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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
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Train Brake Shoes Market
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Industry Insights
This professional and specialized report study examines the technical and business perspective of the train brake shoes industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the train brake shoes market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall train brake shoes market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (K Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the train brake shoes market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the train brake shoes market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the train brake shoes market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the train brake shoes market.
The research study provides a critical assessment of the train brake shoes industry by logically segmenting the market on the basis of train type, product type, distribution channel, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the train brake shoes industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
A brake shoe is an integral component of a braking system that transfers the brake lining used on trains. Brake shoes are friction plates that press against the brake drums to slow the speed of the rotating wheels and stop the train. Brake shoes are necessary for trains to stop them by applying a force. This force is used to push blocks on to wheels or pads on to discs.
The increasing number of trains across the globe, rising governmental investment towards the enhancement of the rail network as well as increasing renovation of railway components are some of the key factors driving the train brake shoe market. However, increasing competition among players as well as volatility in raw material prices are some key aspects anticipated to impede the market over the forecast period.
The train brake shoes market is segmented based on train type, product type, and distribution channel. On the basis of train type, the market is classified into freight type and transit type. In terms of product type, the market is bifurcated into OEM and aftermarket. Based on the distribution channel, the train brake shoe market is classified into direct sales and third-party sales.
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
- OEM
- Aftermarket
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
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
- Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
- Direct and Indirect Rationales Impacting the Industry
- In-depth and Micro Analysis of Viable Segments and Sub-segments
- Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
- Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
- Key Buyers and End-Users Analysis
- Value Chain and Manufacturing Cost Structure Analysis wherever relevant
- Key Marketing Strategies as well as Key Sales Channels adopted in the market
- Investment Opportunity Analysis & Patents Analysis wherever feasible
- Technological Road Map & Technical Analysis
- Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)
Covid-19
Train Brake Shoes Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Table of Content
Covid-19
Train Brake Shoes Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Key Insights from Primary Research
- Our primary respondents believed the market to witness a steady growth of 3% over the forecast period on account of rising passenger traffic coupled with supportive governmental policies especially across some Asian and European countries.
- Some of the CXOs predict the aftermarket segment to maintain its dominance throughout 2026 due to increasing number of local and third party vendors offering cost-effective and durable products than OEMs. However, they also conveyed that OEMs are now partnering with local and domestic players to increase their goodwill in the ever competitive market ecosystem.
- Some of the railway authorities interviewed in Asia-Pacific revealed that the third party sales channel is expected to generate considerable revenues for the train brake shoe industry. Reason being the increasing number of local vendors opting to serve larger contracts coupled with easy availability of raw materials.
- Regionally, Asia-Pacific region is expected to boost the global train brake shoe market. Some of the interviewees said that their future plans are to focus majorly on catering the railway authorities of China and India. They believe that the Chinese and Indian rail networks are expected to continue witnessing significant growths on account of the ever increasing population and increasing demand for efficient and comfortable railway transit.
- The automotive and mechanical subject matter experts suggest to invest in R&D activities to come up with newer, cheaper and more efficient railway braking systems. They believe that these advanced systems will witness widespread acceptance across the value chain and even in the aftermarket.
Key Recommendations from Analysts
- Our analysts recommend to focus on the Asia-Pacific train brake shoe market since their calculations revealed that this region turned out to be the top investment pocket across the globe.
- The major reason behind the surging growth and lucrative opportunities underlying in this region is the increasing passenger traffic and rising preference for advanced and more comfortable rail transportation system.
- Europe, on the other hand, is expected to foresee a robust growth of around 2% per annum. This is majorly attributed to the modernization of the older railway infrastructure, rising renovation activities as well as formation of newer railway authorities in the developing countries of the region.
- Increasing mining and metallurgical procedures in Latin America, especially in Chile, Peru and Argentina, is expected to drive the freight type segment in the region. The FnF analysts estimated the freight type segment in Latin America to generate revenues worth USD 20 million by the end of the forecast period.
- The executive summary of the report reads the total incremental opportunity underlying in the global train brake shoe market is nearly USD 130 million between 2020 and 2026.
Train Brake Shoe – Cost Structure
Covid-19
Train Brake Shoes Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Industry Major Market Players
- Knorr Bremse AG
- Wabtec Corporation
- DAKO-CZ A.S.
- AKEBONO Brake Industry Co. Ltd.
- Nabtesco Corporation
- Hindustan Composites Ltd.
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