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Railway Hydraulic Dampers Market Size, Share, and COVID-19 Impact Analysis, By Type (Primary Dampers and Secondary Dampers), By Train Type (Passenger Trains and Freight Trains), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108550 | Status : Ongoing

 

KEY MARKET INSIGHTS

Railway hydraulic dampers are a critical component of locomotives designed to reduce and absorb shock impulses while a railcar is in motion. Hydraulic dampers help sustain the train's weight to reduce vibration and wear, thus providing increased stability and comfort to the passenger.


The burgeoning demand for custom-designed locomotives and heavy-duty wagons to augment freight movement between the nations will help expand the railway market. There is a continuous expansion of trans-border railway freight services between the nations, further strengthening the railway component manufacturing industries.

The increasing population globally will fuel the market expansion. With rising population density and urbanization, there is an increase in office goers, leading to heavy congestion in the roadways. Consumers continuously shift their commuting means to metros and railways to circumvent this chaos, significantly propelling the Railway hydraulic damper market. Additionally, nations are investing heavily in developing transportation infrastructure, such as high-speed rail networks and metros, to provide quick and comfortable rides to passengers.

The growing awareness of environmental concerns is slowly migrating countries to opt for a greener alternative, i.e., electric locomotive, and adopting electric locomotive will further boost the demand for the Railway hydraulic damper. The government's efforts to collaborate with manufacturers of railway hydraulic dampers to reduce transportation costs and quickly implement the just-in-time concept to speed up production and cut down on lead times are significant contributors to the market's expansion.

Impact of COVID-19 on the Railway hydraulic damper market


The pandemic introduced a temporary worldwide shutdown in many sectors. This temporary shutdown caused by COVID-19 pandemic impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity. With travel restrictions and lockdowns issued in the regions, there has been a significant decrease in passenger demand for rail transportation, further affecting revenue and investments.

The Railway hydraulic damper market’s growth is positively correlated with the rising demand for overall railways as a means of transportation. Post years after 2020, created awareness for passenger safety and comfort, emphasizing the role of hydraulic dampers for secure and smooth rail operation.

Segmentation


















By  Type


By  Sales Channel


By Train Type


By Geography



  • Primary Dampers

  • Secondary Dampers




  • OEM

  • Aftermarket




  • Passenger Trains

  • Freight Trains



 

 

 


  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (India, China, Japan, Australia and Rest of  Asia Pacific)

  • Rest of the World


 


Key Insights


The report will cover the following key insights:


  • Key Industry Developments – Mergers, Acquisitions, and Partnerships

  • Porter's Five Forces Analysis

  • Technological Developments

  • Impact of COVID-19 on the railway hydraulic damper market


Regional Analysis


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The market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Asia Pacific will dominate the railway hydraulic rail damper market in the coming years. Increasing migration to middle-income groups, urbanization, increased office visits, the presence of Chinese and Japanese railways, and easy access to mobile devices are some factors for Asia’s dominance. The hydraulic railway dumpers market is optimistic as cross-border freight train connections are growing to make freight transportation more convenient and cost-effective.

The market for hydraulic dampers is expected to develop significantly due to the increasing demand for freight trains due to increasing rail connections and heavy cargo loads. Furthermore, growth in the Asia Pacific region is optimistic, with Japan, China, and  India investing heavily in expanding rail infrastructure by introducing ultra-high-speed rail, high-speed rail, and subways to make commuting more convenient. This has led to market penetration of hydraulic railway dampers.

The established rail network in Europe created a considerable demand for passenger buses. The region invests in developing high-speed rail and other technologies to meet growing demand, making it the fastest-growing market.

North America and the rest of the world have rail transportation facilities. Local governments have also invested in creating significant demand for passenger buses in the region and have seen significant market growth.

Key Players Covered


The report includes the profiles of key players such as ITT Inc., Knorr-Bremse, ZF Friedrichshafen AG,  Koni, Alstom Dispen, Suomen Vaimennin, Vibratech TVD, Siemens AG, Escorts Limited, Oleo International, Mageba USA LLC, ACE Controls Inc., Wuxi BDC, and Dellner Components.

Key Industry Developments



  • August 2023 - Knorr-Bremse, a German rail and vehicle components and systems producer, received the Railway Technology Excellence Awards 2023. This award was issued for the company’s excellence in Innovation, Research, and Development in the company’s commercial vehicles product portfolio, which comprises dampers, compressors, electronic systems, braking systems, steering systems, and disc brakes.

  • April 2022 – Wabtec Corporation announced its new line of vertical hydraulic dampers.

  • November 2020 – UK-based manufacturer Sulzer Group launched its new line of hydraulic dampers for railroad operations.





  • Ongoing
  • 2023
  • 2019-2022

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