Air Brake System Market by Type, Component, Rolling Stock, Vehicle Type & Region - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer & Bus), Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
Increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains will drive the air brake system market.
The air brake system market is estimated to be USD 4.5 billion in 2018 and is projected to reach USD 5.6 billion by 2025, at a CAGR of 3.31% during the forecast period.
The demand for the air brake systems is driven by the increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes. However, the high cost and increasing stopping distance of air brakes over hydraulics brakes are acting as restraints for the air brake system market.
The air brake system market is dominated by global players and comprises several regional players. The key players in the air brake system market are Knorr-Bremse (Germany), Wabco (Belgium), Meritor (US), Haldex (Sweden), ZF (Germany), Wabtec (US), Nabtesco (Japan), TSE Brakes (US), Federal-Mogul (US) and SORL Auto Parts (China).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Air Brake System Market, By Component
7 Air Brake System Market, By Brake Type
8 Air Brake System Market, By Vehicle Type
9 Air Brake System Market for Construction and Mining Trucks, By Component
10 Air Brake System Market for Rolling Stock, By Component
11 Air Brake System Market, By Region
12 Competitive Landscape
13 Company Profiling
14 AppendixAventics Federal-Mogul Fort Garry Industries Fritec Haldex Knorr-Bremse Knott Kongsberg Mahle Aftermarket MEI Brakes Meritor Nabtesco Sealco Silverbackhd Sorl Auto Parts Tata Autocomp TSE Brakes Wabco Wabtec ZF
For more information about this report visit https://www.researchandmarkets.com/research/hmq9qz/air_brake_system?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005642/en/
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Related Topics:Brake Systems and Components,Rail Transport Vehicles
INDUSTRY KEYWORD: TRANSPORT RAIL OTHER TRANSPORT
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 10:47 AM/DISC: 12/03/2018 10:47 AM