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2021
Rail Vehicle Bogie Market

Rail Vehicle Bogie Market by Product Type (2-axle bogies, 3-axle bogies and others), Application (Subway Train, Normal - Speed Railway Train and High - Speed Railway Train): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12752
Pages: NA
Oct 2021 | 159 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Rail Vehicle Bogie Market Outlook 2030 -

The bogie or train's bogie is an integral part of all the trains (locomotives, freight wagons, subways, etc.). It is a frame placed under the train to which the wheels of railway vehicles are attached. The train bogie has a suspension system and an independent braking system to maintain the flexibility and comfort of the train at each stage of transport. It is also responsible for maintaining the quality of the train, using the wheels to guide along the track, and play a good buffering effect during the train's operation. Apart from this, it is used to stop rail vehicles and prevent them from passing through the physical part of the track. It is designed according to the structure of the train and its engine, providing a cost-effective solution for transportation. Train bogies can be driven mechanically with train motors or with electric motors.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

 Value (USD)

  Segments covered

Type, Application and Region

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

  Companies covered

CRRC Sifang Co., Ltd., Amsted Rail, Tatravagónka, Siemens AG, Kawasaki, Alstom, Bombardier, NSSMC, WBN Waggonbau Niesky GmbH, Titagarh Group, Jiangsu Railteco Equipment Co., Ltd., Ganz Moto, PROMEC srl

 

COVID-19 Impact analysis

The outbreak of the Coronavirus Disease (COVID19) has imposed huge restrictions on the railway parts market in 2020, as trade restrictions have disrupted the supply chain, and the government's global blockade has led to a decline in consumption. However, the market is expected to resume growth after the lockdown, as the government will launch many new projects to maintain social distancing, as people will pay more attention to the safety and clean air of bogies after the pandemic. During the forecast period, these measures may promote the production of new bogies and required railway components.

Top Impacting Factors

  • The rising awareness among people about the cost-effectiveness and eco-friendly mode of transport, I.e., railway, Stringent rules and regulation by the government regarding the safety of the passenger and the goods transported and increased research and development in the rail sector are driving the Global Rail Vehicle Bogie market.
  • Increased use of Internet of Things (IoT) is a major factor restraining the growth of the Global Rail Vehicle Bogie Market.
  • Increase in developments of Metro projects, expansion of electrified network rail route and increase investment in rail infrastructure and expansion of rail network in densely populated regions are creating new opportunities for the players operating in the Global Rail Vehicle Bogie Market.

Market Trends

Powered or Motorized Bogies

Due to the increasing adoption of electric bogie designs around the world, the bogie share of the rail components market is expected to occupy the largest market share during the forecast period. Therefore, many locomotives, multiple units, such as high-speed trains and public transport vehicles (such as suburban trains, subways, light rail vehicles, and trams) are equipped with motorized or powered bogies. A typical power train comprises a set of wheels, a gearbox, and a traction motor. More complex designs are equipped with hollow shafts and couplings to reduce unsprung mass. The longitudinal propulsion (drive) system consists of a helical gearbox and a Cardan shaft. The hydraulic diesel propulsion system mainly includes a gearbox and a Cardan shaft, which connects the two bogies to the main gearbox, and the hydraulic gearbox system is connected to the diesel engine. The rail bogie has received investment in research and development in recent years. In the future, the company will be committed to creating safe and efficient bogie designs for locomotives and embedding digital devices based on Internet of Things (IoT) principles. These collaborative innovations have created opportunities for further improvement in the field of bogie rail components worldwide.

Key segments covered:

Segments

Subsegments

  Type

  • 2-axle bogies
  • 3-axle bogies
  • Others

  Application

  • Subway Train
  • Normal - Speed Railway Train
  • High - Speed Railway Train

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the rail vehicle bogies industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of rail vehicle bogies market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the rail vehicle bogies market growth scenario.
  • The report provides a detailed rail vehicle bogie market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the rail vehicle bogies market research report:

  • Which are the leading market players active in the rail vehicle bogies market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the rail vehicle bogies market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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