USD 258.39 Mn growth expected in Railway Couplers Market | Evolving opportunities in APAC | Technavio

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Apr 27, 2022, 09:40 ET

NEW YORK, April 27, 2022 /PRNewswire/ -- The global railway couples market is expected to observe a substantial growth in APAC, according to the latest market research report by Technavio. Countries such as China, Japan, India, and South Korea are investing heavily in rail transport systems to reduce traffic congestion and improve transportation facilities. For instance, over the last decade, China has consistently invested over USD 100 billion in the railway sector and is expected to invest over USD 154 billion during the forecast period, with a focus on improving connectivity between remote regions within China and its neighboring countries.

Technavio has announced its latest market research report titled Global Railway Couplers Market 2022-2026

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Railway Couplers Market: Growth drivers

The market is driven by investments in new railway projects. In addition, the concept of virtually coupled trains is expected to propel the railway couplers market to witness an incremental growth of USD 258.39 million at a CAGR of 2.44% during the forecast period.

Several national and international railway projects are currently under planning, development, or construction phases across the world, especially among APAC countries. The need for improving domestic and international connectivity and logistics channels is driving many countries such as China, India, Thailand, and other countries to make significant investments in the railway sector. For instance, in October 2021, the Indian Railways introduced its plan to establish 500 multi-modal shipment terminals under the scheme of the 'PM GatiShakti' program, with an envisioned outlay of USD 68 billion in the next 5 years. Such investment plans by countries are expected to drive the growth of the market during the forecast period.

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Major Vendors in Railway Couplers Market:

The global railway couplers market is fragmented and is characterized by the presence of numerous established and emerging vendors. Leading vendors in the market have financial resources and the technical expertise to carry out the R&D activities. They also have strong brand recognition, established distribution networks, and an extensive product portfolio. These factors are making it difficult for several small and medium-sized players to compete with established vendors in terms of technological advancements and access to distribution networks to expand their presence. Hence, they are adopting competitive pricing strategies to improve the penetration of their products in the market.

Technavio identifies the following as the dominant players in the market.

A.D. Electrosteel Pvt. Ltd
aichele GROUP GmbH Co. KG
Amsted Industries Inc.
CIM LAF
Dellner Couplers AB
Escorts Ltd.
Irwin Car and Equipment
Jiangsu Tedrail Industrial Co. Ltd.
Nippon Steel Corp.

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Railway Couplers Market: Segmentation Analysis

The global railway couplers market is segmented as follows:

Railway Couplers Market: Product Outlook (Revenue, USD Million, 2021-2026)

Semi-automatic - size and forecast 2021-2026
Automatic - size and forecast 2021-2026

The semi-automatic railway couplers segment accounted for maximum revenue generation in the market. The growth of the segment can be attributed to factors such as the growing need for low-cost public conveyance, increasing concentration of population in urban areas, and rising government initiatives to invest in tramways and commuter trains. The market growth in the segment will be significant over the forecast period.

Railway Couplers Market: Geography Outlook (Revenue, USD Million, 2021-2026)

APAC - size and forecast 2021-2026
Europe - size and forecast 2021-2026
North America - size and forecast 2021-2026
South America - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026

APAC will have the largest share of the market. The region currently holds 40% of the global market share and is expected to remain the major market for railway couplers throughout the forecast period. The growth of the transportation industry and the expansion of railway lines across various countries in APAC are driving the growth of the regional market growth.

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Railroad Market by Type and Geography - Forecast and Analysis 2021-2025

Railway Couplers Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 2.44%
Market growth 2022-2026	USD 258.39 million
Market structure	Fragmented
YoY growth (%)	2.23
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 40%
Key consumer countries	US, India, China, France, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	A.D. Electrosteel Pvt. Ltd, aichele GROUP GmbH Co. KG, Amsted Industries Inc., CIM LAF, Dellner Couplers AB, Escorts Ltd., Irwin Car and Equipment, Jiangsu Tedrail Industrial Co. Ltd., Nippon Steel Corp., OLEO International, Shanghai Suyu Railway Material, Strato Inc., Titagarh Wagons Ltd., Trinity Industries Inc., Voith GmbH and Co. KGaA, and Wabtec Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product

5.3 Semi-automatic - Market size and forecast 2021-2026

Exhibit 28: Chart on Semi-automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Semi-automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Semi-automatic - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Semi-automatic - Year-over-year growth 2021-2026 (%)

5.4 Automatic - Market size and forecast 2021-2026

Exhibit 32: Chart on Automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Automatic - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Automatic - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Product

Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 India - Market size and forecast 2021-2026

Exhibit 62: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on India - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026

Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026

Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 A.D. Electrosteel Pvt. Ltd

Exhibit 89: A.D. Electrosteel Pvt. Ltd - Overview
Exhibit 90: A.D. Electrosteel Pvt. Ltd - Product / Service
Exhibit 91: A.D. Electrosteel Pvt. Ltd - Key offerings

10.4 aichele GROUP GmbH Co. KG

Exhibit 92: aichele GROUP GmbH Co. KG - Overview
Exhibit 93: aichele GROUP GmbH Co. KG - Product / Service
Exhibit 94: aichele GROUP GmbH Co. KG - Key offerings

10.5 CIM LAF

Exhibit 95: CIM LAF - Overview
Exhibit 96: CIM LAF - Product / Service
Exhibit 97: CIM LAF - Key offerings

10.6 Dellner Couplers AB

Exhibit 98: Dellner Couplers AB - Overview
Exhibit 99: Dellner Couplers AB - Product / Service
Exhibit 100: Dellner Couplers AB - Key offerings

10.7 Escorts Ltd.

Exhibit 101: Escorts Ltd. - Overview
Exhibit 102: Escorts Ltd. - Business segments
Exhibit 103: Escorts Ltd. - Key offerings
Exhibit 104: Escorts Ltd. - Segment focus

10.8 Irwin Car and Equipment

Exhibit 105: Irwin Car and Equipment - Overview
Exhibit 106: Irwin Car and Equipment - Product / Service
Exhibit 107: Irwin Car and Equipment - Key offerings

10.9 Jiangsu Tedrail Industrial Co. Ltd.

Exhibit 108: Jiangsu Tedrail Industrial Co. Ltd. - Overview
Exhibit 109: Jiangsu Tedrail Industrial Co. Ltd. - Product / Service
Exhibit 110: Jiangsu Tedrail Industrial Co. Ltd. - Key offerings

10.10 Nippon Steel Corp.

Exhibit 111: Nippon Steel Corp. - Overview
Exhibit 112: Nippon Steel Corp. - Business segments
Exhibit 113: Nippon Steel Corp. - Key offerings
Exhibit 114: Nippon Steel Corp. - Segment focus

10.11 OLEO International

Exhibit 115: OLEO International - Overview
Exhibit 116: OLEO International - Product / Service
Exhibit 117: OLEO International - Key offerings

10.12 Trinity Industries Inc.

Exhibit 118: Trinity Industries Inc. - Overview
Exhibit 119: Trinity Industries Inc. - Business segments
Exhibit 120: Trinity Industries Inc. - Key offerings
Exhibit 121: Trinity Industries Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 122: Inclusions checklist
Exhibit 123: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 124: Currency conversion rates for US$

11.4 Research methodology

Exhibit 125: Research methodology
Exhibit 126: Validation techniques employed for market sizing
Exhibit 127: Information sources

11.5 List of abbreviations

Exhibit 128: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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