Global Automotive Air Brake System Market Should see a Rise of 2%, 2019-2023 Because of the Increasing Number of Medium and Heavy Trucks Manufactured - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automotive Air Brake System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Global Automotive Air Brake System Market: About this market

Such factors are increasing the demand for air brake systems in medium-duty vehicles, which will fuel the growth of the automotive air brake system market at a CAGR of close to 2% during the forecast period.

Automotive air brake system that is used in medium- and heavy-duty vehicles use pneumatic pressure for stopping a vehicle. This automotive air brake system market analysis considers the applications of automotive air brake systems in trucks and buses. Our analysis also considers the sales of automotive air brake systems in North America, Europe, APAC, South America, and MEA. In 2018, the trucks segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing number of medium- and heavy-duty trucks will play a significant role in the trucks segment to maintain their market position. Also, our global automotive air brake system market report looks at factors such as the increasing demand for heavy-duty vehicles, growing preference for air brake systems in medium-duty vehicles, and regulations on safety solutions of heavy-duty vehicles. However, the vehicle recalls due to potential air brake failure, increase in vehicle manufacturing cost leading to reduced profit margin, and growing adoption of electronically controlled braking systems in trucks and buses may hamper the growth of the automotive air brake system industry over the forecast period.

Global automotive air brake system market: Overview

Increasing preference for air brake systems in medium-duty vehicles

Air brake systems are increasingly being deployed in medium-duty vehicles owing to the proven efficiency and performance of air brake systems in heavy-duty vehicles. The current hydraulic brake systems are incapable of generating enough power to halt fully loaded medium-duty vehicles and can cause safety-related issues.

Increasing preference for lightweight brake components

Automotive OEMs have been focusing on improving vehicle efficiency, which has resulted in the growing preference for reducing the weight of vehicle components. Light weighting of components enhances vehicle performance and reduces the manufacturing cost for OEMs. Thus, the growing focus on light-weighting components is resulting in the need for lightweight airbrake systems, which is expected to fuel the growth of the market during the forecast period.

Competitive Landscape

With the presence of few major players, the global automotive air brake system market is concentrated. Also, the automotive air brake system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Trucks - Market size and forecast 2018-2023
• Buses - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing preference for lightweight brake components
• Truck brake dust filters to improve air quality
• Improvement in supply chain strategies

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Akebono Brake Industry Co. Ltd.
• Knorr-Bremse AG
• Meritor Inc.
• WABCO Holdings Inc.
• ZF Friedrichshafen AG

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/r/cxequm