGURE 23ELECTRIC MEDIUM AND HEAVY-DUTY TRUCK AND BUS SALES, 2022–2030 (THOUSAND UNITS)74
5.2.3OPPORTUNITIES75
5.2.3.1Regulations on load-carrying capacity and mandates on air brake installation75
5.2.4CHALLENGES75
5.2.4.1Freezing of air brakes at low temperature75
5.3TRENDS/DISRUPTIONS IMPACTING BUYERS76
FIGURE 24TRENDS/DISRUPTION IMPACTING BUYERS76
5.4ECOSYSTEM ANALYSIS77
FIGURE 25AIR BRAKE SYSTEM MARKET: ECOSYSTEM ANALYSIS77
FIGURE 26AIR BRAKE SYSTEM MARKET ECOSYSTEM78
5.4.1AIR BRAKE SYSTEM MANUFACTURERS78
5.4.2COMPONENT SUPPLIERS/TECHNOLOGY PROVIDERS78
5.4.3AUTOMOTIVE OEMS78
5.4.4GOVERNMENT AND REGULATORY AUTHORITIES79
5.4.5DEALERS AND DISTRIBUTORS79
5.4.6SERVICE AND REPAIR CENTERS79
5.4.7FLEET OWNERS AND OPERATORS79
TABLE 8AIR BRAKE SYSTEM MARKET: ROLE OF COMPANIES IN ECOSYSTEM79
5.5SUPPLY CHAIN ANALYSIS81
FIGURE 27AIR BRAKE SYSTEM MARKET: SUPPLY CHAIN ANALYSIS81
5.6PRICING ANALYSIS82
5.6.1PRICE TREND, BY REGION, 2020 VS. 202282
TABLE 9PRICE TREND ANALYSIS: REGIONAL LEVEL82
5.6.2PRICE TREND, BY BRAKE TYPE, 2020 VS. 202282
TABLE 10PRICE TREND ANALYSIS: BY BRAKE TYPE82
5.7USE CASE ANALYSIS82
5.7.1USE CASE 1: SEVERAL CHALLENGES FOR KNORR-BREMSE AG IN DEVELOPING BRAKE SYSTEMS82
5.7.2USE CASE 2: NEW AIR BRAKE SYSTEM DEVELOPED BY ARVIN MERITOR AND TBS SOLUTION83
5.7.3USE CASE 3: GOIZPER BRAKE CLUTCH84
5.8BUYING CRITERIA84
FIGURE 28KEY BUYING CRITERIA FOR AIR DISC BRAKE VS. AIR DRUM BRAKE84
TABLE 11KEY BUYING CRITERIA FOR AIR DISC BRAKE VS. AIR DRUM BRAKE85
5.9TRADE DATA ANALYSIS85
5.9.1IMPORT DATA85
5.9.1.1US85
TABLE 12US: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)85
5.9.1.2Mexico85
TABLE 13MEXICO: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)85
5.9.1.3Canada86
TABLE 14CANADA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.4China86
TABLE 15CHINA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.5Japan86
TABLE 16JAPAN: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.6India87
TABLE 17INDIA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.7Germany87
TABLE 18GERMANY: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.8France87
TABLE 19FRANCE: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.9Spain88
TABLE 20SPAIN: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.1.10UK88
TABLE 21UK: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.2EXPORT DATA88
5.9.2.1US88
TABLE 22US: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.2.2China89
TABLE 23CHINA: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.3Japan89
TABLE 24JAPAN: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.4India89
TABLE 25INDIA: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.5Germany90
TABLE 26GERMANY: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.6France90
TABLE 27FRANCE: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.7Spain90
TABLE 28SPAIN: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.8UK91
TABLE 29UK: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)91
5.10KEY CONFERENCES AND EVENTS IN 2023–202491
TABLE 30AIR BRAKE SYSTEM MARKET: UPCOMING CONFERENCES AND EVENTS91
5.11PATENT ANALYSIS92
5.11.1SATELLITE NAVIGATION SYSTEM MARKET: PATENT ANALYSIS (2020–2022)92
5.12REGULATORY LANDSCAPE95
5.12.1US: VEHICLE SAFETY STANDARDS95
5.12.2EUROPE: VEHICLE SAFETY STANDARDS95
5.12.3US: FEDERAL REGULATIONS FOR AIR BRAKE SYSTEM COMPONENTS96
5.12.4US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS97
5.12.5LIST OF REGULATORY AUTHORITIES FOR AIR BRAKE SYSTEMS, BY REGION97
5.13TECHNOLOGY ANALYSIS99
5.13.1DEVELOPMENT OF ELECTRO-PNEUMATIC BRAKE SYSTEM FOR COMMERCIAL VEHICLES99
6RECOMMENDATIONS BY MARKETSANDMARKETS100
6.1ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD100
6.2AIR DISC BRAKE SEGMENT TO GAIN MOMENTUM IN FUTURE100
6.3CONCLUSION101
7AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE102
7.1INTRODUCTION103
TABLE 31NUMBER OF AIR BRAKE COMPONENTS IN EACH VEHICLE TYPE103
7.1.1INSIGHTS FROM INDUSTRY EXPERTS104
FIGURE 29AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023 VS. 2028 (USD MILLION)104
TABLE 32AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2018–2022 (THOUSAND UNITS)104
TABLE 33AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023–2028 (THOUSAND UNITS)105
TABLE 34AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2018–2022 (USD MILLION)105
TABLE 35AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023–2028 (USD MILLION)105
7.2COMPRESSOR106
7.2.1INCREASING PRODUCTION OF COMMERCIAL VEHICLES TO DRIVE MARKET106
TABLE 36COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)106
TABLE 37COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)106
TABLE 38COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 39COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)107
7.3GOVERNOR107
7.3.1INCREASING NUMBER OF HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET107
TABLE 40GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)108
TABLE 41GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)108
TABLE 42GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 43GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)108
7.4STORAGE TANK109
7.4.1INCREASING DEMAND OF COMMERCIAL VEHICLES TO DRIVE MARKET109
TABLE 44STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)109
TABLE 45STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)109
TABLE 46STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)110
TABLE 47STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)110
7.5AIR DRYER110
7.5.1LOW TEMPERATURES IN EUROPE AND NORTH AMERICA TO DRIVE GROWTH110
TABLE 48AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)111
TABLE 49AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)111
TABLE 50AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)111
TABLE 51AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)111
7.6FOOT VALVE112
7.6.1MODERATE INCREASE IN COMMERCIAL VEHICLE PRODUCTION TO DRIVE MARKET112
TABLE 52FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)112
TABLE 53FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)112
TABLE 54FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)113
TABLE 55FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)113
7.7BRAKE CHAMBER113
7.7.1INCREASING NUMBER OF MULTI-AXLE COMMERCIAL VEHICLES TO DRIVE MARKET113
TABLE 56BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)114
TABLE 57BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)114
TABLE 58BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)114
TABLE 59BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)115
7.8SLACK ADJUSTER115
7.8.1INCREASING PRODUCTION OF HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET115
TABLE 60SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)115
TABLE 61SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)116
TABLE 62SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)116
TABLE 63SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)116
8AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE117
8.1INTRODUCTION118
8.1.1INSIGHTS FROM INDUSTRY EXPERTS118
FIGURE 30AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (THOUSAND UNITS)119
TABLE 64AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)119
TABLE 65AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)119
8.2AIR DRUM BRAKE120
8.2.1MARGINAL GROWTH IN GLOBAL DEMAND FOR HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET120
TABLE 66AIR DRUM BRAKE MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)120
TABLE 67AIR DRUM BRAKE MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)120
8.3AIR DISC BRAKE121
8.3.1EASY INSPECTION, LOW STOPPING DISTANCE, AND LONG DURABILITY TO DRIVE MARKET121
TABLE 68AIR DISC BRAKE MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)121
TABLE 69AIR DISC BRAKE MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)121
9AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE123
9.1INTRODUCTION124
TABLE 70VEHICLE DEFINITION BY GVWR124
9.1.1INSIGHTS FROM INDUSTRY EXPERTS124
FIGURE 31AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)125
TABLE 71AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)125
TABLE 72AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)125
TABLE 73AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)126
TABLE 74AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)126
9.2RIGID-BODY TRUCK126
9.2.1SUITABILITY FOR SHORT AND MEDIUM-DISTANCE TRANSPORTATION TO DRIVE GROWTH126
TABLE 75RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)127
TABLE 76RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)127
TABLE 77RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)127
TABLE 78RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)128
9.3HEAVY-DUTY TRUCK128
9.3.1HIGH LOAD CARRYING CAPACITY AND INTRACITY LOGISTIC TRANSPORTATION OPTION TO DRIVE MARKET128
TABLE 79HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)129
TABLE 80HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)129
TABLE 81HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)129
TABLE 82HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)130
9.4SEMI-TRAILER130
9.4.1ROAD INFRASTRUCTURE DEVELOPMENT AND NEED FOR HIGH LOAD-CARRYING CAPACITY TO DRIVE MARKET130
TABLE 83SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)131
TABLE 84SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)131
TABLE 85SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)131
TABLE 86SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)132
9.5BUS132
9.5.1GROWING FOCUS AND GOVERNMENT REGULATIONS ON VEHICLE SAFETY AND ROAD SAFETY TO DRIVE GROWTH132
TABLE 87LIST OF BUS OEMS AND MODELS WITH ANTI-LOCK BRAKING SYSTEM133
TABLE 88BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)133
TABLE 89BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)133
TABLE 90BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)134
TABLE 91BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)134
10AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE135
10.1INTRODUCTION136
10.1.1INSIGHTS FROM INDUSTRY EXPERTS136
FIGURE 32AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023 VS. 2028 (USD THOUSAND)137
TABLE 92AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2018–2022 (UNITS)137
TABLE 93AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023–2028 (UNITS)138
TABLE 94AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2018–2022 (USD THOUSAND)138
TABLE 95AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023–2028 (USD THOUSAND)139
10.2COMPRESSOR139
10.2.1RELIABLE BRAKING PERFORMANCE TO DRIVE MARKET139
TABLE 96COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)140
TABLE 97COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)140
TABLE 98COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)140
TABLE 99COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)141
10.3GOVERNOR141
10.3.1GROWING NUMBER OF CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET141
TABLE 100GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)141
TABLE 101GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)142
TABLE 102GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)142
TABLE 103GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)142
10.4STORAGE TANK143
10.4.1SUBSTANTIAL AIR VOLUME REQUIREMENTS IN HEAVY-DUTY APPLICATIONS TO DRIVE GROWTH143
TABLE 104STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)143
TABLE 105STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)143
TABLE 106STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)143
TABLE 107STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)144
10.5AIR DRYER144
10.5.1INCREASING PRODUCTION OF TRUCKS AND TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET144
TABLE 108AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)145
TABLE 109AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)145
TABLE 110AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)145
TABLE 111AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)146
10.6FOOT VALVE146
10.6.1GROWTH OF GLOBAL CONSTRUCTION AND MINING TRUCKS MARKET TO DRIVE MARKET146
TABLE 112FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)146
TABLE 113FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)147
TABLE 114FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)147
TABLE 115FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)147
10.7BRAKE CHAMBER148
10.7.1GROWING SALES OF CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET148
TABLE 116BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)148
TABLE 117BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)148
TABLE 118BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)149
TABLE 119BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)149
10.8SLACK ADJUSTER149
10.8.1RISING SALES AND DEMAND FOR MULTI-AXLE CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET149
TABLE 120SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)150
TABLE 121SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)150
TABLE 122SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)150
TABLE 123SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)151
11AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE152
11.1INTRODUCTION153
11.1.1INSIGHTS FROM INDUSTRY EXPERTS153
FIGURE 33AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2023 VS. 2028 (THOUSAND UNITS)154
TABLE 124AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2018–2022 (THOUSAND UNITS)154
TABLE 125AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2023–2028 (THOUSAND UNITS)154
11.2COMPRESSOR155
11.2.1HIGH POPULATION AND RAPID URBANIZATION TO DRIVE ASIA PACIFIC MARKET155
TABLE 126COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)155
TABLE 127COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)155
11.3STORAGE TANK156
11.3.1GLOBAL DEVELOPMENT OF RAILWAY SYSTEM TO DRIVE MARKET156
TABLE 128STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)156
TABLE 129STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)156
11.4DRIVER’S BRAKE VALVE157
11.4.1HIGH GOVERNMENT SPENDING AND RISING PRODUCTION OF ROLLING STOCK TO DRIVE ASIA PACIFIC MARKET157
TABLE 130DRIVER’S BRAKE VALVE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)157
TABLE 131DRIVER’S BRAKE VALVE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)157
11.5BRAKE CYLINDER158
11.5.1RAILWAY NETWORK EXPANSION AND GOVERNMENT FOCUS ON RAILWAY SAFETY TO DRIVE MARKET158
TABLE 132BRAKE CYLINDER: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)158
TABLE 133BRAKE CYLINDER: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)158
11.6BRAKE PIPE159
11.6.1GROWING PRODUCTION OF DIFFERENT ROLLING STOCKS TO DRIVE GROWTH159
TABLE 134BRAKE PIPE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)159
TABLE 135BRAKE PIPE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)159
12AIR BRAKE SYSTEM MARKET, BY REGION160
12.1INTRODUCTION161
12.1.1INSIGHTS FROM INDUSTRY EXPERTS161
FIGURE 34AIR BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)162
TABLE 136AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)162
TABLE 137AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)162
TABLE 138AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)163
TABLE 139AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)163
12.2ASIA PACIFIC163
12.2.1RECESSION IMPACT ANALYSIS164
FIGURE 35ASIA PACIFIC: AIR BRAKE SYSTEM MARKET SNAPSHOT165
TABLE 140ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)165
TABLE 141ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)166
TABLE 142ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)166
TABLE 143ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)166
12.2.2CHINA167
12.2.2.1Increasing commercial vehicle production and demand for vehicle safety features to drive market167
TABLE 144CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)167
TABLE 145CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)167
TABLE 146CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)168
TABLE 147CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)168
12.2.3INDIA168
12.2.3.1Increasing commercial vehicle production and integrating advanced braking technologies to drive market168
TABLE 148INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)169
TABLE 149INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)169
TABLE 150INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)169
TABLE 151INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)169
12.2.4JAPAN170
12.2.4.1Increasing commercial vehicle production to drive market170
TABLE 152JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)170
TABLE 153JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)170
TABLE 154JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)171
TABLE 155JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)171
12.2.5SOUTH KOREA171
12.2.5.1Implementing government mandates on vehicle safety to drive market171
TABLE 156SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)172
TABLE 157SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)172
TABLE 158SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)172
TABLE 159SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)173
12.2.6REST OF ASIA PACIFIC173
TABLE 160REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)173
TABLE 161REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)174
TABLE 162REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)174
TABLE 163REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)174
12.3EUROPE175
12.3.1RECESSION IMPACT ANALYSIS175
FIGURE 36EUROPE: AIR BRAKE SYSTEM MARKET SNAPSHOT176
TABLE 164EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)176
TABLE 165EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)177
TABLE 166EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)177
TABLE 167EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)177
12.3.2GERMANY178
12.3.2.1Implementing advanced emergency braking system as standard fitment to drive market178
TABLE 168GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)178
TABLE 169GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)178
TABLE 170GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)179
TABLE 171GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)179
12.3.3FRANCE179
12.3.3.1Growing logistics and transportation sectors to drive market179
TABLE 172FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)180
TABLE 173FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)180
TABLE 174FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)180
TABLE 175FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)180
12.3.4UK181
12.3.4.1Growing commercial vehicle production and adoption of advanced air brake systems to drive market181
TABLE 176UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)181
TABLE 177UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)181
TABLE 178UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)182
TABLE 179UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)182
12.3.5SPAIN182
12.3.5.1Stringent government regulations and growing commercial vehicle production to drive market182
TABLE 180SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)183
TABLE 181SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)183
TABLE 182SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)183
TABLE 183SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)183
12.3.6RUSSIA184
12.3.6.1Growing demand for commercial vehicles to drive market184
TABLE 184RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)184
TABLE 185RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)184
TABLE 186RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)185
TABLE 187RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)185
12.3.7TURKEY185
12.3.7.1Rising stringent safety standards to drive market185
TABLE 188TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)186
TABLE 189TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)186
TABLE 190TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)186
TABLE 191TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)186
12.3.8REST OF EUROPE187
TABLE 192REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)187
TABLE 193REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)187
TABLE 194REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)188
TABLE 195REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)188
12.4NORTH AMERICA188
12.4.1RECESSION IMPACT ANALYSIS189
FIGURE 37NORTH AMERICA: AIR BRAKE SYSTEM MARKET SNAPSHOT190
TABLE 196NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)190
TABLE 197NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)191
TABLE 198NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)191
TABLE 199NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)191
12.4.2US192
12.4.2.1Stringent regulations for braking systems and growing commercial vehicle production to drive market192
TABLE 200US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)192
TABLE 201US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)192
TABLE 202US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)193
TABLE 203US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)193
12.4.3CANADA193
12.4.3.1Increasing popularity of advanced braking systems to drive market193
TABLE 204CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)194
TABLE 205CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)194
TABLE 206CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)194
TABLE 207CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)195
12.4.4MEXICO195
12.4.4.1Adoption of advanced air brake technology and free tr
“Air Disc brake is estimated to be the fastest growing air brake system type.”
The disc brake segment is estimated to grow fastest during the forecast period. The primary factor driving the demand for air disc brakes is the rising focus on safety and stopping distance reduction mandates. For instance, the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations to decrease the overall fatality rate for large trucks. There are stopping distance regulations for various vehicle configurations (three-axle, two-axle, and multi-axle) along with loaded and unloaded commercial vehicles. The regulation implemented in August 2013 stated that the stopping distance for unloaded three-axle trucks should be 235 feet, and for loaded three-axle trucks should be 310 feet.
Additionally, because of the increase in population, there is a high demand for intracity and intercity transfers at low cost, which is estimated to drive the air brake system market in railways and some high-speed trains. Further, most air brake manufacturers are focusing on developing advanced air disc brakes to increase the overall efficiency and performance of brake systems. For instance, in October 2019, Meritor, Inc. announced the launch of the lightweight, single-piston EX+™ LS air disc brake. This advanced braking solution was designed for linehaul and trailer applications. The EX+ LS air disc brake was developed with reasonable taper wear control; the new air disc brake was designed and validated to the same taper wear criteria as a twin-piston brake. All these factors would spur the growth of air disc brakes in the future.
“Compressor segment is estimated to showcase the largest share in construction and mining trucks.”
The compressor segment held the largest market, in terms of value, for construction and mining trucks in 2023.. The trucks used in construction and mining activities are high-power output (HP) with heavy load-carrying capability. They should withstand harsh and rigorous working conditions in the construction and mining environment. Compressors are a key component in every air brake system as they provide power to operate the brakes, and ensure that brakes are always ready to use. Compressors make sure that air brake systems are less susceptible to brake fade or loss of braking power due to overheating.
Thus, with rising construction and mining activities worldwide, the demand for trucks used in this industry would also increase, driving the growth of the high-capacity compressors for construction and mining trucks in the coming years. Furthermore, advancements in air compressors of air brake systems will also cause the demand for air compressor units and overall air brake systems. For instance, some of the compressor manufacturers are focusing on development of lightweight compressor for commercial vehicles to save cargo space, reduce truck gross vehicle weight, and to reduce the maintenance requirement. To construct the lightweight compressor companies are using aluminium material. The companies like VMAC, and Voith develops the lightweight compressor. The companies focus on developing improved and advanced compressors such as electronically controlled compressors, integrated compressors, and maintenance-free compressors for construction and mining trucks.
“Asia Pacific is estimated to be the largest air brake system market during the forecast period.”
The Asia Pacific region holds the largest global air brake system market share. China and Japan are the largest markets, whereas India is the fastest-growing market. The critical reasons for market growth in Asia Pacific are the increasing production of commercial vehicles and stringent government regulations for vehicle safety. Asia Pacific accounted for ~60% of the global truck production in 2022, owing to the presence of OEMs such as Zheng Zou Yutong, Xiamen Kinglong Motor, Tata Motors, and Ashok Leyland. Manufacturers in this region are focused on developing specific solutions that address the challenging driving and braking situations drivers face on the roads. As consumers in the region are showing an increased inclination toward safety awareness, the region has witnessed higher growth than the matured markets of Europe and North America. Further, A strong presence of global air brake system manufacturers with strategic partnerships with regional players coupled with increased heavy commercial vehicle production has boosted the air brake system market in the Asia Pacific region.
Breakdown of Primaries
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
•By Stakeholder: Supply side-80%, Others - 20%
•By Designation: C Level Executives - 20%, Directors/ Vice Presidents-35%, and Others -45%
•By Region: North America - 25%, Europe - 20%, Asia Pacific- 40%, and Rest of the World – 10%
The air brake system market comprises major manufacturers such as Knorr- Bremse AG (Germany), Meritor, Inc. (US), Haldex (Sweden), ZF Friedrichshafen AG (Germany), and Wabtec Corporation (US).
Study Coverage
The study segments the air brake system market based on component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slack adjuster), vehicle type (rigid body, heavy-duty trucks, semi-trailer, and bus), brake type (disc and drum), and region (North America, Asia Oceania, Europe, and RoW). The market also segments the air brake system market for rolling stock, by component (compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe) and construction & mining trucks, by component (compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster).
Key Benefits of Buying the Report:
This report provides insights concerning the following points:
Country-level vehicle type-wise market: The report offers in-depth market sizing and forecasts to 2028 by vehicle types, such as rigid body, heavy-duty truck, semi-trailer, and bus. The market sizing for the air brake system is covered at the country and regional levels considered in this study.
Construction & mining trucks, by component: The report offers in-depth market sizing and forecasts up to 2025 by components, such as compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster. The market sizing for components is covered at a regional level that this study considers.
Rolling Stock, by component: The report offers in-depth market sizing and forecast up to 2028, by component, such as compressor, storage tank, driver’s brake valve, brake cylinder, and brake pipe. The market sizing for rolling stock is covered for regions considered in the study.
The report provides “Market Share” of the leading air brake system market players.
Market Development: The report provides comprehensive information about lucrative emerging markets for the air brake system across regions.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the air brake system market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the air brake system market.
•Analysis of key drivers (growing production of commercial vehicles, Stringent automotive active safety regulations related to air brake system, Integration of anti-lock braking systems (ABS) and electronic stability control (ESC) in Air brake system, and Increased railways and high-speed trains), Restraints (High cost of air brakes over hydraulic brakes, High cost of air brakes over hydraulic brakes), Opportunities (Regulations related to load carrying capacity and mandates on air brakes installation), Challenges (Freezing of air brakes at low temperature).
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION39
TABLE 1AIR BRAKE SYSTEM MARKET DEFINITION, BY BRAKE TYPE39
TABLE 2AIR BRAKE SYSTEM MARKET DEFINITION, BY COMPONENT40
1.2.1INCLUSIONS AND EXCLUSIONS41
TABLE 3INCLUSIONS AND EXCLUSIONS41
1.3MARKET SCOPE42
FIGURE 1MARKETS COVERED42
1.3.1REGIONS COVERED42
FIGURE 2REGIONS COVERED42
1.3.2YEARS CONSIDERED43
1.4CURRENCY CONSIDERED43
TABLE 4CURRENCY EXCHANGE RATES43
1.5STAKEHOLDERS44
1.6SUMMARY OF CHANGES45
2RESEARCH METHODOLOGY46
2.1RESEARCH DATA46
FIGURE 3AIR BRAKE SYSTEM MARKET: RESEARCH DESIGN46
FIGURE 4RESEARCH METHODOLOGY MODEL47
2.1.1SECONDARY DATA47
2.1.1.1List of key secondary sources for base number estimation48
2.1.1.2List of key secondary sources for market size estimation49
2.1.1.3Key data from secondary sources49
FIGURE 5KEY DATA FROM SECONDARY SOURCES49
2.1.2PRIMARY DATA50
FIGURE 6BREAKDOWN OF PRIMARY INTERVIEWS50
2.1.2.1List of targeted primary participants51
2.1.2.2Sampling techniques and data collection methods51
2.2MARKET SIZE ESTIMATION51
FIGURE 7RESEARCH METHODOLOGY: HYPOTHESIS BUILDING52
2.2.1BOTTOM-UP APPROACH53
FIGURE 8AIR BRAKE SYSTEM MARKET SIZE ESTIMATION METHODOLOGY FOR ON-HIGHWAY VEHICLES: BOTTOM-UP APPROACH53
2.2.2TOP-DOWN APPROACH54
FIGURE 9AIR BRAKE SYSTEM MARKET SIZE ESTIMATION METHODOLOGY, BY BRAKE TYPE: TOP-DOWN APPROACH54
2.3RECESSION IMPACT ANALYSIS54
2.4AIR BRAKE SYSTEM MARKET BREAKDOWN AND DATA TRIANGULATION55
FIGURE 10DATA TRIANGULATION55
2.5FACTOR ANALYSIS FOR MARKET SIZE ESTIMATION: DEMAND AND SUPPLY SIDES56
2.6RESEARCH ASSUMPTIONS57
TABLE 5RESEARCH ASSUMPTIONS FOR MARKET FORECAST AND ESTIMATION57
2.7RESEARCH LIMITATIONS60
3EXECUTIVE SUMMARY61
FIGURE 11AIR BRAKE SYSTEM MARKET OVERVIEW61
FIGURE 12AIR BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD BILLION)62
4PREMIUM INSIGHTS64
4.1ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS IN AIR BRAKE SYSTEM MARKET64
FIGURE 13INCREASING COMMERCIAL VEHICLE PRODUCTION AND GROWING GOVERNMENT REGULATIONS ON BRAKING SYSTEMS TO DRIVE MARKET DURING FORECAST PERIOD64
4.2AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE65
FIGURE 14BRAKE CHAMBER SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD65
4.3AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE65
FIGURE 15AIR DISC BRAKES SEGMENT TO DRIVE MARKET DURING FORECAST PERIOD65
4.4AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE66
FIGURE 16SEMI-TRAILER SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD66
4.5CONSTRUCTION AND MINING TRUCK AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE66
FIGURE 17COMPRESSOR SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD66
4.6ROLLING STOCK AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE67
FIGURE 18BRAKE CYLINDER SEGMENT TO LEAD MARKET FOR ROLLING STOCK DURING FORECAST PERIOD67
4.7AIR BRAKE SYSTEM MARKET, BY REGION67
FIGURE 19ASIA PACIFIC TO POSSESS LARGEST MARKET SHARE DURING FORECAST PERIOD67
5MARKET OVERVIEW68
5.1INTRODUCTION68
5.2MARKET DYNAMICS69
FIGURE 20DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN AIR BRAKE SYSTEM MARKET69
5.2.1DRIVERS69
5.2.1.1Increasing sales and production of commercial trucks and buses69
FIGURE 21HEAVY TRUCK AND BUS PRODUCTION FORECAST, 2022–2030 (UNITS)70
5.2.1.2Stringent automotive active safety regulations and integration of anti-lock braking system (ABS) and electronic stability control braking system (ESC)70
TABLE 6LIST OF COMMERCIAL VEHICLE MODELS WITH ANTI-LOCK BRAKING SYSTEMS AND ELECTRONIC STABILITY CONTROL BRAKING SYSTEMS71
5.2.1.3Growing demand for off-highway heavy-duty trucks71
FIGURE 22ARTICULATED AND RIGID DUMP TRUCK VEHICLE SALES, 2020–2028 (UNITS)72
5.2.1.4Increasing development of railway network with growing number of high-speed trains72
TABLE 7TOP RAILWAY PROJECT CONSTRUCTION, BY COST73
5.2.2RESTRAINTS73
5.2.2.1High cost of air brakes over hydraulic brakes73
5.2.2.2Increasing focus on electric trucks and buses74
FIGURE 23ELECTRIC MEDIUM AND HEAVY-DUTY TRUCK AND BUS SALES, 2022–2030 (THOUSAND UNITS)74
5.2.3OPPORTUNITIES75
5.2.3.1Regulations on load-carrying capacity and mandates on air brake installation75
5.2.4CHALLENGES75
5.2.4.1Freezing of air brakes at low temperature75
5.3TRENDS/DISRUPTIONS IMPACTING BUYERS76
FIGURE 24TRENDS/DISRUPTION IMPACTING BUYERS76
5.4ECOSYSTEM ANALYSIS77
FIGURE 25AIR BRAKE SYSTEM MARKET: ECOSYSTEM ANALYSIS77
FIGURE 26AIR BRAKE SYSTEM MARKET ECOSYSTEM78
5.4.1AIR BRAKE SYSTEM MANUFACTURERS78
5.4.2COMPONENT SUPPLIERS/TECHNOLOGY PROVIDERS78
5.4.3AUTOMOTIVE OEMS78
5.4.4GOVERNMENT AND REGULATORY AUTHORITIES79
5.4.5DEALERS AND DISTRIBUTORS79
5.4.6SERVICE AND REPAIR CENTERS79
5.4.7FLEET OWNERS AND OPERATORS79
TABLE 8AIR BRAKE SYSTEM MARKET: ROLE OF COMPANIES IN ECOSYSTEM79
5.5SUPPLY CHAIN ANALYSIS81
FIGURE 27AIR BRAKE SYSTEM MARKET: SUPPLY CHAIN ANALYSIS81
5.6PRICING ANALYSIS82
5.6.1PRICE TREND, BY REGION, 2020 VS. 202282
TABLE 9PRICE TREND ANALYSIS: REGIONAL LEVEL82
5.6.2PRICE TREND, BY BRAKE TYPE, 2020 VS. 202282
TABLE 10PRICE TREND ANALYSIS: BY BRAKE TYPE82
5.7USE CASE ANALYSIS82
5.7.1USE CASE 1: SEVERAL CHALLENGES FOR KNORR-BREMSE AG IN DEVELOPING BRAKE SYSTEMS82
5.7.2USE CASE 2: NEW AIR BRAKE SYSTEM DEVELOPED BY ARVIN MERITOR AND TBS SOLUTION83
5.7.3USE CASE 3: GOIZPER BRAKE CLUTCH84
5.8BUYING CRITERIA84
FIGURE 28KEY BUYING CRITERIA FOR AIR DISC BRAKE VS. AIR DRUM BRAKE84
TABLE 11KEY BUYING CRITERIA FOR AIR DISC BRAKE VS. AIR DRUM BRAKE85
5.9TRADE DATA ANALYSIS85
5.9.1IMPORT DATA85
5.9.1.1US85
TABLE 12US: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)85
5.9.1.2Mexico85
TABLE 13MEXICO: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)85
5.9.1.3Canada86
TABLE 14CANADA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.4China86
TABLE 15CHINA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.5Japan86
TABLE 16JAPAN: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)86
5.9.1.6India87
TABLE 17INDIA: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.7Germany87
TABLE 18GERMANY: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.8France87
TABLE 19FRANCE: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)87
5.9.1.9Spain88
TABLE 20SPAIN: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.1.10UK88
TABLE 21UK: IMPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.2EXPORT DATA88
5.9.2.1US88
TABLE 22US: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)88
5.9.2.2China89
TABLE 23CHINA: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.3Japan89
TABLE 24JAPAN: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.4India89
TABLE 25INDIA: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)89
5.9.2.5Germany90
TABLE 26GERMANY: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.6France90
TABLE 27FRANCE: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.7Spain90
TABLE 28SPAIN: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)90
5.9.2.8UK91
TABLE 29UK: EXPORT OF AIR BRAKES AND PARTS FOR RAILWAY OR TRAMWAY LOCOMOTIVES OR ROLLING STOCK, BY COUNTRY (%), (2018–2022)91
5.10KEY CONFERENCES AND EVENTS IN 2023–202491
TABLE 30AIR BRAKE SYSTEM MARKET: UPCOMING CONFERENCES AND EVENTS91
5.11PATENT ANALYSIS92
5.11.1SATELLITE NAVIGATION SYSTEM MARKET: PATENT ANALYSIS (2020–2022)92
5.12REGULATORY LANDSCAPE95
5.12.1US: VEHICLE SAFETY STANDARDS95
5.12.2EUROPE: VEHICLE SAFETY STANDARDS95
5.12.3US: FEDERAL REGULATIONS FOR AIR BRAKE SYSTEM COMPONENTS96
5.12.4US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS97
5.12.5LIST OF REGULATORY AUTHORITIES FOR AIR BRAKE SYSTEMS, BY REGION97
5.13TECHNOLOGY ANALYSIS99
5.13.1DEVELOPMENT OF ELECTRO-PNEUMATIC BRAKE SYSTEM FOR COMMERCIAL VEHICLES99
6RECOMMENDATIONS BY MARKETSANDMARKETS100
6.1ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD100
6.2AIR DISC BRAKE SEGMENT TO GAIN MOMENTUM IN FUTURE100
6.3CONCLUSION101
7AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE102
7.1INTRODUCTION103
TABLE 31NUMBER OF AIR BRAKE COMPONENTS IN EACH VEHICLE TYPE103
7.1.1INSIGHTS FROM INDUSTRY EXPERTS104
FIGURE 29AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023 VS. 2028 (USD MILLION)104
TABLE 32AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2018–2022 (THOUSAND UNITS)104
TABLE 33AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023–2028 (THOUSAND UNITS)105
TABLE 34AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2018–2022 (USD MILLION)105
TABLE 35AIR BRAKE SYSTEM MARKET, BY COMPONENT TYPE, 2023–2028 (USD MILLION)105
7.2COMPRESSOR106
7.2.1INCREASING PRODUCTION OF COMMERCIAL VEHICLES TO DRIVE MARKET106
TABLE 36COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)106
TABLE 37COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)106
TABLE 38COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 39COMPRESSOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)107
7.3GOVERNOR107
7.3.1INCREASING NUMBER OF HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET107
TABLE 40GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)108
TABLE 41GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)108
TABLE 42GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 43GOVERNOR: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)108
7.4STORAGE TANK109
7.4.1INCREASING DEMAND OF COMMERCIAL VEHICLES TO DRIVE MARKET109
TABLE 44STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)109
TABLE 45STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)109
TABLE 46STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)110
TABLE 47STORAGE TANK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)110
7.5AIR DRYER110
7.5.1LOW TEMPERATURES IN EUROPE AND NORTH AMERICA TO DRIVE GROWTH110
TABLE 48AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)111
TABLE 49AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)111
TABLE 50AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)111
TABLE 51AIR DRYER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)111
7.6FOOT VALVE112
7.6.1MODERATE INCREASE IN COMMERCIAL VEHICLE PRODUCTION TO DRIVE MARKET112
TABLE 52FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)112
TABLE 53FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)112
TABLE 54FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)113
TABLE 55FOOT VALVE: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)113
7.7BRAKE CHAMBER113
7.7.1INCREASING NUMBER OF MULTI-AXLE COMMERCIAL VEHICLES TO DRIVE MARKET113
TABLE 56BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)114
TABLE 57BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)114
TABLE 58BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)114
TABLE 59BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)115
7.8SLACK ADJUSTER115
7.8.1INCREASING PRODUCTION OF HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET115
TABLE 60SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)115
TABLE 61SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)116
TABLE 62SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)116
TABLE 63SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)116
8AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE117
8.1INTRODUCTION118
8.1.1INSIGHTS FROM INDUSTRY EXPERTS118
FIGURE 30AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (THOUSAND UNITS)119
TABLE 64AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)119
TABLE 65AIR BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)119
8.2AIR DRUM BRAKE120
8.2.1MARGINAL GROWTH IN GLOBAL DEMAND FOR HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET120
TABLE 66AIR DRUM BRAKE MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)120
TABLE 67AIR DRUM BRAKE MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)120
8.3AIR DISC BRAKE121
8.3.1EASY INSPECTION, LOW STOPPING DISTANCE, AND LONG DURABILITY TO DRIVE MARKET121
TABLE 68AIR DISC BRAKE MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)121
TABLE 69AIR DISC BRAKE MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)121
9AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE123
9.1INTRODUCTION124
TABLE 70VEHICLE DEFINITION BY GVWR124
9.1.1INSIGHTS FROM INDUSTRY EXPERTS124
FIGURE 31AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)125
TABLE 71AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)125
TABLE 72AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)125
TABLE 73AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)126
TABLE 74AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)126
9.2RIGID-BODY TRUCK126
9.2.1SUITABILITY FOR SHORT AND MEDIUM-DISTANCE TRANSPORTATION TO DRIVE GROWTH126
TABLE 75RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)127
TABLE 76RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)127
TABLE 77RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)127
TABLE 78RIGID-BODY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)128
9.3HEAVY-DUTY TRUCK128
9.3.1HIGH LOAD CARRYING CAPACITY AND INTRACITY LOGISTIC TRANSPORTATION OPTION TO DRIVE MARKET128
TABLE 79HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)129
TABLE 80HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)129
TABLE 81HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)129
TABLE 82HEAVY-DUTY TRUCK: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)130
9.4SEMI-TRAILER130
9.4.1ROAD INFRASTRUCTURE DEVELOPMENT AND NEED FOR HIGH LOAD-CARRYING CAPACITY TO DRIVE MARKET130
TABLE 83SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)131
TABLE 84SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)131
TABLE 85SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)131
TABLE 86SEMI-TRAILER: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)132
9.5BUS132
9.5.1GROWING FOCUS AND GOVERNMENT REGULATIONS ON VEHICLE SAFETY AND ROAD SAFETY TO DRIVE GROWTH132
TABLE 87LIST OF BUS OEMS AND MODELS WITH ANTI-LOCK BRAKING SYSTEM133
TABLE 88BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)133
TABLE 89BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)133
TABLE 90BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)134
TABLE 91BUS: AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)134
10AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE135
10.1INTRODUCTION136
10.1.1INSIGHTS FROM INDUSTRY EXPERTS136
FIGURE 32AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023 VS. 2028 (USD THOUSAND)137
TABLE 92AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2018–2022 (UNITS)137
TABLE 93AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023–2028 (UNITS)138
TABLE 94AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2018–2022 (USD THOUSAND)138
TABLE 95AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY COMPONENT TYPE, 2023–2028 (USD THOUSAND)139
10.2COMPRESSOR139
10.2.1RELIABLE BRAKING PERFORMANCE TO DRIVE MARKET139
TABLE 96COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)140
TABLE 97COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)140
TABLE 98COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)140
TABLE 99COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)141
10.3GOVERNOR141
10.3.1GROWING NUMBER OF CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET141
TABLE 100GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)141
TABLE 101GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)142
TABLE 102GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)142
TABLE 103GOVERNOR: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)142
10.4STORAGE TANK143
10.4.1SUBSTANTIAL AIR VOLUME REQUIREMENTS IN HEAVY-DUTY APPLICATIONS TO DRIVE GROWTH143
TABLE 104STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)143
TABLE 105STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)143
TABLE 106STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)143
TABLE 107STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)144
10.5AIR DRYER144
10.5.1INCREASING PRODUCTION OF TRUCKS AND TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET144
TABLE 108AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)145
TABLE 109AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)145
TABLE 110AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)145
TABLE 111AIR DRYER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)146
10.6FOOT VALVE146
10.6.1GROWTH OF GLOBAL CONSTRUCTION AND MINING TRUCKS MARKET TO DRIVE MARKET146
TABLE 112FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)146
TABLE 113FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)147
TABLE 114FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)147
TABLE 115FOOT VALVE: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)147
10.7BRAKE CHAMBER148
10.7.1GROWING SALES OF CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET148
TABLE 116BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)148
TABLE 117BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)148
TABLE 118BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)149
TABLE 119BRAKE CHAMBER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)149
10.8SLACK ADJUSTER149
10.8.1RISING SALES AND DEMAND FOR MULTI-AXLE CONSTRUCTION AND MINING TRUCKS TO DRIVE MARKET149
TABLE 120SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (UNITS)150
TABLE 121SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (UNITS)150
TABLE 122SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET, FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2018–2022 (USD THOUSAND)150
TABLE 123SLACK ADJUSTER: AIR BRAKE SYSTEM MARKET FOR CONSTRUCTION AND MINING TRUCKS, BY REGION, 2023–2028 (USD THOUSAND)151
11AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE152
11.1INTRODUCTION153
11.1.1INSIGHTS FROM INDUSTRY EXPERTS153
FIGURE 33AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2023 VS. 2028 (THOUSAND UNITS)154
TABLE 124AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2018–2022 (THOUSAND UNITS)154
TABLE 125AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY COMPONENT TYPE, 2023–2028 (THOUSAND UNITS)154
11.2COMPRESSOR155
11.2.1HIGH POPULATION AND RAPID URBANIZATION TO DRIVE ASIA PACIFIC MARKET155
TABLE 126COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)155
TABLE 127COMPRESSOR: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)155
11.3STORAGE TANK156
11.3.1GLOBAL DEVELOPMENT OF RAILWAY SYSTEM TO DRIVE MARKET156
TABLE 128STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)156
TABLE 129STORAGE TANK: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)156
11.4DRIVER’S BRAKE VALVE157
11.4.1HIGH GOVERNMENT SPENDING AND RISING PRODUCTION OF ROLLING STOCK TO DRIVE ASIA PACIFIC MARKET157
TABLE 130DRIVER’S BRAKE VALVE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)157
TABLE 131DRIVER’S BRAKE VALVE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)157
11.5BRAKE CYLINDER158
11.5.1RAILWAY NETWORK EXPANSION AND GOVERNMENT FOCUS ON RAILWAY SAFETY TO DRIVE MARKET158
TABLE 132BRAKE CYLINDER: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)158
TABLE 133BRAKE CYLINDER: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)158
11.6BRAKE PIPE159
11.6.1GROWING PRODUCTION OF DIFFERENT ROLLING STOCKS TO DRIVE GROWTH159
TABLE 134BRAKE PIPE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2018–2022 (THOUSAND UNITS)159
TABLE 135BRAKE PIPE: AIR BRAKE SYSTEM MARKET FOR ROLLING STOCK, BY REGION, 2023–2028 (THOUSAND UNITS)159
12AIR BRAKE SYSTEM MARKET, BY REGION160
12.1INTRODUCTION161
12.1.1INSIGHTS FROM INDUSTRY EXPERTS161
FIGURE 34AIR BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)162
TABLE 136AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)162
TABLE 137AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)162
TABLE 138AIR BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)163
TABLE 139AIR BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)163
12.2ASIA PACIFIC163
12.2.1RECESSION IMPACT ANALYSIS164
FIGURE 35ASIA PACIFIC: AIR BRAKE SYSTEM MARKET SNAPSHOT165
TABLE 140ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)165
TABLE 141ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)166
TABLE 142ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)166
TABLE 143ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)166
12.2.2CHINA167
12.2.2.1Increasing commercial vehicle production and demand for vehicle safety features to drive market167
TABLE 144CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)167
TABLE 145CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)167
TABLE 146CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)168
TABLE 147CHINA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)168
12.2.3INDIA168
12.2.3.1Increasing commercial vehicle production and integrating advanced braking technologies to drive market168
TABLE 148INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)169
TABLE 149INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)169
TABLE 150INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)169
TABLE 151INDIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)169
12.2.4JAPAN170
12.2.4.1Increasing commercial vehicle production to drive market170
TABLE 152JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)170
TABLE 153JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)170
TABLE 154JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)171
TABLE 155JAPAN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)171
12.2.5SOUTH KOREA171
12.2.5.1Implementing government mandates on vehicle safety to drive market171
TABLE 156SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)172
TABLE 157SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)172
TABLE 158SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)172
TABLE 159SOUTH KOREA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)173
12.2.6REST OF ASIA PACIFIC173
TABLE 160REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)173
TABLE 161REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)174
TABLE 162REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)174
TABLE 163REST OF ASIA PACIFIC: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)174
12.3EUROPE175
12.3.1RECESSION IMPACT ANALYSIS175
FIGURE 36EUROPE: AIR BRAKE SYSTEM MARKET SNAPSHOT176
TABLE 164EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)176
TABLE 165EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)177
TABLE 166EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)177
TABLE 167EUROPE: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)177
12.3.2GERMANY178
12.3.2.1Implementing advanced emergency braking system as standard fitment to drive market178
TABLE 168GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)178
TABLE 169GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)178
TABLE 170GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)179
TABLE 171GERMANY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)179
12.3.3FRANCE179
12.3.3.1Growing logistics and transportation sectors to drive market179
TABLE 172FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)180
TABLE 173FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)180
TABLE 174FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)180
TABLE 175FRANCE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)180
12.3.4UK181
12.3.4.1Growing commercial vehicle production and adoption of advanced air brake systems to drive market181
TABLE 176UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)181
TABLE 177UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)181
TABLE 178UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)182
TABLE 179UK: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)182
12.3.5SPAIN182
12.3.5.1Stringent government regulations and growing commercial vehicle production to drive market182
TABLE 180SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)183
TABLE 181SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)183
TABLE 182SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)183
TABLE 183SPAIN: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)183
12.3.6RUSSIA184
12.3.6.1Growing demand for commercial vehicles to drive market184
TABLE 184RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)184
TABLE 185RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)184
TABLE 186RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)185
TABLE 187RUSSIA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)185
12.3.7TURKEY185
12.3.7.1Rising stringent safety standards to drive market185
TABLE 188TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)186
TABLE 189TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)186
TABLE 190TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)186
TABLE 191TURKEY: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)186
12.3.8REST OF EUROPE187
TABLE 192REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)187
TABLE 193REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)187
TABLE 194REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)188
TABLE 195REST OF EUROPE: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)188
12.4NORTH AMERICA188
12.4.1RECESSION IMPACT ANALYSIS189
FIGURE 37NORTH AMERICA: AIR BRAKE SYSTEM MARKET SNAPSHOT190
TABLE 196NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)190
TABLE 197NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)191
TABLE 198NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)191
TABLE 199NORTH AMERICA: AIR BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)191
12.4.2US192
12.4.2.1Stringent regulations for braking systems and growing commercial vehicle production to drive market192
TABLE 200US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)192
TABLE 201US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)192
TABLE 202US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)193
TABLE 203US: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)193
12.4.3CANADA193
12.4.3.1Increasing popularity of advanced braking systems to drive market193
TABLE 204CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)194
TABLE 205CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)194
TABLE 206CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)194
TABLE 207CANADA: AIR BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)195
12.4.4MEXICO195
12.4.4.1Adoption of advanced air brake technology and free tr
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