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A Summary of the Air Brake Systems Market Development (2023 to 2033)

As of the current year, 2023, the global air brake system market is estimated at US$ 2,108.8 Million. The value of the air brake system market is anticipated to surpass US$ 3,003.5 Million by the year 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ 2,025.7 Million has been recorded by the analysts of Future Market Insights for the concerned market during the base year. The growth is supported by:

  • The high demand for air-pressing piston application in the brakes to stop vehicles.
  • A rise in the sale and production of commercial vehicles is estimated to boost the sale of air brake systems across the globe.
  • An increase in the production of high-speed trains and developments in the railways are driving the expansion of the air brake system market.
  • The requirement in the automotive industry to apply great efforts to apply brakes often demands the frequent employment of air brake systems.
  • Growing regulations passed by the government across developing economies for the reduction of stopping distance is identified as a major cause reshaping the landscape of the air brake system market.
Report Attribute Details
Air Brake Systems Market Value (2023) US$ 2,108.8 Million
Air Brake Systems Market Anticipated Value (2033) US$ 3,003.5 Million
Air Brake Systems Projected Growth Rate (2023 to 2033) 3.6%

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High Capital Expenditure Hovers as a Curse over the Air Brake Systems Industry

Although the market has healthy growth, it is identified that certain elements prevailing in the market are expected to hinder the pace of advancement. The high cost of air brakes over the implication of hydraulic brakes poses a threat to the industry.

It has been identified that there is a surge in the production of electric vehicles (EVs). Increased focus on electric buses and trucks is anticipated to curb the advancement of the market in the forthcoming years. Furthermore, the airbrakes tend to freeze at extremely low temperatures, impeding the growth of the product.

However, it is also analyzed that new regulations by the government in regard to load-carrying capacity and mandatory installation of air brake systems are likely to create profitable opportunities during the forecast period.

Railway Industry Paves the Pathway to Boon

There is a huge demand from the railway industry for air brake systems. The revenue growth of the market is estimated to surge further during the projection period. The rail freight vehicles are getting equipped with air brakes that have twin pipes or single pipes graduated release mechanisms.

The railway industry is heavily using air brake systems because they are very effective and a dependable source of stopping technology for long and big trains that operate at high speed. Compressed air is being used for the brake technology employed, and is a significant factor contributing to the growth of the market.

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Nikhil Kaitwade

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Overview of the Historical Market Scenario

It is identified that the air brake systems market has been witnessing an unprecedented surge in recent years. After an in-depth analysis of the market, it is estimated that there has been an approximate rise of US$ 83.1 Million from the base year to the current. The market accounted for a historical CAGR of 2.0% during the period 2018 to 2022.

The growth of the market can be attributed to stringent standards of safety and higher importance on efficiency. Changing advancements and components are prompting manufacturers in the air brake system market to focus on the development of their brakes. Upsurge in the demand for vehicle safety technologies that include anti-lock braking systems, regenerative braking, electronic stability program, and traction control systems have compelled the OEMs to integrate such technologies in the air brake systems.

Therefore, it is projected that the market has increased at a steady pace and is likely to have significant growth over the forecast period.

Comparative Analysis of Adjacent Markets

Air Brake Systems Market:

Differentiating Aspects Air Brake Systems Market
CAGR 4.8%
Market Valuation in 2022 US$ 2,108.8 Million
Projected Market Value in 2032 US$ 3,003.5 Million
Drivers Development in the railway sector and production of high-speed vehicles

Automotive Brake Market:

Differentiating Aspects Automotive Brake Market
CAGR 5.4%
Market Valuation in 2022 US$ 50.66 Billion
Projected Market Value in 2032 US$ 85.71 Billion
Drivers The adoption of luxury automobiles is propelling

Brake System Market:

Differentiating Aspects Brake System Market
CAGR 4.8%
Market Valuation in 2022 US$ 23.27 Billion
Projected Market Value in 2032 US$ 37.18 Billion
Drivers Roll out of stringent safety regulations is bolstering the market demand for braking systems in the automobile industry.

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Category-wise Insights

Foregoing Vehicle Models Curate Further Opportunities for Domineering Segments

Air Drum Brake - By Type

After an in-depth analysis of the air brake systems market, it has been revealed that the air drum brakes segment by product type is likely to hold significant market shares through the forecast period. This segment is likely to move at a steady pace, registering a CAGR of 4.4%. This segment is currently having a market share of 67.5% in 2023.

The factors attributing to the growth of this segment are:

  • Affordable manufacturing and simplistic construction of air drum brakes are resulting in the widespread use of this system.
  • The air drum brakes have a low maintenance cost in comparison to the air disc brakes.
  • They function using frictional force and are estimated to have higher demand through the forecast period.

Compressor - By Component Type

The compressor segment by component type is identified to hold significant shares of the air brake systems market through 2033. The segment has been moving ahead of the following component types that include foot valves, slack adjusters, brake chambers, governors, air dryers, and others. The segment is estimated to expand at a CAGR of 5.5% during the estimated study period. The factors making a contribution to the rising shares of this segment in the market are:

  • The compressors are engineered in a way that they function automatically even when a vehicle loses its compressed air supply due to any issue or a leak.
  • An emergency capability enables a rapid application through a second emergency reservoir, thereby raising the demand for compressors in 2023.

Country-wise Insights

Automotive Sector Across Diverse Countries Escalate the Adoption of Air Brake Systems

Country/Region United States of America
Statistics The USA has emerged as the leading country in the North American region with an 18.5% market share in 2023.
Growth Propellants The factors attributing to the growth of the USA air brake systems market include the manufacture of commercial vehicles. As per the research of FMI, 7.6 million commercial vehicles were manufactured in the base year. As per the USA Department of Transportation, the trucks transported 70.9% of the value of trade between the USA and Canada, which is expected to drive the demand through the forecast period.
Country/Region Europe
Statistics The UK emerged as the leading European country in the air brake systems market. The country is currently having a 4% market share in 2023.
Growth Propellants A growth in end-user demand, coupled with lower time-consuming of brakes is driving the demand for air brake systems in European countries. Higher efficiency and surge in the market size of the railway and automobile industry have turned out to be the most significant factors using the concerned products across Europe.
Country/Region Japan
Statistics Japan is projected to have a considerable rate of expansion in the air brake system market size over the forecast period. At present, the country is holding 5.2% shares of the Asia Pacific market.
Growth Propellants The robust revenue growth across Japan is owing to the rising investment in transportation infrastructure. Demand across Japan to shorten the transit time of freight with rising the average speed for freight trains is bolstering the application of air brake systems and raising the market size in Japan.
Country/Region Korea
Statistics The Korean air brake system market is identified to have substantial growth over the forecast period.
Growth Propellants Industrial robotics and the surge in the implementation of automation processes across Korea are fueling the employment of air brake systems in vehicles. Stringent regulations imposed by the Korean government for automobiles to have suitable hardware with collision avoidance systems are creating lucrative growth prospects for key players in the country.

Start-up Ecosystem

Start-ups Add an Edge to the Conventional Models of Air Brake Systems

The new entrants in the air brake systems market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the air brake systems market.

Top Start-ups to Watch For

BERINGER SAS - This start-up firm specializes in high-performance air brakes. The specialty is owing to the innovative solutions designed for cars, quads, and motorcycles. For the racing market, they have a strong presence of highly performing brakes, particularly for motorcycle racing. It is identified that this firm invests more than 10 percent of its total turnovers each year in research and development activities and more than 10 patents for braking technologies.

Brembo - Brembo is an Italy-based automotive brake system manufacturing company for high-performance cars and motorcycles. The company sells over 1,300 products across the world and has a presence in both OEMs and aftermarkets. It is also a prominent brake system supplier to racing events such as F1, MotoGP, and IndyCar series.

Continental - This company is offering products and services to the rubber and automotive industries. Their unique range of product lines is fetching incredible revenue shares and is increasing the prominence of the firm on a global scale.

Competitive Landscape

Biggies Cede a Silver Lining to the Air Brake Systems Market

The air brake systems market is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to advanced braking systems with efficient compressors for easing the job of autonomous vehicle manufacturers to make automobiles with high speed, backed by high safety.

EBC Brakes is one of the world’s leading brake specialist companies. It supplies products to both the aftermarket and production-based race cars. EBC Brakes produces the largest range of brake pads and brake discs in the world. It supplies brake pads, brake rotors, brake lines, brake kits, and brake shoes and accessories to passenger cars, motorcycles, and commercial vehicles in the automotive market.

Recent Developments

  • In February 2022, Knorr-Bremse AG initiated a long-term framework of a contract with Alstom for delivering braking systems, entrance, and climate control solutions for major projects of transportation. The company is estimated to deliver electro-pneumatic braking systems that include PistonSupply eco oil-free compressors, SysControl electronic brake control systems, and the FlexControl flexible brake control unit, sanding systems, and track brakes.
  • In June 2022, ZF Friedrichshafen AG launched an expanded facility across India. The facility is identified to be the largest hub of software for the ZF Group, which is anticipated to create extensive opportunities for jobs within the state of Hyderabad.

Some of the companies proliferating in the market are

  • Knorr-Bremse AG
  • Anand Group
  • Minda Nabtesco Automotive (P) LTD.
  • WABCO, Airmaster Brake Systems
  • Bendix Commercial Vehicle Systems LLC
  • Haldex Europe SAS
  • Brakes India Limited
  • SORL Auto Parts, Inc.
  • YUMAK Air Brake Systems
  • Fricción y Tecnología
  • S.A. de C.V.

Key Segments in the Air Brake Systems Markey

By Product Type:

  • Disc Brake
  • Drum Brake

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By End Use Industry:

  • Aerospace
  • Automotive
  • Industrial & Manufacturing
  • Healthcare
  • Consumer Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

By Component:

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

By Technology:

  • Anti-lock Braking System (ABS)
  • Traction Control System (TCS)
  • Electronic Stability Program or Electronic Stability Control (ESC)
  • Electronic Brake Force Distribution (EBD)

By Application:

  • On-Road
  • Off-road Vehicle)
  • Rolling Stock and Locomotive Electro-Pneumatic(EP)
  • Electronically Controlled Pneumatic (ECP)

Frequently Asked Questions

What is the Growth Outlook for the Air Brake System Market?

The growth outlook for the air brake system market is predicted to advance at a CAGR of 3.6% from 2023 to 2033.

Which Region Leads the Air Brake System Market?

The North American region is anticipated to lead the air brake system market during the forecast period.

What is the market valuation of the Air Brake System in 2023?

The market valuation of the air brake system market stands at US$ 2,108.8 Million in 2023.

How much Growth Potential does the Air Brake System hold?

The air brake system market is likely to hold a valuation of US$ 3,003.5 Million by 2033.

Which sector is the key driver in the Air Brake System Market?

The automotive industry sector is the key driver in the air brake system market.

Table of Content

1. Executive Summary | Air Brake Systems Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033

        5.3.1. Traction Control System

        5.3.2. Electronic Stability Control

        5.3.3. Electronic Brake-force Distribution

        5.3.4. Anti-Lock Braking System

    5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Passenger

        6.3.2. Commercial

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033

        7.3.1. Heavy-Duty

        7.3.2. Rigid Body

        7.3.3. Semi-Trailer

        7.3.4. Bus

    7.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. Middle East and Africa (MEA)

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. United States of America

            9.2.1.2. Canada

        9.2.2. By Technology

        9.2.3. By Application

        9.2.4. By Vehicle Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Technology

        9.3.3. By Application

        9.3.4. By Vehicle Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Technology

        10.2.3. By Application

        10.2.4. By Vehicle Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Technology

        10.3.3. By Application

        10.3.4. By Vehicle Type

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Technology

        11.2.3. By Application

        11.2.4. By Vehicle Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Technology

        11.3.3. By Application

        11.3.4. By Vehicle Type

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Technology

        12.2.3. By Application

        12.2.4. By Vehicle Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Technology

        12.3.3. By Application

        12.3.4. By Vehicle Type

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Technology

        13.2.3. By Application

        13.2.4. By Vehicle Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Technology

        13.3.3. By Application

        13.3.4. By Vehicle Type

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. United States of America

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Technology

            14.1.2.2. By Application

            14.1.2.3. By Vehicle Type

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Technology

            14.2.2.2. By Application

            14.2.2.3. By Vehicle Type

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Technology

            14.3.2.2. By Application

            14.3.2.3. By Vehicle Type

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Technology

            14.4.2.2. By Application

            14.4.2.3. By Vehicle Type

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Technology

            14.5.2.2. By Application

            14.5.2.3. By Vehicle Type

    14.6.United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Technology

            14.6.2.2. By Application

            14.6.2.3. By Vehicle Type

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Technology

            14.7.2.2. By Application

            14.7.2.3. By Vehicle Type

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Technology

            14.8.2.2. By Application

            14.8.2.3. By Vehicle Type

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Technology

            14.9.2.2. By Application

            14.9.2.3. By Vehicle Type

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Technology

            14.10.2.2. By Application

            14.10.2.3. By Vehicle Type

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Technology

            14.11.2.2. By Application

            14.11.2.3. By Vehicle Type

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Technology

            14.12.2.2. By Application

            14.12.2.3. By Vehicle Type

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Technology

            14.13.2.2. By Application

            14.13.2.3. By Vehicle Type

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Technology

            14.14.2.2. By Application

            14.14.2.3. By Vehicle Type

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Technology

            14.15.2.2. By Application

            14.15.2.3. By Vehicle Type

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Technology

            14.16.2.2. By Application

            14.16.2.3. By Vehicle Type

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Technology

            14.17.2.2. By Application

            14.17.2.3. By Vehicle Type

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Technology

            14.18.2.2. By Application

            14.18.2.3. By Vehicle Type

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Technology

            14.19.2.2. By Application

            14.19.2.3. By Vehicle Type

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Technology

            14.20.2.2. By Application

            14.20.2.3. By Vehicle Type

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Technology

        15.3.3. By Application

        15.3.4. By Vehicle Type

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Knorr-Bremse

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. WABCO 

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Meritor 

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Haldex 

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. ZF

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Wabtec Corporation

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Nabtesco

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Federal-Mogul Corporation

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Sorl Auto Parts

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. TSE Brakes

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 8: Global Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 14: North America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 16: North America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 20: Latin America Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 22: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 24: Latin America Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 28: Europe Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 30: Europe Market Volume (Units) Forecast by Application, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 32: Europe Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 36: Asia Pacific Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 38: Asia Pacific Market Volume (Units) Forecast by Application, 2018 to 2033

Table 39: Asia Pacific Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 40: Asia Pacific Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 43: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 44: MEA Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 45: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 46: MEA Market Volume (Units) Forecast by Application, 2018 to 2033

Table 47: MEA Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 48: MEA Market Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Technology, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 10: Global Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 13: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 14: Global Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 17: Global Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 18: Global Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 21: Global Market Attractiveness by Technology, 2023 to 2033

Figure 22: Global Market Attractiveness by Application, 2023 to 2033

Figure 23: Global Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 24: Global Market Attractiveness by Region, 2023 to 2033

Figure 25: North America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Application, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 33: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 34: North America Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 38: North America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 41: North America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 42: North America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 43: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 44: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 45: North America Market Attractiveness by Technology, 2023 to 2033

Figure 46: North America Market Attractiveness by Application, 2023 to 2033

Figure 47: North America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 48: North America Market Attractiveness by Country, 2023 to 2033

Figure 49: Latin America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 50: Latin America Market Value (US$ Million) by Application, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 57: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 58: Latin America Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 62: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 66: Latin America Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 69: Latin America Market Attractiveness by Technology, 2023 to 2033

Figure 70: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 73: Europe Market Value (US$ Million) by Technology, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) by Application, 2023 to 2033

Figure 75: Europe Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 82: Europe Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 83: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 85: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 86: Europe Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 89: Europe Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 90: Europe Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 93: Europe Market Attractiveness by Technology, 2023 to 2033

Figure 94: Europe Market Attractiveness by Application, 2023 to 2033

Figure 95: Europe Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 96: Europe Market Attractiveness by Country, 2023 to 2033

Figure 97: Asia Pacific Market Value (US$ Million) by Technology, 2023 to 2033

Figure 98: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033

Figure 99: Asia Pacific Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 106: Asia Pacific Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 110: Asia Pacific Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 114: Asia Pacific Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 117: Asia Pacific Market Attractiveness by Technology, 2023 to 2033

Figure 118: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 119: Asia Pacific Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: MEA Market Value (US$ Million) by Technology, 2023 to 2033

Figure 122: MEA Market Value (US$ Million) by Application, 2023 to 2033

Figure 123: MEA Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 129: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 130: MEA Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 131: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 133: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 134: MEA Market Volume (Units) Analysis by Application, 2018 to 2033

Figure 135: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 137: MEA Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 138: MEA Market Volume (Units) Analysis by Vehicle Type, 2018 to 2033

Figure 139: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 140: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 141: MEA Market Attractiveness by Technology, 2023 to 2033

Figure 142: MEA Market Attractiveness by Application, 2023 to 2033

Figure 143: MEA Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 144: MEA Market Attractiveness by Country, 2023 to 2033

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