Railway Friction Material Market

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.

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

Global Railway Friction Material Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Railway Friction Material Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Railway Friction Material companies in 2021 (%)

The global Railway Friction Material market was valued at 2072.6 million in 2021 and is projected to reach US$ 2713.4 million by 2028, at a CAGR of 3.9% during the forecast period.

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

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

The global key manufacturers of Railway Friction Material include Knorr-Bremse, Wabtec Corporation, Tianyi Group, Akebono Brake Industry, Bremskerl, Tribo, Escorts Group, PURAN and CRRC Qishuyan Locomotive Co., Ltd., etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Railway Friction Material 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 Friction Material Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Friction Material Market Segment Percentages, by Type, 2021 (%)

Brake Blocks

Brake Pads

Brake Shoes

Others

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

Global Railway Friction Material Market Segment Percentages, by Application, 2021 (%)

Freight Wagons

High Speed Rail

Passenger Wagons

Locomotive

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

Global Railway Friction Material 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 Friction Material revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Railway Friction Material revenues share in global market, 2021 (%)

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

Key companies Railway Friction Material sales share in global market, 2021 (%)

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

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