The function of automatic slack adjusters is to compensate for brake drum and brake lining wear while providing consistent actuator travel. These slack adjusters prevent brake linings from rubbing by maintaining distance through a cable and spring mechanism. They also help to reduce the play between the brake drum and the brake shoes. When the brake pedal is depressed, air enters the brake chamber, forcing the push rod out and moving the automatic slack adjusters, causing the vehicle to stop.
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What are the challenges facing the Automatic Slack Adjusters Market?
Customers are increasingly inclined to adopt electric vehicles, due to growing concerns about environmental sustainability, rising fuel prices and supportive government policies. For example, according to the International Energy Agency (IEA), around 2.1 million electric cars were sold globally in 2019, showing an exponential growth of 40% year-on-year. This should hamper sales of automatic slack adjusters.
Key segments profiled in the Automatic Slack Adjusters market study
By type of vehicle:
- Particular Cars
- Light commercial vehicles
- Heavy duty vehicles
By technology:
- Manual
- Automatique
By Material:
- wrought iron
- Ductile iron
- Others
By installation position:
- Front axle
- Rear axle
- Front and rear axle
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By sales channel:
- Original Equipment Manufacturers (OEMs)
- Secondary market
By distribution channel:
- On line
- Offline
By region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Market competition
Some of the key players in the automatic slack adjuster market are Haldex Brake Products Corp., WABCO INDIA LIMITED, Bendix Spicer Foundation Brake LLC., Accuride Wheel End Solutions, BPW Limited, Ferdinand Bilstein GmbH, Superior Industrial Frictions Ltd., STEMCO Products Inc . ., TSE Brakes Inc., Meritor, Inc. and others.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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