Global Air Brake System market size will nearly US$ 6.1 billion By 2025.
Albany, NY -- (SBWIRE) -- 06/04/2019 -- The systematic analysis of the global Air Brake System market will assist prospective players figure out the strategies to implement for the sustainable expansion. The report focuses on the recent innovations in products and technologies in order to understand the overall impact of these innovations on the market. The product portfolio and strategies adopted by the leading companies are discussed and analyzed in detail. On the basis of various parameters the contribution of the leading companies have been studied in this report.
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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.
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:
Sorl Auto Parts
Air Brake System Breakdown Data by Type
Air Disc Brake
Air Drum Brake
Air Brake System Breakdown Data by Application
Heavy Trucks and Trailers
Air Brake System Production by Region
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The study objectives are:
To analyze and research the global Air Brake System status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Air Brake System manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million USD) and volume (M Unit). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Air Brake System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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