Global Trains and Components Market Report 2022

New York, May 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Train And Components Global Market Report 2022” – https://www.reportlinker.com/p06277686/?utm_source=GNW

The global train and component market is expected to grow from $188.95 billion in 2021 to $208.26 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The market is expected to reach $295.59 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.

The trains and components market includes sales of trains and components and related services by entities (organizations, sole proprietorships, and partnerships) that produce and rebuild locomotives, locomotive frames and parts, railroad cars railway, street and rapid transit, and car equipment for operating on rails for transporting goods and passengers; and/or rail layers, ballast distributors, rail tamping equipment and other track maintenance equipment.

The main types in the train and component market are parts and accessories for railway vehicles, locomotives, wagons and other rolling stock. A locomotive consists of several diesel-electric locomotives coupled together to power a train, as it is called. locomotives.

The different types of trains include light rail, high-speed/hsr rail. These are used in passenger, cargo.

Western Europe was the largest region in the trains and components market in 2021. Asia-Pacific was the second largest market in the trains and components market.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Economic growth and a rapidly growing urban population are expected to increase the demand for manufacturing new trains and components over the forecast period. Urbanization increases the demand for luxury items among the population.

Globally, about 60% of urban agglomerations remain to be built. Great opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines, which are becoming increasingly popular for export-oriented manufacturing.

According to the World Bank, the urban population in South Asia is expected to increase by 250 million by 2030. This rapid urbanization is expected to drive the growth of the train and component manufacturing market.

The coronavirus disease (COVID-19) outbreak has acted as a massive restraint on the train and component manufacturing market in 2020 as supply chains have been disrupted due to trade restrictions and consumption has decreased due to lockdowns imposed by governments around the world. infectious disease with flu-like symptoms including fever, cough and difficulty breathing.

The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. Manufacturers of means of transport are highly dependent on the supply of parts and components from different countries around the world.

As many governments restricted the movement of goods between countries, manufacturers had to halt production due to a lack of parts and components. Additionally, new auto sales have fallen significantly due to lower consumer demand as many countries impose lockdowns.

The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, the train and component manufacturing market is expected to recover from the shock during the forecast period. , as it is a “black swan event and not related to ongoing or ongoing events”. fundamental weaknesses in the market or the global economy.

Locomotive parts manufacturers use nose hanger pilots because they reduce shock loads due to the tensile coupling between the motor shaft and the axle. The nose suspension drive is a mechanism used in electric wagons, which carries half the weight of the traction motor by the metal wheel axle and the rest by a bogie frame.

The electric motor, when integrated with a nose-mounted traction motor, reduces shock and vibration caused by track irregularities. For example, some of the major companies manufacturing these systems include WINDHOFF Bahn- und Anlagentechnik GmbH, Afcons Infrastructure Ltd and Balfour Beatty Rail Ltd.

The train and component market countries are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt , Finland, France, Germany, Hong Kong, India; Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea , Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.
Read the full report: https://www.reportlinker.com/p06277686/?utm_source=GNW

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