Market Overview:
The global axle counter systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for urban rail transit and railway applications across the globe. Additionally, the growing awareness about safety and security in transportation is also propelling the growth of this market. The global axle counter systems market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into rail side installation and on-rail installation segments. The rail side installation segment is expected to hold a larger share of this market during the forecast period owing to its low cost as compared to on-rail installation segment. On the basis of application, it can be classified into railway and urban rail transit applications segments. The railway application segment is anticipated to account for a larger share during 2018–2030 due mainly due high adoption rate across developed countries such as U K , Germany , France , Japan etc . However , with increasing demand for public transport in developing countries such as India & China ; Urban Rail Transit (URT) sector is projected witness highest CAGR over next 10 years . Regionally, North America accounted largest revenue generated by Global Axle Counter Systems Market followed by Europe in 2017 .
Product Definition:
Axle Counter Systems are used in railway systems to keep track of the number of axles passing through a particular point. This information is used to calculate the train's speed and position. Axle Counter Systems are important because they help ensure that trains operate safely and efficiently.
Rail Side Installation:
Rail side installation is a method of mounting the axle counters on the rail. This method reduces costs and increases flexibility for manufacturers, as it allows them to change their production easily by changing only the partials. It also helps in reducing inventory cost due to its one-piece construction.
The global Rail Side Installation, it's usage and growth factor in Axle Counter Systems market was valued at USD 0.51 billion in 2015.
On-rail Installation:
On-rail installation is a method of mounting the rail on the existing structure. It reduces cost and time required for construction, provides easy access to power and signal lines, improves stability & safety in case of an emergency, increases strength & durability of system against corrosion or rusting.
Advantages associated with on-rail installation are less weight on wheelsets or axles resulting in increased load carrying capacity; it also helps to reduce wear.
Application Insights:
The railway application segment accounted for the largest revenue share of over 70% in 2017. The railway industry has been witnessing a paradigm shift due to the development of technologies such as automation, electric and hybrid locomotives, and smart transportation systems. These developments are expected to increase operational efficiency while reducing environmental impact. As a result, demand for axle counters is projected to rise significantly over the forecast period.
The urban rail transit application segment is expected to witness significant growth over the forecast period owing to increasing government expenditure on infrastructure development in emerging economies including China, India & Brazil along with other developing countries across Africa and South America.
Regional Analysis:
Asia Pacific dominated the global axle counter systems market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure development activities coupled with rising demand for public transportation. China, India, Japan, South Korea and Taiwan are some of the Asian countries that have adopted axle counters system on a large scale.
The U.S., Germany and France are among Europe’s major railways hubs with high adoption rates for axle counters across their rail networks as well as urban rail transit systems operated by Deutsche Bahn AG (DB), SNCF (France) and Veolia Transport France respectively.
Growth Factors:
- Increasing demand for axle counter systems from the transportation sector as a result of the growth in global trade and increasing urbanization.
- The need for improved safety and security measures at railway crossings across the globe is expected to drive the demand for axle counter systems over the forecast period.
- Growing investments by governments in railway infrastructure projects is also expected to fuel growth of the axle counter systems market over the next few years.
- Rising adoption of axle counters by freight operators owing to benefits such as increased efficiency and reduced labor costs is anticipated to boost market growth during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Axle Counter Systems Market Research Report
By Type
Rail Side Installation, On-rail Installation
By Application
Railway, Urban Rail Transit
By Companies
Siemens, Voestalpine, Thales, Frauscher, Alstom, CRCEF, Scheidt & Bachmann, Keanda Electronic Technology, Consen Traffic Technology, PINTSCH GmbH, Splendor Science & Technology, CLEARSY, ALTPRO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Axle Counter Systems Market Report Segments:
The global Axle Counter Systems market is segmented on the basis of:
Types
Rail Side Installation, On-rail Installation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Railway, Urban Rail Transit
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Voestalpine
- Thales
- Frauscher
- Alstom
- CRCEF
- Scheidt & Bachmann
- Keanda Electronic Technology
- Consen Traffic Technology
- PINTSCH GmbH
- Splendor Science & Technology
- CLEARSY
- ALTPRO
Highlights of The Axle Counter Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rail Side Installation
- On-rail Installation
- By Application:
- Railway
- Urban Rail Transit
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Axle Counter Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Axle Counter Systems (ACS) is a global supplier of axle counter systems and related products. ACS offers a wide range of axle counter systems that are used in various industries to measure the number, size, and weight of axles.
Some of the major companies in the axle counter systems market are Siemens, Voestalpine, Thales, Frauscher, Alstom, CRCEF, Scheidt & Bachmann, Keanda Electronic Technology, Consen Traffic Technology, PINTSCH GmbH, Splendor Science & Technology, CLEARSY, ALTPRO.
The axle counter systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Axle Counter Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Axle Counter Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Axle Counter Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Axle Counter Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Axle Counter Systems Market Size & Forecast, 2018-2028
4.5.1 Axle Counter Systems Market Size and Y-o-Y Growth
4.5.2 Axle Counter Systems Market Absolute $ Opportunity
Chapter 5 Global Axle Counter Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Axle Counter Systems Market Size Forecast by Type
5.2.1 Rail Side Installation
5.2.2 On-rail Installation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Axle Counter Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Axle Counter Systems Market Size Forecast by Applications
6.2.1 Railway
6.2.2 Urban Rail Transit
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Axle Counter Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Axle Counter Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Axle Counter Systems Analysis and Forecast
9.1 Introduction
9.2 North America Axle Counter Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Axle Counter Systems Market Size Forecast by Type
9.6.1 Rail Side Installation
9.6.2 On-rail Installation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Axle Counter Systems Market Size Forecast by Applications
9.10.1 Railway
9.10.2 Urban Rail Transit
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Axle Counter Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Axle Counter Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Axle Counter Systems Market Size Forecast by Type
10.6.1 Rail Side Installation
10.6.2 On-rail Installation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Axle Counter Systems Market Size Forecast by Applications
10.10.1 Railway
10.10.2 Urban Rail Transit
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Axle Counter Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Axle Counter Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Axle Counter Systems Market Size Forecast by Type
11.6.1 Rail Side Installation
11.6.2 On-rail Installation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Axle Counter Systems Market Size Forecast by Applications
11.10.1 Railway
11.10.2 Urban Rail Transit
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Axle Counter Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Axle Counter Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Axle Counter Systems Market Size Forecast by Type
12.6.1 Rail Side Installation
12.6.2 On-rail Installation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Axle Counter Systems Market Size Forecast by Applications
12.10.1 Railway
12.10.2 Urban Rail Transit
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Axle Counter Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Axle Counter Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Axle Counter Systems Market Size Forecast by Type
13.6.1 Rail Side Installation
13.6.2 On-rail Installation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Axle Counter Systems Market Size Forecast by Applications
13.10.1 Railway
13.10.2 Urban Rail Transit
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Axle Counter Systems Market: Competitive Dashboard
14.2 Global Axle Counter Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Voestalpine
14.3.3 Thales
14.3.4 Frauscher
14.3.5 Alstom
14.3.6 CRCEF
14.3.7 Scheidt & Bachmann
14.3.8 Keanda Electronic Technology
14.3.9 Consen Traffic Technology
14.3.10 PINTSCH GmbH
14.3.11 Splendor Science & Technology
14.3.12 CLEARSY
14.3.13 ALTPRO
