High Speed Train Braking Systems Market 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
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.
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 (000’ 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