Product Code: SR112025A6076
The global air brake system market size reached USD 8.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.08% during 2025-2033.
An air brake system is a friction brake relying on compressed air pressing to stop a vehicle. It includes various components, such as brake chambers, foot valves, slack adjusters, brake shoes, drums, and air reservoirs, dryers and compressors. As compared to hydraulic brakes, an air brake system is more powerful and reliable, provides better control, reduces stopping distance, prevents extensive wear and tear of parts, and offers heavy braking effects. Consequently, it is used in railroad trains and heavy commercial vehicles, including trucks and buses.
Air Brake System Market Trends:
The global market is primarily driven by the widespread adoption of air brake systems due to their reliability and efficiency. These systems are easy to remove and attach and remain effective even with an air leak. In line with this, their increasing demand on account of rising vehicle safety concerns across the globe is creating a positive outlook for the market. Additionally, the introduction of lightweight air brake systems for trailer and line haul applications that use fewer parts and provide more ground clearance, protection from road debris, and higher efficiency are providing an impetus to the market growth. Furthermore, manufacturers are developing new and advanced components that are effective in the railways and high-speed trains while assuring safety and maintaining control over the vehicle. This, in turn, is strengthening the growth of the market around the world. Other factors, including the implementation of various government initiatives to promote the use of brake systems in heavy vehicles, increasing production and development of high-speed trains, and extensive research and development (R&D) activities, are anticipated to drive the market in the coming years.
Key Market Segmentation:
Breakup by Component:
- Compressor
- Governor
- Tank
- Air Dryer
- Foot Valve
- Brake Chamber
- Slack Adjuster
- Others
Breakup by Type:
- Air Disc Brake
- Air Drum Brake
Breakup by Vehicle Type:
- Rigid Body
- Heavy-Duty Truck
- Semi-Trailer
- Bus
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Brakes India Private Limited, Haldex Inc., Knorr-Bremse AG, Meritor Inc. (Cummins Inc.), SORL Auto Parts Inc., TSE Brakes Inc., UNO Minda Limited, Wabtec Corporation, Yumak Air Brake Systems and ZF Friedrichshafen AG.
Key Questions Answered in This Report
- 1.What was the size of the global air brake system market in 2024?
- 2.What is the expected growth rate of the global air brake system market during 2025-2033?
- 3.What are the key factors driving the global air brake system market?
- 4.What has been the impact of COVID-19 on the global air brake system market?
- 5.What is the breakup of the global air brake system market based on the component?
- 6.What is the breakup of the global air brake system market based on the type?
- 7.What is the breakup of the global air brake system market based on the vehicle type?
- 8.What are the key regions in the global air brake system market?
- 9.Who are the key players/companies in the global air brake system market?
Table of Contents
1 Preface
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 System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Compressor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Governor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Tank
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Air Dryer
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Foot Valve
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Brake Chamber
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Slack Adjuster
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Type
- 7.1 Air Disc Brake
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Air Drum Brake
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Rigid Body
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Heavy-Duty Truck
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Semi-Trailer
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Bus
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
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
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 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 Brakes India Private Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Haldex Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Knorr-Bremse AG
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Meritor Inc. (Cummins Inc.)
- 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 SORL Auto Parts Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 TSE Brakes Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 UNO Minda Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Wabtec Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Yumak Air Brake Systems
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 ZF Friedrichshafen AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 SWOT Analysis