Industry Background:
Railway Shock Absorbers are an essential feature of a railway bogie's or coach's suspension structure. They are unseen by riders, but their existence is felt when they support the train's weight, reducing vibration and railcar wear for improved stability and comfort. An arrangement of seals is assembled within each Railway Shock Absorber to enable the mechanism to absorb shock impulses. Railway Shock Absorbers are generally hydraulic which reduces shock impulses whenever railway is in motion. They generally operate on diesel or electric locomotives. With the growing investment in railway infrastructure, the demand for Railway Shock Absorbers is also increasing.This growth is primarily driven by Need of Smooth and Comfortable Railway Ride and The demand of Railway Shock Absorbers to Reduce Railway Vibrations.
Globally, a noticeable market trend is evident Growing Innovation to Make More Effective Railway Shock Absorbers. Major Vendors, such as Alstom (France), Koni (Netherlands), Siemens AG (Germany), Suomen Vaimennin (Finland), ACE Controls Inc (United States), Oleo International (United States), Dellner Components (Sweden), Escorts limited (India), Vibratech TVD (United States) and Knorr-Bremse AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th Jan 2021, Alstom announced the acquisition of Bombardier Transportation. Alstom with integrating Bombardier Transportation hopes to strengthen its leadership in the growing sustainable mobility market by reaching a critical size in all geographies and integrating further solutions and assets to better serve its customers worldwide.
In Oct 2015, Escorts, an engineering conglomerate, has introduced a range of a variety of new products aimed at minimizing imports and ensuring smoother travel for Indian railways and metro rail initiatives. LHB Alstom coach dampers, heavy-duty locomotive dampers, rubber to metal bonded devices, friction products such as brake pads, and axle-mounted disc brake systems are among the latest LHB Alstom products.
Market Drivers
- Need of Smooth and Comfortable Railway Ride
- The demand of Railway Shock Absorbers to Reduce Railway Vibrations
Market Trend
- Growing Innovation to Make More Effective Railway Shock Absorbers
Restraints
- The demand of Railway Shock Absorbers Is Dependent on Railway Projects
Opportunities
Growing Investment in Railway Infrastructure by Developing Nations Will Increase the Demand of Railway Shock Absorbers and Technological Advancements in Engineering Will Increase the Demand of Railway Shock Absorbers
Challenges
Structure of Railway Shock Absorbers May Change Drastically According to The Type of Railways and Capital Intensive Nature Railway Shock Absorbers Manufacturing
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Railway Shock Absorbers Study Sheds Light on
— The Railway Shock Absorbers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Railway Shock Absorbers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Railway Shock Absorbers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.