"Market Intelligence for High-Geared Performance"

Automotive Slack Adjuster Market Size, Share & Industry Analysis, By Type (Manual Slack Adjuster, Automatic Slack Adjuster), By Application Type (Bus, Truck, Others) And Regional Forecast, 2024-2032

Last Updated : April 01, 2024 | Report ID: FBI105088 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive slack adjuster is a significant part of the foundation brake of the vehicle that helps maintain a proper distance between the brake shoes and the surface of the brake drums. It acts as a lever that connects the camshaft and the actuator. This device is usually used in commercial vehicles having air brakes with camshaft. They transmit the braking torque to the camshaft and adjust the gap created between the brake lining and the brake drum which is generated by the wearing of the brake linings. The slack adjuster can be adjusted either manually or automatically. Both the slack adjusters perform the same function unlike the automatic slack adjuster automatically adjusts for brake lining wear and the manual slack adjuster requires a periodic manual adjustment. These adjusters are gaining high traction and are becoming a set standard for the automotive industry as they provide high reliability and consistent operation. This lowers the downtime and operating costs thus increasing the profit ratio.  


Key Market Driver -

Rise in the demand for advanced braking systems and increase in the sales and production of vehicles are expected to drive the growth of market in the forecast period.

Key Market Restraint -

High cost associated with advanced braking system may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the automotive slack adjuster market is segmented by type, by application type, and by geographic coverage. The slack adjuster type is further segmented into manual slack adjuster and automatic slack adjuster. The automatic slack adjuster holds the major share in the global market. The automatic slack adjuster automatically adjusts the brake shoe where the lining of the brakes has worn out so that the brake shoes maintains an appropriate distance from the surface of the brake drums. Owing to the advantages of automatic slack adjuster, many countries are imposing regulations to promote their application in vehicles. Thus, the automatic slack adjuster market is expected to grow faster as compared to manual slack adjusters. The application type is further segmented into bus, truck and others. The automotive slack adjusters are generally applied to commercial vehicles having air brakes. Trucks and buses consists of air brakes and thus use of slack adjusters are maximum in these vehicles. Asia Pacific and North America are the major regions having high number of buses and trucks. Therefore, the slack adjuster market is expected to boost rapidly in these regions.        

Key Players:


Major players operating in the global automotive slack adjuster market include Knorr-Bremse AG, ACCURIDE INTERNATIONAL INC., Aydınsan, Meritor, Inc., Longzhong Holding Group Co.,LTD, Ferdinand Bilstein GmbH, and WABCO among others.

Key Insights



  • New Advancements in automotive slack adjuster

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Player


Regional Analysis:


Geographically, the automotive slack adjuster market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific holds the largest share in the global automotive slack adjuster market owing to the high growth rate of automobile production coupled with the rapid development in the automotive industry. Developing as well as developed countries such as India, China, Japan, and South Korea are the major contributors in the adoption of slack adjusters owing to the high sales and production of vehicles. Moreover, the high demographic growth, expansion of the industrial sector as well as rise in the purchasing power are the primary factors for the growth in the number of vehicles in this region. Therefore, the rise in the demand for slack adjusters is directly proportional to the high sales of vehicles in this region. North America holds the second largest share in the global market owing to the high share in the commercial vehicle market in terms of volume.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTES    

 DETAILS    

By Type



  • Manual Slack Adjuster

  • Automatic Slack Adjuster



By Application Type



  • Bus

  • Truck

  • Others



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



 





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Toshiba
GM
KIA
Hyundai
Hitachi

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X