As the global economy mends, the 2021 growth of Railway Brake Pads will have significant change from previous year. According to our (LP Information) latest study, the global Railway Brake Pads market size is USD million in 2022 from USD 1304.8 million in 2021, with a change of % between 2021 and 2022. The global Railway Brake Pads market size will reach USD 1795.7 million in 2028, growing at a CAGR of 4.7% over the analysis period.
The United States Railway Brake Pads market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Railway Brake Pads market, reaching US$ million by the year 2028. As for the Europe Railway Brake Pads landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Railway Brake Pads players cover Knorr-Bremse, Wabtec Corporation, Tianyishangjia New Material, and Akebono Brake Industry, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Brake Pads market by product type, application, key manufacturers and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Composite Brake Pads
Powder Metallurgy Brake Pads
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Freight Wagons
Passenger Wagons
High Speed Rail
Locomotive
Subway/Light Rail
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, 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