Global Air Disc Brake System Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.45% during the forecast period that is 2017-2025. The Europe held the largest market share in the year 2017 with 80% of the trucks already using air disc brakes. The key factor that aided in quick adoption of air disc brakes in Europe was, each tractor producer produced and designed their own variants of drum brake which accounted for non-standardization of trailer axel sizes, thus increasing the price margin between products of different vendors.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

In the recent years, the adoption ratio of air disc brakes has observed significant growth. Truck OEMs have started making air disc brakes customary equipment. Navistar International, Freightliner, Peterbilt and Kenworth are among the key manufacturers who have taken the initiation of installing ADBs as standard on Class 8 models of trucks. These manufacturers have announced that they will be offering air disc brake’s as standard on all the upcoming vehicles. The basic difference between drum brakes and air disc brakes is simple: Drum brakes costs less when compared to air disc brakes, however disc brakes offer better performance, comprising improved stopping distance, and maintenance required is also less.  In a study conducted by our experts it is anticipated that the growth rate of air disc brakes is around 16% to 25% for heavy-weight tractors.

Market Dynamics

The growing demand for high road safety for the heavy vehicles, is the key driving factor for air disc brake market. The air disc break has greater braking performance over the poor road circumstances. High standards break system also lead to lower maintenance and braking distance is approximately decreased by 40% when compared to drum brake systems are the additional key driving factors for air disc brake system. Lack of awareness and high cost are the major factors that are anticipated to hamper the market growth in near future. Air disc brake system is comparatively lighter in weight and strong build quality with superior braking performance are the key growth opportunity factors that are predicted to create new opportunities for this market.

Segment Analysis

The Air Disc Brake market has been categorized into piston type, application and geography. On the basis of piston type the market is segmented into single piston and dual piston. Based on applications the air disc brake market is divided into heavy, medium & light duty trucks, trailers, buses and off-highway vehicles. Among piston type segment single type pistons is anticipated to lead the market over the forecast period, as the single piston air disc brakes are much lighter, more cost effective than dual piston air disc brakes.

Region Analysis

The Europe held the largest market share in the year 2017 with 80% of the trucks already using air disc brakes. The key factor that aided in quick adoption of air disc brakes in Europe was, each tractor producer produced and designed their own variants of drum brake which accounted for non-standardization of trailer axel sizes, thus increasing the price margin between products of different vendors. However, in North America there are few drum break manufacturers who compete among themselves – such as Dana and Meritor.  However, the lack of standardization for the brakes for tractors in Europe be likely to result in greater component cost for the drum brake and the hardware associated with it. Consequently, the adoption of air disc brake system was not a great hurdle as it is in the U.S. market. Asia-pacific market is anticipated to hold the largest market share over the forecast period. The growing demand from the developing nations such as India, China and Japan are anticipated to drive the Asia-pacific market. For instance, TATA motors the largest supplier of commercial vehicles in India has collaborated with Wabco in order to develop air disc brake systems.               

Global Air Disc Brake System Market Size, Share Analysis By Region 2017

Global Air Disc Brake System Market Study Objective

1. To forecast the market size of air disc brake system market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of air disc brake system market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of air disc brake system market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of air disc brake system market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the air disc brake system market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8 .To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of air disc brake system market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of air disc brake system market commercially.

Competitive Landscape

The key players in Air Disc Brake market are Wabco, Meritor, Bendix Spicer, Hendrickson L.L.C., Haldex traction AB among other key players. WABCO Holdings Inc. one of the global leaders and supplier of technologies which improves the efficiency, safety and connectivity of commercial vehicles, announced about development of its manufacturing sector in North America which would help them to penetrate the growing market for air disc brakes in the region.

Global Air Disc Brake System Market Study Report Offer You!

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