The Europe Air Brake System Market would witness market growth of 2.2% CAGR during the forecast period (2023-2030).
The market is expanding due to factors like rising production & sales of commercial vehicles and off-road trucks, as well as rising production of high-speed trains and railroads. Additionally, laws pertaining to weight-bearing capacity and requirements for the installation of air brakes are anticipated to open up several prospects for market growth and expansion, consequently expanding the market.
The market is expanding because of technological advancements in the automobile industry for the effective implementation of safety features and improved drive quality. The introduction of improved braking systems has increased the safety features of cars as autonomous driving has grown in popularity. The deployment of these technologies in automobiles to increase safety and comfort is encouraged by the existence of enabling laws and affordable transportation options.
By implementing numerous safety-ensuring programs like eSafety Aware and other educational campaigns, automotive manufacturers in the region have concentrated on lowering the number of traffic deaths. To provide consumers with better driving assistance systems, automakers have given the development of air brake systems a top priority.
There is an increasing need for a more contemporary distribution network as e-commerce grows throughout Europe. German firms include the VW Group, BMW Group, and Daimler Group. Germany is an important automotive hub in Europe. The nation is a significant light commercial vehicle producer in Europe. Commercial trailer producers in Germany additionally manufacture more than whatever the law mandates. The market would eventually grow in the Europe region as a result of the growth of the automobile sector.
The Germany market dominated the Europe Air Brake System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $238.2 million by 2030. The UK market is exhibiting a CAGR of 1.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Air Brake System Market, by Vehicle Type
1.4.2 Europe Air Brake System Market, by Brake Type
1.4.3 Europe Air Brake System Market, by Application
1.4.4 Europe 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. Europe Air Brake System Market by Vehicle Type
5.1 Europe Heavy Duty Trucks Market by Country
5.2 Europe Rigid Body Trucks Market by Country
5.3 Europe Semi Trailer Tractor Market by Country
5.4 Europe Bus Market by Country
Chapter 6. Europe Air Brake System Market by Brake Type
6.1 Europe Drum Air Brake Market by Country
6.2 Europe Disc Air Brake Market by Country
Chapter 7. Europe Air Brake System Market by Application
7.1 Europe Brake Chamber Market by Country
7.2 Europe Compressor Market by Country
7.3 Europe Governor Market by Country
7.4 Europe Air Dryer Market by Country
7.5 Europe Foot Valve Market by Country
7.6 Europe Storage Tank Market by Country
7.7 Europe Slack Adjuster Market by Country
Chapter 8. Europe Air Brake System Market by Country
8.1 Germany Air Brake System Market
8.1.1 Germany Air Brake System Market by Vehicle Type
8.1.2 Germany Air Brake System Market by Brake Type
8.1.3 Germany Air Brake System Market by Application
8.2 UK Air Brake System Market
8.2.1 UK Air Brake System Market by Vehicle Type
8.2.2 UK Air Brake System Market by Brake Type
8.2.3 UK Air Brake System Market by Application
8.3 France Air Brake System Market
8.3.1 France Air Brake System Market by Vehicle Type
8.3.2 France Air Brake System Market by Brake Type
8.3.3 France Air Brake System Market by Application
8.4 Russia Air Brake System Market
8.4.1 Russia Air Brake System Market by Vehicle Type
8.4.2 Russia Air Brake System Market by Brake Type
8.4.3 Russia Air Brake System Market by Application
8.5 Spain Air Brake System Market
8.5.1 Spain Air Brake System Market by Vehicle Type
8.5.2 Spain Air Brake System Market by Brake Type
8.5.3 Spain Air Brake System Market by Application
8.6 Italy Air Brake System Market
8.6.1 Italy Air Brake System Market by Vehicle Type
8.6.2 Italy Air Brake System Market by Brake Type
8.6.3 Italy Air Brake System Market by Application
8.7 Rest of Europe Air Brake System Market
8.7.1 Rest of Europe Air Brake System Market by Vehicle Type
8.7.2 Rest of Europe Air Brake System Market by Brake Type
8.7.3 Rest of Europe 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 Europe Air Brake System Market, 2019 - 2022, USD Million
TABLE 2 Europe Air Brake System Market, 2023 - 2030, USD Million
TABLE 3 Europe Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 4 Europe Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 5 Europe Heavy Duty Trucks Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Heavy Duty Trucks Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Rigid Body Trucks Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Rigid Body Trucks Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Semi Trailer Tractor Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Semi Trailer Tractor Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Bus Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Bus Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 14 Europe Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 15 Europe Drum Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Drum Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Disc Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Disc Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 20 Europe Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 21 Europe Brake Chamber Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Brake Chamber Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Compressor Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Compressor Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Governor Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Governor Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Air Dryer Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Air Dryer Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Foot Valve Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Foot Valve Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Storage Tank Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Storage Tank Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Slack Adjuster Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Slack Adjuster Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Air Brake System Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Air Brake System Market by Country, 2023 - 2030, USD Million
TABLE 37 Germany Air Brake System Market, 2019 - 2022, USD Million
TABLE 38 Germany Air Brake System Market, 2023 - 2030, USD Million
TABLE 39 Germany Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 Germany Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 Germany Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 42 Germany Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 43 Germany Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 44 Germany Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 45 UK Air Brake System Market, 2019 - 2022, USD Million
TABLE 46 UK Air Brake System Market, 2023 - 2030, USD Million
TABLE 47 UK Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 UK Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 UK Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 50 UK Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 51 UK Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 52 UK Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 53 France Air Brake System Market, 2019 - 2022, USD Million
TABLE 54 France Air Brake System Market, 2023 - 2030, USD Million
TABLE 55 France Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 56 France Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 57 France Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 58 France Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 59 France Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 60 France Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 61 Russia Air Brake System Market, 2019 - 2022, USD Million
TABLE 62 Russia Air Brake System Market, 2023 - 2030, USD Million
TABLE 63 Russia Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 64 Russia Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 65 Russia Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 66 Russia Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 67 Russia Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 68 Russia Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 69 Spain Air Brake System Market, 2019 - 2022, USD Million
TABLE 70 Spain Air Brake System Market, 2023 - 2030, USD Million
TABLE 71 Spain Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 Spain Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 73 Spain Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 74 Spain Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 75 Spain Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 76 Spain Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 77 Italy Air Brake System Market, 2019 - 2022, USD Million
TABLE 78 Italy Air Brake System Market, 2023 - 2030, USD Million
TABLE 79 Italy Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 80 Italy Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 81 Italy Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 82 Italy Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 83 Italy Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 84 Italy Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of Europe Air Brake System Market, 2019 - 2022, USD Million
TABLE 86 Rest of Europe Air Brake System Market, 2023 - 2030, USD Million
TABLE 87 Rest of Europe Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 88 Rest of Europe Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 89 Rest of Europe Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 90 Rest of Europe Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 91 Rest of Europe Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of Europe 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 Europe 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 Europe Air Brake System Market share by Vehicle Type, 2022
FIG 7 Europe Air Brake System Market share by Vehicle Type, 2030
FIG 8 Europe Air Brake System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 9 Europe Air Brake System Market share by Brake Type, 2022
FIG 10 Europe Air Brake System Market share by Brake Type, 2030
FIG 11 Europe Air Brake System Market by Brake Type, 2019 - 2030, USD Million
FIG 12 Europe Air Brake System Market share by Application, 2022
FIG 13 Europe Air Brake System Market share by Application, 2030
FIG 14 Europe Air Brake System Market by Application, 2019 - 2030, USD Million
FIG 15 Europe Air Brake System Market share by Country, 2022
FIG 16 Europe Air Brake System Market share by Country, 2030
FIG 17 Europe 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