Wheel Flange Lubrication System Market Scope
A flange refers to the placing a rim on the perimeter of a wheel through which wheel is kept on the rail. Flanged system that is placing rim on the wheel parameter is useful for Freight Trains which carry heavy load on daily basis. The lubrication system distributes oil to the moving parts of rail which mainly decrease friction between surfaces that is railway track and surface of wheel which rub against each other. Effective wheel flange lubrication decreases the friction between rail vehicle wheels and the rails which results less wear and tear of wheels which also saves cost pf maintenance. Use of biodegradable oils for the lubrication is known as one of the advanced step taken by lubrication system manufacturers. This biodegradable oil reduces noise emissions which also reduce the impact on the environment and it decreases wear of wheel and rail systems. This wheel flange lubrication system provides longer life of wheel and rail by avoiding extreme friction and it providing excellent lubrication during bending and switching on track. Increasing transportation through railways, raising railway network across the globe, increasing population and raised investments and infrastructure of railway network is impacting on the demand for wheel flange lubrication system.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Knorr-Bremse Group (Geramny), SKF (Sweden), REBS Zentralschmiertechnik GmbH (Geramny), Schunk(Geramny), Secheron Hasler (Switzerland), Bijur Delimon International (United States), Mersen(France), Rowe Hankins (United Kingdom), Group HES(United Kingdom) and LINCOLN INDUSTRIAL CORP. (United States) |
CAGR | % |
There are various companies are operating in the market to provides effective wheel flange lubrication system to the market. Increased demand for wheel flange lubrication system to avoid wear of the wheel and railways is impacting on the market entry by new market players. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Knorr-Bremse Group (Geramny), SKF (Sweden), REBS Zentralschmiertechnik GmbH (Geramny), Schunk(Geramny), Secheron Hasler (Switzerland), Bijur Delimon International (United States), Mersen(France), Rowe Hankins (United Kingdom), Group HES(United Kingdom) and LINCOLN INDUSTRIAL CORP. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wheel Flange Lubrication System market by Type , by Application (High Speed Trains, Freight Trains and Passenger Trains) and Region with country level break-up.
On the basis of geography, the market of Wheel Flange Lubrication System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Wheel Flange Lubrication System Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - More prone towards biodegradable oils for wheel flange lubrication
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Key Restraints | - Chance of getting grace on running surface of wheel pairs may restrain the demand
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Challenges | - Limitations for heavy load carrying railways due to chance of getting grace on running surface
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Market Opportunities | - Non-toxic and environmental free biodegradable oils for lubrication is providing more opportunity to the market owing to its increased demand
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Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Wheel Flange Lubrication System Manufacturers, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries