Market Overview:
The global brake pads for railway market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for high-speed trains and rising concerns over safety. Non-asbestos organic brake pads are expected to account for a major share of the global brake pads for railway market during the forecast period. This can be attributed to their low wear rate and superior performance as compared with other types of brake pads. Ceramic brake pads are also anticipated to witness significant growth during the forecast period, owing to their properties such as heat resistance and low noise levels. Passenger wagons are expected to account for a majority share of the global brake pads for railway market in 2018. This can be attributedtothe growing demand from passenger transportation sector across the globe.
Product Definition:
A brake pad is a device used to create friction between two objects. It is most commonly used on railway rolling stock and automobiles. The purpose of a brake pad is to stop or slow the object it is attached to by converting kinetic energy into thermal energy.
Non-asbestos Organic:
Non-asbestos organic is a type of brake pads which are used in railway vehicles such as locomotives and railcars. These products do not contain any asbestos fibers, hence they are non-toxic in nature. The growth factor for these products is the growing demand from developed countries to replace the asbestos based products due to health hazards associated with it.
Ceramic:
The global market for ceramic and its usage in brake pads for railway is expected to witness significant growth over the forecast period. Ceramic is a crystalline solid material, which has high thermal and electrical conductivity. It can be used as an alternative to metals or alloys in various applications due to its lightweight, non-magnetic properties, corrosion resistance and high strength.
Application Insights:
Passenger wagons were the largest application segment and accounted for a revenue share of over 60% in 2017. The growing demand for passenger cars as a result of rapid urbanization, rising disposable income, and increasing per capita income is expected to have a positive impact on the industry growth.
The freight wagons segment is projected to witness significant growth over the forecast period owing to an increase in industrial production coupled with rise in mining activities across various regions worldwide. Moreover, high demand from mining sites due to low maintenance cost along with ease of transportation is anticipated to propel industry expansion over the coming years.
High-speed rail (HSR) application was one among several others segments that accounted for less market share but significant revenue share as compared to other segments in 2017 owingto its higher penetration rate within China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of prominent railway operators such as China Railway, Japan Rail, and Korea Rail among others is anticipated to drive regional growth. In addition, increasing investments in metro rail infrastructure projects by government bodies such as Beijing’s Urban Rail Transit Co., Ltd.; Shanghai's Metro Corporation Limited; Guangzhou's Mass Transit Authority; Hong Kong Tramways Board; and others are expected to fuel product demand over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to growing passenger traffic on railways coupled with technological advancements associated with braking systems on trains. Increasing adoption of electric multiple units (EMUs) that incorporate advanced safety features including anti-lock braking system (ABS) will further augment industry growth over the coming years.
Growth Factors:
- Increasing demand for railway transportation
- Growing population and rising income levels in developing countries
- Proliferation of high-speed railways networks across the globe
- Stringent safety norms and regulations for railway transportation systems
- Technological advancements in brake pad manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Brake Pads for Railway Market Research Report
By Type
Non-asbestos Organic, Ceramic, Semi-metallic, Others
By Application
Passenger Wagons, Freight Wagons, High Speed Rail, Subway/Light Rail, Others
By Companies
Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, Akebono Brake Industry, Bremskerl, Tribo, Puran Railway Braking, CRRC Qishuyan Institute, Escorts Group, Flertex, Knorr-Bremse, Railway Star Fortune High-Tech, Masu Brakes, Huatie Tongda, Youcaitec Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Brake Pads for Railway Market Report Segments:
The global Brake Pads for Railway market is segmented on the basis of:
Types
Non-asbestos Organic, Ceramic, Semi-metallic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Wagons, Freight Wagons, High Speed Rail, Subway/Light Rail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Knorr-Bremse
- Wabtec Corporation
- Tianyishangjia New Material
- Akebono Brake Industry
- Bremskerl
- Tribo
- Puran Railway Braking
- CRRC Qishuyan Institute
- Escorts Group
- Flertex
- Knorr-Bremse
- Railway Star Fortune High-Tech
- Masu Brakes
- Huatie Tongda
- Youcaitec Material
Highlights of The Brake Pads for Railway Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-asbestos Organic
- Ceramic
- Semi-metallic
- Others
- By Application:
- Passenger Wagons
- Freight Wagons
- High Speed Rail
- Subway/Light Rail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Brake Pads for Railway Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Brake pads are used on railway tracks to stop trains.
Some of the major companies in the brake pads for railway market are Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, Akebono Brake Industry, Bremskerl, Tribo, Puran Railway Braking, CRRC Qishuyan Institute, Escorts Group, Flertex, Knorr-Bremse, Railway Star Fortune High-Tech, Masu Brakes, Huatie Tongda, Youcaitec Material.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brake Pads for Railway Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brake Pads for Railway Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brake Pads for Railway Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brake Pads for Railway Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brake Pads for Railway Market Size & Forecast, 2018-2028
4.5.1 Brake Pads for Railway Market Size and Y-o-Y Growth
4.5.2 Brake Pads for Railway Market Absolute $ Opportunity
Chapter 5 Global Brake Pads for Railway Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Brake Pads for Railway Market Size Forecast by Type
5.2.1 Non-asbestos Organic
5.2.2 Ceramic
5.2.3 Semi-metallic
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Brake Pads for Railway Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Brake Pads for Railway Market Size Forecast by Applications
6.2.1 Passenger Wagons
6.2.2 Freight Wagons
6.2.3 High Speed Rail
6.2.4 Subway/Light Rail
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brake Pads for Railway Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brake Pads for Railway Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Brake Pads for Railway Analysis and Forecast
9.1 Introduction
9.2 North America Brake Pads for Railway Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Brake Pads for Railway Market Size Forecast by Type
9.6.1 Non-asbestos Organic
9.6.2 Ceramic
9.6.3 Semi-metallic
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Brake Pads for Railway Market Size Forecast by Applications
9.10.1 Passenger Wagons
9.10.2 Freight Wagons
9.10.3 High Speed Rail
9.10.4 Subway/Light Rail
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Brake Pads for Railway Analysis and Forecast
10.1 Introduction
10.2 Europe Brake Pads for Railway Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Brake Pads for Railway Market Size Forecast by Type
10.6.1 Non-asbestos Organic
10.6.2 Ceramic
10.6.3 Semi-metallic
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Brake Pads for Railway Market Size Forecast by Applications
10.10.1 Passenger Wagons
10.10.2 Freight Wagons
10.10.3 High Speed Rail
10.10.4 Subway/Light Rail
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Brake Pads for Railway Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Brake Pads for Railway Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Brake Pads for Railway Market Size Forecast by Type
11.6.1 Non-asbestos Organic
11.6.2 Ceramic
11.6.3 Semi-metallic
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Brake Pads for Railway Market Size Forecast by Applications
11.10.1 Passenger Wagons
11.10.2 Freight Wagons
11.10.3 High Speed Rail
11.10.4 Subway/Light Rail
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Brake Pads for Railway Analysis and Forecast
12.1 Introduction
12.2 Latin America Brake Pads for Railway Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Brake Pads for Railway Market Size Forecast by Type
12.6.1 Non-asbestos Organic
12.6.2 Ceramic
12.6.3 Semi-metallic
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Brake Pads for Railway Market Size Forecast by Applications
12.10.1 Passenger Wagons
12.10.2 Freight Wagons
12.10.3 High Speed Rail
12.10.4 Subway/Light Rail
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Brake Pads for Railway Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Brake Pads for Railway Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Brake Pads for Railway Market Size Forecast by Type
13.6.1 Non-asbestos Organic
13.6.2 Ceramic
13.6.3 Semi-metallic
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Brake Pads for Railway Market Size Forecast by Applications
13.10.1 Passenger Wagons
13.10.2 Freight Wagons
13.10.3 High Speed Rail
13.10.4 Subway/Light Rail
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brake Pads for Railway Market: Competitive Dashboard
14.2 Global Brake Pads for Railway Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Knorr-Bremse
14.3.2 Wabtec Corporation
14.3.3 Tianyishangjia New Material
14.3.4 Akebono Brake Industry
14.3.5 Bremskerl
14.3.6 Tribo
14.3.7 Puran Railway Braking
14.3.8 CRRC Qishuyan Institute
14.3.9 Escorts Group
14.3.10 Flertex
14.3.11 Knorr-Bremse
14.3.12 Railway Star Fortune High-Tech
14.3.13 Masu Brakes
14.3.14 Huatie Tongda
14.3.15 Youcaitec Material
