Global Locomotive Engine Suspension Market 2017-2021

Overview of the global locomotive engine suspension market

As per the Technavio’s market research report, the global locomotive engine suspension market is expected to grow at a steady rate and post a CAGR of more than 3% during the forecast period. The growing demand for electric locomotive engines will drive the growth prospects for the global locomotive engine suspension market for the next four years. Factors such as the increasing amount of railway freight traffic and an increase in the stringency of emissions pushed the introduction of electric engine locomotives by compeling the rail industry to shift towards electric engines. Also, since electric engine locomotives are cheaper, capable of traveling at higher speeds, non-polluting, and enables transportation of a higher quantity of freight in comparison to diesel locomotive engines, the market is experiencing a high preference for electric engine locomotives. This in turn, will increase the demand for locomotive engine shock absorbers, subsequently fueling growth of the train suspension system market.

The advent of conical springs will drive the growth prospects for the global locomotive engine suspension market during the estimated period. The benefits of conical springs such as lower structure-borne noise transmission, freely variable progressive load, improved suspension kinematics at high speeds, reduced design complexity, lower installation costs, and easier procurement of suspension components will be the major factors fueling their demand in the coming years.

Competitive landscape and key vendors

The global locomotive engine suspension market is mature and is highly competitive. A large number of key vendors are increasingly focusing on expanding their customer base and increasing the number of investments in the research and developmental activities. Various established vendors are providing end users with a wide range of suspension components such as coil springs, dampers, yaw dampers, conical springs, electrically switchable yaw dampers, and chevrons, which will strengthen the train suspension system market’s competitive environment.

Key vendors in this market are -

• AL-KO
• Growag
• Knorr-Bremse
• ZF

Other prominent vendors in the market include Koni-Enidine Rail and Suomen Vaimennin Oy.

Segmentation by application and analysis of the locomotive engine suspension market

• Coil springs
• Dampers

The coil springs segment accounted for the majority market shares during 2016 and is likely to experience a high growth rate during the estimated period. Suspension systems such as helical springs or coil springs, dampers, constraints, and bump-stops are used to contain the vibrations in the vehicles caused by track irregularities. There are different types of coil springs such as helical coil springs, leaf springs, air springs and rubber metal springs. Since coil springs like rubber metal springs reduce high-frequency vibrations, maintenance cost, and lowers wearing friction, the demand for these components will considerably increase in the next few years.

Segmentation by geography and analysis of the locomotive engine suspension market

• Americas
• APAC
• Europe

During 2016, APAC was the largest geographical segment for the train suspension system market and is expected to observe a high growth rate during the projected period. The increasing preference for the transport of passengers and freight in various countries such as India and China will drive the market for diesel locomotive engines, which, in turn, will boost the adoption rate of engine shock absorbers in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global locomotive engine suspension market?
• What are the key market trends impacting the growth of the global locomotive engine suspension market?
• What are the challenges to market growth?
• Who are the key vendors in the global locomotive engine suspension market?
• What are the market opportunities and threats faced by the vendors in the global locomotive engine suspension market?
• What are the trending factors influencing the market shares of the Americas, APAC, and Europe?
• What are the key outcomes of the five forces analysis of the global locomotive engine suspension market?

Technavio also offers customization on reports based on specific client requirement.

According to our market experts, shortage in vehicle logistics for road and rail transport will drive the growth of this market in the coming years. Technavio’s reports for the automotive components industry encompass a vast range of quick-growing markets including powertrain. Further to providing information on various factors such as the development of the customer’s choices, market drivers and challenges for the vendors in the automotive components industry’s marketspace, Technavio’s reports also detail out a wide analysis of the demand-supply shifts and the competitive landscape of the automotive sector.

To exactly calculate the automotive components industry’s growth outlook, our market research experts follow a combined research approach of primary and secondary techniques and carry out a study of various factors, including technological developments and the rise in demand for different products and services across the globe. Our upcoming industry research report on the global locomotive engine suspension market for the period of 2017 to 2021 offers key insights conceived from the statistics and figures composed from sound sources of information such as manufacturers, channel partners, regulatory bodies, and decision makers to help clients devise new strategies for growth. Technavio also offers reports based on stipulations of various clients, which will help all vendors and players targeting niche customer segments fortify their position in the automotive industry.

This upcoming industry research report on the global locomotive engine suspension market also considers the growth of related markets such as electric power steering, which is expected to grow at a CAGR of close to 7% by 2021. The upcoming industry research report on the global locomotive engine suspension market also identifies the key drivers, future market trends, and the challenges currently experienced by the industry and also presents insights into wheels and tires.