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Railway Braking System Trends and Forecast
The future of the global railway braking system market looks promising with opportunities in the metro, monorail, high-speed train, light rail/tram, and freight train markets. The global railway braking system market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are rising preference among individuals for rail transit as their chosen mode of transportation, expansion of railway initiatives for constructing fresh rail networks and lines, encompassing metro systems, monorails, and high-speed rail, and increasing volume of packages and trade activities within countries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Railway Braking System by Segment
The study includes a forecast for the global railway braking system by type, train type, and region.
Railway Braking System Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Pneumatic Brake
• Electrodynamic Brake
• Mechanical Brake
• Electromagnetic Brake
Railway Braking System Market by Train Type [Shipment Analysis by Value from 2018 to 2030]:
• Metros
• Monorail
• High-Speed Trains
• Light Rail/Trams
• Freight Trains
Railway Braking System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Railway Braking System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies railway braking system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the railway braking system companies profiled in this report include-
• Knorr-Bremse
• Wabtec Corporation
• DAKO-CZ
• Frenoplast
• Icer Rail
• Akebono Brake Industry
• Nabtesco Corporation
Railway Braking System Market Insights
Lucintel forecasts that pneumatic brake will remain the largest segment over the forecast period due to its increasing adoption in metros and subways, along with the ongoing technological advancements the pneumatic braking systems as they are becoming familiar among specialized freight operations and main line passenger railways.
Within this market, light rail/trams will remain the highest growing segment over the forecast period.
APAC will remain the highest growing region over the forecast period due to execution of multiple initiatives aimed at linking established routes within the Pan Asia railway network, as well as, rising population in the countires like India and China.
Features of the Global Railway Braking System Market
Market Size Estimates: Railway braking system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Railway braking system market size by type, train type, and region in terms of value ($B).
Regional Analysis: Railway braking system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, train types, and regions for the railway braking system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the railway braking system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the railway braking system market size?
Answer: The global railway braking system market is expected to reach an estimated $13.8 billion by 2030.
Q.2 What is the growth forecast for railway braking system market?
Answer: The global railway braking system market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the railway braking system market?
Answer: The major drivers for this market are rising preference among individuals for rail transit as their chosen mode of transportation, expansion of railway initiatives for constructing fresh rail networks and lines, encompassing metro systems, monorails, and high-speed rail, and increasing volume of packages and trade activities within countries .
Q4. What are the major segments for railway braking system market?
Answer: The future of the railway braking system market looks promising with opportunities in the metro, monorail, high-speed train, light rail/tram, and freight train markets.
Q5. Who are the key railway braking system market companies?
Answer: Some of the key railway braking system companies are as follows:
• Knorr-Bremse
• Wabtec Corporation
• DAKO-CZ
• Frenoplast
• Icer Rail
• Akebono Brake Industry
• Nabtesco Corporation
Q6. Which railway braking system market segment will be the largest in future?
Answer: Lucintel forecasts that pneumatic brake will remain the largest segment over the forecast period due to its increasing adoption in metros and subways, along with the ongoing technological advancements the pneumatic braking systems as they are becoming familiar among specialized freight operations and main line passenger railways.
Q7. In railway braking system market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the highest growing region over the forecast period due to execution of multiple initiatives aimed at linking established routes within the Pan Asia railway network, as well as, rising population in the countires like India and China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the railway braking system market by type (pneumatic brake, electrodynamic brake, mechanical brake, and electromagnetic brake), train type (metros, monorail, high-speed trains, light rail/trams, and freight trains), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Railway Braking System Market, Railway Braking System Market Size, Railway Braking System Market Growth, Railway Braking System Market Analysis, Railway Braking System Market Report, Railway Braking System Market Share, Railway Braking System Market Trends, Railway Braking System Market Forecast, Railway Braking System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Railway Braking System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Railway Braking System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Railway Braking System Market by Type
3.3.1: Pneumatic Brake
3.3.2: Electrodynamic Brake
3.3.3: Mechanical Brake
3.3.4: Electromagnetic Brake
3.4: Global Railway Braking System Market by Train Type
3.4.1: Metros
3.4.2: Monorail
3.4.3: High-Speed Trains
3.4.4: Light Rail/Trams
3.4.5: Freight Trains
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Railway Braking System Market by Region
4.2: North American Railway Braking System Market
4.2.2: North American Railway Braking System Market by Train Type: Metros, Monorail, High-Speed Trains, Light Rail/Trams, and Freight Trains
4.3: European Railway Braking System Market
4.3.1: European Railway Braking System Market by Type: Pneumatic Brake, Electrodynamic Brake, Mechanical Brake, and Electromagnetic Brake
4.3.2: European Railway Braking System Market by Train Type: Metros, Monorail, High-Speed Trains, Light Rail/Trams, and Freight Trains
4.4: APAC Railway Braking System Market
4.4.1: APAC Railway Braking System Market by Type: Pneumatic Brake, Electrodynamic Brake, Mechanical Brake, and Electromagnetic Brake
4.4.2: APAC Railway Braking System Market by Train Type: Metros, Monorail, High-Speed Trains, Light Rail/Trams, and Freight Trains
4.5: ROW Railway Braking System Market
4.5.1: ROW Railway Braking System Market by Type: Pneumatic Brake, Electrodynamic Brake, Mechanical Brake, and Electromagnetic Brake
4.5.2: ROW Railway Braking System Market by Train Type: Metros, Monorail, High-Speed Trains, Light Rail/Trams, and Freight Trains
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Railway Braking System Market by Type
6.1.2: Growth Opportunities for the Global Railway Braking System Market by Train Type
6.1.3: Growth Opportunities for the Global Railway Braking System Market by Region
6.2: Emerging Trends in the Global Railway Braking System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Railway Braking System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Railway Braking System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Knorr-Bremse
7.2: Wabtec Corporation
7.3: DAKO-CZ
7.4: Frenoplast
7.5: Icer Rail
7.6: Akebono Brake Industry
7.7: Nabtesco Corporation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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