In terms of revenue, the global railway braking system market was valued at US$ 8,909.9 million in 2019 and is projected to reach US$ 10,515.7 million by 2027; it is expected to grow at a CAGR of 3.7% during the forecast period from 2020 to 2027.
The railway braking system market is broadly segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In terms of market share, the APAC region dominated the railway braking system market in 2019. APAC comprises developing economies—such as China, India, Singapore, Vietnam, and other southeast countries—as well as developed economies, such as Japan and Australia. Railway sectors of the Philippines, Thailand, China, and India are making huge investments in their respective territories to strengthen rail transit by integrating advanced technologies. In addition, Japan is using high-speed rail to lower congestion on roads and help passengers in saving both time & money.
Impact of COVID-19 Pandemic on Railway Braking System Market
The COVID-19 virus outbreak has been affecting every business globally since December 2019. Globally, the railway system market has a significant numbers of players. The technology and transportation industries are adversely affected due to COVID-19, and since the start of 2020, these industries have been reflecting declining trend. The pandemic has impacted supply of raw material, system/equipment, labor availability, working capital, and manufacturing. Building new rails, expansion projects of existing rail lines and constructing new rail lines, development of new rail systems as per newer technologies, station modernization, and procuring new rolling stock have witnessed decline during lockdown. Post six months, the businesses are getting resumed, manufacturing and technology industries are getting back into businesses, which would impact the development cycle of rails and its systems. Also, the railway projects are also getting resumed. With business re-commencing, the railway braking system market would be benefitted gradually.
Lucrative Regional Railway Braking System Market
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Market Insights – Railway Braking System Market
Provision Environment Standards for Environment Safety
The railway transportation is majorly considered as a secure, safe, and economical mode of transportation when compared with road transportation. Pertaining to the factors, such as high precision and capability to cover maximum geographic area, the demand for trains among travelers is growing. Various systems are used in rails to ensure the safety of train, freight, and passengers; braking systems is one of these systems. Moreover, government projects—such as Dubai Route 2020 Metro—for building new rail infrastructure and increasing investments to expand train connectivity, are contributing toward the growth of the railway sector. There is a rise in demand of railways for freight transport. With increasing volume of packages and goods transported through railways, the number of trains is increasing. In 2019, the rail freight transport in Europe was calculated at almost 400 billion ton-kilometers. This aspect of increasing freight transport and rail passengers is boosting the growth of the railway sector and motivating governments of countries to invest heavily on rail projects.
Type Segment Insights
Based on type, the pneumatic brake is expected to be the leading segment in the global railway braking system market during the forecast period. Pneumatic brakes were designed for metros or subways; however, with continuous technological developments, the pneumatic braking systems are getting familiar among specialized freight operations and main line passenger railways.
Railway Braking System Market, by Train Type (% share)
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Train Type Segment Insights
Based on train type, the light rail/trams is anticipated to be the leading segment in the global railway braking system market during the forecast period. The light rail segment is witnessing projects, such as BRITAIN’s Very Light Rail vehicle development project. The delivery of light rail has been made for final assembly and system integration of light rail to the Quinton Rail Technology Centre. The project would increase the scope of integrating brake systems in light rails in Europe.
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Railway Braking System Market: Strategic Insights
Market Size Value in US$ 8,909.9 Million in 2019 Market Size Value by US$ 10,515.7 Million by 2027 Growth rate CAGR of 3.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Railway Braking System Market: Strategic Insights
| Market Size Value in | US$ 8,909.9 Million in 2019 |
| Market Size Value by | US$ 10,515.7 Million by 2027 |
| Growth rate | CAGR of 3.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2019, Amsted Rail and Amsted Digital Solutions Exhibited at Railway Interchange 2019 to showcase IBEX truck mounted brake system and learn what makes it the most versatile, innovative, and cost-effective brake system.
- In 2019, Sabre Rail Services Ltd won a contract to date by Network Rail for the overhaul of the brake systems on its fleet of 555 JNA ‘Falcon’ open box wagons.
The global railway braking system market has been segmented as follows:
Railway Braking System Market – by Type
- Pneumatic Brake
- Electrodynamic Brake
- Mechanical Brake
- Electromagnetic Brake
Railway Braking System Market – by Train Type
- Metros
- Monorail
- High-Speed Train
- Light Rail/Trams
- Freight Train
Railway Braking System Market – by Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Railway Braking System Market – Company Profiles
- ABB Ltd.
- Akebono Brake Industry Co., Ltd
- Alstom SA
- Amsted Rail
- DAKO-CZ, a.s
- Frimatrail Frenoplast S.A
- Knorr-Bremse AG
- Nabtesco Corporation
- Sabre Rail Services Ltd.
- Wabtec Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Train Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The light rail/trams is leading the global railway braking system market. They are ideal for shorter braking distance owing to quick response behavior. The light rail segment is also witnessing projects, such as metro and high-speed trains, which would contribute to the market growth.
There is a growth in the railway sector across the world due to increasing number of passengers and freight transport. Therefore, the railways of respective countries are making huge budget allocation for improving their existing rail infrastructure. India has a fourth-largest railway system worldwide, after the US, Russia, and China. Countries, such as India, China, the Philippines, Thailand, are investing monetary resources on reinforcing their railways. Investments in railways sector would transform it as per the future requirements. Expansion in railways through funding is driving the scope of integration of railway braking systems.
Presently, APAC held the largest share of the global railway braking system market. The connectivity of the railway network in Southeast Asian countries is becoming better due to implementation of a number of projects to connect existing routes under Pan Asia railway network. Projects for expanding railways by introducing bullet trains or other rails in countries such as India and Japan would make a substantial contribution in the development of railway sector of the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Railway Braking System Market – By Type
1.3.2 Railway Braking System Market – By Train Type
1.3.3 Railway Braking System Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Railway Braking System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Railway Braking System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Rail Transit for Transportation
5.1.2 Increasing Investments for Strengthening Railways
5.2 Market Restraints
5.2.1 Inadequate Infrastructure of High Speed Rail
5.3 Market Opportunities
5.3.1 Arrival of Automatic Train Braking Systems
5.4 Future Trends
5.4.1 Advent of Next-Generation High-Speed Trains
5.5 Impact Analysis of Drivers and Restraints
6. Railway Braking System Market – Global Market Analysis
6.1 Global Railway Braking System Market Overview
6.2 Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Railway Braking System Market Analysis – By Type
7.1 Overview
7.2 Railway Braking System Market Breakdown, by Type, 2019 & 2027
7.3 Pneumatic Brake
7.3.1 Overview
7.3.2 Pneumatic Brake: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
7.4 Electrodynamic Brake
7.4.1 Overview
7.4.2 Electrodynamic Brake: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
7.5 Mechanical Brake
7.5.1 Overview
7.5.2 Mechanical Brake: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
7.6 Electromagnetic Brake
7.6.1 Overview
7.6.2 Electromagnetic Brake: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
8. Railway Braking System Market Analysis – By Train Type
8.1 Overview
8.2 Railway Braking System Market Breakdown, by Belt Type, 2019 & 2027
8.3 Metros
8.3.1 Overview
8.3.2 Metros: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
8.4 Monorail
8.4.1 Overview
8.4.2 Monorail: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
8.5 High-Speed Train
8.5.1 Overview
8.5.2 High-speed Train: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
8.6 Light Rail/Trams
8.6.1 Overview
8.6.2 Light Rail/Trams: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
8.7 Freight Train
8.7.1 Overview
8.7.2 Freight Train: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
9. Railway Braking System Market – Geographic Analysis
9.1 Overview
9.2 North America: Railway Braking System Market
9.2.1 North America: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Railway Braking System Market, by Type
9.2.3 North America: Railway Braking System Market, by Train Type
9.2.4 North America: Railway Braking System Market, by Key Country
9.2.4.1 US: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Railway Braking System Market, by Type
9.2.4.1.2 US: Railway Braking System Market, by Train Type
9.2.4.2 Canada: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Railway Braking System Market, by Type
9.2.4.2.2 Canada: Railway Braking System Market, by Train Type
9.2.4.3 Mexico: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Railway Braking System Market, by Type
9.2.4.3.2 Mexico: Railway Braking System Market, by Train Type
9.3 Europe: Railway Braking System Market
9.3.1 Europe: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Railway Braking System Market, By Type
9.3.3 Europe: Railway Braking System Market, By Train Type
9.3.4 Europe: Railway Braking System Market, By Country
9.3.4.1 Germany: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Railway Braking System Market, by Type
9.3.4.1.2 Germany: Railway Braking System Market, by Train Type
9.3.4.2 France: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Railway Braking System Market, by Type
9.3.4.2.2 France: Railway Braking System Market, by Train Type
9.3.4.3 Italy: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Railway Braking System Market, by Type
9.3.4.3.2 Italy: Railway Braking System Market, by Train Type
9.3.4.4 UK: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Railway Braking System Market, by Type
9.3.4.4.2 UK: Railway Braking System Market, by Train Type
9.3.4.5 Russia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Railway Braking System Market, by Type
9.3.4.5.2 Russia: Railway Braking System Market, by Train Type
9.3.4.6 Rest of Europe: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Railway Braking System Market, by Type
9.3.4.6.2 Rest of Europe: Railway Braking System Market, by Train Type
9.4 APAC: Railway Braking System Market
9.4.1 APAC: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Railway Braking System Market, By Type
9.4.3 APAC: Railway Braking System Market, By Train Type
9.4.4 APAC: Railway Braking System Market, By Country
9.4.4.1 Australia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Railway Braking System Market, by Type
9.4.4.1.2 Australia: Railway Braking System Market, by Train Type
9.4.4.2 China: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Railway Braking System Market, by Type
9.4.4.2.2 China: Railway Braking System Market, by Train Type
9.4.4.3 India: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Railway Braking System Market, by Type
9.4.4.3.2 India: Railway Braking System Market, by Train Type
9.4.4.4 Japan: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Railway Braking System Market, by Type
9.4.4.4.2 Japan: Railway Braking System Market, by Train Type
9.4.4.5 South Korea: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Railway Braking System Market, by Type
9.4.4.5.2 South Korea: Railway Braking System Market, by Train Type
9.4.4.6 Rest of APAC: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Railway Braking System Market, by Type
9.4.4.6.2 Rest of APAC: Railway Braking System Market, by Train Type
9.5 MEA: Railway Braking System Market
9.5.1 MEA: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Railway Braking System Market, by Type
9.5.3 MEA: Railway Braking System Market, by Train Type
9.5.4 MEA: Railway Braking System Market, by Key Country
9.5.4.1 South Africa: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Railway Braking System Market, by Type
9.5.4.1.2 South Africa: Railway Braking System Market, by Train Type
9.5.4.2 Saudi Arabia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Railway Braking System Market, by Type
9.5.4.2.2 Saudi Arabia: Railway Braking System Market, by Train Type
9.5.4.3 UAE: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Railway Braking System Market, by Type
9.5.4.3.2 UAE: Railway Braking System Market, by Train Type
9.5.4.4 Rest of MEA: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Railway Braking System Market, by Type
9.5.4.4.2 Rest of MEA: Railway Braking System Market, by Train Type
9.6 SAM: Railway Braking System Market
9.6.1 SAM: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Railway Braking System Market, by Type
9.6.3 SAM: Railway Braking System Market, by Train Type
9.6.4 SAM: Railway Braking System Market, by Key Country
9.6.4.1 Brazil: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Railway Braking System Market, by Type
9.6.4.1.2 Brazil: Railway Braking System Market, by Train Type
9.6.4.2 Argentina: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Railway Braking System Market, by Type
9.6.4.2.2 Argentina: Railway Braking System Market, by Train Type
9.6.4.3 Rest of SAM: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Railway Braking System Market, by Type
9.6.4.3.2 Rest of SAM: Railway Braking System Market, by Train Type
10. Railway Braking System Market- COVID-19 Impact Analysis
10.1 Impact of COVID-19 Pandemic on Global Maritime Real-time Positioning System Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 DAKO-CZ, a.sKey Facts
12.1.1 Business Description
12.1.2 Products and Services
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Akebono Brake Industry Co., Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Amsted Rail
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Knorr-Bremse AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nabtesco Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sabre Rail Services Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Wabtec Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Alstom SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ABB Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Frimatrail Frenoplast S.A.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Railway Braking System Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Railway Braking System Market, by Train Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe Railway Braking System Market, By Train Type– Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. France Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. France Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Italy Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. UK Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 26. Australia: Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. Australia: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 28. China: Railway Braking System Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 29. China: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 30. India: Railway Braking System Market, By Types – Revenue and Forecast to 2027 (US$ Million)
Table 31. India: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 32. Japan: Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 33. Japan: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 34. South Korea: Railway Braking System Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 35. South Korea: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC: Railway Braking System Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Railway Braking System Market, By Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 38. MEA: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA: Railway Braking System Market Revenue Share, by Train Type (2019 and 2027)
Table 40. South Africa: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 41. South Africa: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 42. Saudi Arabia: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 44. UAE: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 45. UAE: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM: Railway Braking System Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Railway Braking System Market, by Train Type – Revenue and Forecast to 2027 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Railway Braking System Market Segmentation
Figure 2. Railway Braking System Market Segmentation – By Geography
Figure 3. Global Railway Braking System Market Overview
Figure 4. Pneumatic Brake Type Segment held the Largest Share
Figure 5. Light Rail/Trams Train Type Segment held the Largest Share
Figure 6. APAC to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Railway Braking System Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Railway Braking System Market
Figure 15. Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Railway Braking System Market Breakdown, by Type (2019 and 2027)
Figure 17. Pneumatic Brake: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
Figure 18. Electrodynamic Brake: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 19. Mechanical Brake: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 20. Electromagnetic Brake: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 21. Railway Braking System Market Breakdown, by Train Type (2019 and 2027)
Figure 22. Metros: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 23. Monorail: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 24. High-speed Train: Railway Braking System Market Revenue and Forecast to 2027 (US$ Million)
Figure 25. Light Rail/Trams: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 26. Freight Train: Railway Braking System Market Revenue and Forecast To 2027 (US$ Million)
Figure 27. Railway Braking System Market Revenue Share, By Region (2019 and 2027)
Figure 28. North America: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. North America: Railway Braking System Market Revenue Share, by Type(2019 and 2027)
Figure 30. North America: Railway Braking System Market Revenue Share, by Train Type (2019 and 2027)
Figure 31. North America: Railway Braking System Market Revenue Share, by Key Country (2019 and 2027)
Figure 32. US: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Canada: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Mexico: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Europe: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Europe: Railway Braking System Market Revenue Share, By Type (2019 and 2027)
Figure 37. Europe: Railway Braking System Market Revenue Share, By Train Type (2019 and 2027)
Figure 38. Europe: Railway Braking System Market Revenue Share, By Country (2019 and 2027)
Figure 39. Germany: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. France: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Italy: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. UK: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Russia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Rest of Europe: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. APAC: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. APAC: Railway Braking System Market Revenue Share, By Type (2019 and 2027)
Figure 47. APAC: Railway Braking System Market Revenue Share, By Train Type (2019 and 2027)
Figure 48. APAC: Railway Braking System Market Revenue Share, By Country (2019 and 2027)
Figure 49. Australia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. China: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. India: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Japan: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. South Korea: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. Rest of APAC: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. MEA: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. MEA: Railway Braking System Market Revenue Share, by Type (2019 and 2027)
Figure 57. MEA: Railway Braking System Market Revenue Share, by Train Type (2019 and 2027)
Figure 58. MEA: Railway Braking System Market Revenue Share, by Key Country (2019 and 2027)
Figure 59. South Africa: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. Saudi Arabia: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. UAE: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Rest of MEA: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. SAM: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. SAM: Railway Braking System Market Revenue Share, by Type (2019 and 2027)
Figure 65. SAM: Railway Braking System Market Revenue Share, by Train Type (2019 and 2027)
Figure 66. SAM: Railway Braking System Market Revenue Share, by Key Country (2019 and 2027)
Figure 67. Brazil: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. Argentina: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. Rest of SAM: Railway Braking System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 74. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Railway Braking System Market
- ABB Ltd.
- Akebono Brake Industry Co., Ltd
- Alstom SA
- Amsted Rail
- DAKO-CZ, a.s
- Frimatrail Frenoplast S.A
- Knorr-Bremse AG
- Nabtesco Corporation
- Sabre Rail Services Ltd.
- Wabtec Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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