Albany, NY -- (SBWIRE) -- 04/10/2019 -- ResearchMoz present a comprehensive research report namely "Global Air Brake System Market Insights, Forecast to 2025" which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer's Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025.
Air brake system is a type of friction brake for vehicles in which compressed air pressing on a piston is used to apply the pressure to the brake pad needed to stop the vehicle. Air brakes are used in large heavy vehicles, particularly those having multiple trailers which must be linked into the brake system, such as trucks, buses, trailers, and semi-trailers.
Global Air Brake System Market: Forecast by Type: Type consists of Air Disc Brake and Air Drum Brake. Air Disc Brake segment was estimated to account for a revenue share of 75.3% in 2018.
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Global Air Brake System Market: Forecast by Application: Application segment consists of Heavy Trucks and Trailers, Buses and Others. Heavy Trucks and Trailers segment was estimated to account for a sales share of 63.3% in 2018.
Global Air Brake System market size will reach 4430 million US$ by 2025, from 3830 million US$ in 2018, at a CAGR of 2.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Air Brake System.
This industry study presents the global Air Brake System market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Air Brake System production, revenue and market share by manufacturers, key regions and type;
The consumption of Air Brake System in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Knorr-Bremse, Wabco, etc.
The following manufacturers are covered in this report:
Knorr-Bremse
Wabco
Haldex
Nabtesco-Automotive
Sorl Auto Parts
Aventics (Emerson)
Tenneco (Federal-Mogul)
MGM Brakes
Sealco
TSE Brakes
Fritec
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Air Brake System Breakdown Data by Type
Air Disc Brake
Air Drum Brake
Air Brake System Breakdown Data by Application
Heavy Trucks and Trailers
Buses
Others
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