Global Railway Braking System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Railway Braking System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Railway Braking System market finds that the global Railway Braking System market reached a value of USD 5335.24 million in 2022. It’s expected that the market will achieve USD 7758.67 million by 2028, exhibiting a CAGR of 6.44% during the forecast period.

Market Opportunities

First, the performance of the braking system is positively affected by many material parameters, such as good abrasion resistance, high strength and heat resistance, and low cost and easy maintenance system components. Second, due to the development of rail vehicle technology, materials, and equipment for braking systems will also be developed to meet the safety requirements required to increase vehicle speed. With the continuous development of technology, in these studies, computer-aided design and analysis studies can be used for optimization. In particular, the use of FEM in the geometry and material selection of brake pads will help reduce production costs. Therefore, for manufacturers, more technology investment is more conducive to product development and upgrade.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are Knorr-Bremse, Wabtec Corporation and Nabtesco Corporation with the revenue market share of 63.06%, 14.99% and 6.46% in 2018.

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking systems for rail and commercial vehicles. The Company provides entrance, windscreen wipers, driver assistance, and power supply systems, as well as platform screen doors and torsional vibration dampers. Knorr-Bremse serves customers worldwide.

Wabtec Corporation of New York manufactures products for locomotives, freight cars, and passenger transit vehicles. The Company provides brake subsystems, electronic train-control equipment, coupling, and door control and air conditioning systems, as well as fleet maintenance, component repair, and upgrade and reconditioning services.

Segmentation Overview:

Among different product types, Pneumatic Brake segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Intercity Trains segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Railway Braking System market covered in Chapter 3:

DAKO-CZ
Knorr-Bremse
Wabtec Corporation
Escorts Limited
Others
CRRC
Nabtesco Corporation
Amsted Rail

In Chapter 4 and Chapter 14.2, on the basis of types, the Railway Braking System market from 2018 to 2029 is primarily split into:

Pneumatic Brake
Electrodynamics Brake
Mechanical Brake
Electromagnetic Brake

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Railway Braking System market from 2018 to 2029 covers:

Metro
Intercity Trains
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)