Product Code: PM4175
The global train suspension system market size is expected to reach USD 91.01 billion by 2032, according to a new study by Polaris Market Research. The report "Train Suspension System Market Share, Size, Trends, Industry Analysis Report, By Type of Element (Elastic, Damper, Constraint, Bump-stop); By Suspension Type; By Train Type; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The train suspension system provides flexibility, as it allows passengers to witness the least amount of disturbance when the wheel of the train faces irregularities in the track. Active suspension acts effectively in enhancing the performance of a train. A recent study published in Science Direct in the high-speed railway journal was conducted by KTH Railway Group along with other railways. They focused on exploring numerous train suspensions numerically and experimentally for fifteen years.
In collaboration with Bombardier, a vehicle manufacturer, and the Swedish Transport Administration it conducted a green train project and developed single-axle, single-suspension running gear technology to diminish wheel wear in curves and enhance comfort with the active suspension. The findings of these technology on-track tests showed optimal, with promising simulation, and can be incorporated into commercial trains. As more companies work on research and development activities to innovate the potential of train suspension systems with the adoption of advanced technologies, there will be huge scope for market expansion in the global space.
The global countries, primarily developing countries, are showing profound interest in developing infrastructure, primarily transportation, as a measure to promote international trade and develop their nations. For instance, the Indian Railway Ministry is working on introducing the sleeper Vande Bharat trains in 2024, with a superior suspension system and improved lighting compared to the traditional trains. It is planning to produce 400 Vande Bharat sleeper trains by utilizing advanced technologies along with expert partnerships. This is to intensify the rail travel infrastructure and ensure its passengers to have the best amenities. These continual government initiatives to promote transportation through the railway are in favor of driving technological advancements in suspension technologies and expected to contribute to the expansion of the global market.
Train Suspension System Market Report Highlights
Elastic elements segment is anticipated to witness the highest growth in the coming years due to its flexibility and shock reduction.
Secondary suspension type held the largest market share owing to its ability to reduce the vibrations and noise in rail compartments.
High Speed segment is projected to experience a larger revenue share due to its effectiveness in promoting passenger comfort and safety.
North America dominated the market, owing to the rising infrastructure development projects.
Asia Pacific will grow at the rapid pace, owing to the rising development of railways in this region.
The global players include Amsted Rail Company., Bombardier Transportation, Knorr-Bremse, Mando Corporation, Sogefi, Thyssenkrupp, Wabtec Corporation & ZF Friedrichshafen.
Polaris Market Research has segmented the train suspension system market report based on type of element, suspension type, train type and region:
Train Suspension System, Type of Element Outlook (Revenue - USD Billion, 2019 - 2032)
- Elastic Elements
- Damper Elements
- Constraint Elements
- Bump-stop Elements
Train Suspension System, Suspension Type Outlook (Revenue - USD Billion, 2019 - 2032)
Train Suspension System, Train Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Freight
- Mainline
- High Speed
- Metro
Train Suspension System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Train Suspension System Market Insights
- 4.1. Train Suspension System Market - Train Type Snapshot
- 4.2. Train Suspension System Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The rising need for an efficient transport network
- 4.2.1.2. Stringent Emission Standards
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Maintenance Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Train Suspension System Market Train Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Train Suspension System Market, by Type of Element
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 5.3. Elastic Elements
- 5.3.1. Global Train Suspension System Market, by Elastic Elements, by Region, 2019-2032 (USD Billion)
- 5.4. Damper Elements
- 5.4.1. Global Train Suspension System Market, by Damper Elements, by Region, 2019-2032 (USD Billion)
- 5.5. Constraint Elements
- 5.5.1. Global Train Suspension System Market, by Constraint Elements, by Region, 2019-2032 (USD Billion)
- 5.6. Bump-stop Elements
- 5.6.1. Global Train Suspension System Market, by Bump-stop Elements, by Region, 2019-2032 (USD Billion)
6. Global Train Suspension System Market, by Suspension Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 6.3. Primary
- 6.3.1. Global Train Suspension System Market, by Primary, by Region, 2019-2032 (USD Billion)
- 6.4. Secondary
- 6.4.1. Global Train Suspension System Market, by Secondary, by Region, 2019-2032 (USD Billion)
7. Global Train Suspension System Market, by Train Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 7.3. Freight
- 7.3.1. Global Train Suspension System Market, by Freight, By Region, 2019-2032 (USD Billion)
- 7.4. Mainline
- 7.4.1. Global Train Suspension System Market, by Mainline, By Region, 2019-2032 (USD Billion)
- 7.5. High Speed
- 7.5.1. Global Train Suspension System Market, by High Speed, By Region, 2019-2032 (USD Billion)
- 7.6. Metro
- 7.6.1. Global Train Suspension System Market, by Metro, By Region, 2019-2032 (USD Billion)
8. Global Train Suspension System Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Train Suspension System Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Train Suspension System Market - North America
- 8.3.1. North America: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.3.2. North America: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.3.4. Train Suspension System Market - U.S.
- 8.3.4.1. U.S.: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.3.5. Train Suspension System Market - Canada
- 8.3.5.1. Canada: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4. Train Suspension System Market - Europe
- 8.4.1. Europe: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.4. Train Suspension System Market - UK
- 8.4.4.1. UK: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.5. Train Suspension System Market - France
- 8.4.5.1. France: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.6. Train Suspension System Market - Germany
- 8.4.6.1. Germany: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.7. Train Suspension System Market - Italy
- 8.4.7.1. Italy: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.8. Train Suspension System Market - Spain
- 8.4.8.1. Spain: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.9. Train Suspension System Market - Netherlands
- 8.4.9.1. Netherlands: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.4.10. Train Suspension System Market - Russia
- 8.4.10.1. Russia: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5. Train Suspension System Market - Asia Pacific
- 8.5.1. Asia Pacific: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.4. Train Suspension System Market - China
- 8.5.4.1. China: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.5. Train Suspension System Market - India
- 8.5.5.1. India: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.6. Train Suspension System Market - Malaysia
- 8.5.6.1. Malaysia: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.7. Train Suspension System Market - Japan
- 8.5.7.1. Japan: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.8. Train Suspension System Market - Indonesia
- 8.5.8.1. Indonesia: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.5.9. Train Suspension System Market - South Korea
- 8.5.9.1. South Korea: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.6. Train Suspension System Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.6.4. Train Suspension System Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.6.5. Train Suspension System Market - UAE
- 8.6.5.1. UAE: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.6.6. Train Suspension System Market - Israel
- 8.6.6.1. Israel: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.6.7. Train Suspension System Market - South Africa
- 8.6.7.1. South Africa: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.7. Train Suspension System Market - Latin America
- 8.7.1. Latin America: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.7.4. Train Suspension System Market - Mexico
- 8.7.4.1. Mexico: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.7.5. Train Suspension System Market - Brazil
- 8.7.5.1. Brazil: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
- 8.7.6. Train Suspension System Market - Argentina
- 8.7.6.1. Argentina: Train Suspension System Market, by Type of Element, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Train Suspension System Market, by Train Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Train Suspension System Market, by Suspension Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Amsted Rail Company, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. .Delsey S.A.
- 10.2.1. Bombardier Transportation
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Hendrickson USA LLC
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Hitachi, Ltd.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Knorr-Bremse AG
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Mando Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Sogefi SpA
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Thyssenkrupp AG
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Wabtec Corporation
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. ZF Friedrichshafen AG
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development