Global Railway Brake Pads Market Growth 2023-2029

Global Railway Brake Pads Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Railway Brake Pads Industry Forecast” looks at past sales and reviews total world Railway Brake Pads sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Brake Pads sales for 2023 through 2029. With Railway Brake Pads sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Brake Pads industry.
This Insight Report provides a comprehensive analysis of the global Railway Brake Pads landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Railway Brake Pads portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Brake Pads market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Brake Pads 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 Railway Brake Pads.
The global Railway Brake Pads market size is projected to grow from US$ 1304.8 million in 2022 to US$ 1795.7 million in 2029; it is expected to grow at a CAGR of 1795.7 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Railway Brake Pads market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Composite Brake Pads
Powder Metallurgy Brake Pads
Segmentation by application
Freight Wagons
Passenger Wagons
High Speed Rail
Locomotive
Subway/Light Rail
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.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Railway Brake Pads market?
What factors are driving Railway Brake Pads market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Railway Brake Pads market opportunities vary by end market size?
How does Railway Brake Pads break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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