As the global economy mends, the 2021 growth of Railway Friction Material will have significant change from previous year. According to our (LP Information) latest study, the global Railway Friction Material market size is USD million in 2022 from USD 1970.5 million in 2021, with a change of % between 2021 and 2022. The global Railway Friction Material market size will reach USD 2637.5 million in 2028, growing at a CAGR of 4.3% over the analysis period.
The United States Railway Friction Material 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 Friction Material market, reaching US$ million by the year 2028. As for the Europe Railway Friction Material 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 6-year period.
Global main Railway Friction Material players cover Knorr-Bremse, Wabtec Corporation, Tianyi Group, 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 Friction Material 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
Brake Blocks
Brake Pads
Brake Shoes
Others
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Freight Wagons
High Speed Rail
Passenger Wagons
Locomotive
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
Tianyi Group
Akebono Brake Industry
Bremskerl
Tribo
Escorts Group
PURAN
CRRC Qishuyan Locomotive Co., Ltd.
Flertex
Beijing Railway Star Fortune High-Tech Co.,Ltd
BOSUN
Guangdong Huatie Tongda High-speed Railway Equipment Corporation
Youcaitec Material Co., Ltd.
JiLing Dongbang
Schunk Carbon Technology
Morgan Advanced Materials
Yiyang Group
Mersen
Vanguard Tech
LiaoNing HongDe Electrical Carbon Products Co., LTD,
Doneka
EBC Brakes Group
TOKAI Carbon
Rane Group
Miba
Masu Brakes