Forecast of Global Air Spring for Railroad Market 2023

Global Air Spring for Railroad market will register a 7.4% CAGR in terms of revenue, reach US$ 420 million by 2023, from US$ 270 million in 2017. Part of the secondary suspension system, Air Spring for Railroad plays an important role in isolating the vibrations which naturally translate from the rail through the steel components of the undercarriage. High quality Air Spring for Railroad provides damping by controlling both vertical and lateral movement. This brings comfort and stability to the passenger and also helps to reduce noise.