Global Automotive Air Brake Market by Type (Double Balanced Shaft Gear, Single Balance Shaft Gear), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Automotive Air Brake Market size is projected to reach USD $23.71 billion by 2028 from USD $8.30 billion in 2018, growing at a CAGR of 12.5% during the forecast period. The demand for these products is majorly driven by the increasing vehicle production and sales across regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The Automotive Air Brake Market has seen substantial growth due to the increased use of these brakes in commercial vehicles where safety requirements are high on account of hazardous goods that need to be transported over longer distances with an average speed of 10-25 km/h.

An automotive air brake is a system that provides the vehicle with an emergency braking capability in case of emergencies. The basic function of this mechanism can be described as matching the pressure on each wheel, thereby minimizing tire wear and maximizing stopping power. When hydraulic brakes are utilized to stop vehicles, they have high levels of initial force but decrease over time due to heat loss through friction. As such, their performance decreases after repeated usage for short periods of time or when applied at lower speeds with reduced loads (such as during parking). This leads to insufficient stopping power which may endanger passengers and pedestrians alike. By contrast, air brakes do not lose much energy to heat dissipation because there is no contact between two surfaces like in a car's disc-brake system. Therefore, they are not prone to the same performance deterioration as hydraulic brakes and offer an alternative for vehicles that require frequent stops with high loads (e.g., commercial trucks).

On the basis of Type, the global automotive air brake market is segmented into Double Balanced Shaft Gear and Single Balance Shaft Gear.

Double-Balanced Shaft Gear:

The double-Balanced Shaft Gear type of automotive air brake is fitted on the rear wheels and provides efficient braking by means of a complex system. They use two sets of gears to transfer the force from the engine or motor (driven) to the axle, thus generating power for brakes in all four tires simultaneously. The input shaft is connected directly with one gear which rotates in a special way that converts rotation into linear movement; this moves push rods attached to pistons controlling pressure valves, thereby regulating airflow amount as well as reducing noise levels.

Single Balance Shaft Gear:

The single balance shaft gear type of automotive air brake is a hydraulic device that works to decelerate a vehicle. It typically comprises two pressure chambers, one for the driver and passenger side brakes and another for the trailer. These are connected by a long cylinder with a connecting rod running through it on its axis at the center. The pistons inside these chambers work in concert to apply greater force than either piston could alone, providing more power when needed but only using half as much oil per application or stroke because each chamber operates independently from the other even though they share a common input source (brake pedal). To make use of this system, pressure must be applied separately to both sections of fluid which would ordinarily not require any effort since they are under the same system of pressure. A small valve, called a "balance chamber", controls this by diverting fluid from one side to the other when necessary.

On the basis of Application, the global automotive air brake market is segmented into Passenger Cars and Commercial Vehicles.

Passenger Cars:

Passenger Cars are the second largest application segment of automotive air brakes. In passenger cars, heavy vehicles use a separate braking system than lighter ones. This heavier vehicle uses hydraulic brakes on all four wheels to stop it more quickly while lower-weight vehicles usually just have one or two sets of brakes that rely solely on friction between the wheel surface and the vehicle's brake drum (or disc).

Commercial Vehicles:

The application of automotive air brake in Commercial Vehicles is to stop the vehicle and control its speed. Air brakes are used as a primary braking system in most commercial vehicles, such as buses and heavy-duty trucks. Air brakes provide the best performance for these types of vehicles because they can be applied to all four wheels simultaneously, providing maximum stopping power.

On the basis of Region, the global automotive air brake market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In 2017, the North American region accounted for more than one-fourth of the total demand in this industry due to rising vehicle production and sales. There are various factors that contribute to a high penetration rate of passenger cars or commercial vehicles such as favorable climate conditions and economic growth rate.

New developments are also coming in the form of advancement from traditional air brakes to electronic braking systems which offer better control over vehicle performance parameters with reduced wear & tear on brake pads. The global automotive air brake market is segmented based on type (double balanced shaft gear, single balance shaft gear), by application (passenger cars, commercial vehicles), and region (North America, Latin America, Europe, Asia Pacific). North America dominated this industry with a share of more than 50% owing to high adoption rates in passenger cars coupled with a favorable regulatory framework for hybrid electric drives while other regions such as South East Asia were projected to grow at higher CAGR during the forecast period 2021-2028 due to increasing in demand for commercial vehicles and evolving trends of hybrid electric drives, growth in population.

Growth Factors For The Global Automotive Air Brake Market:

The growth factors for the global automotive air brake market are increasing production of commercial vehicles and passenger cars, rising populations in high-income economies, increased per capita income level, technological advancements. The increasing production of commercial vehicles and passenger cars coupled with rising populations in high-income economies are the major drivers for this market growth across all regions.

Up Market Research published a new report titled “Automotive Air Brake Market research report which is segmented by Types (Double Balanced Shaft Gear, Single Balance Shaft Gear), By Applications (Passenger Cars, Commercial Vehicles), By Players/Companies Shigehara Manufacturing (Japan), Victrex (UK)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Air Brake Market Report Segments:

The market is segmented by Type Double Balanced Shaft Gear, Single Balance Shaft Gear and By Application Passenger Cars, Commercial Vehicles.

Some of the companies that are profiled in this report are:

1. Shigehara Manufacturing (Japan)
2. Victrex (UK)

Automotive Air Brake Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Air Brake Market

Overview of the regional outlook of the Automotive Air Brake Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Air Brake Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Air Brake Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Double Balanced Shaft Gear

                2. Single Balance Shaft Gear

                1. Passenger Cars

                2. Commercial Vehicles

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Air Brake Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Air Brake Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.