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
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
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/cxequm
View source version on businesswire.com: https://www.businesswire.com/news/home/20190712005280/en/
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Related Topics: Brake Systems and Components