The global air brake system market, also known as the ‘Markt für Druckluftbremssysteme,’ is projected to reach a value of US$ 5.9 billion by 2034, growing at a CAGR of 3.2% from 2024. These systems rely on compressed air instead of hydraulic fluid, offering superior braking performance and safety for a range of vehicles, particularly heavy-duty and commercial vehicles, as well as high-speed trains.
The increasing demand for heavy-duty and commercial vehicles to meet the world’s expanding transportation needs is a major driver of the air brake system market. The need for safe and reliable braking in these vehicles is crucial, leading to a preference for air brakes. The rise of e-commerce has further fuelled the need for more heavy-duty and long-haul vehicles, adding momentum to this market segment.
High-speed trains also heavily rely on air brake systems. Their ability to control air pressure effectively and provide passengers with a smooth and safe ride makes them essential for these modern transportation systems. The production of high-speed trains has doubled in the last five years, and this trend is expected to continue, further boosting the demand for air brake systems.
The Asia Pacific region dominates the air brake system market, fueled by the region’s emergence as a significant automotive manufacturing hub. Over 55% of the world’s trucks are manufactured in Asia Pacific. Companies like Ashok Leyland, Tata Motors, Xiamen King Long Motor, and Zhenghou Yutong are leading the way in developing innovative air brake solutions. North America and Europe are also expected to experience steady growth in the air brake system market due to the increased use of commercial vehicles and the expansion of the freight transportation sector.
The air brake system market is seeing significant activity from major players. ZF and Navistar entered into a partnership in 2021, with ZF supplying 100 Navistar international trucks with MAXXUS L2.0 air disc brakes. Haldex and the FAST Group collaborated in 2021 to expand their reach in China. Key players are also introducing new and updated products and services to gain a competitive edge.
The market is witnessing advancements in technology, with companies like Mando Corporation introducing ‘x-by-Wire’ technology, which integrates brake-by-wire (BbW) and steer-by-wire (SbW) systems. Meritor, Inc. and Daimler Trucks North America are collaborating to make Meritor EX+ LS air disc brakes standard on Freightliner Cascadia truck models by 2025.
The future of the air brake system market appears promising, with continued growth driven by the increasing demand for heavy-duty vehicles, the rise of high-speed rail, and advancements in technology that enhance safety and efficiency. The focus on innovation and sustainability in the automotive industry will further shape the future of this market.
