The Air Brake Systems Market size is expected to grow at an annual average of 3% during 2021-2027. An air brake, or compressed air brake system, is a type of friction brake designed for vehicles in which compressed air is applied to the pistons to apply additional pressure to the brake pads to stop the vehicle. In addition to their use on rail trains, air brakes are used on heavy duty vehicles with multiple trailers that must be connected to a brake system such as trucks, buses, trailers and semi-trailers. George Westinghouse first developed air brakes for use in rail services.
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Company Profile
Knorr-Bremse (Germany)
Wabco (Belgium)
Meritor (US)
Haldex (Sweden)
ZF (Germany)
Wabtec (US)
Nabtesco (Japan)
Market – Segmentation
By Brake Type
Air Disc
Air Drum
By Component
Compressor
Governor
Storage tank
Air dryer
Foot valve
Brake chamber
By Component
Compressor
Storage Tank
Driver’s Brake Valve
Brake Cylinder
Brake Pipe
Scope of the Report
The research study analyzes the Global Air Brake Systems Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Air Brake Systems Market Report
1. What was the Air Brake Systems Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Air Brake Systems Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Air Brake Systems Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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