The global electro-pneumatic train brakes market is expected to be valued at USD 9,050 Million in 2022, reaching USD 14,600 Million by 2032, growing at a CAGR of 4.9% from 2022 to 2032.
Electro-pneumatic train brakes are modern rolling stock braking systems that outperform traditional pneumatic brakes in terms of performance. Electro-pneumatic train brakes are essential components of train safety systems.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2022) | USD 9,050 Million |
| Anticipated Forecast Value (2032) | USD 14,600 Million |
| Projected Growth Rate (2022 to 2032) | 4.9% CAGR |
As a result of increased train production and repair activities, demand for electro-pneumatic brakes is expected to grow significantly in the coming years.
The railway is an efficient, dependable, and popular mode of mass transportation for both passengers and freight. Train brakes have evolved to reliably and safely stop the train as technology has advanced and train speed and load have increased.
The operational lag of traditional pneumatic braking systems is overcome by electro-pneumatic train brakes. They use electronic controls to control traditional air brakes more quickly, increasing effectiveness, and reliability, optimizing air pressure control, and reducing stopping distance.
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Railways are an essential component of public transportation systems and are expected to play an important role in the coming years, owing to increasing passenger density and regional globalization. Governments around the world are investing heavily in the development of railway infrastructure, which is propelling the electro-pneumatic train brakes market forward.
As technology advances, high-speed trains gain traction, necessitating the use of dependable high-speed and load braking systems. Furthermore, in order to meet the growing demand for transportation, governments around the world are investing in strengthening their railway networks, which is expected to boost the growth of the electro-pneumatic train brakes market.
The growing inclination toward safety and security, as well as the stringent rules and regulations implemented by authorities and governments in developed and developing countries to ensure the safety of passengers and freight, is a major driver for the growth of the electro-pneumatic train brakes market.
Railway transportation, demand for low-cost transportation, and government investment in railway infrastructure for intelligent braking systems may stymie growth.
Also, the complicated design of the braking system, as well as the high demand for intelligent braking systems in trains, are acting as market restraints for electro-pneumatic train brakes during the forecasted period, while a lack of performance will challenge the market's growth.
With booming industrialization, rapid urbanization, and population growth, Asia Pacific is experiencing a need for a proper transportation network, which is expected to fuel the growth of the electro-pneumatic train brakes market during the forecast period. Also, Asia-Pacific leads the electro-pneumatic train brakes market due to a higher rate of adoption of train transportation for communication, as well as an increasing population and demand for cost-effective and safe modes of transportation, particularly for long-distance destinations in this region.
The market for electro-pneumatic train brakes in emerging nations such as China and India is expected to grow significantly over the projected period due to rising government expenditures on the country's public transportation and high-speed rail networks.
Europe is expected to account for a sizable portion of the global electro-pneumatic train brakes market. The region's market is expected to be driven by an increase in the demand for repair and refurbishment. Rail freight transport in Europe was estimated to be nearly 400 billion ton-kilometers in 2019. This aspect of increasing freight transport and rail passengers is boosting the railway sector's growth and motivating governments around the world to invest heavily in rail projects.
Trains are carriage-based cars on rails that are not powered to ensure safe passenger and goods mobility. They can be pulled by one or more locomotives or self-propelled; self-propelled passenger trains are known as multiple units or railcars. Passenger trains to shuttle passengers between stations or depots where they can board and disembark. As a result, the passenger train segment will significantly drive market demand over the forecast period.
The global electro-pneumatic train brakes market participants are focusing on improving the robustness and reliability of their electro-pneumatic braking systems.
Knorr Brake Company, Wabtec Corporation, DAKO-CZ A.S., and Mitsubishi Heavy Industries, Ltd. are some of the market participants operating in the global electro-pneumatic train brakes market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.9% from 2022 to 2032 |
| Market Value in 2022 | USD 9,050 Million |
| Market Value in 2032 | USD 14,600 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Brake Type, Train Type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, BENELUX, Australia & New Zealand, China, Japan, South Korea, India, ASIAN, GCC Countries, Turkey, South Africa |
| Key Companies Profiled | Knorr Brake Company; Wabtec Corporation; DAKO-CZ A.S.; Mitsubishi Heavy Industries Ltd.; JSC MTZ TRANSMASH; Nabtesco Corporation; Akebono Brake Industry Co. Ltd.; Escorts Limited; Parker Hannifin Corporation; Voith Gmbh & Co. KGaA; Schaltbau GmbH |
| Customization | Available Upon Request |
FMI projects the global Electro-pneumatic train brakes market to expand at a 4.9% value CAGR by 2032.
Asia Pacific is expected to be the most opportunistic Electro-pneumatic train brakes market.
Knorr Brake Company, Wabtec Corporation, DAKO-CZ A.S., and Mitsubishi Heavy Industries, Ltd. are some prominent Electro-pneumatic train brakes manufacturers.
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Electro-Pneumatic Train Brakes Market
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