About Railway Brake Systems
The train brake helps to decelerate and control the speed of the train through mechanical operation, which helps to slow down the speed of the train. The high safety and comfort expectations under varying conditions led to the development of brake systems in railway vehicles. The main factors affecting the performance and function of the brake system are braking force, mass and speed of the vehicles, stopping or braking distance, railway condition, and environmental factors. The braking systems are examined in two main groups: adhesion-dependent and independent brakes.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
Railway Brake Systems market is fragmented, and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to create advanced railway brake system for efficiently stopping vehicles and strengthening their foothold in the market. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Railway Brake Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Knorr-Bremse (Germany), Wabtec Corporation (United States), Tianyishangjia New Material (China), Akebono Brake Industry (Japan), Bremskerl (Germany), Tribo (Brazil), Puran Railway Braking (China), CRRC Qishuyan Institute (China) and Faiveley Transport (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Masu Brakes (India), Hitachi (Japan), Escorts Group (India) and Frimatrail Frenoplast (Poland).
Segmentation Overview
AMA Research has segmented the market of Global Railway Brake Systems market by Type (Pneumatic Brake, Electrodynamic Brake, Mechanical Brake and Electromagnetic Brake), Application (Passenger Trains and Freight Trains) and Region.
On the basis of geography, the market of Railway Brake Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Advancements in brake systems such as ABS and EBD
Market Growth Drivers:
Rise in number of trains in developing countries and Increasing investments are needed to strengthen railway infrastructure.
Challenges:
High maintenance cost
Restraints:
capital-intensive and high-development complexities. and Compatibility issues with existing infrastructure.
Opportunities:
Government support for alternative fuel-powered railway operations, Integration of intelligent braking systems. and Technological innovations in railway brake systems, such as air-free brake system
Market Leaders and their expansionary development strategies
In September 2022, Knorr-Bremse acquired DSB Component Workshops from Danish state rail operator DSB for a purchase price of EUR 50 million. Thereby, Knorr-Bremse is extending its position as a systems partner for top- notch aftermarket solution, highly reliable maintenance and innovative services for rail vehicle system in the Nordics.
In September 2022, Knorr Bremse introduced a number of new concepts linked to its digital freight train project. These included a digital automatic coupler (DAC) to facilitate rapid and flexible freight transportation and electric contact coupling system (e-coupler) and UIC compact freight car brake solution.
Key Target Audience
Government Research Organization, Private Research Organizations, Government Regulator Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.