Railway Sliding Bearing Market Trends

Statistics for the 2023 & 2024 Railway Sliding Bearing market trends, created by Mordor Intelligence™ Industry Reports. Railway Sliding Bearing trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

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Market Trends of Railway Sliding Bearing Industry

This section covers the major market trends shaping the Railway Sliding Bearing Market according to our research experts:

Government Spending to Upgrade Railway Network will be a Growth Driver

Governments from all around the world are spending a lot of money on upgrading the existing rail infrastructure. For instance, according to NITI Aayog, the capital expenditure by Indian government on railways grew from USD 7.4 billion in 2018 to USD 10 billion in 2019 (40% growth). By the end of 2025, 15 new cities in India are expected to have metro trains. Currently, there are 10 cities in India with metro rail service. According to international union of Railways, China dominates the construction of railway tracks, as China is developing its high-speed rail network on a very rapid scale.

Railway Sliding Bearing Market Key Trends

Asia-pacific is Expected to be the Global Leader

With very high government spending in the sector and growing railway network in China and India, Asia- pacific is expected to be the largest market for railway sliding bearing. The India government is looking at privatization of railways. With introduction of new trains such as the Tejas express, there will be new train bogies and engine requirements in the country which will drive the demand for sliding bearings. It is expected that during the forecast period around 150 private trains will be deployed in India which will have around 2400 bogies, these bogies and engines will drive the demand for sliding bearings.

Railway Sliding Bearing Market Growth Rate

Railway Sliding Bearing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)