The global air brakes system market size was USD 5.09 Billion in 2021 and is expected to register a revenue CAGR of 4.2% over the forecast period, according to the latest analysis by Emergen Research. Growing demand for heavy trucks and commercial vehicles and rising demand for air brakes in the railway sector are factors expected to drive the market revenue growth.

The latest report is furnished with a detailed examination of the Air Brake System market and the global economic landscape ravaged by the ongoing COVID-19 pandemic. The pandemic has significantly affected millions of people’s lives. Besides, it has turned the global economy upside down, which has adversely impacted the Air Brake System business sphere. Thus, the report encompasses the severe effects of the coronavirus pandemic on the Air Brake System market and its key segments.

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 Key Players operating in the industry are:

Knorr-Bremse AG, ZF Friedrichshafen AG, Meritor, Inc., Haldex, Wabtec Corporation, Nabtesco Automotive Corporation, Brake Systems Inc., Tenneco Inc., SORL Auto Parts, Inc., and Grindlays Engine Parts Pvt. Ltd

Radical Features of the Air Brake System Market Report:

  • The report encompasses Air Brake System market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
  • An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
  • Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
  • Supply chain analysis along with technological advancements offered in the report
  • The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Air Brake System industry

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Segmentation:

  • Type Outlook (Revenue, USD Billion, 2019–2030)

    • Air Disc Brake
    • Air Drum Brake

  • Component Outlook (Revenue, USD Billion, 2019–2030)

    • Compressor
    • Governor
    • Tank
    • Air Dryer
    • Foot Valve
    • Brake Chamber
    • Slack Adjuster
    • Others

  • Vehicle Type Outlook (Revenue, USD Billion, 2019–2030)

    • Trucks
    • Bus
    • Rolling Stock

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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