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High Speed Train Braking Systems Market Size | Forecast 2030

High Speed Train Braking Systems Market

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Segments - by Types (Disc Brakes, Eddy Current Brakes, and Electric Brakes), Applications (Average Speed At Least 150km/H Train, Average Speed At Least 200km/H Train, and Average Speed At Least 250km/H Train), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Trends, Size, And Forecast 2021–2028

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Author :

Akash Vedpathak

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Amulya Agarwal

Editor :

Shreyas Tandon

Report Description

The global high speed train braking systems market is expected to reach USD 10.86 billion by 2028, expanding at a CAGR of 3.5% during the forecast period, 2021–2028. The growth of the market is attributed to the rising number of railway route and increasing production of advanced features such as sensors connected to the train braking system.

A braking system is a mechanical arrangement that offers the conversion of the vehicle’s kinetic energy into the heat energy, which helps to stop or slow down the speed of a vehicle or train. A high speed train braking system ensures the proper maintenance of train speed, carry capacity, and quantity of cars for each train. Some of the common braking technologies adopted in high speed train include electric brakes, air brakes, and eddy current brakes. Moreover, several innovative braking systems have been developed due to technological advancements including hydraulic brake or wing plate brake that help boost the demand for the braking system. Additionally, the MATLAP/Simulink is used to simulate the actual future use and setting up a high-speed train electro-hydraulic brake system model to ensure the safety operation of high-speed train.

The expansion of high-speed train is rapidly increasing across the globe due to rising demand for wide connectivity. The brake technologies play a significant role for the safety of the train operation as well as passengers on board. Unlike the traditional brake system, the advancement of new light weight and high reliability products are able to ensure quick and effective function of the braking system.

Market Drivers, Restraints, Trends, and Opportunities

Increasing volume of goods and packages transporting through railways network has resulted in the rise number of train operations, which is anticipated to demand for effective braking system, thereby, fueling the market growth.
Building new rail infrastructure and increasing investments to expand train connectivity are predicted to grow the market revenue.
Compared to other transportations, railway is considered as safe, secure, and economically soothing mode of transportation, which is expected to drive the market growth.
High cost of the braking system and natural calamities such as landslides are key restraining factors projected to hamper the market growth during the analysis period.
Ongoing R&D activities in train braking system from key players are presenting numerous opportunities for the market expansion.

Scope of the Report

The report on the global high speed train braking systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in this report.

Attributes	Details
Report Title	High Speed Train Braking Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Disc Brakes, Eddy Current Brakes, and Electric Brakes), Applications (Average Speed At Least 150km/H Train, Average Speed At Least 200km/H Train, and Average Speed At Least 250km/H Train)
Regional Scope	Asia Pacific, Europe, North America, Latin America, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast
Key Players Covered in the Report	ATD, Becorit, Knorr-Bremse, Wabtec, and Westinghouse Electric Company

Global High Speed Train Braking Systems Market Segment Insights

In terms of types, the market is divided into disc brakes, eddy current brakes, and electric brakes. The disc brakes segment is expected to constitute a major share during the forecast period due to its higher usage and effective functioning of brake system. The disc brakes are mainly used in subway trains. Moreover, the combination of the pad materials and brake disc can enhance properties such as maximum heat and wear resistance, due to which disc brakes are widely applied for higher braking performance. However, the electric brakes segment is estimated to hold a significant share of the market during the analysis period owing to cost-effective and effective result of brake operation.

Based on applications, the global high speed train braking systems market is segmented into average speed at least 150km/h train, average speed at least 200km/h train, and average speed at least 250km/h train. The average speed at least 150km/h train segment is anticipated to account for a major share during the forecast period due to rising number of the types of trains and significant use of the trains for commercial transport of goods. However, the average speed at least 250km/h train segment is estimated to hold a substantial share of the market during the analysis period owing to increasing government investment for faster trains to expand geographical connection to boost economic trade among neighboring countries especially in the developing regions.

In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America constituted a large market share in 2020 and is projected to hold a large share of the market during the forecast period owing to wide establishment of railway lines and increasing spending on modern equipment to upgrade the existing railway infrastructure. The presence of numerous global players in the region can be a key driving factor for the regional market growth. Meanwhile, the market of Asia Pacific is expected to expand at a robust CAGR in the coming years owing to growing number of train commuters and expansion of regional trade areas connected by railways network in the region.

Segments

The global high speed train braking systems market has been segmented on the basis of

Types

Disc Brakes
Eddy Current Brakes
Electric Brakes

Applications

Average Speed at Least 150km/h Train
Average Speed at Least 200km/h Train
Average Speed at Least 250km/h Train

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Competitive Landscape

Major players competing in the global high speed train braking systems market include ATD, Becorit, Knorr-Bremse, Wabtec, and Westinghouse Electric Company. Some of these companies are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.

High Speed Train Braking Systems Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Train Braking Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Speed Train Braking Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Speed Train Braking Systems Market - Supply Chain
  4.5. Global High Speed Train Braking Systems Market Forecast
     4.5.1. High Speed Train Braking Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Speed Train Braking Systems Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. High Speed Train Braking Systems Market Absolute $ Opportunity
5. Global High Speed Train Braking Systems Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. High Speed Train Braking Systems Market Size and Volume Forecast by Types
     5.3.1. Disc Brakes
     5.3.2. Eddy Current Brakes
     5.3.3. Electric Brakes
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global High Speed Train Braking Systems Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     6.3.1. Average Speed at Least 150km/h Train
     6.3.2. Average Speed at Least 200km/h Train
     6.3.3. Average Speed at Least 250km/h Train
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global High Speed Train Braking Systems Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. High Speed Train Braking Systems Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global High Speed Train Braking Systems Demand Share Forecast, 2019-2026
8. North America High Speed Train Braking Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America High Speed Train Braking Systems Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America High Speed Train Braking Systems Market Size and Volume Forecast by Types
     8.4.1. Disc Brakes
     8.4.2. Eddy Current Brakes
     8.4.3. Electric Brakes
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     8.7.1. Average Speed at Least 150km/h Train
     8.7.2. Average Speed at Least 200km/h Train
     8.7.3. Average Speed at Least 250km/h Train
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America High Speed Train Braking Systems Demand Share Forecast, 2019-2026
9. Latin America High Speed Train Braking Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America High Speed Train Braking Systems Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America High Speed Train Braking Systems Market Size and Volume Forecast by Types
     9.4.1. Disc Brakes
     9.4.2. Eddy Current Brakes
     9.4.3. Electric Brakes
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     9.7.1. Average Speed at Least 150km/h Train
     9.7.2. Average Speed at Least 200km/h Train
     9.7.3. Average Speed at Least 250km/h Train
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America High Speed Train Braking Systems Demand Share Forecast, 2019-2026
10. Europe High Speed Train Braking Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe High Speed Train Braking Systems Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe High Speed Train Braking Systems Market Size and Volume Forecast by Types
     10.4.1. Disc Brakes
     10.4.2. Eddy Current Brakes
     10.4.3. Electric Brakes
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     10.7.1. Average Speed at Least 150km/h Train
     10.7.2. Average Speed at Least 200km/h Train
     10.7.3. Average Speed at Least 250km/h Train
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe High Speed Train Braking Systems Demand Share Forecast, 2019-2026
11. Asia Pacific High Speed Train Braking Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific High Speed Train Braking Systems Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific High Speed Train Braking Systems Market Size and Volume Forecast by Types
     11.4.1. Disc Brakes
     11.4.2. Eddy Current Brakes
     11.4.3. Electric Brakes
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     11.7.1. Average Speed at Least 150km/h Train
     11.7.2. Average Speed at Least 200km/h Train
     11.7.3. Average Speed at Least 250km/h Train
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific High Speed Train Braking Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa High Speed Train Braking Systems Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa High Speed Train Braking Systems Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa High Speed Train Braking Systems Market Size and Volume Forecast by Types
     12.4.1. Disc Brakes
     12.4.2. Eddy Current Brakes
     12.4.3. Electric Brakes
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa High Speed Train Braking Systems Market Size and Volume Forecast by Applications
     12.7.1. Average Speed at Least 150km/h Train
     12.7.2. Average Speed at Least 200km/h Train
     12.7.3. Average Speed at Least 250km/h Train
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa High Speed Train Braking Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global High Speed Train Braking Systems Market: Market Share Analysis
  13.2. High Speed Train Braking Systems Distributors and Customers
  13.3. High Speed Train Braking Systems Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. ATD
     13.4.2. Becorit
     13.4.3. Knorr-Bremse
     13.4.4. Wabtec
     13.4.5. Westinghouse Electric Company

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