Railway Braking System Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?