Home » Aerospace & defense » Air Brake Systems Market

Air Brake Systems Market

Air Brake Systems Market By Technology (Traction Control System \[TCS], Electronic Stability Control \[ESC], Electronic Brake-force Distribution \[EBD], Anti-Lock Braking System \[ABS]); By Vehicle Type (Heavy-Duty, Rigid Body, Semi-Trailer, Bus); By Application (Passenger, Commercial) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $4699

Published: | Report ID: 100301 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Air Brake Systems Market Size 2024 USD 5,193 million
Air Brake Systems Market, CAGR 4.67%
Air Brake Systems Market Size 2032 USD 7,481 million

Market Overview

The Global Air Brake Systems Market is projected to grow from USD 5,193 million in 2024 to an estimated USD 7,481 million based on 2032, with a compound annual growth rate (CAGR) of 4.67% from 2025 to 2032.

Key drivers include regulatory mandates promoting vehicular safety and the growing preference for air brakes in heavy commercial vehicles over hydraulic brakes due to superior performance in load-bearing and high-temperature environments. Trends such as electrification of vehicle components and integration of advanced driver-assistance systems (ADAS) are pushing manufacturers to innovate air brake systems compatible with intelligent vehicle platforms. Moreover, rising investments in transportation infrastructure and the push toward reducing road accidents have intensified focus on improved braking technologies.

North America leads the market due to strong commercial vehicle fleets and safety legislation, while Asia-Pacific is witnessing the fastest growth with increased production of heavy vehicles in China and India. Europe maintains steady demand supported by technological advancements and established OEM presence. Major players in the market include Wabtec Corporation, Knorr-Bremse AG, ZF Friedrichshafen AG, Haldex AB, and Meritor Inc., actively driving innovation and global expansion.

Design Element 2

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

CTA Design Element 3

Market Insights

  • The Global Air Brake Systems Market is projected to grow steadily, driven by expanding commercial vehicle production and rising safety regulations worldwide.
  • Increasing adoption of advanced braking technologies such as ABS, EBD, and ESC supports market growth and enhances vehicle safety.
  • High maintenance costs and system complexity limit faster adoption, particularly among cost-sensitive fleet operators in emerging markets.
  • North America and Europe lead the market with strong regulatory frameworks and established commercial vehicle fleets, accounting for over 50% of the global share.
  • Asia-Pacific dominates market volume due to rapid industrialization, urbanization, and significant investments in transport infrastructure.
  • Supply chain disruptions and raw material price volatility challenge manufacturers’ ability to maintain consistent production and competitive pricing.
  • Growth opportunities lie in electrification of commercial vehicles and aftermarket retrofit programs in developing economies seeking fleet modernization.

Market Drivers

Rising Safety Regulations and Standards for Commercial Vehicles

Governments and regulatory bodies across the globe are enforcing strict safety regulations for commercial vehicles, which drives demand for efficient braking systems. Standards such as FMVSS in the U.S. and ECE R13 in Europe mandate the use of air brake systems in heavy-duty vehicles. The Global Air Brake Systems Market benefits directly from these regulatory frameworks that aim to reduce road accidents and improve transportation safety. Fleet operators are increasingly prioritizing compliance, leading to mandatory adoption of air brake technologies. These systems provide higher reliability under heavy loads and are preferred over hydraulic alternatives for large vehicles. Regulatory alignment across emerging economies further accelerates market expansion.

  • For instance, according to the U.S. Department of Transportation, over 4.2 million commercial vehicles equipped with air brake systems underwent federal safety inspections in 2023, and more than 1,100 new compliance guidelines were issued globally for commercial vehicle braking standards.

Growth in Commercial Vehicle Production and Freight Transport

The steady growth in commercial vehicle production, especially in developing regions, supports the increased deployment of air brake systems. Rapid urbanization and industrial development continue to raise demand for freight transport and public transit, directly boosting sales of heavy trucks and buses. The Global Air Brake Systems Market gains momentum as automakers integrate advanced braking systems to meet evolving operational demands. Air brake systems provide consistent performance under high-pressure scenarios, making them ideal for logistics, mining, and construction fleets. Large-scale infrastructure projects across Asia-Pacific and the Middle East fuel procurement of heavy-duty vehicles, enhancing market prospects. Commercial fleet expansion aligns with higher demand for durable and fail-safe braking components.

  • For instance, the International Organization of Motor Vehicle Manufacturers (OICA) reported that in 2024, global production of heavy commercial vehicles exceeded 5.8 million units, with more than 3,700 new air brake system models introduced by leading manufacturers such as Knorr-Bremse and WABCO.

Integration of Electronic and Advanced Braking Technologies

Technological advancements have transformed conventional air brake systems into intelligent braking solutions equipped with electronic braking systems (EBS) and anti-lock braking systems (ABS). The integration of such technologies improves vehicle control, reduces stopping distances, and enhances overall road safety. The Global Air Brake Systems Market reflects these advancements through the rising share of electronically controlled systems. OEMs are developing smart brake architectures compatible with ADAS platforms and telematics. These innovations offer real-time diagnostics and predictive maintenance capabilities. The shift toward automation in commercial transport boosts adoption of intelligent braking solutions.

Increasing Demand from Aftermarket and Fleet Modernization Programs

Aging vehicle fleets and rising awareness about safety upgrades are prompting significant investments in air brake system retrofits and replacements. The aftermarket segment plays a vital role in supporting the Global Air Brake Systems Market, particularly in regions with large volumes of used commercial vehicles. Fleet owners seek cost-effective ways to modernize braking performance without investing in new vehicles. Government-supported fleet modernization schemes in countries like India, Brazil, and Mexico help boost retrofit installations. It benefits from growing recognition of long-term operational efficiency and reduced maintenance costs. These factors create steady aftermarket revenue streams and strengthen long-term market growth.

Market Trends

Shift Toward Electrification and Integration with ADAS Platforms

The transition toward electric commercial vehicles is influencing the design and performance requirements of air brake systems. Manufacturers are developing brake solutions compatible with electric drivetrains and regenerative braking systems. The Global Air Brake Systems Market reflects this shift through innovation in lightweight components and electronic integration. Air brake systems are increasingly connected to ADAS features such as automatic emergency braking and lane-keeping assistance. This trend supports vehicle safety automation and meets the demands of modern logistics fleets. OEMs focus on scalable brake platforms that function across both diesel and electric vehicle architectures.

  • For instance, Tevva, a UK-based electric vehicle manufacturer, collaborated with ZF to implement a regenerative braking system in its 7.5-ton battery-electric truck, combining electronic air brakes and regenerative braking to optimize energy recovery and provide the required stopping power; this dual-system approach reduces component wear and extends system life

Expansion of Smart and Predictive Maintenance Capabilities

Digitalization across the automotive industry is reshaping maintenance strategies, prompting the rise of predictive brake system monitoring. Air brake systems are now equipped with sensors and connectivity features to detect wear, temperature, and pressure anomalies. The Global Air Brake Systems Market benefits from fleet operators adopting these technologies to reduce downtime and prevent costly failures. Real-time diagnostics support preventive maintenance, improve vehicle availability, and lower operational risks. It enhances service life and safety compliance for both new and existing fleets. Cloud-based monitoring platforms are becoming standard in fleet operations.

  • For instance, projections indicate that by 2025, 75 out of every 100 new commercial vehicles will be equipped with connected technologies such as predictive maintenance tools, enabling real-time data collection and analysis to anticipate air brake system issues before they lead to failures

Increased OEM Collaboration and Platform Standardization

OEMs and brake system manufacturers are entering into long-term strategic collaborations to co-develop standardized brake platforms. These partnerships aim to reduce development time, optimize cost structures, and align with global safety protocols. The Global Air Brake Systems Market is seeing a shift toward modular designs that simplify integration across various vehicle models. Standardized components help scale production and support mass adoption in emerging economies. It also improves aftermarket serviceability, allowing easier part replacement and inventory management. Collaborative R\&D efforts focus on performance, efficiency, and regulatory readiness.

Emphasis on Sustainability and Lightweight Brake Components

Sustainability initiatives are driving demand for lightweight, recyclable materials in air brake systems. Manufacturers are redesigning traditional components using composites and aluminum alloys to reduce vehicle weight and improve fuel efficiency. The Global Air Brake Systems Market incorporates these changes to meet carbon emission goals and sustainability targets. Lighter systems also contribute to better handling and load distribution in commercial vehicles. It aligns with global trends in green logistics and cleaner transportation. Environmental compliance is now a key driver in product development and procurement decisions.

Market Challenges

High Maintenance Costs and System Complexity Limit Broader Adoption

Air brake systems require regular inspections, part replacements, and skilled technicians to ensure optimal performance. These maintenance needs can impose a financial burden, especially on small fleet operators with limited budgets. The Global Air Brake Systems Market faces resistance in regions where cost-sensitive operators prefer simpler hydraulic systems for light commercial vehicles. System complexity, including multiple components such as compressors, valves, and dryers, increases the risk of operational issues when not properly maintained. It creates operational inefficiencies when service networks are underdeveloped. Limited technical expertise in rural or emerging regions further hinders market penetration.

  • For instance, the cost of advanced air brake systems can be 25 to 30 units higher per system compared to traditional pneumatic options, making adoption particularly difficult for small and mid-sized fleet operators who must also budget for specialized installation and ongoing maintenance requirements.

Supply Chain Disruptions and Price Volatility of Key Components

The market depends heavily on precision-engineered parts made from metals such as aluminum and steel. Volatility in raw material prices affects production costs, narrowing profit margins for manufacturers. The Global Air Brake Systems Market also remains vulnerable to global supply chain disruptions caused by geopolitical tensions, transport delays, and material shortages. It can lead to longer lead times and inconsistent availability, slowing project timelines for OEMs and aftermarket suppliers. Dependence on specialized component suppliers limits flexibility during demand surges or supply constraints. These challenges compel manufacturers to diversify sourcing and invest in localized production capabilities.

Market Opportunities

Expansion of Logistics and Infrastructure Projects in Emerging Economies

Rapid industrialization and urban growth in countries such as India, Brazil, and Indonesia are increasing the demand for commercial vehicles. Government investments in road, rail, and freight corridors create strong opportunities for air brake system installations in new fleets. The Global Air Brake Systems Market stands to gain from large-scale infrastructure projects requiring heavy-duty trucks and buses. It benefits from rising vehicle procurement across construction, mining, and logistics sectors. These applications require reliable braking solutions that perform under heavy load and high-temperature conditions. Manufacturers can strengthen their presence by partnering with regional OEMs and fleet operators.

Growth in Electrified Commercial Vehicles and Smart Fleets

The accelerating shift toward electric and hybrid commercial vehicles creates a new opportunity for air brake system innovations. Advanced braking solutions that integrate with regenerative systems and smart controls are gaining traction. The Global Air Brake Systems Market can expand by delivering lightweight, energy-efficient braking components tailored for electric drivetrains. It aligns with rising fleet electrification and smart mobility goals across North America, Europe, and parts of Asia. Demand for connected vehicles also supports adoption of sensor-integrated air brake modules. Suppliers investing in digital and electric-compatible systems will tap into a fast-evolving and high-value segment.

Market Segmentation Analysis

By Technology Outlook

The Global Air Brake Systems Market includes technologies such as Traction Control System (C.S.), Electronic Stability Control (S.C.), Electronic Brake-force Distribution (EBD), and Anti-Lock Braking System (B.S.). Among these, the Anti-Lock Braking System holds a prominent share due to its ability to prevent wheel lock-up and maintain vehicle control during emergency braking. Electronic Stability Control is gaining ground due to increasing safety regulations and its effectiveness in reducing rollover and skidding incidents. EBD supports dynamic brake-force distribution between axles, improving stability under varying load conditions. It allows manufacturers to offer enhanced safety while complying with global standards. Demand for integrated technology platforms that combine these features is increasing across commercial fleets.

  • For instance, according to the National Highway Traffic Safety Administration, nearly 12 million vehicles equipped with anti-lock braking systems and electronic stability control were produced in the United States in 2022, reflecting widespread adoption of these safety technologies

By Vehicle Type Outlook

This segment includes Heavy-Duty, Rigid Body, Semi-Trailer, and Bus categories. Heavy-duty vehicles dominate the Global Air Brake Systems Market due to their extensive use in logistics, construction, and long-haul transport. It supports consistent braking under high load and rough terrain conditions. Buses represent a growing segment due to increasing public transportation initiatives and strict safety norms. Rigid body vehicles and semi-trailers also contribute significantly, particularly in regional and freight distribution applications.

  • For instance, industry data shows that more than 6 million heavy-duty trucks and 1.2 million buses worldwide were equipped with air brake systems in 2023, underscoring the critical role of these technologies in commercial and public transport fleet

By Application Outlook

Based on application, the market is divided into Passenger and Commercial segments. The commercial segment leads due to widespread adoption of air brakes in heavy-duty trucks, buses, and industrial vehicles. It benefits from high load-carrying capacity and frequent braking needs. Passenger vehicle integration remains limited but is expected to rise in high-capacity and electric passenger transport solutions over the forecast period.

Segments

Based on Technology

  • S. (Traction Control system)
  • C. (Electronic Stability Control)
  • EBD (Electronic Brake-force Distribution)
  • S. (Anti-Lock braking system)

Based on Vehicle Type

  • Heavy-Duty
  • Rigid Body
  • Semi-Trailer
  • Bus

Based on Application

  • Passenger
  • Commercial

Based on Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America Air Brake Systems Market

North America accounted for approximately 28% of the global market share in 2024. Strong regulatory frameworks and a mature commercial vehicle sector support market expansion. The Air Brake Systems Market in this region benefits from the widespread adoption of advanced safety technologies such as ABS and ESC. The United States leads in commercial fleet size and aftermarket demand, while Canada supports growth through consistent vehicle safety mandates. Infrastructure investment and high freight movement further stimulate product demand. It maintains a stable growth outlook supported by OEM innovation and public transportation upgrades.

Europe Air Brake Systems Market

Europe held around 24% of the global market share in 2024, driven by stringent safety norms under UNECE regulations and strong OEM presence. Countries like Germany, France, and the UK are leading adopters of intelligent braking systems. The Air Brake Systems Market in Europe thrives on the region’s focus on sustainable transport and electrification of commercial fleets. EU initiatives toward emission reduction and safer mobility boost advanced air brake adoption. It also benefits from rising demand in cross-border freight and industrial logistics. Standardization and aftermarket support ensure consistent growth.

Asia-Pacific Air Brake Systems Market

Asia-Pacific captured approximately 35% of the market share in 2024, making it the largest regional segment. China, India, and Japan contribute significantly to commercial vehicle production and heavy-duty equipment usage. The Air Brake Systems Market in this region gains from government spending on transport infrastructure and expanding urban logistics. OEM expansion and fleet modernization programs in India and Southeast Asia support long-term demand. It also benefits from increasing export volume of commercial vehicles to global markets. Competitive pricing and localized manufacturing strengthen regional penetration.

Latin America Air Brake Systems Market

Latin America represented about 6% of the global market share in 2024. Brazil and Mexico lead due to domestic manufacturing hubs and commercial transportation networks. The Air Brake Systems Market in this region benefits from recovery in industrial activity and demand for efficient logistics solutions. Government incentives for safer fleet upgrades are influencing adoption. It faces challenges from inconsistent enforcement of safety standards, but long-term outlook remains stable. Expanding mining and agricultural transport sectors provide niche opportunities.

Middle East Air Brake Systems Market

The Middle East accounted for nearly 4% of the market share in 2024. Demand centers on construction, oilfield logistics, and public transportation in countries like UAE and Saudi Arabia. The Air Brake Systems Market benefits from increasing investments in urban mobility and long-haul infrastructure. It supports braking needs for specialized and heavy-duty vehicles under extreme environmental conditions. Government-led initiatives for safety and emissions compliance push demand for quality braking systems. Regional players collaborate with international OEMs to improve product availability.

Africa Air Brake Systems Market

Africa held around 3% of the global market share in 2024, with growth driven by gradual industrialization and public fleet upgrades. South Africa remains the dominant contributor due to its developed transport and logistics framework. The Air Brake Systems Market in Africa is expanding slowly, supported by donor-funded road safety programs and regional trade growth. It faces constraints such as limited service infrastructure and inconsistent access to quality parts. Local assembly and partnerships with global suppliers could accelerate adoption. Market development depends on policy alignment and investment in vehicle safety enforcement.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Key players

  • Wabco
  • Meritor
  • SORL Auto Parts Inc.
  • Aisin Seiki Co. Ltd
  • Akebono Brake Industry Co. Ltd
  • Haldex
  • Continental
  • Nissin Kogyo Co. Ltd
  • Brembo
  • Mando Corporation
  • Knorr-Bremse

Competitive Analysis

The Global Air Brake Systems Market remains competitive with strong participation from established OEMs and specialized system providers. Leading players such as Knorr-Bremse, Wabco, and Haldex focus on advanced technologies including electronic stability control and integrated braking solutions. These companies leverage global manufacturing capabilities and aftermarket networks to strengthen market share. It benefits from constant product innovation driven by regulatory compliance and demand for intelligent transport systems. Regional players like SORL Auto Parts Inc. and Mando Corporation target cost-sensitive markets with localized offerings. Strategic mergers, OEM partnerships, and R\&D investments continue to shape the competitive landscape. The market shows moderate consolidation, with key participants differentiating through safety performance, durability, and digital integration.

Recent Development

  • In February 2024, Nissin Kogyo Co. Ltd announced projections for significant growth in the global automotive anti-lock braking system market.
  • In July 2024, Haldex expanded the application of its ModulT braking system to include trucks, marking a significant advancement in braking technology.

Market Concentration and Characteristics 

The Global Air Brake Systems Market demonstrates moderate market concentration, with a few dominant players controlling significant shares across regions. It features a mix of global OEMs and regional suppliers competing on performance, reliability, and compliance with evolving safety standards. The market favors long-term supplier relationships, especially in the commercial vehicle segment, where product durability and service support are critical. Technology integration with electronic braking and stability systems defines product differentiation. The market operates under strong regulatory oversight, which shapes product design and certification. Competitive pricing, localized manufacturing, and strong distribution networks influence success in both OEM and aftermarket channels.

Report Coverage

The research report offers an in-depth analysis based on Technology, Vehicle Type, Application and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. Air brake systems will adapt to electrified drivetrains and regenerative braking, delivering seamless compatibility with electric buses and trucks.
  1. Cloud-based platforms will enable remote monitoring of brake health, enabling proactive maintenance and minimizing vehicle downtime.
  1. Manufacturers will adopt aluminum alloys and composites to reduce vehicle weight, meeting emission targets without compromising braking performance.
  1. Systems that combine ABS, ESC, EBD, and hill-hold control will become standard in new commercial vehicles, boosting overall road safety.
  1. Government-led fleet renewal schemes in developing countries will drive retrofits and upgrades to modern air brake technologies.
  1. Brake-by-wire innovations will emerge in autonomous and electric vehicles, with air brake technologies integrating seamlessly into electronic control systems.
  1. Strong aftermarket networks will grow to support increased sensor-equipped systems, offering rapid parts replacement and technical support.
  1. Major manufacturers will establish regional production hubs to decrease lead times, reduce costs, and secure component supply chains.
  1. Tier-1 suppliers will partner with global OEMs to co-develop modular platforms, accelerating time-to-market for next-gen systems.
  2. Manufacturers will invest in product certification to meet emerging safety and emission regulations globally, ensuring market access and customer confidence.

1. Introduction  

1.1. Report Description

1.2. Purpose of the Report

1.3. USP & Key Offerings

1.4. Key Benefits for Stakeholders

1.5. Target Audience

1.6. Report Scope

1.7. Regional Scope

 

2. Scope and Methodology  

2.1. Objectives of the Study

2.2. Stakeholders

2.3. Data Sources

2.3.1. Primary Sources

2.3.2. Secondary Sources

2.4. Market Estimation

2.4.1. Bottom-Up Approach

2.4.2. Top-Down Approach

2.5. Forecasting Methodology

 

3. Executive Summary  

 

4. Introduction  

4.1. Overview

4.2. Key Industry Trends

 

5. Global Air Brake Systems Market  

5.1. Market Overview

5.2. Market Performance

5.3. Impact of COVID-19

5.4. Market Forecast

 

6. Market Breakup By Technology Outlook  

6.1. C.S. (Traction Control System)

6.1.1. Market Trends

6.1.2. Market Forecast

6.1.3. Revenue Share

6.1.4. Revenue Growth Opportunity

6.2. S.C. (Electronic Stability Control)

6.2.1. Market Trends

6.2.2. Market Forecast

6.2.3. Revenue Share

6.2.4. Revenue Growth Opportunity

6.3. EBD (Electronic Brake-force Distribution)

6.3.1. Market Trends

6.3.2. Market Forecast

6.3.3. Revenue Share

6.3.4. Revenue Growth Opportunity

6.4. B.S. (Anti-Lock Braking System)

6.4.1. Market Trends

6.4.2. Market Forecast

6.4.3. Revenue Share

6.4.4. Revenue Growth Opportunity

 

7. Market Breakup By Vehicle Type Outlook  

7.1. Heavy-Duty

7.1.1. Market Trends

7.1.2. Market Forecast

7.1.3. Revenue Share

7.1.4. Revenue Growth Opportunity

7.2. Rigid Body

7.2.1. Market Trends

7.2.2. Market Forecast

7.2.3. Revenue Share

7.2.4. Revenue Growth Opportunity

7.3. Semi-Trailer

7.3.1. Market Trends

7.3.2. Market Forecast

7.3.3. Revenue Share

7.3.4. Revenue Growth Opportunity

7.4. Bus

7.4.1. Market Trends

7.4.2. Market Forecast

7.4.3. Revenue Share

7.4.4. Revenue Growth Opportunity

 

8. Market Breakup By Application Outlook  

8.1. Passenger

8.1.1. Market Trends

8.1.2. Market Forecast

8.1.3. Revenue Share

8.1.4. Revenue Growth Opportunity

8.2. Commercial

8.2.1. Market Trends

8.2.2. Market Forecast

8.2.3. Revenue Share

8.2.4. Revenue Growth Opportunity

 

9. Market Breakup By Region  

9.1. North America

9.1.1. United States

9.1.1.1. Market Trends

9.1.1.2. Market Forecast

9.1.2. Canada

9.1.2.1. Market Trends

9.1.2.2. Market Forecast

9.2. Asia-Pacific

9.2.1. China

9.2.2. Japan

9.2.3. India

9.2.4. South Korea

9.2.5. Australia

9.2.6. Indonesia

9.2.7. Others

9.3. Europe

9.3.1. Germany

9.3.2. France

9.3.3. United Kingdom

9.3.4. Italy

9.3.5. Spain

9.3.6. Russia

9.3.7. Others

9.4. Latin America

9.4.1. Brazil

9.4.2. Mexico

9.4.3. Others

9.5. Middle East and Africa

9.5.1. Market Trends

9.5.2. Market Breakup by Country

9.5.3. Market Forecast

 

10. SWOT Analysis  

10.1. Overview

10.2. Strengths

10.3. Weaknesses

10.4. Opportunities

10.5. Threats

 

11. Value Chain Analysis  

 

12. Porters Five Forces Analysis  

12.1. Overview

12.2. Bargaining Power of Buyers

12.3. Bargaining Power of Suppliers

12.4. Degree of Competition

12.5. Threat of New Entrants

12.6. Threat of Substitutes

 

13. Price Analysis  

 

14. Competitive Landscape  

14.1. Market Structure

14.2. Key Players

14.3. Profiles of Key Players

14.3.1. Wabco

14.3.1.1. Company Overview

14.3.1.2. Product Portfolio

14.3.1.3. Financials

14.3.1.4. SWOT Analysis

14.3.2. Meritor

14.3.2.1. Company Overview

14.3.2.2. Product Portfolio

14.3.2.3. Financials

14.3.2.4. SWOT Analysis

14.3.3. SORL Auto Parts Inc.

14.3.3.1. Company Overview

14.3.3.2. Product Portfolio

14.3.3.3. Financials

14.3.3.4. SWOT Analysis

14.3.4. Aisin Seiki Co. Ltd

14.3.4.1. Company Overview

14.3.4.2. Product Portfolio

14.3.4.3. Financials

14.3.4.4. SWOT Analysis

14.3.5. Akebono Brake Industry Co. Ltd

14.3.5.1. Company Overview

14.3.5.2. Product Portfolio

14.3.5.3. Financials

14.3.5.4. SWOT Analysis

14.3.6. Haldex

14.3.6.1. Company Overview

14.3.6.2. Product Portfolio

14.3.6.3. Financials

14.3.6.4. SWOT Analysis

14.3.7. Continental

14.3.7.1. Company Overview

14.3.7.2. Product Portfolio

14.3.7.3. Financials

14.3.7.4. SWOT Analysis

14.3.8. Nissin Kogyo Co. Ltd

14.3.8.1. Company Overview

14.3.8.2. Product Portfolio

14.3.8.3. Financials

14.3.8.4. SWOT Analysis

14.3.9. Brembo

14.3.9.1. Company Overview

14.3.9.2. Product Portfolio

14.3.9.3. Financials

14.3.9.4. SWOT Analysis

14.3.10. Mando Corporation

14.3.10.1. Company Overview

14.3.10.2. Product Portfolio

14.3.10.3. Financials

14.3.10.4. SWOT Analysis

14.3.11. Knorr-Bremse

14.3.11.1. Company Overview

14.3.11.2. Product Portfolio

14.3.11.3. Financials

14.3.11.4. SWOT Analysis

 

15. Research Methodology  

 

Frequently Asked Questions

What was the market size of the Global Air Brake Systems Market in 2023 and what is the projected size by 2032?

The market was valued at approximately USD 5,193 million in 2024 and is projected to reach USD 7,481 million by 2032. It is expected to grow at a CAGR of 4.67% from 2025 to 2032.

What are the key factors driving growth in the Global Air Brake Systems Market?

Growth is driven by stringent safety regulations, rising demand for heavy-duty commercial vehicles, and advancements in braking technologies such as EBS and ABS.

Which regions dominate the Global Air Brake Systems Market?

North America leads due to mature fleets and strict safety laws, while Asia-Pacific shows rapid growth fueled by industrialization and increased heavy vehicle production.

Who are the major players influencing the Global Air Brake Systems Market?

Key companies include Wabtec Corporation, Knorr-Bremse AG, ZF Friedrichshafen AG, Haldex AB, and Meritor Inc., focusing on innovation and global market expansion.

About Author

Ganesh Chandwade

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

View Profile

Gunakesh Parmar

Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

View Profile

Airport Snow Removal Equipment Market

Published:
Report ID: 100625

Airport Information System Market

Published:
Report ID: 1219

Air Separation Plant Market

Published:
Report ID: 1279

Aircraft Doors Market

Published:
Report ID: 1374

Airborne Wind Energy (AWE) Systems Market

Published:
Report ID: 1167

Air Fryer Market

Published:
Report ID: 1392

eVTOL Aircraft Market

Published:
Report ID: 5812

Airport Passenger Bus Market

Published:
Report ID: 105710

Aircraft Sequencing Systems Market

Published:
Report ID: 1174

Critical Communication Market

Published:
Report ID: 3903

Airport Snow Removal Equipment Market

Published:
Report ID: 100625

Airport Information System Market

Published:
Report ID: 1219

Aircraft Doors Market

Published:
Report ID: 1374

Airport Passenger Bus Market

Published:
Report ID: 105710

Aerospace Composites Market

Published:
Report ID: 2685

Aircraft Sequencing Systems Market

Published:
Report ID: 1174

Electric Aircraft Market

Published:
Report ID: 4972

Air Traffic Management Market

Published:
Report ID: 104052

Aerospace Fiber Optics Market

Published:
Report ID: 104035

Aerospace Titanium Market

Published:
Report ID: 79507

Space-Based Air Traffic Control Market

Published:
Report ID: 103260

Purchase Options

The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
$4699

To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
$5699

The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
$12699

Credence Staff 3

WILLIAM, North America

Support Staff at Credence Research

KEITH PHILLIPS, Europe

Lee - CR Sales Staff

LEE VALLANCE, Asia Pacific

Smallform of Sample request

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN

Request Sample