Air Brake System Market Share

Market Share of Air Brake System Industry

The air brake system market is dominated by several key players, such as Knorr-Bremse AG, Wabtec Corporation, ZF Friedrichshafen AG, Haldex Group, and others. The market is expected to witness significant growth during the forecast period due to the rapid expansion of manufacturing industries and growing strategic development among key players worldwide.

• In December 2023, Kongsberg Automotive's Flow Control Systems business unit secured a three-year contract extension worth over USD 32.58 million. The extension was granted by a European commercial vehicle OEM for FCS Couplings' compressed air systems.
• In June 2023, Knorr-Bremse AG, a leading manufacturer of braking systems, introduced a cutting-edge electromechanical train braking system (EM brake) that utilizes compressed air to apply the brake pads to the brake discs effectively. This advanced system is designed to deliver optimal braking performance and ensure the safety of passengers and freight on trains.

Air Brake System Market Leaders

1. ZF Friedrichshafen AG

2. Haldex Group

3. Nabtesco Corporation

4. Knorr-Bremse AG

5. Wabtec Corporation

*Disclaimer: Major Players sorted in no particular order