Railway Brake Pads Market

Railway brake pads are an integral part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc in order to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses high co-efficient of friction. Increase in demand for efficient braking during high speeds has led to the expansion of brake pad market.

Railway Brake Pads Market contains market size and forecasts of Railway Brake Pads in global, including the following market information:

Global Railway Brake Pads Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Railway Brake Pads Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Railway Brake Pads companies in 2021 (%)

The global Railway Brake Pads market was valued at 1372.4 million in 2021 and is projected to reach US$ 1843.6 million by 2028, at a CAGR of 4.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Composite Brake Pads Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Railway Brake Pads include Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, Akebono Brake Industry, Bremskerl, Tribo, Puran Railway Braking, CRRC Qishuyan Institute and Escorts Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Railway Brake Pads manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Railway Brake Pads Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Brake Pads Market Segment Percentages, by Type, 2021 (%)

Composite Brake Pads

Powder Metallurgy Brake Pads

Global Railway Brake Pads Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Brake Pads Market Segment Percentages, by Application, 2021 (%)

Freight Wagons

Passenger Wagons

High Speed Rail

Locomotive

Subway/Light Rail

Global Railway Brake Pads Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Brake Pads Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Railway Brake Pads revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Railway Brake Pads revenues share in global market, 2021 (%)

Key companies Railway Brake Pads sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Railway Brake Pads sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Knorr-Bremse

Wabtec Corporation

Tianyishangjia New Material

Akebono Brake Industry

Bremskerl

Tribo

Puran Railway Braking

CRRC Qishuyan Institute

Escorts Group

Flertex

Frimatrail Frenoplast

Railway Star Fortune High-Tech

Masu Brakes

Huatie Tongda

Youcaitec Material