Railway Couplers Market projected to grow by USD 230 million (2024-2028), driven by new railway investments and AI powered market evolution, reports Technavio

Barchart · 10/21 15:33

NEW YORK, Oct. 21, 2024 /PRNewswire-PRWeb/ -- Report on how AI is driving market transformation- The global railway couplers market  size is estimated to grow by USD 230 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  2.1%  during the forecast period. Investments in new railway projects is driving market growth, with a trend towards concept of virtually coupled trains. However, delay in execution and development of railway projects  poses a challenge. Key market players include A.D. Electrosteel Pvt. Ltd., aichele GROUP GmbH Co. KG, Amsted Industries Inc., CIM LAF, Dellner Couplers AB, Esco Group, Escorts Ltd., Flender GmbH, Irwin Car and Equipment, Jiangsu Tedrail Industrial Co. Ltd., Nippon Steel Corp., OLEO International, Rail Udyog, Shanghai Suyu Railway Material, Strato Inc., Titagarh Rail Systems Ltd., Voith GmbH and Co. KGaA, and Westinghouse Air Brake Technologies Corp..

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