An automatic slack adjuster is an integral part of a drum braking system, and is placed between the brake lining and brake drum. The automatic slack adjuster maintains constant difference between the brake lining and brake drum during an on road running condition of a vehicle. An automatic slack adjuster prevents the brake lining or brake from rubbing by maintaining a constant distance through a spring and cable mechanism. When the brake pedal is pressed, the air goes into the brake chamber, which forces the push rod out and moves the automatic slack adjuster, thereby stopping the vehicle.
In a vehicle, an automatic slack adjuster plays a crucial role, owing the driver frequently using the braking system to stop the vehicle, especially in dense traffic, which also affects the overall life of the tires. Therefore, an efficient automatic slack adjuster not only increases the overall life of a vehicle braking system but also reduces tire wear and tear of the vehicle. Considering overall trailer production, Asia Pacific hold a chunk of ~40% of the market, while North America and Europe collectively account for a share of ~52% in the pie of the global trailer production. Therefore, in these regions, the automatic slack adjusters market is estimated to grow at significant growth rates during the forecast period.
Road transport authorities are mandating numerous road safety regulations for vehicles. Along with this, addressable growth in automotive vehicle production is expected to bolster the growth of the global automatic slack adjusters market over the coming years. Furthermore, advancements in vehicle braking technology and rising awareness pertaining to lightweight vehicle braking components are projected to drive the growth of the automatic slack adjusters market around the globe.
Furthermore, advantages regarding vehicle performance due to automatic slack adjusters not only increase vehicle performance but also improve braking performance. This is expected to boost the sales of automatic slack adjusters over the forecast period.
Increasing vehicle population of electric vehicles is anticipated to hinder the growth of the global automatic slack adjusters market. Upcoming passenger cars are being fitted with disk brakes which in turn hinder the growth of the automatic slack adjuster’s marker in the coming window of ten to fifteen years.
Irrespective of these challenges, technological advancements in automotive vehicle braking systems are creating fresh opportunities for the development of the automatic slack adjusters market.
In the automatic slack adjusters market, manufacturers are focused on manufacturing result-oriented and efficient automatic slack adjusters by the use of lightweight braking systems that have high structural strength and high heat dissipation properties.
By vehicle type, the automatic slack adjusters market can be segmented as:
By technology, the automatic slack adjusters market can be segmented as:
By material, the automatic slack adjusters market can be segmented as:
By install position, the automatic slack adjusters market can be segmented as:
By sales channel, the automatic slack adjusters market can be segmented as:
By distribution channel, the automotive slack adjusters market can be segmented as:
The Asia Pacific region is projected to account for a significant share in the automatic slack adjusters market during the slated time period, owing to the increasing number of of vehicles, which will shape the growth of the automatic slack adjusters market in the global market. However, the growth of the electric vehicle sector in the region is expected to hamper the sales of automatic slack adjusters in the same period.
The market in North America is projected to grow at an addressable growth rate in the automatic slack adjusters market, owing to the high usage of old vehicles by U.S. consumers, which, in turn, is expected to ramp up the aftermarket segment as well as the sales of automatic slack adjusters in the region in the coming years.
Europe is projected to represent significant potential in the global automatic slack adjusters market, owing to regional governments having mandated pertaining to safety of vehicles.
Some of the market participants in the automatic slack adjusters market identified across the value chain:
The research report on the automatic slack adjusters market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The automatic slack adjusters market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, technology, material, install position, sales channel, and distribution channel.
The global automatic sack adjusters market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.