The Asia Pacific Air Brake System Market would witness market growth of 2.8% CAGR during the forecast period (2023-2030).
Manufacturers provide innovative and cutting-edge parts, like braking systems, that are useful in high-speed trains and on railroads for ensuring safety and retaining control of the vehicle. Governments have taken steps to improve and expand the railways, which has led to a growth in their number. As a result, the market has expanded during the anticipated period due to an expansion in the number of high-speed trains.
The market's expansion might be ascribed to stricter safety regulations and a focus on efficiency. Manufacturers in the market are concentrating on the improvement of their brakes as a result of evolving technologies and components. The OEMs were forced to incorporate these technologies in the air brake systems due to the increase in demand for car safety technology as anti-lock braking systems, electronic stability programs, regenerative braking, and traction control systems.
Air braking systems are often used in commercial vehicles and heavy trucks. They require more effort to brake, which the driver can execute with just one leg. The driver provides compressed air pressure to the flexible diaphragm in the brake chamber to activate the air brake rather than just using foot pressure. Because compressed air has such a high potential energy, air brakes employ it. Pressurized air maintains the engagement brakes' open position. Less air pressure is released as the driver presses the brakes, which re-engages the calipers. As a result, the driver doesn't have to exert much effort to apply the brakes.
China's vehicle ownership increased by 68.12% in ten years, from 207 million in 2010 to 348 million in 2019. Likewise, commercial vehicle exports from India grew from 50,334 to 92,297 units between April 2021 and March 2022. Vehicle manufacturers are now very concerned about providing adequate safety measures that will ensure safe driving and conform to legal requirements. As a result, the APAC region's market is anticipated to grow.
The China market dominated the Asia Pacific Air Brake System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $360.9 million by 2030. The Japan market is registering a CAGR of 2.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.5% during (2023 - 2030).
Based on Vehicle Type, the market is segmented into Heavy Duty Trucks, Rigid Body Trucks, Semi Trailer Tractor, and Bus. Based on Brake Type, the market is segmented into Drum Air Brake, and Disc Air Brake. Based on Application, the market is segmented into Brake Chamber, Compressor, Governor, Air Dryer, Foot Valve, Storage Tank, and Slack Adjuster. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Air Brake System Market is Projected to reach USD 3.7 Billion by 2030, at a CAGR of 2.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Knorr-Bremse AG, Haldex AB, Meritor, Inc. (Cummins, Inc.), ZF Friedrichshafen AG, Wabtec Corporation, Nabtesco Corporation, TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.), SORL Auto Parts Inc. (Ruili Group Ruian Auto Parts Co., Ltd.) and Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited).
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Heavy Duty Trucks
- Rigid Body Trucks
- Semi Trailer Tractor
- Bus
By Brake Type
- Drum Air Brake
- Disc Air Brake
By Application
- Brake Chamber
- Compressor
- Governor
- Air Dryer
- Foot Valve
- Storage Tank
- Slack Adjuster
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Knorr-Bremse AG
- Haldex AB
- Meritor, Inc. (Cummins, Inc.)
- ZF Friedrichshafen AG
- Wabtec Corporation
- Nabtesco Corporation
- TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.)
- SORL Auto Parts Inc. (Ruili Group Ruian Auto Parts Co., Ltd.)
- Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Air Brake System Market, by Vehicle Type
1.4.2 Asia Pacific Air Brake System Market, by Brake Type
1.4.3 Asia Pacific Air Brake System Market, by Application
1.4.4 Asia Pacific Air Brake System Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Air Brake System Market
4.3 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Air Brake System Market by Vehicle Type
5.1 Asia Pacific Heavy Duty Trucks Market by Country
5.2 Asia Pacific Rigid Body Trucks Market by Country
5.3 Asia Pacific Semi Trailer Tractor Market by Country
5.4 Asia Pacific Bus Market by Country
Chapter 6. Asia Pacific Air Brake System Market by Brake Type
6.1 Asia Pacific Drum Air Brake Market by Country
6.2 Asia Pacific Disc Air Brake Market by Country
Chapter 7. Asia Pacific Air Brake System Market by Application
7.1 Asia Pacific Brake Chamber Market by Country
7.2 Asia Pacific Compressor Market by Country
7.3 Asia Pacific Governor Market by Country
7.4 Asia Pacific Air Dryer Market by Country
7.5 Asia Pacific Foot Valve Market by Country
7.6 Asia Pacific Storage Tank Market by Country
7.7 Asia Pacific Slack Adjuster Market by Country
Chapter 8. Asia Pacific Air Brake System Market by Country
8.1 China Air Brake System Market
8.1.1 China Air Brake System Market by Vehicle Type
8.1.2 China Air Brake System Market by Brake Type
8.1.3 China Air Brake System Market by Application
8.2 Japan Air Brake System Market
8.2.1 Japan Air Brake System Market by Vehicle Type
8.2.2 Japan Air Brake System Market by Brake Type
8.2.3 Japan Air Brake System Market by Application
8.3 India Air Brake System Market
8.3.1 India Air Brake System Market by Vehicle Type
8.3.2 India Air Brake System Market by Brake Type
8.3.3 India Air Brake System Market by Application
8.4 South Korea Air Brake System Market
8.4.1 South Korea Air Brake System Market by Vehicle Type
8.4.2 South Korea Air Brake System Market by Brake Type
8.4.3 South Korea Air Brake System Market by Application
8.5 Singapore Air Brake System Market
8.5.1 Singapore Air Brake System Market by Vehicle Type
8.5.2 Singapore Air Brake System Market by Brake Type
8.5.3 Singapore Air Brake System Market by Application
8.6 Malaysia Air Brake System Market
8.6.1 Malaysia Air Brake System Market by Vehicle Type
8.6.2 Malaysia Air Brake System Market by Brake Type
8.6.3 Malaysia Air Brake System Market by Application
8.7 Rest of Asia Pacific Air Brake System Market
8.7.1 Rest of Asia Pacific Air Brake System Market by Vehicle Type
8.7.2 Rest of Asia Pacific Air Brake System Market by Brake Type
8.7.3 Rest of Asia Pacific Air Brake System Market by Application
Chapter 9. Company Profiles
9.1 Knorr-Bremse AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Haldex AB
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Customer Segment and Regional Analysis
9.2.4 Product Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Meritor, Inc. (Cummins, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 ZF Friedrichshafen AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Wabtec Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 SWOT Analysis
9.6 Nabtesco Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.8 SORL Auto Parts, Inc. (Ruili Group Ruian Auto Parts Co., Ltd.)
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.3 SWOT Analysis
TABLE 1 Asia Pacific Air Brake System Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Air Brake System Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Heavy Duty Trucks Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Heavy Duty Trucks Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Rigid Body Trucks Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Rigid Body Trucks Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Semi Trailer Tractor Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Semi Trailer Tractor Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Bus Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Bus Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Drum Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Drum Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Disc Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Disc Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Brake Chamber Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Brake Chamber Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Compressor Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Compressor Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Governor Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Governor Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Air Dryer Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Air Dryer Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Foot Valve Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Foot Valve Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Storage Tank Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Storage Tank Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Slack Adjuster Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Slack Adjuster Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Air Brake System Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Air Brake System Market by Country, 2023 - 2030, USD Million
TABLE 37 China Air Brake System Market, 2019 - 2022, USD Million
TABLE 38 China Air Brake System Market, 2023 - 2030, USD Million
TABLE 39 China Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 China Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 China Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 42 China Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 43 China Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 44 China Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 45 Japan Air Brake System Market, 2019 - 2022, USD Million
TABLE 46 Japan Air Brake System Market, 2023 - 2030, USD Million
TABLE 47 Japan Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Japan Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Japan Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 50 Japan Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 51 Japan Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 52 Japan Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 53 India Air Brake System Market, 2019 - 2022, USD Million
TABLE 54 India Air Brake System Market, 2023 - 2030, USD Million
TABLE 55 India Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 56 India Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 57 India Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 58 India Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 59 India Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 60 India Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 61 South Korea Air Brake System Market, 2019 - 2022, USD Million
TABLE 62 South Korea Air Brake System Market, 2023 - 2030, USD Million
TABLE 63 South Korea Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 64 South Korea Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 65 South Korea Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 66 South Korea Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 67 South Korea Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 68 South Korea Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 69 Singapore Air Brake System Market, 2019 - 2022, USD Million
TABLE 70 Singapore Air Brake System Market, 2023 - 2030, USD Million
TABLE 71 Singapore Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 Singapore Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 73 Singapore Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 74 Singapore Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 75 Singapore Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 76 Singapore Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 77 Malaysia Air Brake System Market, 2019 - 2022, USD Million
TABLE 78 Malaysia Air Brake System Market, 2023 - 2030, USD Million
TABLE 79 Malaysia Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 80 Malaysia Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 81 Malaysia Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 82 Malaysia Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 83 Malaysia Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 84 Malaysia Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Air Brake System Market, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Air Brake System Market, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 93 Key Information – Knorr-Bremse AG
TABLE 94 Key Information – Haldex AB
TABLE 95 Key Information – Meritor, Inc.
TABLE 96 Key Information – ZF Friedrichshafen AG
TABLE 97 Key information – Wabtec Corporation
TABLE 98 Key Information – Nabtesco Corporation
TABLE 99 Key Information – TSE Brakes Inc.
TABLE 100 Key Information – Sorl Auto Parts, Inc.
TABLE 101 Key Information – Brakes India Private Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Air Brake System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Air Brake System Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis - Air Brake System Market
FIG 6 Asia Pacific Air Brake System Market share by Vehicle Type, 2022
FIG 7 Asia Pacific Air Brake System Market share by Vehicle Type, 2030
FIG 8 Asia Pacific Air Brake System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 9 Asia Pacific Air Brake System Market share by Brake Type, 2022
FIG 10 Asia Pacific Air Brake System Market share by Brake Type, 2030
FIG 11 Asia Pacific Air Brake System Market by Brake Type, 2019 - 2030, USD Million
FIG 12 Asia Pacific Air Brake System Market share by Application, 2022
FIG 13 Asia Pacific Air Brake System Market share by Application, 2030
FIG 14 Asia Pacific Air Brake System Market by Application, 2019 - 2030, USD Million
FIG 15 Asia Pacific Air Brake System Market share by Country, 2022
FIG 16 Asia Pacific Air Brake System Market share by Country, 2030
FIG 17 Asia Pacific Air Brake System Market by Country, 2019 - 2030, USD Million
FIG 18 Swot Analysis: Knorr-Bremse AG
FIG 19 Swot Analysis: Haldex AB
FIG 20 Swot Analysis: Meritor, Inc.
FIG 21 Recent strategies and developments: ZF Friedrichshafen AG
FIG 22 Swot Analysis: ZF Friedrichshafen AG
FIG 23 Swot Analysis: Wabtec Corporation
FIG 24 Swot Analysis: Nabtesco Corporation
FIG 25 Swot Analysis: Sorl Auto Parts, Inc.
FIG 26 Swot Analysis: Brakes India Private Limited