The North America Air Brake System Market would witness market growth of 2.4% CAGR during the forecast period (2023-2030).
A sort of friction brake called an air brake, also known as a compressed air brake system, is made to be installed on automobiles. The compressed air is applied to a piston, which then exerts pressure on the brake pads, forcing the vehicle to stop. Along with their use in railroad trains, air brakes are utilized in large, heavy vehicles, particularly those with many trailers that need to be connected to the brake system, such as buses, trucks, trailers, and semi-trailers.
The air brake system has a broader array of components, including a control pedal, an air storage tank, and numerous other components, that leads to a considerable increase in the market. The air brake system has a greater scope of use in service brakes and parking brakes. The water-driven braking system, typically utilized in lighter cars, has been replaced by the air-powered braking system. This system has the significant advantage of being well-planned and having adequate capacity. The air brake system is a friction brake for automobiles that stops the car by applying pressure to a piston with compressed air.
The air brake system is a friction brake for cars that use compressed air to exert pressure on a piston to stop the car. The compressor, tank, governor, air dryer, brake chamber, foot valve, and slack adjuster are some of its various parts. Disc air brake systems and drum air brake systems comprise the two main types of air brake systems now available on the market. Heavy and commercial vehicles with air brake systems may apply more forceful braking, increasing demand for air brakes and ultimately growing the market. The market has benefited from the rising demand for air brakes, which has raised the size of the market.
Road traffic accidents are the leading cause of death in the United States among those aged 1-541, as well as the main reason for non-natural mortality among Americans living or traveling overseas. The number of fatal crashes involving automobiles in Canada increased from 1,746 in 2020 to 1,768 in 2021. In 2021, there were 108,018 overall injuries, up 3.6% from the 2020s, 104,286 total injuries, and 8,185 severe injuries, up 4% from the 2020s, 7,868 total serious injuries. The demand for commercial vehicles and the frequency of traffic incidents in the region are both increasing, raising the need for technologies promoting safe driving. The market in North America would therefore grow.
The US market dominated the North America Air Brake System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $744 million by 2030. The Canada market is experiencing a CAGR of 4.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Air Brake System Market, by Vehicle Type
1.4.2 North America Air Brake System Market, by Brake Type
1.4.3 North America Air Brake System Market, by Application
1.4.4 North America 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. North America Air Brake System Market by Vehicle Type
5.1 North America Heavy Duty Trucks Market by Country
5.2 North America Rigid Body Trucks Market by Country
5.3 North America Semi Trailer Tractor Market by Country
5.4 North America Bus Market by Country
Chapter 6. North America Air Brake System Market by Brake Type
6.1 North America Drum Air Brake Market by Country
6.2 North America Disc Air Brake Market by Country
Chapter 7. North America Air Brake System Market by Application
7.1 North America Brake Chamber Market by Country
7.2 North America Compressor Market by Country
7.3 North America Governor Market by Country
7.4 North America Air Dryer Market by Country
7.5 North America Foot Valve Market by Country
7.6 North America Storage Tank Market by Country
7.7 North America Slack Adjuster Market by Country
Chapter 8. North America Air Brake System Market by Country
8.1 US Air Brake System Market
8.1.1 US Air Brake System Market by Vehicle Type
8.1.2 US Air Brake System Market by Brake Type
8.1.3 US Air Brake System Market by Application
8.2 Canada Air Brake System Market
8.2.1 Canada Air Brake System Market by Vehicle Type
8.2.2 Canada Air Brake System Market by Brake Type
8.2.3 Canada Air Brake System Market by Application
8.3 Mexico Air Brake System Market
8.3.1 Mexico Air Brake System Market by Vehicle Type
8.3.2 Mexico Air Brake System Market by Brake Type
8.3.3 Mexico Air Brake System Market by Application
8.4 Rest of North America Air Brake System Market
8.4.1 Rest of North America Air Brake System Market by Vehicle Type
8.4.2 Rest of North America Air Brake System Market by Brake Type
8.4.3 Rest of North America 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 North America Air Brake System Market, 2019 - 2022, USD Million
TABLE 2 North America Air Brake System Market, 2023 - 2030, USD Million
TABLE 3 North America Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 4 North America Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 5 North America Heavy Duty Trucks Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Heavy Duty Trucks Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Rigid Body Trucks Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Rigid Body Trucks Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Semi Trailer Tractor Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Semi Trailer Tractor Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Bus Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Bus Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 14 North America Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 15 North America Drum Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Drum Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Disc Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Disc Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 20 North America Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 21 North America Brake Chamber Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Brake Chamber Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Compressor Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Compressor Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Governor Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Governor Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Air Dryer Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Air Dryer Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Foot Valve Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Foot Valve Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Storage Tank Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Storage Tank Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Slack Adjuster Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Slack Adjuster Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Air Brake System Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Air Brake System Market by Country, 2023 - 2030, USD Million
TABLE 37 US Air Brake System Market, 2019 - 2022, USD Million
TABLE 38 US Air Brake System Market, 2023 - 2030, USD Million
TABLE 39 US Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 US Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 US Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 42 US Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 43 US Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 44 US Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 45 Canada Air Brake System Market, 2019 - 2022, USD Million
TABLE 46 Canada Air Brake System Market, 2023 - 2030, USD Million
TABLE 47 Canada Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Canada Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Canada Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 50 Canada Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 51 Canada Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 52 Canada Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 53 Mexico Air Brake System Market, 2019 - 2022, USD Million
TABLE 54 Mexico Air Brake System Market, 2023 - 2030, USD Million
TABLE 55 Mexico Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 56 Mexico Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 57 Mexico Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 58 Mexico Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 59 Mexico Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 60 Mexico Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of North America Air Brake System Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Air Brake System Market, 2023 - 2030, USD Million
TABLE 63 Rest of North America Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 64 Rest of North America Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 65 Rest of North America Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 66 Rest of North America Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 67 Rest of North America Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 68 Rest of North America Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 69 Key Information – Knorr-Bremse AG
TABLE 70 Key Information – Haldex AB
TABLE 71 Key Information – Meritor, Inc.
TABLE 72 Key Information – ZF Friedrichshafen AG
TABLE 73 Key information – Wabtec Corporation
TABLE 74 Key Information – Nabtesco Corporation
TABLE 75 Key Information – TSE Brakes Inc.
TABLE 76 Key Information – Sorl Auto Parts, Inc.
TABLE 77 Key Information – Brakes India Private Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Air Brake System Market share by Vehicle Type, 2022
FIG 7 North America Air Brake System Market share by Vehicle Type, 2030
FIG 8 North America Air Brake System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 9 North America Air Brake System Market share by Brake Type, 2022
FIG 10 North America Air Brake System Market share by Brake Type, 2030
FIG 11 North America Air Brake System Market by Brake Type, 2019 - 2030, USD Million
FIG 12 North America Air Brake System Market share by Application, 2022
FIG 13 North America Air Brake System Market share by Application, 2030
FIG 14 North America Air Brake System Market by Application, 2019 - 2030, USD Million
FIG 15 North America Air Brake System Market share by Country, 2022
FIG 16 North America Air Brake System Market share by Country, 2030
FIG 17 North America 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