Market Overview:
The global magnetic track brakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-speed trains and trams across the globe. Additionally, the growing awareness about safety measures in transportation is also contributing to the growth of this market. The global magnetic track brakes market can be segmented on the basis of type into electromagnetic track brakes and permanent magnet track brakes. Electromagnetic track brakes are more popular than permanent magnet track brakes owing to their higher efficiency and longer life span. On the basis of application, this market can be segmented into tram, high-speed train, and others (including locomotives, mining equipment, etc.). Tram applications are expected to witness significant growth during the forecast period as they provide an efficient mode of transportation in urban areas with heavy traffic congestion levels. Geographically, this market can be segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Asia Pacific is expected to account for a major share of this market due to rising investments in railway infrastructure by countries such as China and India .
Product Definition:
A magnetic track brake is a device used to stop or hold a moving object by applying a braking force to the object's tracks. The braking force is created by magnets that are attached to the track and interact with each other to create resistance. This type of brake is often used in industrial applications where large objects need to be stopped quickly and safely.
Electromagnetic Track Brakes:
Electromagnetic track brakes are a new-age technology that uses electromagnetic forces for braking instead of conventional hydraulic or pneumatic systems. The technology is still in the R&D phase and has not been commercialized anywhere else in the world. AEM’s system is based on two independent control devices, namely magnetic levitation and electromagnetic brakes, which work together to provide high-performance braking power without any physical contact between the vehicle andbraking elements.
Permanent Magnet Track Brakes:
Permanent magnet track brakes are a new technology that has been developed to overcome the drawbacks of traditional magnetic brakes. Traditional magnetic track brakes have certain limitations which include low power, heat dissipation and limited application in rail vehicles. To overcome these drawbacks, Siemens Gamesa along with their partners have developed permanent magnet track (PMT) brake system which overcomes all these limitations thus making it an ideal choice for high-performance applications such as trains and metro cars.
Application Insights:
Tram was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The increasing use of track brakes on tramways as they provide better control over speed is one of the key factors boosting product demand in this segment.
High-speed train (HST) application segment is also expected to register a notable CAGR during the forecast period owing to increased deployment of HSTs with advanced safety features such as automatic slow-down and emergency stop systems. These systems ensure smooth operations even at high speeds, thereby reducing accidents caused due to human error or technical failures. Such factors are anticipated to drive market growth during the forecast period.
Other applications include airport railway, funicular railways, monorail etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing investments for improving the existing railway infrastructure and building new ones. For instance, according to Railway Age magazine, there are currently around 1,500 projects under implementation or advanced planning stages in U.S., with a total length exceeding 300 miles.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand for magnetic track brakes from countries such as China and India due to rapid urbanization.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Growing urbanization and industrialization
- Rising disposable income of consumers
- Technological advancements in brake systems
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Track Brakes Market Research Report
By Type
Electromagnetic Track Brakes, Permanent Magnet Track Brakes
By Application
Tram, High-Speed Train, Others
By Companies
Altra Industrial Motion, INTORQ, Ogura Industrial, Hilliard Corporation, Shanghai Tang Yi Electronics, KEB Automation, Kendrion, Lenze, SEPAC, Magnetic Technologies, Magtrol, Placid Industries, REDEX Group, Emco Dynatorq, Precima Magnettechnik, Regal Power Transmission Solutions, Sjogren Industries
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Track Brakes Market Report Segments:
The global Magnetic Track Brakes market is segmented on the basis of:
Types
Electromagnetic Track Brakes, Permanent Magnet Track Brakes
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
Tram, High-Speed Train, 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:
- Altra Industrial Motion
- INTORQ
- Ogura Industrial
- Hilliard Corporation
- Shanghai Tang Yi Electronics
- KEB Automation
- Kendrion
- Lenze
- SEPAC
- Magnetic Technologies
- Magtrol
- Placid Industries
- REDEX Group
- Emco Dynatorq
- Precima Magnettechnik
- Regal Power Transmission Solutions
- Sjogren Industries
Highlights of The Magnetic Track Brakes 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:
- Electromagnetic Track Brakes
- Permanent Magnet Track Brakes
- By Application:
- Tram
- High-Speed Train
- 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 Magnetic Track Brakes 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?
Magnetic Track Brakes are a type of braking system that uses magnets to stop the car. The magnets create a force that can hold the car in place, preventing it from moving.
Some of the key players operating in the magnetic track brakes market are Altra Industrial Motion, INTORQ, Ogura Industrial, Hilliard Corporation, Shanghai Tang Yi Electronics, KEB Automation, Kendrion, Lenze, SEPAC, Magnetic Technologies, Magtrol, Placid Industries, REDEX Group, Emco Dynatorq, Precima Magnettechnik, Regal Power Transmission Solutions, Sjogren Industries.
The magnetic track brakes market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Track Brakes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Track Brakes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Track Brakes Market - Supply Chain
4.5. Global Magnetic Track Brakes Market Forecast
4.5.1. Magnetic Track Brakes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Track Brakes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Track Brakes Market Absolute $ Opportunity
5. Global Magnetic Track Brakes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Track Brakes Market Size and Volume Forecast by Type
5.3.1. Electromagnetic Track Brakes
5.3.2. Permanent Magnet Track Brakes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Track Brakes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Track Brakes Market Size and Volume Forecast by Application
6.3.1. Tram
6.3.2. High-Speed Train
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Track Brakes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Track Brakes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Track Brakes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Track Brakes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Track Brakes Demand Share Forecast, 2019-2026
9. North America Magnetic Track Brakes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Track Brakes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Track Brakes Market Size and Volume Forecast by Application
9.4.1. Tram
9.4.2. High-Speed Train
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Track Brakes Market Size and Volume Forecast by Type
9.7.1. Electromagnetic Track Brakes
9.7.2. Permanent Magnet Track Brakes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Track Brakes Demand Share Forecast, 2019-2026
10. Latin America Magnetic Track Brakes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Track Brakes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Track Brakes Market Size and Volume Forecast by Application
10.4.1. Tram
10.4.2. High-Speed Train
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Track Brakes Market Size and Volume Forecast by Type
10.7.1. Electromagnetic Track Brakes
10.7.2. Permanent Magnet Track Brakes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Track Brakes Demand Share Forecast, 2019-2026
11. Europe Magnetic Track Brakes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Track Brakes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Track Brakes Market Size and Volume Forecast by Application
11.4.1. Tram
11.4.2. High-Speed Train
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Track Brakes Market Size and Volume Forecast by Type
11.7.1. Electromagnetic Track Brakes
11.7.2. Permanent Magnet Track Brakes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrctiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Track Brakes Demand Share, 2019-2026
12. Asia Pacific Magnetic Track Brakes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Track Brakes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Track Brakes Market Size and Volume Forecast by Application
12.4.1. Tram
12.4.2. High-Speed Train
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Track Brakes Market Size and Volume Forecast by Type
12.7.1. Electromagnetic Track Brakes
12.7.2. Permanent Magnet Track Brakes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Track Brakes Demand Share, 2019-2026
13. Middle East & Africa Magnetic Track Brakes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Track Brakes Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Track Brakes Market Size and Volume Forecast by Application
13.4.1. Tram
13.4.2. High-Speed Train
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Track Brakes Market Size and Volume Forecast by Type
13.7.1. Electromagnetic Track Brakes
13.7.2. Permanent Magnet Track Brakes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Track Brakes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Track Brakes Market: Market Share Analysis
14.2. Magnetic Track Brakes Distributors and Customers
14.3. Magnetic Track Brakes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Altra Industrial Motion
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. INTORQ
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ogura Industrial
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hilliard Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai Tang Yi Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KEB Automation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kendrion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lenze
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SEPAC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Magnetic Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Magtrol
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Placid Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. REDEX Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Emco Dynatorq
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Precima Magnettechnik
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Regal Power Transmission Solutions
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sjogren Industries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
