According to the new market research report “Railway Braking System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Railway Braking System market size is projected to reach USD 3.91 billion by 2030, at a CAGR of 5.2% during the forecast period.
- Global Railway Braking System MarketSize(US$ Million), 2019-2030
Source: QYResearch, “Railway Braking System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Railway Braking System TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, “Railway Braking System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Railway Braking System include Knorr Bremse, Wabtec, etc. In 2023, the global top three players had a share approximately 49.0% in terms of revenue.
- Railway Braking System,Global Market Size, Split by Product Segment
Source: QYResearch, “Railway Braking System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Air Brake System is the largest segment, hold a share of 69.5%.
- Railway Braking System,Global Market Size, Split by ApplicationSegment
Source: QYResearch, “Railway Braking System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Freight is the largest segment, hold a share of 70.3%.
Market Drivers:
Increasing Railway Investments: Growing investments in railway infrastructure and expansion projects globally, particularly in emerging economies, drive the demand for advanced braking systems.
Restraint:
Technological Complexity: The complexity of modern braking technologies may require specialized skills and training for installation and maintenance, posing challenges for some operators.
Opportunity:
High-Speed Rail Projects: Increasing investments in high-speed rail projects worldwide drive demand for advanced braking systems capable of handling high speeds and ensuring safety.
About The Authors
Kang Qi – Lead Author
Email: kangqi@qyresearch.com
Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.
About QYResearch
QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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