Press release
Revolution on Rails: Train Locomotive Suspension Market Set for Dynamic Growth Through 2032
Train locomotive Suspension Market
Moreover, it minimizes the transmission of shocks caused by variations in the trackbed to the locomotive underframe. Furthermore, 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
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Key Market Players
Continental AG, Nippon Steel & Sumitomo Metal Corporation, ALCO Spring Industries Inc., Koni - Enidine Rail, Growag, Stucki Company, Atlas Copco North America LLC, Knorr - Bremse, SuomenVaimennin, ARNOT Vibration Solutions
Top Impacting Factors
Rise in advanced & precise suspension system, surge in government investment towards railway development, and increase in demand for electric locomotives are expected to drive growth of the market.
However, a high preference for air transport and increase in demand for high-speed maglev train can hamper growth of the market.
Moreover, the digitalization of trains, advancement of solar-powered trains, and popularity of traveling via railways act as various opportunities for the growth of the market.
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Digitalization of train
The rise in demand for smart, environmentally sustainable, and user-friendly mobile systems contributes to the development of global transportation. The use of cloud computing, the internet of things (IoT), automation, robotics, and big data analytics for digital train control and automation. Digitization will lead to improvement in the overall efficiency and safety of railway infrastructure. Thus, the rise in digitization will drive the demand for the development of new trains which may boost the growth of the train locomotive suspension market
By 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)
Questions Answered in the train Report
Which are the leading market players active in the train locomotive suspension 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 train locomotive suspension market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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