Press release
Railway Friction Material Market Size 2021 CAGR Status, Share, Growth Prospects, Type, Manufacturers, Segments, Development Trends with Covid-19 Impact till 2027 | Escorts Railway Division,Wabtec Corporation,Knorr-Bremse,Tribo,Akebono
The “Railway Friction Material Market” report describes in detail the demand and consumption of various products/services related to the market growth dynamics during the forecast period of 2021-2027. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown and opportunity assessment. This global Railway Friction Material Market report guarantees rich data on various market opportunities. The report includes strong research from expert analysts.The Railway Friction Material Market size is estimated to grow at a CAGR of 7.2% for 2021-2027.
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This report covers introduce companies associated with the Railway Friction Material Market:
Escorts Railway Division,Wabtec Corporation,Knorr-Bremse,Tribo,Akebono,Beijing Tianyishangjia New Material Corp,CRRC Qishuyan Institute Co.,Ltd,Beijing Puran Railway Braking High-Tech Co.,Ltd,Beijing Railway Star Fortune High-Tech Co.,Ltd,Bosun Tools,TOKAI Carbon,Miba,Bremskerl,Carlisle,EBC Brakes Group,FLERTEX,Rane Group,MASU
Recent Development
Wabtec
Wabtec has acquired 42 companies, including 14 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 2 assets. Wabtec’s largest acquisition to date was in 2018, when it acquired GE Transportation for $11.1B. Wabtec has acquired in 11 different US states, and 10 countries. The Company’s most targeted sectors include machinery (34%) and manufacturing (18%).
Knorr-Bremse
Knorr-Bremse has acquired 0 companies. It has also divested 1 asset. Knorr-Bremse is a manufacturer of braking systems for rail and commercial vehicles. Knorr-Bremse was formed in 1998 and is based in Munich, Germany.
Market segment by Type, covers
Brake Blocks
Brake Pads
Brake Shoes
Others
Market segment by Application, covering
Train
EMU
High-speed Rail
Others
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The Asia-Pacific Region is Expected to Dominate the Market
Asia-Pacific is expected to dominate the global market due to the vast industrial and automotive sectors in China and India, coupled with the continuous investments done in the region to advance the construction sector.
The growing demand for trucks, buses, trains, industrial machines, and robots in China and India drives the demand for friction materials in various applications.
The Chinese automotive manufacturing industry is the largest in the world. The industry witnessed a slowdown in 2018, wherein production and sales declined. A similar trend continued, with production witnessing a 7.5% decline in 2019. Additionally, the production volume reached 25.23 million vehicles in 2020, registering a decline rate of about 2% compared to 2019.
As the pandemic spread, many auto companies across the country shut down their manufacturing activities due to the nationwide shutdown. In addition to the auto companies based in Hubei, Tesla’s new factory in Shanghai was shut down and postponed the production date of its Model 3. Moreover, Volkswagen postponed production at all of its Chinese plants that run in partnership with SAIC.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2021-2027) of the following regions are covered:
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Some of the most significant insights gathered through the business intelligence study on the global Railway Friction Material Market consists:
Key regions and leading countries in global Railway Friction Material Market
Distribution network changes due to COVID19 pandemic
Key consumer segments are expected to drive global demand for the Railway Friction Material market regional policy framework and regulatory guidelines.
Projected CAGR in the forecast period 2021 to 2027
Analysis of historical and current consumer buying trends related to the global Railway Friction Material market.
Technological advancements and innovative products can completely change the Railway Friction Material market.
Companies that held the leading share in the market during the historic years
Table of Contents: Railway Friction Material Market
- Chapter 1: Outline of Railway Friction Material Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Producers Presentation and market Information
- Chapter 8: Upstream and Downstream Market Investigation
- Chapter 9: Fetched and Net Edge Investigation
- Chapter 10: Marketing Status Investigation
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference
Impact of COVID-19 on the Railway Friction Material Market:
The rise of COVID-19 has moderated showcase development; in any case, the market is continuously picking up pace due to rising lockdowns. The sudden increment in CAGR is due to the request and extension of this market, which is an ability to return to pre-pandemic levels once the widespread, is gone.
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