High-speed Rail Friction Material Market
High-speed Rail Friction Material Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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High-speed Rail Friction Material Market Size and Growth
The High-speed Rail Friction Material market is experiencing growth driven by increasing rail infrastructure investments and technology advancements. The market size is projected to reach approximately USD 1.2 billion by 2025, reflecting a CAGR of 6% from 2022. Key trends include sustainability initiatives and demand for enhanced performance materials.
Companies Covered
(Covid 19 Impact Covered)
◍ Knorr-Bremse
◍ Wabtec Corporation
◍ Bremskerl
◍ Akebono
◍ FLERTEX
◍ Tribo
The High-speed Rail Friction Material Market features key players like Knorr-Bremse, Wabtec Corporation, and Akebono, focusing on innovative composites for improved performance and safety. Their advancements enhance rail systems, driving market growth. Notable revenues include Wabtec ($8.5 billion) and Knorr-Bremse (€6.5 billion), reflecting robust demand and investment.
◍ Beijing Tianyishangjia New Material Corp
◍ Beijing Puran Railway Braking High-Tech
◍ CRRC
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