Product Code: ETC104207 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Railway brake pads are used in the braking system of railway vehicles. These pads provide friction for slowing down or stopping a train`s motion. With advances in technology, these brakes have become increasingly efficient and reliable. The Indonesia railway brake pads market is expected to grow at a CAGR of 0.9% during the forecast period of 2025-2031.
The growing demand for high efficiency and safety from rail systems has resulted in the adoption of advanced materials such as carbon ceramic composite, metal matrix composites (MMCs), and ceramics for making brake pads among other components on trains which has led to an increase in investment by original equipment manufacturers (OEMs) into research & development activities related to innovation and design changes across different types of railway brakes including disc brakes air brakes pneumatics etc., leading to growth opportunities within this industry segment going forward. Additionally, increasing government initiatives towards promoting public transportation modes like railways is expected to fuel up investments into modernizing existing infrastructure along with replacement of old parts with more efficient ones thus positively impacting the overall market landscape going forward.
Indonesia is witnessing massive investments around various sectors including infrastructure projects such as port construction & modernization roadways metros railways etc., thereby driving up demand for railway components such as brake padswithin this region consequently having a positive impact on revenue generation opportunities over time, Governments across countries are focusing upon incentivizing people towards using ecofriendly / sustainable modes of transport that do not interfere much with nature?s balance which further includes encouraging people to switchover from private owned vehicles like cars trucks buses etc., toward public transport systems such as trains bussesmetroshigh speed rails etc., resulting in higher demand for its constituent parts including rail break padssubsequently leadingto an expansion within this industry space.
The COVID-19 pandemic has had a major impact on the Indonesia railway brake pads market. The global economic slowdown as a result of the pandemic has resulted in reduced investments from both domestic and international industry players. This, in turn, has led to decreased demand for railway brakes and their components, including brake pads. In addition, travel restrictions implemented during the lockdown period further hampered the growth of this sector due to reduced passenger traffic.
The Indonesia railway brake pad market is facing several challenges that are hindering its growth. These include lack of skilled labor force for installation of these components as well as high cost associated with maintenance and repair services due to limited availability of parts and services providers in some areas across Indonesia. Additionally, inadequate infrastructure such as bridges and tunnels coupled with aging assets have also posed significant operational challenges for these manufacturers over time. Moreover, uncertain government regulations related to safety standards can pose potential risks for manufacturers operating in this sector if not adhered properly by them over extended periods of time.
Some key players involved in producing railway brake pads in Indonesia include PT Surya Wirawan Perkasa (SWP), PT Adita Logam Diperkasa (ALD), PT Anugerah Teknik Mandiri (ATM) and PT Mitra Jaya Padu Abadi (MJPA). All these companies have been providing quality products to meet various requirements pertaining to braking systems used on trains operating across different regions within Indonesia including Jakarta Light Rail Transit system or JLRT network managed by state owned enterprise known as Kereta Api Indonesia or KAI group.