Railway Friction Material Market Size was estimated at USD 2014.3 million in 2021 and is projected to reach USD 2668.6 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.
Global Railway Friction Material Market Overview:

Global Railway Friction Material Market Report 2022 comes with the extensive industry analysis byMarket IntelliX with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of Railway Friction Material involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

Scope of the Railway Friction Material Market

The Railway Friction Material Market Research report incorporate value chain analysis for each of the product type. Value chain analysis offers in depth information about value addition at each stage.The study includes drivers and restraints for Railway Friction Material Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting thegrowth of the market. Research report includes major key player analysis with shares of each player inside market, growth rate and market attractiveness in different endusers/regions. Our study Railway Friction Material Market helps user to make precise decision in order to expand their market presence and increase market share.

Impact of COVID-19 on Railway Friction Material Market

Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Railway Friction Material market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Global Railway Friction Material Market Segmentation

Global Railway Friction Material Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;

By Type, Railway Friction Material market has been segmented into:

Brake Blocks

Brake Pads

Brake Shoes

Other

By Application, Railway Friction Material market has been segmented into:

Freight Wagons

High Speed Rail

Passenger Wagons

Locomotive

Regional Analysis:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Competitive Landscape:

Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market.The Railway Friction Material market study focused on including all the primary level, secondary level and tertiary level competitors in the report. The data generated by conducting the primary and secondary research.The report covers detail analysis of driver, constraints and scope for new players entering the Railway Friction Material market.

Top Key Players Covered in Railway Friction Material market are:

Knorr-Bremse

Wabtec Corporation

Tianyi Group

Akebono Brake Industry

Bremskerl

Tribo

Escorts Group

PURAN

CRRC Qishuyan Locomotive Co.

Ltd.

Flertex

Beijing Railway Star Fortune High-Tech Co.

Ltd

BOSUN

Guangdong Huatie Tongda High-speed Railway Equipment Corporation

Youcaitec Material Co.

Ltd.

JiLing Dongbang

Schunk Carbon Technology

Morgan Advanced Materials

Yiyang Group

Mersen

Vanguard Tech

LiaoNing HongDe Electrical Carbon Products Co.

LTD

Doneka

EBC Brakes Group

TOKAI Carbon

Rane Group

Miba

Masu Brakes

Objective to buy this Report:

1. Railway Friction Material analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.

2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.

3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.

4. The report starts with Railway Friction Material market statistics and moves to important points, with dependent markets categorized by market trend by application.

5. Applications of market may also be assessed based on their performances.

6. Other market attributes, such as future aspects, limitations and growth for all departments.

Chapter 1: Introduction

 1.1 Research Objectives

 1.2 Research Methodology

 1.3 Research Process

 1.4 Scope and Coverage

  1.4.1 Market Definition

  1.4.2 Key Questions Answered

 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

 3.1 By Type

 3.2 By Application

Chapter 4: Market Landscape

 4.1 Porter's Five Forces Analysis

  4.1.1 Bargaining Power of Supplier

  4.1.2 Threat of New Entrants

  4.1.3 Threat of Substitutes

  4.1.4 Competitive Rivalry

  4.1.5 Bargaining Power Among Buyers

 4.2 Industry Value Chain Analysis

 4.3 Market Dynamics

  4.3.1 Drivers

  4.3.2 Restraints

  4.3.3 Opportunities

  4.5.4 Challenges

 4.4 Pestle Analysis

 4.5 Technological Roadmap

 4.6 Regulatory Landscape

 4.7 SWOT Analysis

 4.8 Price Trend Analysis

 4.9 Patent Analysis

 4.10 Analysis of the Impact of Covid-19

  4.10.1 Impact on the Overall Market

  4.10.2 Impact on the Supply Chain

  4.10.3 Impact on the Key Manufacturers

  4.10.4 Impact on the Pricing

Chapter 5: Railway Friction Material Market by Type

 5.1 Railway Friction Material Market Overview Snapshot and Growth Engine

 5.2 Railway Friction Material Market Overview

 5.3 Brake Blocks

  5.3.1 Introduction and Market Overview

  5.3.2 Historic and Forecasted Market Size (2016-2028F)

  5.3.3 Key Market Trends, Growth Factors and Opportunities

  5.3.4 Brake Blocks: Geographic Segmentation

 5.4 Brake Pads

  5.4.1 Introduction and Market Overview

  5.4.2 Historic and Forecasted Market Size (2016-2028F)

  5.4.3 Key Market Trends, Growth Factors and Opportunities

  5.4.4 Brake Pads: Geographic Segmentation

 5.5 Brake Shoes

  5.5.1 Introduction and Market Overview

  5.5.2 Historic and Forecasted Market Size (2016-2028F)

  5.5.3 Key Market Trends, Growth Factors and Opportunities

  5.5.4 Brake Shoes: Geographic Segmentation

 5.6 Other

  5.6.1 Introduction and Market Overview

  5.6.2 Historic and Forecasted Market Size (2016-2028F)

  5.6.3 Key Market Trends, Growth Factors and Opportunities

  5.6.4 Other: Geographic Segmentation

Chapter 6: Railway Friction Material Market by Application

 6.1 Railway Friction Material Market Overview Snapshot and Growth Engine

 6.2 Railway Friction Material Market Overview

 6.3 Freight Wagons

  6.3.1 Introduction and Market Overview

  6.3.2 Historic and Forecasted Market Size (2016-2028F)

  6.3.3 Key Market Trends, Growth Factors and Opportunities

  6.3.4 Freight Wagons: Geographic Segmentation

 6.4 High Speed Rail

  6.4.1 Introduction and Market Overview

  6.4.2 Historic and Forecasted Market Size (2016-2028F)

  6.4.3 Key Market Trends, Growth Factors and Opportunities

  6.4.4 High Speed Rail: Geographic Segmentation

 6.5 Passenger Wagons

  6.5.1 Introduction and Market Overview

  6.5.2 Historic and Forecasted Market Size (2016-2028F)

  6.5.3 Key Market Trends, Growth Factors and Opportunities

  6.5.4 Passenger Wagons: Geographic Segmentation

 6.6 Locomotive

  6.6.1 Introduction and Market Overview

  6.6.2 Historic and Forecasted Market Size (2016-2028F)

  6.6.3 Key Market Trends, Growth Factors and Opportunities

  6.6.4 Locomotive: Geographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis

 7.1 Competitive Landscape

  7.1.1 Competitive Positioning

  7.1.2 Railway Friction Material Sales and Market Share By Players

  7.1.3 Industry BCG Matrix

  7.1.4 Heat Map Analysis

  7.1.5 Railway Friction Material Industry Concentration Ratio (CR5 and HHI)

  7.1.6 Top 5 Railway Friction Material Players Market Share

  7.1.7 Mergers and Acquisitions

  7.1.8 Business Strategies By Top Players

 7.2 KNORR-BREMSE

  7.2.1 Company Overview

  7.2.2 Key Executives

  7.2.3 Company Snapshot

  7.2.4 Operating Business Segments

  7.2.5 Product Portfolio

  7.2.6 Business Performance

  7.2.7 Key Strategic Moves and Recent Developments

  7.2.8 SWOT Analysis

 7.3 WABTEC CORPORATION

 7.4 TIANYI GROUP

 7.5 AKEBONO BRAKE INDUSTRY

 7.6 BREMSKERL

 7.7 TRIBO

 7.8 ESCORTS GROUP

 7.9 PURAN

 7.10 CRRC QISHUYAN LOCOMOTIVE CO.

 7.11 LTD.

 7.12 FLERTEX

 7.13 BEIJING RAILWAY STAR FORTUNE HIGH-TECH CO.

 7.14 LTD

 7.15 BOSUN

 7.16 GUANGDONG HUATIE TONGDA HIGH-SPEED RAILWAY EQUIPMENT CORPORATION

 7.17 YOUCAITEC MATERIAL CO.

 7.18 LTD.

 7.19 JILING DONGBANG

 7.20 SCHUNK CARBON TECHNOLOGY

 7.21 MORGAN ADVANCED MATERIALS

 7.22 YIYANG GROUP

 7.23 MERSEN

 7.24 VANGUARD TECH

 7.25 LIAONING HONGDE ELECTRICAL CARBON PRODUCTS CO.

 7.26 LTD

 7.27

 7.28 DONEKA

 7.29 EBC BRAKES GROUP

 7.30 TOKAI CARBON

 7.31 RANE GROUP

 7.32 MIBA

 7.33 MASU BRAKES

Chapter 8: Global Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 8.1 Market Overview

 8.2 Historic and Forecasted Market Size By Type

  8.2.1 Brake Blocks

  8.2.2 Brake Pads

  8.2.3 Brake Shoes

  8.2.4 Other

 8.3 Historic and Forecasted Market Size By Application

  8.3.1 Freight Wagons

  8.3.2 High Speed Rail

  8.3.3 Passenger Wagons

  8.3.4 Locomotive

Chapter 9: North America Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 9.1 Key Market Trends, Growth Factors and Opportunities

 9.2 Impact of Covid-19

 9.3 Key Players

 9.4 Key Market Trends, Growth Factors and Opportunities

 9.4 Historic and Forecasted Market Size By Type

  9.4.1 Brake Blocks

  9.4.2 Brake Pads

  9.4.3 Brake Shoes

  9.4.4 Other

 9.5 Historic and Forecasted Market Size By Application

  9.5.1 Freight Wagons

  9.5.2 High Speed Rail

  9.5.3 Passenger Wagons

  9.5.4 Locomotive

 9.6 Historic and Forecast Market Size by Country

  9.6.1 U.S.

  9.6.2 Canada

  9.6.3 Mexico

Chapter 10: Europe Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 10.1 Key Market Trends, Growth Factors and Opportunities

 10.2 Impact of Covid-19

 10.3 Key Players

 10.4 Key Market Trends, Growth Factors and Opportunities

 10.4 Historic and Forecasted Market Size By Type

  10.4.1 Brake Blocks

  10.4.2 Brake Pads

  10.4.3 Brake Shoes

  10.4.4 Other

 10.5 Historic and Forecasted Market Size By Application

  10.5.1 Freight Wagons

  10.5.2 High Speed Rail

  10.5.3 Passenger Wagons

  10.5.4 Locomotive

 10.6 Historic and Forecast Market Size by Country

  10.6.1 Germany

  10.6.2 U.K.

  10.6.3 France

  10.6.4 Italy

  10.6.5 Russia

  10.6.6 Spain

  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 11.1 Key Market Trends, Growth Factors and Opportunities

 11.2 Impact of Covid-19

 11.3 Key Players

 11.4 Key Market Trends, Growth Factors and Opportunities

 11.4 Historic and Forecasted Market Size By Type

  11.4.1 Brake Blocks

  11.4.2 Brake Pads

  11.4.3 Brake Shoes

  11.4.4 Other

 11.5 Historic and Forecasted Market Size By Application

  11.5.1 Freight Wagons

  11.5.2 High Speed Rail

  11.5.3 Passenger Wagons

  11.5.4 Locomotive

 11.6 Historic and Forecast Market Size by Country

  11.6.1 China

  11.6.2 India

  11.6.3 Japan

  11.6.4 Singapore

  11.6.5 Australia

  11.6.6 New Zealand

  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 12.1 Key Market Trends, Growth Factors and Opportunities

 12.2 Impact of Covid-19

 12.3 Key Players

 12.4 Key Market Trends, Growth Factors and Opportunities

 12.4 Historic and Forecasted Market Size By Type

  12.4.1 Brake Blocks

  12.4.2 Brake Pads

  12.4.3 Brake Shoes

  12.4.4 Other

 12.5 Historic and Forecasted Market Size By Application

  12.5.1 Freight Wagons

  12.5.2 High Speed Rail

  12.5.3 Passenger Wagons

  12.5.4 Locomotive

 12.6 Historic and Forecast Market Size by Country

  12.6.1 Turkey

  12.6.2 Saudi Arabia

  12.6.3 Iran

  12.6.4 UAE

  12.6.5 Africa

  12.6.6 Rest of MEA

Chapter 13: South America Railway Friction Material Market Analysis, Insights and Forecast, 2016-2028

 13.1 Key Market Trends, Growth Factors and Opportunities

 13.2 Impact of Covid-19

 13.3 Key Players

 13.4 Key Market Trends, Growth Factors and Opportunities

 13.4 Historic and Forecasted Market Size By Type

  13.4.1 Brake Blocks

  13.4.2 Brake Pads

  13.4.3 Brake Shoes

  13.4.4 Other

 13.5 Historic and Forecasted Market Size By Application

  13.5.1 Freight Wagons

  13.5.2 High Speed Rail

  13.5.3 Passenger Wagons

  13.5.4 Locomotive

 13.6 Historic and Forecast Market Size by Country

  13.6.1 Brazil

  13.6.2 Argentina

  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources