Global Market Research
I added a sitemap.xml file to my site (see Why is my sitemap file considered empty?), and google is saying the xml is invalid.
Posts
Railway Friction Materials Market to Reach USD 3,404 Million by 2031 – Strategic Moves by Key Players Drive Growth
The global Railway Friction Materials Market size reached 2,534 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 3,404 USD Million by 2031, exhibiting a growth rate (CAGR) of 4.3% during 2025-2031. Market Overview The global Railway Friction Materials Market reached USD 2,534 million in 2024 . According to a new report by MarketsGlob Market Research , the market is expected to grow at a CAGR of 4.3% and reach USD 3,404 million by 2031 . This growth is driven by rising railway safety standards, increasing passenger rail demand, and upgrades in braking technology. Key players are also making strategic moves to strengthen their market share. Strategic Developments by Major Companies Knorr-Bremse Enters North American Signaling Market In September 2024 , Knorr-Bremse acquired Alstom’s conventional rail signaling business in North America for around €630 million . This move helps Knorr-Bremse grow its presence in control and safety systems. The deal ...