The Latin America, Middle East and Africa Air Brake System Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030).
Because of the effectiveness and dependability of air brake systems, the market is primarily driven by their broad use. These systems are simple to detach and reattach and continue to function even in the event of an air leak. A favourable outlook for the market is being created by their expanding demand due to growing automobile safety concerns. A further factor driving the market expansion is the advent of lightweight air brake systems for trailer and line haul applications that require fewer parts, offer more ground clearance, safety from road debris, and are more efficient.
Additionally, manufacturers are creating new and sophisticated parts that work well in high-speed trains and railways while guaranteeing safety and retaining vehicle control. In turn, this is accelerating the market's expansion globally. In the upcoming years, the market is expected to be driven by several additional factors, such as the implementation of numerous government initiatives to encourage the use of brake systems in heavy vehicles, an increase in the manufacturing and growth of high-speed trains, and extensive research and development (R&D) activities.
The huge infrastructure and planned housing projects in the UAE will cause the commercial vehicle industry to keep expanding. Contrary to heavy retail vehicle sales, which will continue to be supported by significant infrastructure and other growth initiatives, light commercial vehicle sales ought to keep climbing due to more outstanding businesses and investments associated with increased migration from adjacent nations. Additionally, the UAE's rising tourism and hospitality sectors, as well as the growing demand for use by construction workers, will all contribute to the need for buses and minibuses continuing to climb favourably. As an essential part of vehicles, air brake systems would see increased demand in the region and rising demand for automobiles.
The Brazil market dominated the LAMEA Air Brake System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $72.6 million by 2030. The Argentina market is showcasing a CAGR of 4.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 3.9% during (2023 - 2030).
Based on Vehicle Type, the market is segmented into Heavy Duty Trucks, Rigid Body Trucks, Semi Trailer Tractor, and Bus. Based on Brake Type, the market is segmented into Drum Air Brake, and Disc Air Brake. Based on Application, the market is segmented into Brake Chamber, Compressor, Governor, Air Dryer, Foot Valve, Storage Tank, and Slack Adjuster. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Air Brake System Market is Projected to reach USD 3.7 Billion by 2030, at a CAGR of 2.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Knorr-Bremse AG, Haldex AB, Meritor, Inc. (Cummins, Inc.), ZF Friedrichshafen AG, Wabtec Corporation, Nabtesco Corporation, TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.), SORL Auto Parts Inc. (Ruili Group Ruian Auto Parts Co., Ltd.) and Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited).
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Heavy Duty Trucks
- Rigid Body Trucks
- Semi Trailer Tractor
- Bus
By Brake Type
- Drum Air Brake
- Disc Air Brake
By Application
- Brake Chamber
- Compressor
- Governor
- Air Dryer
- Foot Valve
- Storage Tank
- Slack Adjuster
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Knorr-Bremse AG
- Haldex AB
- Meritor, Inc. (Cummins, Inc.)
- ZF Friedrichshafen AG
- Wabtec Corporation
- Nabtesco Corporation
- TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.)
- SORL Auto Parts Inc. (Ruili Group Ruian Auto Parts Co., Ltd.)
- Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Air Brake System Market, by Vehicle Type
1.4.2 LAMEA Air Brake System Market, by Brake Type
1.4.3 LAMEA Air Brake System Market, by Application
1.4.4 LAMEA Air Brake System Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Air Brake System Market
4.3 Porter’s Five Forces Analysis
Chapter 5. LAMEA Air Brake System Market by Vehicle Type
5.1 LAMEA Heavy Duty Trucks Market by Country
5.2 LAMEA Rigid Body Trucks Market by Country
5.3 LAMEA Semi Trailer Tractor Market by Country
5.4 LAMEA Bus Market by Country
Chapter 6. LAMEA Air Brake System Market by Brake Type
6.1 LAMEA Drum Air Brake Market by Country
6.2 LAMEA Disc Air Brake Market by Country
Chapter 7. LAMEA Air Brake System Market by Application
7.1 LAMEA Brake Chamber Market by Country
7.2 LAMEA Compressor Market by Country
7.3 LAMEA Governor Market by Country
7.4 LAMEA Air Dryer Market by Country
7.5 LAMEA Foot Valve Market by Country
7.6 LAMEA Storage Tank Market by Country
7.7 LAMEA Slack Adjuster Market by Country
Chapter 8. LAMEA Air Brake System Market by Country
8.1 Brazil Air Brake System Market
8.1.1 Brazil Air Brake System Market by Vehicle Type
8.1.2 Brazil Air Brake System Market by Brake Type
8.1.3 Brazil Air Brake System Market by Application
8.2 Argentina Air Brake System Market
8.2.1 Argentina Air Brake System Market by Vehicle Type
8.2.2 Argentina Air Brake System Market by Brake Type
8.2.3 Argentina Air Brake System Market by Application
8.3 UAE Air Brake System Market
8.3.1 UAE Air Brake System Market by Vehicle Type
8.3.2 UAE Air Brake System Market by Brake Type
8.3.3 UAE Air Brake System Market by Application
8.4 Saudi Arabia Air Brake System Market
8.4.1 Saudi Arabia Air Brake System Market by Vehicle Type
8.4.2 Saudi Arabia Air Brake System Market by Brake Type
8.4.3 Saudi Arabia Air Brake System Market by Application
8.5 South Africa Air Brake System Market
8.5.1 South Africa Air Brake System Market by Vehicle Type
8.5.2 South Africa Air Brake System Market by Brake Type
8.5.3 South Africa Air Brake System Market by Application
8.6 Nigeria Air Brake System Market
8.6.1 Nigeria Air Brake System Market by Vehicle Type
8.6.2 Nigeria Air Brake System Market by Brake Type
8.6.3 Nigeria Air Brake System Market by Application
8.7 Rest of LAMEA Air Brake System Market
8.7.1 Rest of LAMEA Air Brake System Market by Vehicle Type
8.7.2 Rest of LAMEA Air Brake System Market by Brake Type
8.7.3 Rest of LAMEA Air Brake System Market by Application
Chapter 9. Company Profiles
9.1 Knorr-Bremse AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Haldex AB
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Customer Segment and Regional Analysis
9.2.4 Product Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Meritor, Inc. (Cummins, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 ZF Friedrichshafen AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Wabtec Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 SWOT Analysis
9.6 Nabtesco Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 TSE Brakes Inc. (Marmon Holdings, Inc.) (Berkshire Hathaway Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.8 SORL Auto Parts, Inc. (Ruili Group Ruian Auto Parts Co., Ltd.)
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Brakes India Private Limited (TVS Group) (T V Sundram Iyengar & Sons Limited)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.3 SWOT Analysis
TABLE 1 LAMEA Air Brake System Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Air Brake System Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Heavy Duty Trucks Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Heavy Duty Trucks Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Rigid Body Trucks Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Rigid Body Trucks Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Semi Trailer Tractor Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Semi Trailer Tractor Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Bus Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Bus Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 14 LAMEA Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 15 LAMEA Drum Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Drum Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Disc Air Brake Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Disc Air Brake Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 20 LAMEA Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 21 LAMEA Brake Chamber Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Brake Chamber Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Compressor Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Compressor Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Governor Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Governor Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Air Dryer Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Air Dryer Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Foot Valve Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Foot Valve Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Storage Tank Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Storage Tank Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Slack Adjuster Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Slack Adjuster Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Air Brake System Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Air Brake System Market by Country, 2023 - 2030, USD Million
TABLE 37 Brazil Air Brake System Market, 2019 - 2022, USD Million
TABLE 38 Brazil Air Brake System Market, 2023 - 2030, USD Million
TABLE 39 Brazil Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 Brazil Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 Brazil Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 42 Brazil Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 43 Brazil Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 44 Brazil Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 45 Argentina Air Brake System Market, 2019 - 2022, USD Million
TABLE 46 Argentina Air Brake System Market, 2023 - 2030, USD Million
TABLE 47 Argentina Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 48 Argentina Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 49 Argentina Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 50 Argentina Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 51 Argentina Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 52 Argentina Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 53 UAE Air Brake System Market, 2019 - 2022, USD Million
TABLE 54 UAE Air Brake System Market, 2023 - 2030, USD Million
TABLE 55 UAE Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 56 UAE Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 57 UAE Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 58 UAE Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 59 UAE Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 60 UAE Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 61 Saudi Arabia Air Brake System Market, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Air Brake System Market, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 69 South Africa Air Brake System Market, 2019 - 2022, USD Million
TABLE 70 South Africa Air Brake System Market, 2023 - 2030, USD Million
TABLE 71 South Africa Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 South Africa Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 73 South Africa Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 74 South Africa Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 75 South Africa Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 76 South Africa Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 77 Nigeria Air Brake System Market, 2019 - 2022, USD Million
TABLE 78 Nigeria Air Brake System Market, 2023 - 2030, USD Million
TABLE 79 Nigeria Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 80 Nigeria Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 81 Nigeria Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 82 Nigeria Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 83 Nigeria Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 84 Nigeria Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of LAMEA Air Brake System Market, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Air Brake System Market, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Air Brake System Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA Air Brake System Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Air Brake System Market by Brake Type, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Air Brake System Market by Brake Type, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Air Brake System Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Air Brake System Market by Application, 2023 - 2030, USD Million
TABLE 93 Key Information – Knorr-Bremse AG
TABLE 94 Key Information – Haldex AB
TABLE 95 Key Information – Meritor, Inc.
TABLE 96 Key Information – ZF Friedrichshafen AG
TABLE 97 Key information – Wabtec Corporation
TABLE 98 Key Information – Nabtesco Corporation
TABLE 99 Key Information – TSE Brakes Inc.
TABLE 100 Key Information – Sorl Auto Parts, Inc.
TABLE 101 Key Information – Brakes India Private Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Air Brake System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Air Brake System Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis - Air Brake System Market
FIG 6 LAMEA Air Brake System Market share by Vehicle Type, 2022
FIG 7 LAMEA Air Brake System Market share by Vehicle Type, 2030
FIG 8 LAMEA Air Brake System Market by Vehicle Type, 2019 - 2030, USD Million
FIG 9 LAMEA Air Brake System Market share by Brake Type, 2022
FIG 10 LAMEA Air Brake System Market share by Brake Type, 2030
FIG 11 LAMEA Air Brake System Market by Brake Type, 2019 - 2030, USD Million
FIG 12 LAMEA Air Brake System Market share by Application, 2022
FIG 13 LAMEA Air Brake System Market share by Application, 2030
FIG 14 LAMEA Air Brake System Market by Application, 2019 - 2030, USD Million
FIG 15 LAMEA Air Brake System Market share by Country, 2022
FIG 16 LAMEA Air Brake System Market share by Country, 2030
FIG 17 LAMEA Air Brake System Market by Country, 2019 - 2030, USD Million
FIG 18 Swot Analysis: Knorr-Bremse AG
FIG 19 Swot Analysis: Haldex AB
FIG 20 Swot Analysis: Meritor, Inc.
FIG 21 Recent strategies and developments: ZF Friedrichshafen AG
FIG 22 Swot Analysis: ZF Friedrichshafen AG
FIG 23 Swot Analysis: Wabtec Corporation
FIG 24 Swot Analysis: Nabtesco Corporation
FIG 25 Swot Analysis: Sorl Auto Parts, Inc.
FIG 26 Swot Analysis: Brakes India Private Limited