Railway Roof Switches Market Overview
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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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.
By Train Type:
- High Speed Lines
- Conventional Railway
- Heavy Haul Lines
- Single Crossover
- Double Crossover
- Track Crossing
- Slip Switch
- Lapped Turnouts
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Railway Roof Switches Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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