The future of the global railway braking system market looks promising with opportunities in the metro, monorail, high-speed train, light rail/tram, and freight train markets. The global railway braking system market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 4.1% from 2024 to 2030.
The major drivers for
this market are rising preference among individuals for rail transit as their
chosen mode of transportation, expansion of railway initiatives for
constructing fresh rail networks and lines, encompassing metro systems,
monorails, and high-speed rail, and increasing volume of packages and trade
activities within countries.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the railway braking system market
by type (pneumatic brake, electrodynamic brake, mechanical brake, and
electromagnetic brake), train type (metros, monorail, high-speed trains, light
rail/trams, and freight trains), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
pneumatic brake, electrodynamic brake, mechanical brake, and electromagnetic
brake are the major segments of railway braking system market by type. Lucintel
forecasts that pneumatic brake will remain the largest segment over the
forecast period due to its increasing adoption in metros and subways, along
with the ongoing technological advancements the pneumatic braking systems as
they are becoming familiar among specialized freight operations and main line
passenger railways.
Within this market,
light rail/trams will remain the highest growing segment over the forecast
period.
APAC will remain the
highest growing region over the forecast period due to execution of multiple
initiatives aimed at linking established routes within the Pan Asia railway
network, as well as, rising population in the countries like India and China.
Knorr-Bremse, Wabtec
Corporation, Dako-CZ, Frenoplast, Icer Rail, Akebono Brake Industry, and
Nabtesco Corporation are the major suppliers in the railway braking system
market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
2. Marine Port and Service Market
4. Recreational Boating Market
5. Ship-to-Shore Smart Port Crane Market
6. Marine Actuator and Valve Market
8. Automated Container Terminal Market
No comments:
Post a Comment