Global Railway Antifriction Bearing Market Size to Reach

August 31, 2023 09:17 ET | Source: Emergen Research Emergen Research

Vancouver, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The global railway antifriction bearing market achieved a size of approximately USD 1.29 billion in 2022, and it is anticipated to maintain a consistent revenue growth rate of 8.7% throughout the forecast period, as per the most recent analysis by Emergen Research. This growth is primarily attributed to increased investments in enhancing railway infrastructure on a global scale. Bridge Bearing

Global Railway Antifriction Bearing Market Size to Reach

Antifriction bearings, which are a sophisticated vibration management system, amalgamate their components to create intricate vibration patterns. These bearings are produced with the aid of high-precision machine tools and adhere to stringent quality standards to ensure frictionless operation. It's important to note that even though these bearings may exhibit some surface imperfections, they still generate significant vibrations across the entire audible frequency spectrum. These vibrations result from the interaction of various layers through a combination of rolling and sliding motions.

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Furthermore, the escalating demand for enhanced operational efficiency represents another pivotal driver behind the revenue growth of this market. Antifriction bearings play a crucial role in optimizing motion by diminishing resistance between rotating and static components, thereby smoothing out locomotion and conserving energy. This operational efficiency improvement allows trains to operate more effectively, subsequently reducing operational costs and augmenting the overall capacity of the railway system. Additionally, these bearings facilitate higher train speeds, effectively reducing travel durations and bolstering throughput.

The emphasis on passenger comfort also serves as a compelling motivation for the adoption of antifriction bearings. By mitigating vibrations and lowering noise levels, these bearings contribute to a more comfortable and tranquil ride. Furthermore, the reduction in passenger discomfort and fatigue enhances the overall travel experience. Moreover, the reduction in vibrations and noise throughout the journey not only improves passengers' general well-being but also creates a more pleasant travel environment.

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Major Companies and Competitive Landscape

The global railway antifriction bearing market is fragmented, with many companies accounting for majority market revenue. Major companies are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective railway antifriction bearings. Some major companies included in the global railway antifriction bearing market report are:

On 5 November 2021, Power Systems business section of Rolls-Royce has created a sliding bearing that lowers the consumption of fuel by 1% for its MTU engines. Instead of being completely smooth, the bearing surface is furnished with tiny grooves, which when combined with lubricant, creates an acquaplaning-like effect that serves as an anti-friction layer. According to the operating mode, this anti-friction layer, for instance, minimizes friction-induced losses between the rotating shaft and bearing by 20–35%.

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Some Key Highlights From the Report

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For the purpose of this report, Emergen Research has segmented the global railway antifriction bearing market on the basis of train type, product type, application, type, sales channel, and region:

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Global Railway Antifriction Bearing Market Size to Reach

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