Market Overview:
The global railway brake systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway brake systems market can be attributed to the increasing demand for advanced braking systems in railways and subways across the globe. Additionally, the increasing adoption of disc brake system over traditional brakeshoe brake system is also propelling the growth of this market. The railway brake systems market is segmented on the basis of type into brakeshoe brake system and disc brake system. The brakeshoe brake system segment dominated the global railway brakesystemsmarket in 2017, owing to its low cost and easy installation process as compared to disc brakesystems .
Product Definition:
A railway brake system is a mechanism used to slow or stop a train. Railway brake systems are important because they allow trains to safely stop and prevent accidents.
Brakeshoe Brake System:
The brakeshoe brake system is a mechanical device used to apply the brakes on wheel sets of vehicles. It is an essential part of railway brake systems as it helps in maintaining the position and pressure of each wheel on a rail. The braking force applied by this system can be adjusted depending upon the speed and load carried by the train.
Disc Brake System:
The disc brake system is a type of brake system which uses small discs or plates instead of conventional drums or rotors for slowing or stopping the vehicle. The discs are mounted to the hub of a wheel and act as an independent unit. They have advantages such as better heat dissipation, ability to operate in low-friction environment, and easy replacement over conventional brakes.
Application Insights:
Railway lines accounted for the largest share in 2017 and are projected to expand at a CAGR of XX% over the forecast period. The railway system is one of the major systems worldwide, which has been witnessing significant growth due to rising demand for passenger travel services. Various countries have implemented various strategies such as High-speed Rail (HSR) and conventional rail systems, which provide faster journey times between major cities with more stops along the way. This has increased passenger travel requirements globally, leading to an increase in railway brake systems installations and maintenance activities across all regions over recent years.
Subway segment is expected to witness considerable growth during the forecast period owing to increasing urbanization resulting in construction of new subway line or expansion of existing ones across various regions including Asia Pacific, North America and Europe among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major railway infrastructure companies such as China Railway Construction Corporation Limited, Japan Railways Group, and India Railways Organisation are constructing new rail networks across the region will drive demand for braking systems. For instance, in November 2018, CRCC signed a contract with Siemens for supplying 12000 sets of electric multiple units (EMU) with Brakeshoe system.
Europe was estimated to be USD X billion in 2017.
Growth Factors:
- Increasing demand for railway brake systems from the transportation sector as a result of the growth in global trade and rising urbanization.
- Proliferation of high-speed railways across the globe, which is expected to drive the demand for railway brake systems over the forecast period.
- Stringent safety norms and regulations pertaining to railway brake systems by various governments worldwide are expected to propel market growth during the forecast period.
- Technological advancements in railway brake systems that offer enhanced performance, efficiency, and safety are anticipated to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Brake Systems Market Research Report
By Type
Brakeshoe Brake System, Disc Brake System
By Application
Railway Lines, Subway, Others
By Companies
Wabtec, Escorts Limited, Knorr-Bremse, Akebono, NYAB Products, European Braking Systems, CLEARSY SYSTEMS ENGINEERING, Amsted Rail, Shanghai Suyu Railway Material, DAKO-CZ, Wabtec
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Railway Brake Systems Market Report Segments:
The global Railway Brake Systems market is segmented on the basis of:
Types
Brakeshoe Brake System, Disc Brake System
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
Railway Lines, Subway, 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:
- Wabtec
- Escorts Limited
- Knorr-Bremse
- Akebono
- NYAB Products
- European Braking Systems
- CLEARSY SYSTEMS ENGINEERING
- Amsted Rail
- Shanghai Suyu Railway Material
- DAKO-CZ
- Wabtec
Highlights of The Railway Brake Systems 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:
- Brakeshoe Brake System
- Disc Brake System
- By Application:
- Railway Lines
- Subway
- 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 Railway Brake Systems 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Railway brake systems are used to slow or stop trains on railway tracks.
Some of the major players in the railway brake systems market are Wabtec, Escorts Limited, Knorr-Bremse, Akebono, NYAB Products, European Braking Systems, CLEARSY SYSTEMS ENGINEERING, Amsted Rail, Shanghai Suyu Railway Material, DAKO-CZ, Wabtec.
The railway brake systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Brake Systems 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 Railway Brake Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Brake Systems 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 Railway Brake Systems 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 Railway Brake Systems Market Size & Forecast, 2018-2028
4.5.1 Railway Brake Systems Market Size and Y-o-Y Growth
4.5.2 Railway Brake Systems Market Absolute $ Opportunity
Chapter 5 Global Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Type
5.2.1 Brakeshoe Brake System
5.2.2 Disc Brake System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Applications
6.2.1 Railway Lines
6.2.2 Subway
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Brake Systems 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 Railway Brake Systems 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 Railway Brake Systems Analysis and Forecast
9.1 Introduction
9.2 North America Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Type
9.6.1 Brakeshoe Brake System
9.6.2 Disc Brake System
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 Railway Brake Systems Market Size Forecast by Applications
9.10.1 Railway Lines
9.10.2 Subway
9.10.3 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 Railway Brake Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Type
10.6.1 Brakeshoe Brake System
10.6.2 Disc Brake System
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 Railway Brake Systems Market Size Forecast by Applications
10.10.1 Railway Lines
10.10.2 Subway
10.10.3 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 Railway Brake Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Type
11.6.1 Brakeshoe Brake System
11.6.2 Disc Brake System
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 Railway Brake Systems Market Size Forecast by Applications
11.10.1 Railway Lines
11.10.2 Subway
11.10.3 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 Railway Brake Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Brake Systems 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 Railway Brake Systems Market Size Forecast by Type
12.6.1 Brakeshoe Brake System
12.6.2 Disc Brake System
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 Railway Brake Systems Market Size Forecast by Applications
12.10.1 Railway Lines
12.10.2 Subway
12.10.3 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) Railway Brake Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Brake Systems 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) Railway Brake Systems Market Size Forecast by Type
13.6.1 Brakeshoe Brake System
13.6.2 Disc Brake System
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) Railway Brake Systems Market Size Forecast by Applications
13.10.1 Railway Lines
13.10.2 Subway
13.10.3 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 Railway Brake Systems Market: Competitive Dashboard
14.2 Global Railway Brake Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wabtec
14.3.2 Escorts Limited
14.3.3 Knorr-Bremse
14.3.4 Akebono
14.3.5 NYAB Products
14.3.6 European Braking Systems
14.3.7 CLEARSY SYSTEMS ENGINEERING
14.3.8 Amsted Rail
14.3.9 Shanghai Suyu Railway Material
14.3.10 DAKO-CZ
14.3.11 Wabtec
