Air Brake Market Forecast and CAGR
According to the latest study by Fact.MR, Air Brake market is set to behold a moderate growth rate during the forecast period of 2021-2031. The rising adoption of braking solutions in medium and heavy duty vehicles is one of the foremost driving factors that is expected to drive the overall growth and register net valuation of more than US$ 10 Bn by 2031. The air brakes are gaining attention with the rise in vehicle safety apprehensions among end users lashing air brake manufacturers to deliver innovative features in braking systems.
Manufacturers are augmenting the features in air braking systems such as brake failure warning system, to fascinate a higher consumer base globally. Prominent key players are investing comprehensively in research & development to lift the innovations and uphold a robust position in the highly competitive market.
Request Sample https://www.factmr.com/connectus/sample?flag=S&rep_id=889
Currently, hydraulic brakes are widely used in vehicles, which can bear a safety related issue, as these hydraulic brakes are not skillful at creating sufficient power to offer protection to heavy and medium vehicles. Snowballing vehicle production globally from numerous vehicle manufacturers is projected to drive the progress of braking systems during the forecast period.
Key Segments
By Product Type
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By End Use Industry
- Aerospace
- Automotive
- Industrial & Manufacturing
- Healthcare
- Consumer Electronics
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East And Africa
- GCC Countries
- Other Middle East
- South Africa
- Other Africa
Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=889
Air Brake Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Request ToC https://www.factmr.com/connectus/sample?flag=T&rep_id=889
Who are the Key Manufacturers and Suppliers of Air Brake?
The key manufacturers in Air Brakes are
- Knorr-Bremse AG
- Minda Nabtesco Automotive Pvt. Ltd.
- Haldex Europe SAS
- Wabco
- Bendix
- SORL Auto Parts
- Meritor
- Brakes India Limited
- Airmaster Brake
- Yumak Air Brake
For More Insights- https://www.einpresswire.com/article/556502949/growing-demand-for-sanitizers-during-pandemic-gives-traction-to-the-market-for-99-triethanolamine
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates