Global and United States Railway Friction Material Market Report & Forecast 2022-2028
Friction materials?also known as brake materials and clutch materials?are used to induce friction in situations where slow or decreased movement is necessary. Friction is the resistance to relative motion that opposes an object's direction of movement.
Market Analysis and Insights: Global and United States Railway Friction Material Market
This report focuses on global and United States Railway Friction Material market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Railway Friction Material market size is estimated to be worth US$ 2103.9 million in 2022 and is forecast to a readjusted size of US$ 2677.5 million by 2028 with a CAGR of 4.1% during the review period. Fully considering the economic change by this health crisis, by Type, Brake Blocks accounting for % of the Railway Friction Material global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Freight Wagons was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global core railway friction material manufacturers include Knorr-Bremse, Wabtec Corporation etc.The top 2 companies hold a share about 70%. Asia Pacific is the largest market, with a share about 57%, followed by Europe and North America with the share about 24% and 12%.
Global Railway Friction Material Scope and Market Size
Railway Friction Material market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Railway Friction Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Railway Friction Material market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Brake Blocks
Brake Pads
Brake Shoes
Others
Segment by Application
Freight Wagons
High Speed Rail
Passenger Wagons
Locomotive
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Knorr-Bremse
Wabtec Corporation
Tianyi Group
Akebono Brake Industry
Bremskerl
Tribo
Escorts Group
PURAN
CRRC Qishuyan Locomotive Co., Ltd.
Flertex
Beijing Railway Star Fortune High-Tech Co.,Ltd
BOSUN
Guangdong Huatie Tongda High-speed Railway Equipment Corporation
Youcaitec Material Co., Ltd.
JiLing Dongbang
Schunk Carbon Technology
Morgan Advanced Materials
Yiyang Group
Mersen
Vanguard Tech
LiaoNing HongDe Electrical Carbon Products Co., LTD,
Doneka
EBC Brakes Group
TOKAI Carbon
Rane Group
Miba
Masu Brakes
Market Analysis and Insights: Global and United States Railway Friction Material Market
This report focuses on global and United States Railway Friction Material market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Railway Friction Material market size is estimated to be worth US$ 2103.9 million in 2022 and is forecast to a readjusted size of US$ 2677.5 million by 2028 with a CAGR of 4.1% during the review period. Fully considering the economic change by this health crisis, by Type, Brake Blocks accounting for % of the Railway Friction Material global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Freight Wagons was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global core railway friction material manufacturers include Knorr-Bremse, Wabtec Corporation etc.The top 2 companies hold a share about 70%. Asia Pacific is the largest market, with a share about 57%, followed by Europe and North America with the share about 24% and 12%.
Global Railway Friction Material Scope and Market Size
Railway Friction Material market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Railway Friction Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Railway Friction Material market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Brake Blocks
Brake Pads
Brake Shoes
Others
Segment by Application
Freight Wagons
High Speed Rail
Passenger Wagons
Locomotive
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Knorr-Bremse
Wabtec Corporation
Tianyi Group
Akebono Brake Industry
Bremskerl
Tribo
Escorts Group
PURAN
CRRC Qishuyan Locomotive Co., Ltd.
Flertex
Beijing Railway Star Fortune High-Tech Co.,Ltd
BOSUN
Guangdong Huatie Tongda High-speed Railway Equipment Corporation
Youcaitec Material Co., Ltd.
JiLing Dongbang
Schunk Carbon Technology
Morgan Advanced Materials
Yiyang Group
Mersen
Vanguard Tech
LiaoNing HongDe Electrical Carbon Products Co., LTD,
Doneka
EBC Brakes Group
TOKAI Carbon
Rane Group
Miba
Masu Brakes
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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