07-Feb-2020 | Facts and Factors
Facts and Factors has authored “Train Brake Shoes Market By Train Type (Freight Type and Transit Type), By Product Type (OEM and Aftermarket) and Distribution Channel (Direct Sales and Third Party Sales): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. The report predicts the global train brake shoe market to reach around USD 650million by 2026. The global train brake shoe market is anticipated to register a significant CAGR of nearly 3% between 2020 and 2026
Train braking is a crucially complex phenomenon which is specific to trains and which is of vital importance owing to the critical contribution to traffic safety. This complexity stems from the fact that abundant phenomena of various kinds occur during braking viz. thermal, mechanical, electrical, pneumatic, etc. These actions take place at different points of the train and act with variable intensities. The main challenge is that, for the desired scope, every part has to interact favorably to provide safe, effective and correct braking actions.
Browse the full “Train Brake Shoes Market By Train Type (Freight Type and Transit Type), By Product Type (OEM and Aftermarket) and Distribution Channel (Direct Sales and Third Party Sales): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” report at https://www.fnfresearch.com/train-brake-shoes-market-by-train-type-freight
The increasing number of trains across the globe is a key aspect driving the train brake shoe market: The passengers‘ preferences for traveling by train is increasing day by day. This has tremendously increased the total number of trains to meet this surging demand which has further resulted in the augmentation of train brake shoes market globally.
The brake shoe holds the lining, which is engrossed to the brake shoe. When the brake is functional, the shoe pushes the lining to press the inner surface of the drum. Braking motion is produced by the friction between the lining and brake drum. These benefits have surged the target market growth over the past few years. Increasing investment on the improvement of rail network especially in China, India, Canada and some South American countries, the demand for train brake shoe is anticipated to witness a rapid surge over the forecast period.
By train type, the transit type segment led the global train brake shoe market by accounting a share of almost 55% owing to increasing passenger traffic across the globe. Being a safer travel option than roadways, consumers are now preferring train travel which is further driving the growth of this segment. In terms of product type, the aftermarket segment dominated the global market by generating revenues worth approximately USD 290 million in 2019. However, the rapid penetration of new players offering cheaper and bulk deals to train manufacturers is a key factor driving the growth of the OEM segment. On the basis of the distribution channel, the third-party segment observed a major share in 2019. This segment accounted for nearly 60% of the total market on account of the presence of numerous dealers and agents coupled with increasing inclination of train manufacturers to procure brake shoes from third party vendors owing to lower prices and faster delivery times.
Geographically, the global train brake shoe market was dominated by Asia-Pacific by generating revenues worth nearly USD 200 million in 2019. This dominance is majorly attributed to the increasing population in China and India, rising tourism across Southeast Asian countries as well as penetration of metro trains in major cities of India, Indonesia, and Australia. However, North America is set to witness the second-fastest growth of around 3% over the forecast period.
Some of the essential players operating in the train brake shoes market, but not restricted to include Knorr Bremse AG, Wabtec Corporation, DAKO-CZ A.S., AKEBONO Brake Industry, Co. Ltd., Nabtesco Corporation, Hindustan Composites Ltd. and others.
The taxonomy of the train brake shoes market by its scope and segmentation is as follows:
Global Train Brake Shoes Market: By Train Type Segmentation Analysis
- Freight Type
- Transit Type
Global Train Brake Shoes Market: By Product Type Segmentation Analysis
Global Train Brake Shoes Market: By Distribution Channel Segmentation Analysis
- Direct Sales
- Third Party Sales
Global Train Brake Shoes Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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