Market Overview:
The global railway air spring market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for urban rail and passenger rail transportation across the globe. Additionally, the growing adoption of advanced technologies in railway air springs is also propelling the growth of this market. The global railway air spring market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into rolling lobe air springs, convoluted air springs, and others. Rolling lobe air springs are expected to hold a major share in this market owing to their high performance and durability as compared to other types of railway air springs available in the market. By application, it can be classified into urban rail transportations systems (metros & light rails), passenger railways systems (high-speed trains & conventional trains), and others including freight railways systems & mining applications).
Product Definition:
A railway air spring is a pneumatic device used to support the weight of railway rolling stock. It consists of an inner rubber tube surrounded by an outer metal casing. When the air pressure inside the tube is increased, the spring expands and supports the weight of the train.
Rolling Lobe Air Spring:
The rolling lobe air spring is a type of pressure control device used in railway applications to provide cushioning and suspension. It consists of an inner tube containing a gas, which is enclosed by two metal plates. As the name suggests, it provides a rolling motion when compressed by the weight of the car above it. The energy stored in this system helps to propel cars up and down grades without any passengers or load being injured or damaged.
Convoluted Air Springs:
Convoluted air springs are used in railway carriages and buses to provide cushioning and suspension. The main function of these air springs is to store energy which can be utilized when the vehicle is in motion. They also help in maintaining the position of various components such as seats, windows, mirrors, etc., by keeping them at desired angles.
Application Insights:
Passenger rail was the largest segment in terms of revenue and accounted for a share of over 60.0% in 2017. The segment is expected to witness significant growth on account of increasing passenger traffic on railways across the globe. Moreover, growing demand for high-speed trains with improved travel experience is likely to fuel industry expansion over the forecast period.
The others application segment includes heavy rail, light rail and monorail systems as well as trams and trolley buses operating on city streets or along dedicated tracks within a city where grade separation occurs naturally such as at railway stations or interchanges between two parallel roads at grade level such as highways or dual carriageways.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for high-quality rolling stock and passenger services coupled with rising infrastructure activities, particularly in China and India.
The European market was valued at USD X million in 2017 and is projected to grow at an estimated CAGR of XX% from 2018 to 2030 owing to stringent regulations regarding rail safety, growing investments by governments for improving railway infrastructure, as well as technological advancements pertaining rolling stock maintenance & repair industry growth are anticipated boost demand for air springs across this region during the forecast period.
Growth Factors:
- Increasing demand for railway air springs from the transportation sector as it offers high performance and fuel efficiency.
- Growing investments in the railway infrastructure by governments across the globe to cater to the increasing demand for rail transport.
- Rising adoption of advanced technologies such as air spring management systems (ASMS) that offer enhanced safety and reliability in railways operations.
- Proliferation of public-private partnerships (PPP) for development of new railway lines, which is expected to create opportunities for growth of Railway Air Spring market over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Air Spring Market Research Report
By Type
Rolling Lobe Air Spring, Convoluted Air Springs, Others
By Application
Urban Rail, Passenger Rail, Others
By Companies
Continental, Bridgestone, TrelleborgVibracoustic, Sumitomo Electric, Toyo Tires, ITT Enidine, Aktas, GMT, Zhuzhou Times
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Railway Air Spring Market Report Segments:
The global Railway Air Spring market is segmented on the basis of:
Types
Rolling Lobe Air Spring, Convoluted Air Springs, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urban Rail, Passenger Rail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- Bridgestone
- TrelleborgVibracoustic
- Sumitomo Electric
- Toyo Tires
- ITT Enidine
- Aktas
- GMT
- Zhuzhou Times
Highlights of The Railway Air Spring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rolling Lobe Air Spring
- Convoluted Air Springs
- Others
- By Application:
- Urban Rail
- Passenger Rail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railway Air Spring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railway air springs are a type of air suspension system that uses compressed air to lift and lower railway cars. The system is typically used on long, high-speed railways.
Some of the major players in the railway air spring market are Continental, Bridgestone, TrelleborgVibracoustic, Sumitomo Electric, Toyo Tires, ITT Enidine, Aktas, GMT, Zhuzhou Times.
The railway air spring market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Air Spring Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Railway Air Spring Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Railway Air Spring Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Railway Air Spring Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Railway Air Spring Market Size & Forecast, 2020-2028 4.5.1 Railway Air Spring Market Size and Y-o-Y Growth 4.5.2 Railway Air Spring Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rolling Lobe Air Spring
5.2.2 Convoluted Air Springs
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Urban Rail
6.2.2 Passenger Rail
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Air Spring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Railway Air Spring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rolling Lobe Air Spring
9.6.2 Convoluted Air Springs
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Urban Rail
9.10.2 Passenger Rail
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rolling Lobe Air Spring
10.6.2 Convoluted Air Springs
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Urban Rail
10.10.2 Passenger Rail
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rolling Lobe Air Spring
11.6.2 Convoluted Air Springs
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Urban Rail
11.10.2 Passenger Rail
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rolling Lobe Air Spring
12.6.2 Convoluted Air Springs
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Urban Rail
12.10.2 Passenger Rail
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rolling Lobe Air Spring
13.6.2 Convoluted Air Springs
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Urban Rail
13.10.2 Passenger Rail
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Railway Air Spring Market: Competitive Dashboard
14.2 Global Railway Air Spring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Bridgestone
14.3.3 TrelleborgVibracoustic
14.3.4 Sumitomo Electric
14.3.5 Toyo Tires
14.3.6 ITT Enidine
14.3.7 Aktas
14.3.8 GMT
14.3.9 Zhuzhou Times