Heavy Commercial Vehicle Air Brake Systems Market

 The heavy commercial vehicle air brake systems market size is projected to reach US$ 42.48 billion by 2031 from US$ 21.69 billion in 2023. The market is expected to register a CAGR of 8.8% during 2023–2031. The increase in sales and production of commercial vehicles across the globe is a major factor driving the heavy commercial vehicle air brake systems market growth.

https://www.globenewswire.com/news-release/2025/1/15/3009852/0/en/Heavy-Commercial-Vehicle-Air-Brake-Systems-Market-Size-to-Hit-42-48-Billion-Globally-by-2031-Exclusive-Report-by-The-Insight-Partners.html

Heavy Commercial Vehicle Air Brake Systems Market Analysis

The sales and production of commercial vehicles are witnessing an upsurge trend owing to growing development in the industrial sectors. In the past few years, the increase in commercial vehicle production, particularly in regions such as North America, Europe, and Asia Pacific, has driven the growth of the heavy commercial vehicle air brakes market. The sales of commercial vehicles were 24,226,493 in 2022, which increased to 27,452,301 in 2023. The constantly evolving industrial and manufacturing sectors are driving the demand for heavy commercial vehicles worldwide. The production of commercial vehicles in China was 4,674,258 units in 2021, which declined to 3,184,532 units in 2022. However, the production of commercial vehicles further increased to 4,037,209 units in 2023. The growing industrialization and rising e-commerce sector are fueling the demand for commercial vehicles in China, which is having a positive impact on the production of commercial vehicles in the country. Proper application of the air brake system can help prevent accidents. Many countries, such as India and the US, mandate strict regulations on using air braking systems in all heavy commercial vehicles to boost the safety measures of commercial vehicles. In addition, Federal regulations mandate all commercial truck drivers to be qualified and certified to operate vehicles equipped with air brakes. Failure to comply with these guidelines can result in legal hazards for the driver and their employer. Thus, manufacturers of heavy commercial vehicles need to follow certain guidelines and norms and integrate advanced braking systems to clear the government regulations on heavy commercial vehicles.