Market Overview:
The global composite brake shoes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for composite brake shoes in freight trains and passenger trains applications. Additionally, the growing demand for lightweight and durable brake shoes is also contributing to the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe and North America.
Product Definition:
The Composite brake shoes are a type of brake shoe that is made up of multiple materials. This type of brake shoe is usually used on vehicles that have drum brakes. The composite material helps to create a stronger and longer lasting brake shoe.
Synthetic Resin Base:
Synthetic resin base is a type of thermoplastic elastomer, which is manufactured by the polymerization of monomers such as styrene-butadiene and acrylonitrile-butadiene. The synthetic resin base has properties such as high strength, wear resistance, abrasion resistance and flexibility at low temperatures. These shoes are used in applications where durability and thermal stability are required.
Rubber Base:
The rubber base is a thin layer of silicone rubber that is applied to the metal or wooden part of a vehicle's brake system. It helps in increasing the friction between the shoes and drums, thus reducing the speed of rotation when braking. The composite brake shoe has an open structure with ventilation holes on both sides; it allows heat out while preventing air into contact with high temperatures inside which could cause brakes to fade.
Application Insights:
The freight trains application segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The product has a long life expectancy, which makes it ideal for heavy-duty applications. It also provides enhanced safety against brake failure due to metal-to-metal contact, which enhances overall performance of brake system.
Passenger trains are expected to be one of the fastest growing segments owing to increasing consumer preference for luxury travel experience coupled with rising disposable income in developing countries such as India and China. In addition, governments across various regions have implemented various initiatives aimed at improving railway infrastructure including new high speed rail projects and upgraded/newly constructed railway stations that will boost industry growth further over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in infrastructure development, coupled with rising freight traffic. Moreover, growing adoption of rail as a mode of transportation is anticipated to drive demand for composite brake shoes over the forecast period.
Europe accounted for a significant share in terms of volume as well as revenue and is expected to grow at an estimated CAGR of XX% from 2018 to 2030 owing mainlyto high demand from countries such as Germany, France, Italy and U.K., where passenger traffic on trains has increased significantly due toraising disposable income levels among consumers along with rapid urbanization across these regions.
Growth Factors:
- Increasing demand for lightweight vehicles: Composite brake shoes are increasingly being used in lightweight vehicles as they offer better performance as compared to traditional brake shoes. This is expected to drive the growth of the composite brake shoes market over the next few years.
- Growing popularity of electric and hybrid vehicles: The popularity of electric and hybrid vehicles is growing at a rapid pace, which is expected to boost the demand for composite brake shoes in the coming years. These types of vehicles require high-performance braking systems, which can be best provided by composite brake shoes.
- Rising awareness about vehicle safety: There has been a rising awareness among consumers about vehicle safety in recent years, which has led to an increase in the demand for advanced braking systems such as those equipped with composite brake shoes. This trend is likely to continue in the future, thereby propelling the growth of this market segment further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Brake Shoes Market Research Report
By Type
Synthetic Resin Base, Rubber Base
By Application
Freight Trains, Passenger Trains
By Companies
CHINA RAILWAY, Nabtesco Corporation, Akebono Brake Industry Co., Ltd., Beijing Railway Star Fortune High-Tech Co., Ltd. (RSF), Zhejiang Lefen Rail Transit Technology Co., Ltd., Shenyang Yuanyuan Friction Sealing Material Co., Ltd., Beijing Puran Railway Braking Technology Company Limited, Hindustan Composites Ltd., Wabtec Corporation, Shanghai ReinPhen Composite Materials Co., Ltd.
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Composite Brake Shoes Market Report Segments:
The global Composite Brake Shoes market is segmented on the basis of:
Types
Synthetic Resin Base, Rubber Base
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
Freight Trains, Passenger Trains
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:
- CHINA RAILWAY
- Nabtesco Corporation
- Akebono Brake Industry Co., Ltd.
- Beijing Railway Star Fortune High-Tech Co., Ltd. (RSF)
- Zhejiang Lefen Rail Transit Technology Co., Ltd.
- Shenyang Yuanyuan Friction Sealing Material Co., Ltd.
- Beijing Puran Railway Braking Technology Company Limited
- Hindustan Composites Ltd.
- Wabtec Corporation
- Shanghai ReinPhen Composite Materials Co., Ltd.
Highlights of The Composite Brake Shoes 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:
- Synthetic Resin Base
- Rubber Base
- By Application:
- Freight Trains
- Passenger Trains
- 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 Composite Brake Shoes 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
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
Composite brake shoes are a type of footwear that is made up of two or more materials. These materials can be different types of plastics, metals, and composites. This makes composite brake shoes stronger and more durable than traditional shoe construction.
Some of the major players in the composite brake shoes market are CHINA RAILWAY, Nabtesco Corporation, Akebono Brake Industry Co., Ltd., Beijing Railway Star Fortune High-Tech Co., Ltd. (RSF), Zhejiang Lefen Rail Transit Technology Co., Ltd., Shenyang Yuanyuan Friction Sealing Material Co., Ltd., Beijing Puran Railway Braking Technology Company Limited, Hindustan Composites Ltd., Wabtec Corporation, Shanghai ReinPhen Composite Materials Co., Ltd..
The composite brake shoes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Composite Brake Shoes 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 Composite Brake Shoes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Composite Brake Shoes 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 Composite Brake Shoes 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 Composite Brake Shoes Market Size & Forecast, 2018-2028
4.5.1 Composite Brake Shoes Market Size and Y-o-Y Growth
4.5.2 Composite Brake Shoes Market Absolute $ Opportunity
Chapter 5 Global Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Type
5.2.1 Synthetic Resin Base
5.2.2 Rubber Base
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Applications
6.2.1 Freight Trains
6.2.2 Passenger Trains
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Composite Brake Shoes 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 Composite Brake Shoes 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 Composite Brake Shoes Analysis and Forecast
9.1 Introduction
9.2 North America Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Type
9.6.1 Synthetic Resin Base
9.6.2 Rubber Base
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 Composite Brake Shoes Market Size Forecast by Applications
9.10.1 Freight Trains
9.10.2 Passenger Trains
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 Composite Brake Shoes Analysis and Forecast
10.1 Introduction
10.2 Europe Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Type
10.6.1 Synthetic Resin Base
10.6.2 Rubber Base
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 Composite Brake Shoes Market Size Forecast by Applications
10.10.1 Freight Trains
10.10.2 Passenger Trains
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 Composite Brake Shoes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Type
11.6.1 Synthetic Resin Base
11.6.2 Rubber Base
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 Composite Brake Shoes Market Size Forecast by Applications
11.10.1 Freight Trains
11.10.2 Passenger Trains
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 Composite Brake Shoes Analysis and Forecast
12.1 Introduction
12.2 Latin America Composite Brake Shoes 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 Composite Brake Shoes Market Size Forecast by Type
12.6.1 Synthetic Resin Base
12.6.2 Rubber Base
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 Composite Brake Shoes Market Size Forecast by Applications
12.10.1 Freight Trains
12.10.2 Passenger Trains
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) Composite Brake Shoes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Composite Brake Shoes 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) Composite Brake Shoes Market Size Forecast by Type
13.6.1 Synthetic Resin Base
13.6.2 Rubber Base
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) Composite Brake Shoes Market Size Forecast by Applications
13.10.1 Freight Trains
13.10.2 Passenger Trains
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 Composite Brake Shoes Market: Competitive Dashboard
14.2 Global Composite Brake Shoes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHINA RAILWAY
14.3.2 Nabtesco Corporation
14.3.3 Akebono Brake Industry Co., Ltd.
14.3.4 Beijing Railway Star Fortune High-Tech Co., Ltd. (RSF)
14.3.5 Zhejiang Lefen Rail Transit Technology Co., Ltd.
14.3.6 Shenyang Yuanyuan Friction Sealing Material Co., Ltd.
14.3.7 Beijing Puran Railway Braking Technology Company Limited
14.3.8 Hindustan Composites Ltd.
14.3.9 Wabtec Corporation
14.3.10 Shanghai ReinPhen Composite Materials Co., Ltd.
