As per the ongoing study, the railway roof switches market is anticipated to exhibit promising growth over 7% to 9% during 2021-31. Demand of railway roof switches will witness steady recovery in short term and is estimated to grow positively in the forecast period due to increase in global railway network. Boost in the railway industry will create lucrative opportunity for the market in the coming years.
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What is Driving Demand for Railway Roof Switches?
Roof switches are disconnectors used for railway applications and other automotive applications. They provide earthing to railways and are used in all types of vehicles with AC and DC engines.
Increase in railway networks in countries like US, India, China and countries in Europe is accelerating the market for roof switches in the forecast period. The development of railway industry in developed as well as developing regions is surging the market for roof switches.
Many manufacturers make different types of micro switches and limit switches that have high degree of reliability and provides high electrical safety with low need of maintenance. This factor is likely to augment sales of roof switches for automotive industry. Roof switches are used in conventional railways as well as in subways as well as tram trains.
This is one of the major reasons surging the demand for railway roof switches in the forecast period.
Automotive Recovery Likely to Accelerate Railway Roof Switch Sales
COVID-19 pandemic has severely impacted the economic activities around the globe due to supply chain disruptions as well as a collapse in demand. All production activities came to a halt due to lockdown which impacted many small and medium scale businesses where many people lost their jobs. As the manufacturing activities have resumed, the industry is slowly recovering from the decline in the business during lockdown.
Railway travel has resumed in many countries around the world with the upliftment of travel restrictions in the world. The aftermarket for railway roof switches has been increasing with the surge in technology for rail operations and railway maintenance. Company like Vossloh, is using Flexis system or rail- milling machines for roof switch maintenance.
Many companies also focus on maintenance and repair of condition of rails and work on removing any type of defects for roof switches which will accelerate the aftermarket sales for the market.
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US and Canada Railway Roof Switches Demand Outlook
US has a large rail transport network and operates in many major cities around North America. The railway roof switches market. The automotive industry has experienced a down fall during COVID-19 due to closing of production facilities all over the world. The market is slowly regaining its lost value with the opening of business activities all around the world.
Manufacturers in North America provide wide range of configurations and solutions for roof switches in railways.
Different product ranges for roof switches are available namely change over switch, disconnect & earthing switch and disconnect switch which perform different safety functions as well as provide electrical safety for rails. Hence, North America is one of the most lucrative market for roof switches globally.
How is the Demand in Europe for Railway Roof Switches?
Europe has a wide railway network that are maintained and well developed by the government. Regular maintenance of European railway systems that includes roof switches is one of the factor contributing to the growth of the market in the region.
COVID- 19 pandemic significantly impacted the railway transport system in Europe as the pandemic put a halt in the railway services. Railway transports have resumed once again in Europe which indicates positive growth for railway roof switches.
Manufacturers in European countries are making roof switches that are used in railway industry and they have automotive application as well. Manufacturers focus on providing vehicle specific roof switches depending on the size of the railway that needs low maintenance and also provide high and low voltage functions for electrical safety and control of railway systems.
Who are the Key Manufacturers and Suppliers of Railway Roof Switches?
Some of the leading manufacturers and suppliers of railway roof switches include
- DT Companies
- Harmer Steel
- China Railway Shanhaiguan Bridge Group and others.
Many leading manufacturers are making different types of roof switches that are used in railways as well as for automotive applications which have increased the demand and sales of the roof switches.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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By Train Type:
- High Speed Lines
- Conventional Railway
- Heavy Haul Lines
- Single Crossover
- Double Crossover
- Track Crossing
- Slip Switch
- Lapped Turnouts