Air Brake System Market

An air brake system is a type of braking system that stops the vehicle using compressed air. Air brake systems are commonly found on heavy-duty vehicles such as trucks and buses.The air brake system compresses the air, which is stored in a tank. When the brakes are applied, the compressed air is released and travels to the brakes via a series of pipes and hoses. Finally, the brakes are turned on by the compressed air pressure, which stops the car.

The air brake system market is expected to be USD XX billion in 2018 and USD XX billion by 2031, at a CAGR of XX%. The main things driving the growth of the air brake system market are the rising number of commercial vehicles, the preference for air brakes over hydraulic brakes, and strict emission standards.

Air brakes are becoming more popular over hydraulic brakes because they provide better braking performance and are more reliable. Furthermore, unlike hydraulic brakes, air brakes are not prone to leaks. This makes them an excellent choice for heavy-duty commercial vehicles such as trucks and buses that must travel long distances. Air brakes are also less expensive to maintain than hydraulic brakes, which adds to their appeal.

The implementation of stringent government road safety regulations is a key factor driving the air brake system market growth. Furthermore, the rising production of commercial and off-highway vehicles is expected to boost demand for air brakes during the forecast period. However, the high cost of air brakes compared to hydraulic and electric ones is limiting their use in passenger cars.

Wabco (Belgium), ZF Friedrichshafen AG (Germany), Knorr-Bremse AG (Germany), Continental AG (Germany), Haldex AB (Sweden), and Meritor, Inc. are some of the key players in the air brake system market (US).