Global Railway Brake Pads Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Railway Brake Pads Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Railway brake pads are an integral part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc in order to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses high co-efficient of friction. Increase in demand for efficient braking during high speeds has led to the expansion of brake pad market.

According to our (Global Info Research) latest study, the global Railway Brake Pads market size was valued at US$ 1439 million in 2023 and is forecast to a readjusted size of USD 1939 million by 2030 with a CAGR of 4.4% during review period.

Regional perspective, Europe and China play important roles in production of railway brake pads. In 2019, they produced 65% of the global total production totally. Key players include Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, Akebono Brake Industry, Bremskerl, Tribo, Puran Railway Braking, CRRC Qishuyan Institute, Escorts Group, Flertex, Frimatrail Frenoplast, Railway Star Fortune High-Tech, Masu Brakes, Huatie Tongda, Youcaitec Material; the revenue of top five manufacturers accounts about 85% of the total revenue in 2019.

As of 2019, composite brake pads segment dominates the market contributing more than 70% of the total consumption, while powder metallurgy brake pads seeding fast as a result of most adoption in high speed railway. railway brake pads are major applied in freight wagons, passenger wagons, high speed rail, locomotive, subway/light rail, in 2019, demand for a freight wagons occupied the largest market, with 50% market share.

This report is a detailed and comprehensive analysis for global Railway Brake Pads market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Railway Brake Pads market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Railway Brake Pads market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Railway Brake Pads market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Railway Brake Pads market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Railway Brake Pads

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Railway Brake Pads market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, Akebono Brake Industry, Bremskerl, Tribo, Puran Railway Braking, CRRC Qishuyan Institute, Escorts Group, Flertex, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Railway Brake Pads market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Composite Brake Pads
Powder Metallurgy Brake Pads

Market segment by Application
Freight Wagons
Passenger Wagons
High Speed Rail
Locomotive
Subway/Light Rail

Major players covered
Knorr-Bremse
Wabtec Corporation
Tianyishangjia New Material
Akebono Brake Industry
Bremskerl
Tribo
Puran Railway Braking
CRRC Qishuyan Institute
Escorts Group
Flertex
Frimatrail Frenoplast
Railway Star Fortune High-Tech
Masu Brakes
Huatie Tongda
Youcaitec Material

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Railway Brake Pads product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Railway Brake Pads, with price, sales quantity, revenue, and global market share of Railway Brake Pads from 2019 to 2024.

Chapter 3, the Railway Brake Pads competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Railway Brake Pads breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Railway Brake Pads market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Railway Brake Pads.

Chapter 14 and 15, to describe Railway Brake Pads sales channel, distributors, customers, research findings and conclusion.