The automotive slack adjuster market is forecasted to grow by USD 715.6 mn during 2023-2028, accelerating at a CAGR of 6.72% during the forecast period. The report on the automotive slack adjuster market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising emphasis on road safety and need to reduce accidents, increase in production and sales of commercial vehicles globally, and rise in demand for advanced braking systems.
Technavio's automotive slack adjuster market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.76%
CAGR
6.72%
Incremental Value
$715.6 mn
By Type
Automatic slack adjuster
Manual slack adjuster
By Vehicle Type
Heavy commercial vehicles
Light commercial vehicles
Passenger cars
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the integration of advanced safety technologies in passenger vehicles to gain higher safety ratings as one of the prime reasons driving the automotive slack adjuster market growth during the next few years. Also, increasing demand for logistics by roadways and rising technological innovation in automotive industry will lead to sizable demand in the market.
The report on the automotive slack adjuster market covers the following areas:
Automotive slack adjuster market sizing
Automotive slack adjuster market forecast
Automotive slack adjuster market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive slack adjuster market vendors that include Accuride Corp., Alon Automotive SL, Aydinsan, Cummins Inc., Enpro Inc., Ferdinand Bilstein GmbH Co. KG, Knorr-Bremse AG, Longzhong Holding Group Co. Ltd., MarkLines Co Ltd., MEI Brakes Ltd., Ningbo Heli Brake Systems Co Ltd., SAF HOLLAND SE, TSE Brakes Inc., WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., ZF Friedrichshafen AG, Zhejiang Aodi Machinery Manufacturing Co., Ltd., ZHEJIANG ROADAGE MACHINERY CO. LTD., and Zhejiang VOB Technology Co Ltd.. Also, the automotive slack adjuster market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Automotive Slack Adjuster Market 2018 - 2022
Historic Market Size - Data Table on Global Automotive Slack Adjuster Market 2018 - 2022 ($ million)