"Market Intelligence for High-Geared Performance"
Railway coupling or coupler is a device placed at each end of a rolling stock that connects them together to form a train. Couplers help maximize the strength, reliability, flexibility, convenience, and safety level of operators & passengers in a train. Rising demand for high speed trains, in tandem with growing investment to strengthen rail infrastructure will propel the market growth of railway coupling.
Growing investment in railway projects to enhance international and domestic connectivity, logistic operations and to overcome supply chain disruptions will support the market growth of railway coupling over the forecast period. In June 2022, the Federal Railroad Administration announced a grant of USD 368 million in the Consolidated Rail Infrastructure and Safety Improvements program in 32 states and the District of Columbia. Further, these investments will play a vital role in modernizing the country’s railway infrastructure, strengthening supply chains, aiding in reducing congestion, and easing the mode of transportation by making it more affordable.
Railways are considered as a key to sustainable mobility, the increase of rail’s share for both passenger and freight transport is leading to congestion problems. Market players, therefore, are leveraging digital and automation solutions to increase efficiency, and reduce transport cost & time. Virtual Coupling is gaining traction in recent years to accommodate more trains and increase service flexibility. It is a modern signaling concept, in which the distance between trains shifts from an absolute braking distance to a relative safety distance , allowing them to travel at much closer proximity, thus, freeing up space on the rest of the infrastructure. This allows several trains to run in a synchronous way, automatically adjusting their speed based on the preceding train to maintain the safety margin between the trains and form a convoy.
However, high running and maintenance cost are challenging the railway coupling market. Frequent delay in execution of railway projects are affecting the demand for railway couplers. Railway projects require huge investments, making them a major cost burden for an economy. Frequent delays in project implementation and huge time gaps between planning, and execution are affecting the demand for railway couplers, which in turn is hampering the growth of railway coupling market.
The COVID-19 pandemic adversely impacted the railroads industry in the first half of 2020 due to the rapid spread of the COVID-10 virus. Stringent lockdown measures by the government to contain the pandemic slowed down the manufacturing process of the locomotives, which led to lower demand for rail equipment and machinery. Disruption in supply chain and logistics, shortage of labor, electric components, batteries, and semiconductor impeded the growth of railway coupling market. However, the market witnessed growth in 2021 owing increasing government spending on rail infrastructure and growing trend of automation of technologies.
The report will cover the following key insights:
By Type, railway coupling market is segmented into manual, semi-automatic, and automatic. The semi-automatic railway coupling is anticipated to grow at a significant CAGR over the forecast period. The positive market outlook is contributed to their rapid usage in freight trains. The semi-automatic railway coupler enables remote connection, and offers optimum passenger & goods safety.
To gain extensive insights into the market, Request for Customization
The Asia Pacific region held a high market share in 2021 owing to rising procurement of trains. This in turn, will increase the demand for railway coupling in the region. China and India are essential contributors to this region. India and China hold the largest market in terms of volume. Furthermore, higher usage of railways in countries including India, China, and Japan will support the market demand for railwway coupling in coming years.
The report will include the profiles of key players such as Wabtec Corp., OLEO International, A.D. Electrosteel Pvt. Ltd, Amsted Industries Inc., Dellner Couplers AB, CIM LAF, Escorts Ltd., Jiangsu Tedrail Industrial Co. Ltd., Irwin Car and Equipment, Nippon Steel Corp., Strato Inc., Titagarh Wagons Ltd., Trinity Industries Inc., Shanghai Suyu Railway Material, Voith GmbH & Co. KGaA.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry