Global Railway Braking System Market Is Expected To Reach $13.8 Billion By 2030- An Exclusive Market Research Report By Lucintel

By Author: Lucintel LLC
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Lucintel's latest study found that, the future of the global railway braking system market looks promising with opportunities in the metro, monorail, high-speed train, light rail/tram, and freight train markets. The global railway braking system market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 4.1% from 2024 to 2030.
The major drivers for this market are rising preference among individuals for rail transit as their chosen mode of transportation, expansion of railway initiatives for constructing fresh rail networks and lines, encompassing metro systems, monorails, and high-speed rail, and increasing volume of packages and trade activities within countries.
In this market, pneumatic brake, electrodynamic brake, mechanical brake, and electromagnetic brake are the major segments of railway braking system market by type.
Lucintel forecasts that pneumatic brake will remain the largest segment over the forecast period due to its increasing adoption in metros and subways, along with the ongoing technological advancements the pneumatic braking systems as they are becoming familiar among ...
... specialized freight operations and main line passenger railways.
Browse in depth TOC of the Railway Braking System Market:
100 - Figures
150-Pages
Railway Braking System Market is marked by presence of several big and small players. Knorr-Bremse, Wabtec Corporation, Dako-CZ, Frenoplast, Icer Rail, Akebono Brake Industry, and Nabtesco Corporation are the major suppliers in the railway braking system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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