Global Rail Vehicle Braking System Market Growth (Status and Outlook) 2024-2030

Global Rail Vehicle Braking System Market Growth (Status and Outlook) 2024-2030

There are many ways to brake rail vehicles, including traditional pneumatic and hydraulic braking systems, and new electromagnetic braking systems.

In traditional pneumatic or hydraulic braking systems, air (or hydraulic oil) media is used to generate and transmit braking signals and braking forces.

The electromagnetic braking system consists of brake magnets, pole shoes, suspension devices, power transmission devices, and rail rods for mainline railways. When current flows through the magnetic coil, the magnet is attracted to the track, pressing the pole shoes against the track, thereby slowing the vehicle down.

The global Rail Vehicle Braking System market size is projected to grow from US$ 1101 million in 2024 to US$ 1363 million in 2030; it is expected to grow at a CAGR of 3.6% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Rail Vehicle Braking System Industry Forecast” looks at past sales and reviews total world Rail Vehicle Braking System sales in 2022, providing a comprehensive analysis by region and market sector of projected Rail Vehicle Braking System sales for 2023 through 2029. With Rail Vehicle Braking System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rail Vehicle Braking System industry.

This Insight Report provides a comprehensive analysis of the global Rail Vehicle Braking System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Rail Vehicle Braking System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rail Vehicle Braking System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rail Vehicle Braking System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rail Vehicle Braking System.

Population growth and increasing demand for transportation across the globe. Growing interest in travel, especially in metros, high-speed trains, and fast trains, will influence the growth of the market.

The market is constantly changing, and the following points are worth noting:

Market:

Technological advancements in rail vehicles, bullet trains, and other fast trains require efficient braking systems to control the speed of long trains, thereby driving market growth.

Increasing investments by governments in railway construction have boosted the development of the train electromechanical brake industry. Currently, governments around the world are investing huge budgets to improve existing railway infrastructure. Countries such as India, China, the Philippines, and Thailand are investing a lot of money to strengthen railways.

Regional Analysis:

Asia Pacific is expected to dominate the railway brake system market, which can be attributed to the growing population in the region, which requires transportation in countries such as India, China, leading to a growing demand for metro trains.

Latest Highlights:

In October 2023, Siemens Brakes launched a new airless brake system.

This report presents a comprehensive overview, market shares, and growth opportunities of Rail Vehicle Braking System market by product type, application, key players and key regions and countries.

Segmentation by Type:
Pneumatic Braking System
Hydraulic Braking System
Electromagnetic Braking System

Segmentation by Application:
Train
Subway

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Pneumatic Braking System
Hydraulic Braking System
Electromagnetic Braking System

Segmentation by Application:
Train
Subway

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DAKO-CZ
Knorr-Bremse Group
HANNING & KAHL
Wabtec
Schwarzer-Bremse
Siemens
Frenoplast
Icer Rail
Akebono Brake Industry
Nabtesco Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.