Market Highlights: An air brake which is also known as a compressed air brake system is a type brake for all types of automobiles. In case of Air Brake Systems, the pressure applied to stop the vehicle is generated by compressed air pressing on a piston. These braking systems are primarily used in large and heavy goods or passenger carrying vehicles. It is particularly used in those vehicles where the multiple trailers are linked to the brake system, such as trucks, buses, trailers, and semi-trailers. These air brake systems are also used in Railroads as well as Rail brakes. The market study is being classified by Type (Air Disc Brake and Air Drum Brake) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Air Brake System are Knorr-Bremse (Germany), WABCO Vehicle Control Systems (Belgium), Meritor, Inc. (United States), Haldex (Sweden), ZF Friedrichshafen (Germany), T Tenneco Inc. (United States), Wabtec Corporation (United States), Nabtesco (Japan), TSE Brakes, Inc. (United States) and Emerson Electric (United States).
Major Market Development Highlights On October 1st, 2018, Tenneco Inc. which is one of the leading global designers, manufacturers and marketers of Clean Air and Ride Performance products and technology solutions household as well as commercial vehicle original equipment manufacturers has acquired Federal-Mogul LLC which is a leading global supplier to original equipment manufacturers and the aftermarket. In August 2018, the company “Knorr-Bremse” has launched two new types of disc brakes named ‘SYNACT and NEXTT’, for heavy-duty commercial vehicles manufacturing in upcoming years. As compared to Knorr-Bremse’s predecessor, these newly launched disk brakes achieve new dimensions of performance and weight. With a stronger and lighter caliper and smooth-running internal mechanics, the full braking torque of 30 kNm remains available even during prolonged braking maneuvers.
Key Questions Answered in the Report What will the Air Brake System Market size and the growth rate be in Future? What are the key factors driving the Air Brake System Market? What are the key market trends and macro-economic impacting the growth of the Air Brake System Market? What are the challenges to market growth? Who are the key vendors in the Air Brake System Market? What are the market opportunities and threats faced by the vendors in the Air Brake System Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Air Brake System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Air Brake System market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Air Brake System market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Air Brake System Manufacturers, Air Brake System Distributors and Traders, Automobile Manufacturers, Automobile Spare part Manufacturers, Automobile Industry Association, Government Agencies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.