Global Train Bogie Market 2021-2026

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    GLOBAL TRAIN BOGIE MARKET

     

    INTRODUCTION

    A train’s bogie or bogie, in particular, is an integral component of all types of trains (locomotive, wagon, metro, etc.). It is a frame which is placed under the trains, onto which the wheels of the railway vehicle are fixed.

    It is a drive system and a track guidance mechanism is very important for the overall transportation of trains. The bogies typically have a suspension system and a separate braking system for train handling; which enables comfort to be maintained at every stage of transportation.

     

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    Bogies are also responsible for purpose of supporting the mass of the train and using wheels to guide along the tracks and provide a good cushioning effect during the train’s movement. Train bogies are also put in use for stopping the rail vehicles and preventing them from crossing the physical section of tracks. The bogies are specifically designed according to the construction of the train and its engine, providing a cost-effective solution for transportation.

    The train bogies can be powered mechanically through a train engine or by using electric motors.

    In this report, we will further dwell upon the intrinsic characteristics of this market.

     

    TRAIN BOGIE MARKET DYNAMICS

    Some of the major driving factors of the Global Train Bogie market are:

    • Expected growth in the use of public transport.
    • Increased consumer inclination towards safety and security in transportation.
    • Enforcement of strict regulations by the government concerning rail transportation safety for passengers and goods as well.
    • Bogies are energy-efficient and cost-effective.
    • Increased research and development in the rail sector.
    • Introduction of technologies like hyperloop and bullet trains.

    The rising awareness among people about the cost-effectiveness and eco-friendly mode of transport, I.e., railways are considered to be one of the primary factors for the growth of this market. On the other side, the market might face hurdles because of the increased use of the Internet of Things (IoT). Many major manufacturers are using sensors and other digital things for making freight safe and efficient.

     

    TRAIN BOGIE MARKET SEGMENTATION

    The train bogie market is primarily divided into components and applications.

    Based on components, the market is divided into Brake System, Bogie Frame, Suspension System, Wheelset, and other parts which may include axles, bolster, etc.

    Based on application, the market is divided into Medium-speed railway train, Liight rail vehicle (Metro and tram), High-speed railway train

     

     

    TRAIN BOGIE MARKET SIZE AND FORECAST

    The European and North American regions are expected to see prospective growth in this market owing to stringent regulations put up by governments in these regions. Also, the increased use of public transport in countries like India and China will further drive this market forward. 

    The European region is the home to the largest number of manufacturers and is responsible for a large amount of export quantity in bogies. 

    The Covid-19 outbreak had impacted this market and acted as a massive restraint on the train bogie market. Due to trade restrictions and the decline in consumer demand during the pandemic, the supply chains were disrupted.

    Transportation manufacturers highly depend on the supply of parts from various regions over the globe. The production of bogies and other train parts faced irregularities because of the supply deficit. The outbreak of Covid-19 is expected to hinder the market growth in the initial period of the forecast. However, with vaccination drives being in progress, it is expected that the market will revive from the steep decline.

     

    COMPETITIVE LANDSCAPE

    Rail bogies have had seen investment in research and development in recent years. Companies have been focusing on creating safe and efficient bogie designs for locomotives with embedding digital devices which work on the principle of the Internet of Things (IoT).

    The Global Railway Engineering Pty Limited showcased its Scheffel Self Steering innovation in the RailTech Innovation Awards. It is a three-part self-steering bogie that is suitable for all rail systems which work with a three-part bogie. According to the manufacturer, their innovation delivers 5-10 time less wear and tear on the wheels in generals and up to 40 times less in bends. It also offers fuel saving and there are fewer chances of derailment in their product.

    OEM like Siemens have introduced innovations in their products like elastic wheel fitting on their lxege LRV bogies which are developed to improve the squealing noise performance by up to 90 percent. Also, the company has been developing variable height bogie which can operate on 1000mm and 1435 mm tracks. 

    Companies like Alstom and Magma Structures have formed consortiums with institutes like the University of Birmingham to work on various projects concerning Train Bogies. One of the projects is CaFiBo – Carbon Fibre Bogie Project. The project aim is to reduce the mass of the bogie and reduce track damage and vehicle maintenance costs by employing a lightweight composite bogie frame. CaFiBo also addresses the challenge of safe and reliable rail transport by reducing forces on the track by 40 percent. Also, the bogie design reduces fuel consumption by 20 percent.

    Such innovations through collaborations are creating opportunities for more improvements in the marketplace. 

     

    COMPANY PROFILE

    Some of the major companies in the global train bogie marketplace are listed below:

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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