Global Railway Friction Material Market Growth 2023-2029

Global Railway Friction Material Market Growth 2023-2029

Friction materials—also known as brake materials and clutch materials—are used to induce friction in situations where slow or decreased movement is necessary. Friction is the resistance to relative motion that opposes an object's direction of movement.
LPI (LP Information)' newest research report, the “Railway Friction Material Industry Forecast” looks at past sales and reviews total world Railway Friction Material sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Friction Material sales for 2023 through 2029. With Railway Friction Material sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Friction Material industry.
This Insight Report provides a comprehensive analysis of the global Railway Friction Material 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 Friction Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Friction Material market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Friction Material 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 Friction Material.
The global Railway Friction Material market size is projected to grow from US$ 2109.7 million in 2022 to US$ 2782.8 million in 2029; it is expected to grow at a CAGR of 2782.8 from 2023 to 2029.
Global core railway friction material manufacturers include Knorr-Bremse, Wabtec Corporation etc.The top 2 companies hold a share about 70%. China is the largest market, with a share about 35%, followed by Europe and North America with the share about 18% and 10%.In terms of product, powder metallurgy brake pads is the largest segment, with a share over 50%. And in terms of application, the largest application is freight wagons, followed by passenger wagons.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Friction Material market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Brake Blocks
Brake Pads
Brake Shoes
Others
Segmentation by application
Freight Wagons
High Speed Rail
Passenger Wagons
Locomotive
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
Bremskerl
Akebono
FLERTEX
Tribo
Escorts Railway Division
EBC Brakes Group
TOKAI Carbon
Rane Group
Miba
MASU
Beijing Tianyishangjia New Material Corp
Beijing Puran Railway Braking High-Tech
CRRC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Railway Friction Material market?
What factors are driving Railway Friction Material market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Railway Friction Material market opportunities vary by end market size?
How does Railway Friction Material 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.