Air Brake System Market To Generate $4,079.8 Million Revenue by 2030

The global air brake system market revenue is expected to reach USD 4,079.8 million by 2030, exhibiting a CAGR of 4.7% during 2024–2030.

This is due to air brakes' widespread usage in big commercial vehicles. Driven by the growing population, rapid urbanization and industrialization are taking place, which are, in turn, resulting in a massive scale of building & construction activity. Therefore, there is a demand for huge volumes of raw materials to be transported by trucks, trailers, and semi-trailer tractors, which are widely equipped with air brake systems.

Moreover, buses and trains employ these systems as their primary stopping technology. Compressed air enables the simultaneous braking of many wheels, thereby enabling precise control of the braking power. This reduces the likelihood of brake fade and boosts stability and control while stopping.

Further, the expansion of the rolling stock is driving the procurement of air brake systems. The advent of high-speed trains is creating more pressure on the manufacturers of these components to provide a reliable and consistent performance. The innovations in braking technologies, such as anti-lock braking systems (ABS) and electronic brake systems (EBS), are also propelling the demand for air brakes in rolling stock.

Heavy Trucks Dominate Market

The heavy trucks category dominates the trucks air brake system market with a revenue share of 60%.

This is due to the surging demand for trucks globally, owing to their extensive usage in transporting goods and passengers over long distances. Air brake systems provide superior safety and reliability compared to hydraulic braking systems. The former are developed to handle the massive heavy-duty vehicles by providing substantial stopping power.

Even in difficult conditions, such as during long descents in the mountains or in the rainy season, they provide a consistent stopping performance. With the growing concerns about emissions and road safety, an increasing number of automotive manufacturers are using air brakes in HCVs. Moreover, auto components manufacturers are coming up with new technologies to reduce the wear and tear on these components and increase their overall life.

North America Is Significantly Fastest-Growing Region

North America is expected to witness the highest CAGR in the market during the forecast period. This will be due to the stringent road safety regulations and the presence of prominent HCV manufacturers in the region, such as Freightliner Trucks, Kenworth Truck Company, Daimler Truck, and Caterpillar Inc. Moreover, there have been many advancements in the regional automotive industry in recent years, such as electronic controls, ABS, and stability control, which have made air brake systems more popular among commercial vehicle manufacturers.

Moreover, there are stringent regulations and safety standards for commercial vehicles, including for braking systems, in the continent. Air brakes help manufacturers in complying with these regulations and reducing the likelihood of road accidents.

Top companies manufacturing air brakes are Knorr-Bremse AG, Minda Nabtesco Automotive Pvt. Ltd., Haldex Europe SAS, ZF Friedrichshafen AG, SORL Auto Parts Inc., Meritor Inc., Brakes India Limited, Airmaster Brake Systems, and Yumak Air Brake Systems.