Air Brake System Market Analysis

Vehicle Type (Bus, Truck, Rolling Stock)

The global air brake system market is segmented and analyzed for demand and supply by vehicle type into bus, truck, and rolling stock. Out of the three types of vehicles using air brake system, the bus segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the increasing deployment of buses. Under Phase II of the FAME India Scheme, the government of India deployed 2435 e-buses across various states and union territories. Moreover, as of September 2022, in the United States, around 1,200 electric school buses were either on order, delivered, or in service. In total, the United States now has around 13,000 committed electric school buses. The compressed air braking system is a sort of friction brake used on large vehicles such as buses. Given that buses are so enormous, they require a lot of effort to stop. With a hydraulic system, the driver must use more force on the brake pedal to bring the bus to a complete stop.

Type (Disc, Drum)

The global air brake system market is also segmented and analyzed for demand and supply by type into disc, and drum. Amongst these two types of air brakes system, the disc segment is expected to garner a significant share in the year 2037.  In comparison with drum brakes, the automobile industry has embraced the new-age disc brakes in the braking system of cars. When opposed to drum brakes, disc brakes have more complex mechanics and more components. Moreover, automotive disc brake have a number of advantages over traditional drum brakes, which is why at least all mid-size sedans, sport utility vehicles (SUVs), and automobiles have disc brakes all around. The growth of the segment is primarily attributed to the growing sales of SUVs. Despite supply chain challenges and rising inflation, global SUV sales climbed by roughly 3% between 2021 and 2022. Moreover, SUV attributed to nearly 46% of global car sales in 2022, with the maximum growth marked in India, Europe, and United States.

Our in-depth analysis of the global market includes the following segments: