Report overview
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.
This report contains market size and forecasts of Railway Friction Material in global, including the following market information:
Global Railway Friction Material Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Railway Friction Material Market Sales, 2018-2023, 2023-2030, (K Units)
Global top five Railway Friction Material companies in 2022 (%)
The global Railway Friction Material market was valued at 2219 million in 2022 and is projected to reach US$ 2866 million by 2030, at a CAGR of 3.7% during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Powder Metallurgy Brake Pads Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Railway Friction Material include Knorr-Bremse, Wabtec Corporation, Bremskerl, Akebono, FLERTEX, Tribo, Escorts Railway Division, EBC Brakes Group and TOKAI Carbon, etc. In 2022, 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, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Railway Friction Material Market Segment Percentages, by Type, 2022 (%)
Powder Metallurgy Brake Pads
Synthetic Brake Pads
Synthetic Brake Shoe
Other
Global Railway Friction Material Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Railway Friction Material Market Segment Percentages, by Application, 2022 (%)
Freight Wagons
High Speed Rail
Passenger Wagons
Locomotive
Global Railway Friction Material Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Railway Friction Material Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (Estimated), ($ millions)
Key companies Railway Friction Material revenues share in global market, 2022 (%)
Key companies Railway Friction Material sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Railway Friction Material sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Knorr-Bremse
Wabtec Corporation
Bremskerl
Akebono
FLERTEX
Tribo
Escorts Railway Division
EBC Brakes Group
TOKAI Carbon
Rane Group
Miba
Beijing Tianyishangjia New Material Corp
Beijing Puran Railway Braking High-Tech
CRRC
YFC
Beijing Railway Star Fortune High-Tech
BOSUN
Youcaitec Material
Huatie
