Analysis of Train Suspension System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Railways are an integral part of the public transportation system across the globe and will play a key role in developing future commutation due to increasing public density, urbanization and changing travel behaviour across the world. A rail vehicle goes through various stresses and vibrations occurring due to rolling stock applications. Tran suspension systems are used to minimise the transmission of shocks caused by variations in the track bed to the locomotive under frame.
There are mainly two types of train suspension systems used generally: primary suspension system and secondary suspension system. The primary suspension system is located between the axle box & the bogie and consists of dampers & springs, whereas the secondary suspension system is located between the bogie frame & the vehicle and consists of a pneumatic suspension system (an airbag).
Owing to the crucial function of the train suspension system, the demand for advanced and precise suspension systems for trains is estimated to witness significant growth in the coming years. This is anticipated to contribute to the growth of the global train suspension system market during the forecast period.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
The growing population in metropolitan areas and the increasing number of office workers, particularly in developing countries, are among factors projected to drive the global train suspension system market during the forecast period.
In urban economies, governments are focusing on investing a large amount of money to promote the introduction of large-scale transport infrastructure, such as high speed rails and bullet trains, to increase the speed of passenger transport. Government investments on railways is one of the key factors driving the train suspension system market in the coming years.
Freight rail networks are considered among the most dynamic freight systems across the world. The growing mining industry and steel production will increase the requirement for heavy rails to transport these materials, and this is expected to boost the demand for proper train suspension systems, thus fuelling the growth of the global train suspension system market.
Increasing air traffic as well as increasing preference for air transport for faster travelling is one of the key factors that is likely to hinder the growth of the railway industry. This is expected to directly or indirectly restrain the global market for train suspension systems during the forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Over the last few years, smart railway stations have cropped up in several countries. Governments are focusing on renovating their rail transport hubs for making their railway stations more attractive. In India, the Ministry of Railway and Ministry of Urban Development have teamed up to achieve the smart city mission. In Spain, International Union of Railways (UIC) and Spanish rail infrastructure manager ADIF have come together to achieve the goal of “Smart Stations in Smart Cities.”
Hence, the sprawling railway infrastructure in the developing countries of Asia Pacific and Europe is estimated to propel the demand for a larger number of rail vehicles, which is expected to fuel the growth of the train suspension system market during the forecast period. Increasing number of rail passengers in the U.S. with the government focussing on high-speed train projects is expected to boost the market of train suspension systems in North America.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Some of the major players in the global train suspension system market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global train suspension system market can be segmented by type of element, suspension type and by train type.
By type of element, the global train suspension system market can be segmented as:
By suspension type, the global train suspension system market can be segmented as:
By train type, the global train suspension system market can be segmented as:
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesPre Book
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
The global market for train suspension systems is anticipated to expand at a CAGR of more than 3% through 2028.
Which suspension type is most commonly used in trains? There are two major types of suspension systems: primary suspension system and secondary suspension system that are used in trains.
Rising population of metropolitan areas along with growing count of office workers, especially in developing nations, are driving train suspension system demand.
Need An Exclusive Report For Your Unique Requirement?