Market Overview:
The global train brake pads 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 passenger and freight trains across the globe. Additionally, the growing awareness about safety and security is also propelling the demand for train brake pads globally. The global train brake pads market by type is segmented into composite brake pads, powder metallurgy brake pads, and cast iron brake pads. Composite brake pad held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well owing to its superior properties such as high thermal stability, low wear rate, and excellent friction performance over other types of brakes pad materials.
Product Definition:
Train brake pads are a component of the braking system on a train. They are made of materials that can withstand high levels of friction and heat, and they work with the brake shoes to slow or stop the train. The importance of brake pads is that they help keep passengers safe by ensuring that the train can stop quickly and safely when needed.
Composite Brake Pads:
Composite brake pads are made up of a combination of organic and inorganic materials. The material composition is an important factor that affects the performance, wear & tear properties and durability of the product. Organic composites have high friction characteristics but low heat dissipation capacity whereas Inorganic composites have low Friction Coefficient (FC) but higher heat dissipation capacity.
Powder Metallurgy Brake Pads:
Powder metallurgy brake pads are made from powders of metals such as iron, nickel, and aluminum. These powders are processed under extreme pressure and temperature conditions to produce high-performance brake pads for use in automotive vehicles. The key benefit of this process is that the material can be tailored to match any requirement without the need for casting or machining; it is also much faster than traditional processes.
Application Insights:
Passenger trains accounted for a major share in the global train brake pads market and are expected to maintain their dominance over the forecast period. The segment is projected to account for a revenue share of around 60% by 2030. The freight trains segment is also expected to witness significant growth owing to increasing demand from construction, mining and infrastructure projects across the globe.
The Asia Pacific region is one of the prominent markets for passenger trains as several countries in this region have been undertaking numerous projects aimed at improving their railway infrastructure over recent years. Furthermore, governments in various countries have been focusing on modernizing their fleets of passenger locomotives which will increase demand further during the forecast period. Increasing investments made by companies such as Siemens AG & Co., ABB Ltd., Alstom SA and Bombardier Inc.
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 demand for passenger and freight trains from developing economies including China, India, Japan, South Korea & Taiwan.
The growing trend of automation across industries will have a positive impact on industry growth over the next eight years. Furthermore, increasing use of rail as an alternative mode of transport will further boost regional product demand. Europe is estimated to be the fastest-growing regional market at a CAGR exceeding 5% during the forecast period owing to high investment in metro construction projects such as London's Crossrail project and Spain's TGV network upgrade program by state railway operator Renfe Operadora de Ferroviaos de Portugal e Castro Verde’s (RFFSA) which are likely to increase traction wheel load capacity by 2040 compared with 2016 levels.
Growth Factors:
- Increasing demand for safe and comfortable travel
- Growing urbanization and industrialization
- Proliferation of high-speed trains
- Development of new technologies and materials for brake pads
- Rising awareness about the importance of train safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Train Brake Pads Market Research Report
By Type
Composite Brake Pads, Powder Metallurgy Brake Pads, Cast Iron Brake Pads
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Train Brake Pads Market Report Segments:
The global Train Brake Pads market is segmented on the basis of:
Types
Composite Brake Pads, Powder Metallurgy Brake Pads, Cast Iron Brake Pads
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 Train Brake Pads 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:
- Composite Brake Pads
- Powder Metallurgy Brake Pads
- Cast Iron Brake Pads
- 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 Train Brake Pads 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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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?
Train brake pads are a type of braking system used on trains to stop the train. They are made from a number of materials, including rubber and metal, and they are placed on either side of the train's wheels. When the brake is applied, it presses against these pads, which in turn slows down the train.
Some of the key players operating in the train brake pads 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 train brake pads 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 Train Brake Pads 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 Train Brake Pads Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Train Brake Pads 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 Train Brake Pads 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 Train Brake Pads Market Size & Forecast, 2020-2028
4.5.1 Train Brake Pads Market Size and Y-o-Y Growth
4.5.2 Train Brake Pads Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Composite Brake Pads
5.2.2 Powder Metallurgy Brake Pads
5.2.3 Cast Iron Brake Pads
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Train Brake Pads 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 Train Brake Pads 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Composite Brake Pads
9.6.2 Powder Metallurgy Brake Pads
9.6.3 Cast Iron Brake Pads
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Composite Brake Pads
10.6.2 Powder Metallurgy Brake Pads
10.6.3 Cast Iron Brake Pads
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Composite Brake Pads
11.6.2 Powder Metallurgy Brake Pads
11.6.3 Cast Iron Brake Pads
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Composite Brake Pads
12.6.2 Powder Metallurgy Brake Pads
12.6.3 Cast Iron Brake Pads
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Composite Brake Pads
13.6.2 Powder Metallurgy Brake Pads
13.6.3 Cast Iron Brake Pads
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) 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 Train Brake Pads Market: Competitive Dashboard
14.2 Global Train Brake Pads 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.
