The Global Air brake system Market is growing by increasing industrialization and urbanization around the globe.
Increase in sales & Vehicle Typeion of commercial vehicles and off-highway trucks could lead to a growth of market in the forecast period. The market growth is favored by increasing infrastructural spending. Fail-safe nature of air brakes over hydraulic brakes is expected to drive the market. Freezing of air brakes at low temperature as well as increasing focus on electric trucks and buses may hinder the adoption of market. Whereas regulations related to load carrying capacity and mandates on air brakes installation is growing the opportunity in the market.
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The Heavy Duty Truck segment will drive the air brake system market in 2017 and significant growth in the projected year. Heavy-duty trucks are the most preferred type of trucks used by fleet operators owing to its high weight bearing capacity and engine power which help in the drive the market in forecasted period.
Some of the key players operating in this market include ZF TRW Automotive Holdings Corporation, Continental AG, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Haldex AB, Knorr-Bremse AG, Nissin Kogyo Co. Ltd. and Others.
Key Benefits of the Report:
- Global, Regional, Country, Component, and Software Type Market Size and Forecast from 2014-2025
- Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
- Identification of key companies that can influence this market on a global and regional scale
- Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
- Detailed insights on emerging regions, Software Type & Component, and competitive landscape with qualitative and quantitative information and facts.
Global Air Brake System Industry 2020 Market Research Report is spread across 121 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
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* Air brake system providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies.
Research Methodology: The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
- Original Equipment Manufacturer,
- Component Supplier,
- Government Body & Associations, and
- Research Institute.
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Table Of Content
1 Executive Summary
2 Methodology And Market Scope
3 Air Brake System Market — Industry Outlook
4 Air Brake System Market Type Outlook
5 Air Brake System Market Application Outlook
6 Air Brake System Market Regional Outlook
7 Competitive Landscape
End Of The Report
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