Rail turnout or switch is a mechanical installation enabling railway trains to be guided from one track to another, such as at a railway junction or where a spur or siding branches off. The switch consists of a pair of linked tapering rails, known as points switch rails or point blades, lying between diverging outer rails. These points can be moved laterally into one of two positions to direct a train coming from point blades toward straight path or diverging path. Rise in demand for comfort and safety is expected to lead growth in the rail turnout market during the forecast period.
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Major Market Players:
NARSTCO, Vossloh, AGICO Rail, Harmer Steel, DT – Slovenska vyhybkaren, Amurrio Ferrocarril y Equipos, So.co.fer srl, Anyang General International (AGICO), MI-NE SEISAKUSHO, and Patil Group
High speed of railway cars may cause substantial car body vibration, which can reduce quality of ride and cause adverse ride stability. Technological advancements in railways primarily for upgradation of speed and power such as high-speed trains require effective railway turnout to provide efficient suspension and vibration reaction even at a high speed and high load conditions, which is predicted to drive growth within the railway turnout market.
Government authorities of various countries specialize in strengthening their railway networks by investing in expansion of their railway network across many countries. Ongoing research & development in enhancing mechanism, design, and arrangement of railway turnout propels the market toward growth in innovations that is expected impact the railway turnout market positively during the forecast period.
Key segments covered:
| Segments | Subsegments |
| Type | Single Turnout Equilateral Turnout Three-way Turnout Others |
| Application | Railway Lines Tram Rails Moving Equipment |
COVID-19 scenario analysis:
- Trains have played a major role in the fight against the virus such as to move essential goods from one place to another.
- Special train service were also provided in many countries to send daily wagers to their respective homes.
- The need for urbanization and advanced mass transportation is expected to be developed by governments more precisely as there is an emerging need for social distancing to fight the deadly virus.
- Increase in the COVID-19 pandemic is expected to accelerate the shift of passengers from air to rail, leading to rise in growth of the market in the future.
- Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
- Technological advancements in railways and meeting transportation demand supplements the market growth. However, high initial cost of deployment and presence of counterfeit products from China-based manufacturers may hamper growth of the market. Furthermore, apart from passenger-oriented railway cars, railway turnout is also expected to find a fair share in rail locomotive, which is expected to propel the market growth.
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Questions answered in the railway turnout market research report:
- Which are the leading market players active in the railway turnout market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the railway turnout market?
- What are the projections for the future that would help in taking further strategic steps?
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