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

Global Railway Friction Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 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.

Market Overview:

The latest research study on the global Railway Friction Material market finds that the global Railway Friction Material market reached a value of USD 674.86 million in 2022. It’s expected that the market will achieve USD 766.29 million by 2028, exhibiting a CAGR of 2.14% during the forecast period.

Opportunities and Drivers

With the development of the times, environmental problems have become increasingly severe, and the demand for high-speed railways in all countries in the world is increasing. Because high-speed rail has many advantages such as large transmission capacity, high speed, good safety, low impact from climate change, low energy consumption, and light environmental impact, the high-speed rail industry has developed rapidly in recent years. As of April 2017, the total mileage of high-speed railways in operation and under construction in Asia was 41,253 kilometers, and the total mileage of high-speed railways in operation and under construction in Europe was 10,946 kilometers. The United States, Russia, Brazil and other countries have also formulated high-speed railway development plans. Therefore, during the forecast period, the development of the high-speed railway market will become an important driving force for the development of the railway friction material market.

Technological innovation plays an important role in promoting the market growth. In order to remain competitive in a highly competitive market, suppliers should develop new ideas and technologies and keep up with the latest technologies.

As an important part of transportation and industry, railway friction materials are an important guarantee for the normal and safe operation of railways. But usually under the conditions of high temperature, braking pressure or initial braking speed, the friction coefficient tends to be quite low, so the wear rate will increase rapidly. Therefore, ensuring that the friction material can withstand high wear at high temperatures will effectively increase the service life of the product, which will bring opportunities for market development.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Knorr-Bremse, Beijing Tianyishangjia New Material Corp, Akebono with the revenue market share of 23.85%, 11.69% and 11.64% in 2019.

Knorr-Bremse Group, headquartered in Munich, Germany, is the world's leading manufacturer of brake systems for railway vehicles and commercial vehicles. The company has always been a leader in the development, production, sales and maintenance of modern brake control systems.

Beijing Tianyi Shangjia New Material Co., Ltd. is a high-tech enterprise specializing in the research and development, production and sales of brake pads and brake pads for high-speed trains, EMUs, locomotives, and urban rail transit vehicles.

Segmentation Overview:

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

Application Overview:

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

Key Companies in the global Railway Friction Material market covered in Chapter 3:

Corp
Bremskerl
Rane Group
Wabtec Corporation
Beijing Puran Railway Braking HighTech Co.,Ltd
Knorr-Bremse
Akebono
Tribo
Escorts Railway Division
MASU
Miba
Carlisle
TOKAI Carbon
Beijing Tianyishangjia New Material
FLERTEX

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

Brake Blocks
Brake Pads
Brake Shoes
Others

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

Train
EMU
High-speed Rail
Others

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)