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Global Railway Braking System Market Size Study & Forecast, By Braking Type (Pneumatic Brake, Electrodynamic Brake, Mechanical Brake, and Electromagnetic Brake), By Train Type (Passenger Trains and Freight Trains), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GBF4F7A0F956EN
Bizwit Research & Consulting LLP

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Global Railway Braking System Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Railway Braking System is an essential safety feature in trains, responsible for slowing down and stopping moving trains safely. It comprises various components and technologies that work together to apply braking force to the train's wheels or axles, ensuring control over speed and stopping distance. These systems assist in maintaining safe railway operations, undergoing regular testing and maintenance to meet stringent safety standards. The Railway Braking System Market is expanding because of factors such as the growing focus on reducing carbon emissions and improving energy efficiency in transportation, growing demand for both passenger and freight transport by rail drives, along stringent safety regulations and focus on safety enhancements.

In addition, the rising emphasis on the expansion and modernization of railway infrastructure, including high-speed rail networks and urban transit systems, creates a demand for advanced braking systems capable of supporting faster speeds, heavier loads, and improved operational efficiency. For instance, in August 2023, Indian Railways announced its proactive efforts to implement a Production-Linked Incentive (PLI) program. This initiative is designed to boost domestic manufacturing of key components like wheels, brakes, and transmission systems used in Linke Hofmann Busch (LHB) and Vande Bharat train sets. Thus, these aforementioned factors are propelling the growth of the Railway Braking System Market during the estimated period. Moreover, the rise of electronic braking systems with computer control and sensor technology, as well as the increasing urbanization and congestion reduction present various lucrative opportunities over the forecast years. However, the high installation and maintenance costs and the integration challenges with existing infrastructure are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Railway Braking System Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising expansion and growing railway networks. The region's significant investment in rail infrastructure, including the development of new lines and expansions of existing networks, fuels the demand for advanced braking systems. Asia Pacific serves as a central hub for high-speed rail operations, with countries such as Japan, China, and South Korea expanding their networks and necessitating advanced braking technology. Governments in the region prioritize railway safety by implementing stringent regulations, which in turn escalate the demand for innovative braking solutions. Whereas North America is expected to grow at a substantial CAGR over the forecast years. The imperative to modernize older train braking systems presents avenues for market growth. The surge in demand for passenger and freight transport, coupled with the ongoing technological advancements, such as the development of electronic braking systems, regenerative braking, and automated braking systems are significantly propelling the market demand across the region.

Major market players included in this report are:

ABB Limited

Akebono Brake Industry Co. Ltd.

Alstom S.A

Amsted Rail

DAKO-CZ

Frimatrail Frenoplast S.A

Knorr-Bremse AG

Nabtesco Corporation

Sabre Rail Services Ltd.

Wabtec Corporation

Recent Developments in the Market:
  • In January 2024, Wabtec Corporation secured a substantial order worth USD 157 million (INR 1,300 crore) to provide brake systems to Siemens India for their production of 9000 horsepower (hp) locomotives destined for the Railways. This order is expected to improve operational performance, efficiency, and safety through advanced technology, benefiting a new series of 1,200 electric locomotives, as stated by the American company.
Global Railway Braking System Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Braking Type, Train Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Braking Type:

Pneumatic Brake

Electrodynamic Brake

Mechanical Brake

Electromagnetic Brake

By Train Type:

Passenger Trains

Freight Trains

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Railway Braking System Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Railway Braking System Market, by Braking Type, 2020-2030 (USD Billion)
  1.2.3. Railway Braking System Market, by Train Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL RAILWAY BRAKING SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL RAILWAY BRAKING SYSTEM MARKET DYNAMICS

3.1. Railway Braking System Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing Demand for Both Passenger and Freight Transport by Rail Drives
    3.1.1.2. Rising Expansion and Modernization of Railway Infrastructure
  3.1.2. Market Challenges
    3.1.2.1. High Installation and Maintenance Costs
    3.1.2.2. Integration Challenges with Existing Infrastructure
  3.1.3. Market Opportunities
    3.1.3.1. Rise Of Electronic Braking Systems with Computer Control and Sensor Technology
    3.1.3.2. Increasing urbanization

CHAPTER 4. GLOBAL RAILWAY BRAKING SYSTEM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RAILWAY BRAKING SYSTEM MARKET, BY BRAKING TYPE

5.1. Market Snapshot
5.2. Global Railway Braking System Market by Braking Type, Performance - Potential Analysis
5.3. Global Railway Braking System Market Estimates & Forecasts by Braking Type 2020-2030 (USD Billion)
5.4. Railway Braking System Market, Sub Segment Analysis
  5.4.1. Pneumatic Brake
  5.4.2. Electrodynamic Brake
  5.4.3. Mechanical Brake
  5.4.4. Electromagnetic Brake

CHAPTER 6. GLOBAL RAILWAY BRAKING SYSTEM MARKET, BY TRAIN TYPE

6.1. Market Snapshot
6.2. Global Railway Braking System Market by Train Type, Performance - Potential Analysis
6.3. Global Railway Braking System Market Estimates & Forecasts by Train Type 2020-2030 (USD Billion)
6.4. Railway Braking System Market, Sub Segment Analysis
  6.4.1. Passenger Trains
  6.4.2. Freight Trains

CHAPTER 7. GLOBAL RAILWAY BRAKING SYSTEM MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Railway Braking System Market, Regional Market Snapshot
7.4. North America Railway Braking System Market
  7.4.1. U.S. Railway Braking System Market
    7.4.1.1. Braking Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Train Type breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Railway Braking System Market
7.5. Europe Railway Braking System Market Snapshot
  7.5.1. U.K. Railway Braking System Market
  7.5.2. Germany Railway Braking System Market
  7.5.3. France Railway Braking System Market
  7.5.4. Spain Railway Braking System Market
  7.5.5. Italy Railway Braking System Market
  7.5.6. Rest of Europe Railway Braking System Market
7.6. Asia-Pacific Railway Braking System Market Snapshot
  7.6.1. China Railway Braking System Market
  7.6.2. India Railway Braking System Market
  7.6.3. Japan Railway Braking System Market
  7.6.4. Australia Railway Braking System Market
  7.6.5. South Korea Railway Braking System Market
  7.6.6. Rest of Asia Pacific Railway Braking System Market
7.7. Latin America Railway Braking System Market Snapshot
  7.7.1. Brazil Railway Braking System Market
  7.7.2. Mexico Railway Braking System Market
7.8. Middle East & Africa Railway Braking System Market
  7.8.1. Saudi Arabia Railway Braking System Market
  7.8.2. South Africa Railway Braking System Market
  7.8.3. Rest of Middle East & Africa Railway Braking System Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. ABB Limited
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Akebono Brake Industry Co. Ltd
  8.3.3. Alstom S.A
  8.3.4. Amsted Rail
  8.3.5. DAKO-CZ
  8.3.6. Frimatrail Frenoplast S.A
  8.3.7. Knorr-Bremse AG
  8.3.8. Nabtesco Corporation
  8.3.9. Sabre Rail Services Ltd
  8.3.10. Wabtec Corporation

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Railway Braking System Market, report scope
TABLE 2. Global Railway Braking System Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Railway Braking System Market estimates & forecasts by Braking Type 2020-2030 (USD Billion)
TABLE 4. Global Railway Braking System Market estimates & forecasts by Train Type 2020-2030 (USD Billion)
TABLE 5. Global Railway Braking System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Railway Braking System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Railway Braking System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Railway Braking System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Railway Braking System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Railway Braking System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Railway Braking System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Railway Braking System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Railway Braking System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Railway Braking System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Railway Braking System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Railway Braking System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of Global Railway Braking System Market
TABLE 70. List of primary sources, used in the study of Global Railway Braking System Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Railway Braking System Market, research methodology
FIG 2. Global Railway Braking System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Railway Braking System Market, key trends 2022
FIG 5. Global Railway Braking System Market, growth prospects 2023-2030
FIG 6. Global Railway Braking System Market, porters 5 force model
FIG 7. Global Railway Braking System Market, pest analysis
FIG 8. Global Railway Braking System Market, value chain analysis
FIG 9. Global Railway Braking System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Railway Braking System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Railway Braking System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Railway Braking System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Railway Braking System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Railway Braking System Market, regional snapshot 2020 & 2030
FIG 15. North America Railway Braking System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Railway Braking System Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Railway Braking System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Railway Braking System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Railway Braking System Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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