Market Research Logo

Global Railway Couplers Market 2019-2023

Global Railway Couplers Market 2019-2023

About this market

The concept of virtually coupled trains is gaining traction in the railway couplers market. This concept allows trains to run closer together without any physical contact. The use of existing railway network can be increased by virtual coupling because the coupling takes place while in motion by using a rendezvous maneuver. Virtual coupling can increase the efficiency of railway freight services by reducing the transport cost and time. Moreover, virtually coupled trains occupy one slot compared to several by freight trains running separately. Although the concept of virtual coupling is in the research and development stage, it is expected to gain popularity during the forecast period and boost the growth of railway couplers market. Technavio’s analysts have predicted that the railway couplers market will register a CAGR of over 3% by 2023.Market Overview

Investments in new railway projects

Several countries are investing in railway projects to improve their domestic and international connectivity and logistics channels. The Government of India has approved multiple railway projects including new lines and doubling of existing lines. China is also investing heavily in the development railway networks between several Asian and European countries as part of its Belt and Road initiative. Similarly, multiple new railway projects are under planning, development, and construction stages in various countries. Thus, the investments in new railway projects is driving the growth of the market during the forecast period.

Delay in the execution and development of railway projects

Railway projects require huge investments which makes them a major cost burden for the national economy. This leads to frequent delays in project implementation and huge time gaps between planning, start of construction, and completion. These delays in execution of railway projects affect the demand for railway couplers which in turn hampers the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the railway couplers market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated and with the presence of companies such as Dellner Couplers, and Escorts the competitive environment is intense. Factors such as the investments in new railway projects, will provide considerable growth opportunities to railway coupler manufacturers. Dellner Couplers, Escorts, NIPPON STEEL & SUMITOMO METAL, Titagarh Wagons, and Voith are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Railway Couplers Market 2019-2023

Technavio recognizes the following companies as the key players in the global railway couplers market: Dellner Couplers, Escorts, NIPPON STEEL & SUMITOMO METAL, Titagarh Wagons, and Voith.

Commenting on the report, an analyst from Technavio’s team said: “Virtual coupling concept increases the efficiency of freight services and eliminates the need for mechanical coupling. This concept will gain traction during the forecast period and boost the growth of railway couplers market.”

According to the report, one of the major drivers for this market is the significant investments in new railway projects and expansion of existing railway networks in several countries. This is creating a demand for railway couplers and thereby driving market growth.

Further, the report states that one of the major factors hindering the growth of this market is the delays in the execution and development of railway projects. This directly impacts the demand for railway couplers and hampers the growth of the market.

Companies Mentioned

Dellner Couplers

Escorts

NIPPON STEEL & SUMITOMO METAL

Titagarh Wagons

Voith

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global rolling stock market
      • Table Segments of global rolling stock market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Semi-automatic - Market size and forecast 2018-2023
      • Table Semi-automatic - Market size and forecast 2018-2023 ($ millions)
      • Table Semi-automatic - Year-over-year growth 2019-2023 (%)
    • Automatic - Market size and forecast 2018-2023
      • Table Automatic - Market size and forecast 2018-2023 ($ millions)
      • Table Automatic - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Concept of virtually coupled trains
    • Adoption of IoT in railways
    • Advent of high-speed railways
      • Table Factors driving implementation of high-speed railways
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Dellner Couplers
      • Table Dellner Couplers - Vendor overview
      • Table Dellner Couplers - Organizational developments
      • Table Dellner Couplers - Key offerings
    • Escorts
      • Table Escorts - Vendor overview
      • Table Escorts - Business segments
      • Table Escorts - Organizational developments
      • Table Escorts - Geographic focus
      • Table Escorts - Segment focus
      • Table Escorts - Key offerings
    • NIPPON STEEL & SUMITOMO METAL
      • Table NIPPON STEEL & SUMITOMO METAL - Vendor overview
      • Table NIPPON STEEL & SUMITOMO METAL - Business segments
      • Table NIPPON STEEL & SUMITOMO METAL - Organizational developments
      • Table NIPPON STEEL & SUMITOMO METAL CORPORATION - Geographic focus
      • Table NIPPON STEEL & SUMITOMO METAL - Segment focus
      • Table NIPPON STEEL & SUMITOMO METAL - Key offerings
    • Titagarh Wagons
      • Table Titagarh Wagons - Vendor overview
      • Table Titagarh Wagons - Business segments
      • Table Titagarh Wagons - Geographic focus
      • Table Titagarh Wagons - Segment focus
      • Table Titagarh Wagons - Key offerings
    • Voith
      • Table Voith - Vendor overview
      • Table Voith - Business segments
      • Table Voith - Organizational developments
      • Table Voith - Geographic focus
      • Table Voith - Segment focus
      • Table Voith - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report