Market Overview:
The global railway high-speed bogie market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-speed trains across the globe. Additionally, government initiatives for development of railways are also fueling the growth of this market. The railway high-speed bogie market is segmented on the basis of type, application and region. On the basis of type, it is divided into H-form bogies and O-form bogies. The H-form bogie segment is expected to hold a major share in this market owing to its advantages such as low noise levels and less wear & tear as compared to other types of bogies. By application, it is classified into freight train and passenger train segments.
Product Definition:
A railway high-speed bogie is a type of railroad freight car that uses a specialized wheel set and suspension system to provide a higher level of performance than traditional designs. Railway high-speed bogies are used primarily in applications where increased speed and reduced weight are important factors, such as on passenger trains.
H-form Bogies:
H-form Bogies, it's usage and growth factor in Railway High-speed Bogie market? H-form bogie or high speed chassis is a type of railway vehicle body which is used to carry the passengers and goods at higher speeds. The design of such vehicles includes front part with two wheels, rear part with four wheels and central section including engine/chassis.
O-form Bogies:
O-form bogies are used in high-speed railway vehicles such as bullet, train, and EMUs. These are mainly used for two reasons: firstly to increase the load carrying capacity of trains and secondly to provide safety during braking or changing speed. The basic structure consists of a mainframe with wheels attached to it by springs which is then covered by an outer shell made from steel or aluminum sheets.
Application Insights:
Passenger train was the largest segment and accounted for a revenue share of more than 60% in 2017. The demand for high-speed bogies is expected to increase owing to the growing passenger traffic on railways across the globe. High-speed railway carriages are designed with more doors, thereby increasing passenger load capacity per carriage. This factor is likely to drive product demand over the forecast period.
The freight train segment is projected to witness significant growth over the coming years due largely to increased industrialization and urbanization in developing countries such as China, India, Brazil and South Korea coupled with stringent government regulations regarding waste disposal at both domestic and international levels coupled with rising environmental concerns has resulted in an increased focus on using alternative modes of transport other than trucks that would otherwise haul goods from origin points A through Z directly into distribution centers across various industries such as automotive, consumer electronics & appliances etcetera which will further increase rail usage resulting in higher demand for HSBs during this period.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. This is attributed to increasing investments by governments for the development of rail infrastructure and growing demand for high-speed trains. For instance, China has planned to spend USD X trillion on building new railways by 2020.
Europe was the second largest regional segment followed by Asia Pacific in 2017 owing to increased spending on passenger rail services and freight transportation coupled with rising adoption of O3g standard coaches across countries such as Germany, France, Italy and Spain among others. Moreover, introduction of new technologies such as PTC (Positive Train Control) system will further boost growth over next eight years. Europe is anticipated to be one of the key markets for railway bogies during the forecast period owing to presence or significant presence of prominent players operating within region along with well-established manufacturing base located at major cities including Paris & Stuttgart (France), Turin (Italy), Munich & Hamburg (Germany).
Growth Factors:
- Increasing demand for railway high-speed bogie from developing countries owing to the rise in population and economic growth.
- The increasing adoption of advanced technologies in railway high-speed bogie design and manufacturing is expected to boost the market growth over the forecast period.
- Growing investments by public and private players for development of new railway lines is anticipated to create opportunities for the Railway High-speed Bogie market growth during the forecast period.
- Rising concerns regarding safety along with stringent government regulations are projected to propel the demand for Railway High-speed Bogie over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway High-speed Bogie Market Research Report
By Type
H-form Bogies, O-form Bogies
By Application
Freight Train, Passenger Train
By Companies
Bombardier, Kawasaki Heavy Industries, ALSTOM, Jinxi Axle, CRRC
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Railway High-speed Bogie Market Report Segments:
The global Railway High-speed Bogie market is segmented on the basis of:
Types
H-form Bogies, O-form Bogies
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
Freight Train, Passenger Train
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:
- Bombardier
- Kawasaki Heavy Industries
- ALSTOM
- Jinxi Axle
- CRRC
Highlights of The Railway High-speed Bogie 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:
- H-form Bogies
- O-form Bogies
- By Application:
- Freight Train
- Passenger Train
- 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 High-speed Bogie 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.
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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 high-speed bogie is a type of railway vehicle that uses a pair of high-speed bogies to provide greater stability and allow for higher speeds.
Some of the key players operating in the railway high-speed bogie market are Bombardier, Kawasaki Heavy Industries, ALSTOM, Jinxi Axle, CRRC.
The railway high-speed bogie market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway High-speed Bogie 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 High-speed Bogie Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Railway High-speed Bogie 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 High-speed Bogie 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 High-speed Bogie Market Size & Forecast, 2018-2028 4.5.1 Railway High-speed Bogie Market Size and Y-o-Y Growth 4.5.2 Railway High-speed Bogie Market Absolute $ Opportunity
Chapter 5 Global Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Type
5.2.1 H-form Bogies
5.2.2 O-form Bogies
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Applications
6.2.1 Freight Train
6.2.2 Passenger Train
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway High-speed Bogie 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 High-speed Bogie 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 Railway High-speed Bogie Analysis and Forecast
9.1 Introduction
9.2 North America Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Type
9.6.1 H-form Bogies
9.6.2 O-form Bogies
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 Railway High-speed Bogie Market Size Forecast by Applications
9.10.1 Freight Train
9.10.2 Passenger Train
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 Railway High-speed Bogie Analysis and Forecast
10.1 Introduction
10.2 Europe Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Type
10.6.1 H-form Bogies
10.6.2 O-form Bogies
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 Railway High-speed Bogie Market Size Forecast by Applications
10.10.1 Freight Train
10.10.2 Passenger Train
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 Railway High-speed Bogie Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Type
11.6.1 H-form Bogies
11.6.2 O-form Bogies
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 Railway High-speed Bogie Market Size Forecast by Applications
11.10.1 Freight Train
11.10.2 Passenger Train
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 Railway High-speed Bogie Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway High-speed Bogie 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 Railway High-speed Bogie Market Size Forecast by Type
12.6.1 H-form Bogies
12.6.2 O-form Bogies
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 Railway High-speed Bogie Market Size Forecast by Applications
12.10.1 Freight Train
12.10.2 Passenger Train
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) Railway High-speed Bogie Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway High-speed Bogie 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) Railway High-speed Bogie Market Size Forecast by Type
13.6.1 H-form Bogies
13.6.2 O-form Bogies
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) Railway High-speed Bogie Market Size Forecast by Applications
13.10.1 Freight Train
13.10.2 Passenger Train
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 High-speed Bogie Market: Competitive Dashboard
14.2 Global Railway High-speed Bogie Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bombardier
14.3.2 Kawasaki Heavy Industries
14.3.3 ALSTOM
14.3.4 Jinxi Axle
14.3.5 CRRC