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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the Bureau of Transportation Statistics, the number of trucks registered in the United States in 2022 was 172,932,334.
  • As per industry reports, China's automobile output is expected to reach 35 million units by 2025, signifying substantial growth expected in the industry.
  • According to BITRE, the total number of registered vehicles in Australia in 2023 was 21,168,462, indicating a substantial growth.

Global Automotive Air Brake System Market Size

The global automotive air brake system market reached a value of approximately USD 4.85 billion in 2023. The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.

Global Automotive Air Brake System Market

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Automotive Air Brake System Market Growth

An automotive air brake system is a type of braking system used in vehicles that utilise compressed air as a medium to transmit force from the brake pedal to the brake drums or discs. It is commonly used in commercial vehicles such as trucks, buses, and trailers, where the braking requirements are higher compared to passenger vehicles.

The automotive air brake system demand growth is driven by increasing demand for heavy-duty trucks, rising urbanisation, strict laws on safety measures for heavy-duty vehicles and congestion in cities, which increases the demand for vehicles equipped with advanced braking technologies to improve safety and manoeuvring. The adoption of air brake systems meets the growing requirement for dependable transportation solutions in urban and suburban settings. The present hydraulic brake systems are unable to generate sufficient energy to stop fully charged medium-duty vehicles and may cause safety-related problems, thus, fuelling the increasing demand for automotive air brake systems.

According to NITI Aayog RMI, the number of trucks in India is projected to increase significantly, rising from 4 million in 2022 to approximately 17 million by 2050.

Key Trends and Recent Developments

Automotive Air Brake System Market Trends

The expansion of automotive industry in emerging economies, coupled with increasing vehicle production and sales globally, is driving the demand for reliable and efficient air brake systems, thus increasing the automotive air brake system market revenue. Moreover, there is a growing demand for brake systems that offer longer service intervals, reduced maintenance requirements, and improved durability to lower operational costs for fleet operators and vehicle owners.

There is a gradual shift from traditional drum brakes to more efficient air disc brakes (ADB). ADBs offer better performance in terms of braking distance, heat dissipation, and maintenance, thereby gaining popularity in commercial vehicles and high-performance passenger vehicles.

Global Automotive Air Brake System Market

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Automotive Air Brake System Industry Segmentation

“Global Automotive Air Brake System Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Brake Type

  • Air Drum Brake
  • Air Disc Brake

Market Breakup by Vehicle Type

  • Rigid Body Truck
  • Heavy-duty Track
  • Semi-Trailer
  • Bus

Market Breakup by component

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

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Automotive Air Brake System Market Share

Air drum brakes enhance the market by offering a cost-effective solution for braking needs in large vehicles.

As per automotive air brake system industry analysis, air drum brakes can be easily integrated into existing vehicle architectures and are compatible with different types of vehicles, including buses, trucks, and trailers. This versatility makes them a preferred choice across various segments of the automotive industry.

Air disk brakes are particularly popular in commercial vehicles due to their ability to handle heavy loads and frequent braking. They provide consistent braking performance, reducing wear and tear on brake components and improving overall vehicle efficiency.

The demand for reliable, efficient, and compliant braking solutions in rigid-body trucks is a significant factor driving the demand of automotive air brake system market.

Ongoing advancements in air brake technology, such as the development of electronic controls, integrated braking systems, and improved materials, enhance the performance and reliability of air brake systems in rigid-body trucks.

Many buses operate in urban environments with frequent stops and starts, as well as on highways for long-distance travel. Air brake systems are well-suited for these heavy-duty applications due to their ability to handle varying loads and braking requirements effectively.

Competitive Landscape

The companies are a provider of braking systems, drivelines, axles, air braking systems and other solutions for commercial and rail vehicles.

Knorr-Bremse AG:

Established in 1905 and headquartered in München, Bayern, this company is the worldwide leader in braking systems and a prominent supplier of systems for rail and commercial vehicles.

Meritor, Inc (NYSE: MTOR):

Established in 1909 and headquartered in Troy, Michigan, the company specializes in advanced drivetrain system...

Haldex AB:

Founded in 1187 and based in Landskrona, Sweden. The company innovates and delivers dependable solutions that ...

SORL Auto Parts, Inc.:

Established in 1987 and based in Zhejiang, China. The company offers various products including air brake syst...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other global automotive air brake system market key players are ZF Friedrichshafen AG (ZF Wabco), and Nabtesco Automotive Corporation, among others.

Global Automotive Air Brake System Market

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Automotive Air Brake System Market Regional Analysis

North America and Europe are driving the growth of the automotive air brake system market due to stringent safety regulations, technological innovations, high adoption rates in commercial vehicles, and a mature automotive industry with a focus on vehicle safety and performance. These factors contribute to the demand for advanced air brake systems that offer reliability, efficiency, and compliance with regulatory standards.

Automotive Air Brake System Market Report Snapshots

Automotive Air Brake System Market Size

Automotive Air Brake System Market Growth

Automotive Air Brake System Market Trends

Automotive Air Brake System Market Share

Automotive Air Brake System Companies

Automotive Air Brake System Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The automotive air brake system market was valued at USD 4.85 billion in 2023.

The automotive air brake system market is projected to grow at a CAGR of 3.10% between 2024 and 2032.

The market is being driven by the rising preference for air brake systems in medium-duty vehicles and the introduction of various stringent regulations by governments to bolster safety measures in automobiles.

The market growth in the forecast period can be ascribed to the increasing deployment of automotive air brakes over hydraulic brakes in heavy-duty vehicles.

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The market is categorised according to the type, which includes air drum brake and air disk brake.

The market is categorised according to the vehicle type, including rigid-body trucks, heavy-duty trucks, semi-trailers, and buses.

Based on the component, the market is divided into compressor, governor, storage tank, air dryer, foot valve, brake chamber, and slake adjuster.

The market key players are Knorr-Bremse AG, Meritor Inc., Haldex AB, SORL Auto Parts, Inc., ZF Friedrichshafen AG (ZF Wabco), and Nabtesco Automotive Corporation, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Brake Type
  • Vehicle Type
  • Component
  • Region
Breakup by Brake Type
  • Air Drum Brake
  • Air Disc Brake
Breakup by Vehicle Type
  • Rigid Body Truck
  • Heavy-duty Track
  • Semi-Trailer
  • Bus
Breakup by component
  • Compressor
  • Governor
  • Storage Tank
  • Air Dryer
  • Foot Valve
  • Brake Chamber
  • Slake Adjuster
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Knorr-Bremse AG
  • Meritor Inc.
  • Haldex AB
  • SORL Auto Parts, Inc
  • ZF Friedrichshafen AG (ZF Wabco)
  • Nabtesco Automotive Corporation
  • Others
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+61-448-061-727

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+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124