The forecast for the import of brakes and parts thereof for railway rolling stock to the UK indicates a continuous decline from 2024 to 2028. In 2023, the volume stood at 2.505 million kilograms. The import volume is projected to decrease year-on-year by -1.76% from 2024 to 2025, -1.76% from 2025 to 2026, -1.76% from 2026 to 2027, and another -1.76% from 2027 to 2028. The compound annual growth rate (CAGR) for the period from 2023 to 2028 is approximately -1.76%, indicating a consistent declining trend over these years.
Future trends to watch for include:
- Potential shifts in UK transportation policies that may influence railway infrastructure investment.
- Advancements in brake technology could alter demand dynamics for specific parts.
- Global supply chain fluctuations could impact import volumes and trends.