Press release
Electro Pneumatic Train Brakes Industry Growth Outlook: 4.2% CAGR and $11.74 Billion by 2029
Electro Pneumatic Train Brakes Market
What Is the Long-Term Growth Forecast for the Electro Pneumatic Train Brakes Market Size 2025?
There has been a consistent growth in the electro pneumatic train brakes market size over the years. The market, which stood at $9.56 billion in 2024, is anticipated to rise to $9.95 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%. The growth experienced during the historic period has been fueled by factors such as urbanization and population boom, the need for efficacious braking systems for high-speed trains, heightened concentration on passenger safety, an upsurge in train production and maintenance activities, as well as the expansion of urban rail transit initiatives.
What CAGR is Forecasted for the Electro Pneumatic Train Brakes Market Through 2029?
Expectations indicate that the electro pneumatic train brakes market will experience consistent growth over the next few years, with projections estimating a market size of $11.74 billion by 2029. This represents a compound annual growth rate (CAGR) of 4.2%. The reasons driving growth during this forecast period include the modernization requirement of rail transportation, an increased number of train accidents, enhancements in trade and transport requirements, a surge in passenger numbers, and significant investment in railway infrastructure. Over the same timeframe, the market should witness several key trends, such as next-gen braking technologies, a rising demand for high-speed trains that require state-of-the-art braking technology, technological advancements in railway systems, innovative features like regenerative braking and predictive maintenance, and incorporation of contemporary control technologies.
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What Are the Critical Factors Driving Electro Pneumatic Train Brakes Market Development?
The escalation in train mishaps is anticipated to boost the expansion of the electro-pneumatic train brakes market in the future. Unforeseen, detrimental occurrences involving trains leading to destruction, harm, or fatality are referred to as train accidents. The surging count of train mishaps can be attributed to infrastructure inadequacies, human failings, signaling errors, and amplified traffic. Electro-pneumatic train brakes facilitate competent and swift braking management, thus reducing risks in train calamities by offering fast response durations and exact braking modifications. For example, in March 2024, according to the European Commission, a Belgium-based government organization, the EU disclosed 1,615 substantial railroad mishaps in 2022, denoting a 15.9% escalation from 2021. These accidents triggered 808 deaths and 593 severe injuries. Consequently, the mounting count of train mishaps stimulates the growth of the electro-pneumatic train brakes market.
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How Does the Electro Pneumatic Train Brakes Market Break Down Across Major Segments?
The electro pneumatic train brakes market covered in this report is segmented -
1) By Brake Type: Self-Lapping Brakes, Variable Load Control, Retardation Controllers, P-Wire Control
2) By Train Type: Passenger Trains, Metro Trains, High-Speed Trains, Freight Trains, Other Train Types
3) By Application: Railway Lines, Subway, Other Applications
Subsegments:
1) By Self-Lapping Brakes: Pneumatically Actuated Self-Lapping Brakes, Electrically Controlled Self-Lapping Brakes
2) By Variable Load Control: Dynamic Load Control Brakes, Static Load Control Brakes
3) By Retardation Controllers: Pneumatic Retardation Controllers, Electro-Pneumatic Retardation Controllers
4) By P-Wire Control: Analog P-Wire Control Systems, Digital P-Wire Control Systems
What Are the Major Trends Transforming the Electro Pneumatic Train Brakes Industry?
Major firms in the electro-pneumatic train brakes industry are channeling their investments towards improving brake systems for enhanced safety, optimized braking efficiency, and to meet stringent regulatory requirements. These investments are geared towards creating advanced, dependable, and efficient braking systems for better safety and train performance. In line with this, in January 2024, Wabtec, a renowned brake technology firm in the U.S., received a contract worth $157 million from Siemens, a prominent automation company based in Germany. The contract was to supply brake systems for 1,200 electric locomotives manufactured for Indian Railways. Demonstrating their mutual commitment, Wabtec will deliver brake systems from its Hosur plant for over a decade and maintain these services for a staggering 35 years. These cutting-edge brake systems deployed into the new 9,000HP locomotives will not only increase operational efficiency but also safety, incorporating state-of-the-art technology.
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Which Players Are Driving Innovation in the Electro Pneumatic Train Brakes Market?
Major companies operating in the electro pneumatic train brakes market are Mitsubishi Heavy Industries Ltd., Parker Hannifin Corporation, Wabtec Corporation, Voith GmbH & Co. KGaA, Akebono Brake Industry Co. Ltd., Nabtesco Corporation, Escorts Limited, Schaltbau GmbH, New York Air Brake Corporation, JSC MTZ TRANSMASH, Knorr Brake Company LLC, DAKO-CZ A.S., Yujin Machinery Ltd., Pintsch Bamag GmbH, Uflow Automation, KES GmbH & Co. KG, Faiveley Transport Witten gmbh, Microelettrica Scientifica Ltd., Nanjing Kangni Mechanical & Electrical Co. Ltd., Hitachi Rail
Which Regions Are Driving Global Electro Pneumatic Train Brakes Market Expansion?
Asia-Pacific was the largest region in the electro pneumatic train brakes market in 2024. The regions covered in the electro pneumatic train brakes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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