Market Overview:
The global cast steel rail wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for railway transportation across the globe. Additionally, government initiatives for development of railway infrastructure are also contributing to the growth of this market. The global cast steel rail wheels market is segmented on the basis of type, application and region. On the basis of type, it is divided into high-speed train wheels, freight wagon wheels, passenger wagon wheels and locomotive wheels. By application, it is classified into OE (original equipment) and AM (aftermarket). Regionally, it is analyzed across North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Cast steel rail wheels are used to provide a smooth surface for rolling stock to travel on. Rail wheels are usually made of cast steel, though other materials such as aluminum and magnesium can also be used. Cast steel rail wheels are important because they provide a smooth surface for rolling stock to travel on, which helps reduce wear and tear on the track and the vehicles travelling on it.
High-speed Train Wheels:
High-speed train wheels, also known as cast steel rail wheels or high-performance railway wheels, are a type of rolling stock wheel with an integral or separate flange that is used on trains to provide stability while traveling at high speeds. The design of these wheels is optimized for speed and strength rather than being limited to the dimensions required for low rolling resistance.
Freight Wagon Wheels:
Freight wagon wheels are cast steel wheels that are used in the rail road wheel market. The primary function of freight wagon wheel is to provide support and stability to loaded vehicles on uneven surfaces such as cobblestone roads, ballast, or gravel. These types of wheels also help in providing better braking power to the vehicle by reducing the skid reaction when braking on wet and rugged terrain.
Application Insights:
The market is segmented by application into the original equipment market (OE) and aftermarket markets. In 2017, the original equipment market accounted for more than half of the revenue share. Cast steel rail wheels are used in high-speed trains as well as conventional railway systems owing to their ability to provide higher load-bearing capacity and enhanced durability compared with traditional steel wheels. The growing demand for high-speed trains in countries such as China, Japan, Germany and France is expected to drive growth over the forecast period.
Cast iron has a wide range of applications including industrial machinery, automotive components and even architecture.
Regional Analysis:
Asia Pacific dominated the global cast steel rail wheels market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government investments in high-speed rail infrastructure projects, such as China’s High-Speed Rail (HSR) network, India’s bullet train project and Japan's maglev HSR network. These projects are anticipated to increase demand for high-performance rolling stock components such as cast steel wheels over the next eight years.
Europe accounted for a significant share of global revenue in 2017 owing to increased spending on passenger transportation facilities, particularly along Germany's Intercity Express (ICE) trains and France's TGV trainsets. Moreover, rising adoption of electric vehicles across major countries including Germany is likely to augment product demand over the coming years.
Growth Factors:
- Increasing demand for rail transportation in developing countries
- Rising investments in railway infrastructure
- Proliferation of high-speed railways
- Growing urbanization and industrialization
- Technological advancements in the manufacturing of cast steel rail wheels
Scope Of The Report
Report Attributes
Report Details
Report Title
Cast Steel Rail Wheels Market Research Report
By Type
High-speed Train Wheels, Freight Wagon Wheels, Passenger Wagon Wheels, Locomotive Wheels
By Application
OE Market, AM Market
By Companies
Rail Wheel Factory, Amsted Rail, Scaw Metals Group, Datong ABC, Xinyang Tonghe wheels, Rail Wheel Factory
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Cast Steel Rail Wheels Market Report Segments:
The global Cast Steel Rail Wheels market is segmented on the basis of:
Types
High-speed Train Wheels, Freight Wagon Wheels, Passenger Wagon Wheels, Locomotive Wheels
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
OE Market, AM Market
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:
- Rail Wheel Factory
- Amsted Rail
- Scaw Metals Group
- Datong ABC
- Xinyang Tonghe wheels
- Rail Wheel Factory
Highlights of The Cast Steel Rail Wheels 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:
- High-speed Train Wheels
- Freight Wagon Wheels
- Passenger Wagon Wheels
- Locomotive Wheels
- By Application:
- OE Market
- AM Market
- 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 Cast Steel Rail Wheels 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Cast steel rail wheels are made from a single piece of cast iron that is then forged into the desired shape. This process creates a wheel that is both strong and lightweight, making it an ideal choice for high-speed trains.
Some of the key players operating in the cast steel rail wheels market are Rail Wheel Factory, Amsted Rail, Scaw Metals Group, Datong ABC, Xinyang Tonghe wheels, Rail Wheel Factory.
The cast steel rail wheels 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 Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cast Steel Rail Wheels 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 Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size & Forecast, 2018-2028
4.5.1 Cast Steel Rail Wheels Market Size and Y-o-Y Growth
4.5.2 Cast Steel Rail Wheels Market Absolute $ Opportunity
Chapter 5 Global Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Type
5.2.1 High-speed Train Wheels
5.2.2 Freight Wagon Wheels
5.2.3 Passenger Wagon Wheels
5.2.4 Locomotive Wheels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Applications
6.2.1 OE Market
6.2.2 AM Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cast Steel Rail Wheels 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 Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Type
9.6.1 High-speed Train Wheels
9.6.2 Freight Wagon Wheels
9.6.3 Passenger Wagon Wheels
9.6.4 Locomotive Wheels
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 Cast Steel Rail Wheels Market Size Forecast by Applications
9.10.1 OE Market
9.10.2 AM Market
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 Cast Steel Rail Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Type
10.6.1 High-speed Train Wheels
10.6.2 Freight Wagon Wheels
10.6.3 Passenger Wagon Wheels
10.6.4 Locomotive Wheels
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 Cast Steel Rail Wheels Market Size Forecast by Applications
10.10.1 OE Market
10.10.2 AM Market
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 Cast Steel Rail Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Type
11.6.1 High-speed Train Wheels
11.6.2 Freight Wagon Wheels
11.6.3 Passenger Wagon Wheels
11.6.4 Locomotive Wheels
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 Cast Steel Rail Wheels Market Size Forecast by Applications
11.10.1 OE Market
11.10.2 AM Market
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 Cast Steel Rail Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Cast Steel Rail Wheels 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 Cast Steel Rail Wheels Market Size Forecast by Type
12.6.1 High-speed Train Wheels
12.6.2 Freight Wagon Wheels
12.6.3 Passenger Wagon Wheels
12.6.4 Locomotive Wheels
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 Cast Steel Rail Wheels Market Size Forecast by Applications
12.10.1 OE Market
12.10.2 AM Market
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) Cast Steel Rail Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cast Steel Rail Wheels 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) Cast Steel Rail Wheels Market Size Forecast by Type
13.6.1 High-speed Train Wheels
13.6.2 Freight Wagon Wheels
13.6.3 Passenger Wagon Wheels
13.6.4 Locomotive Wheels
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) Cast Steel Rail Wheels Market Size Forecast by Applications
13.10.1 OE Market
13.10.2 AM Market
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 Cast Steel Rail Wheels Market: Competitive Dashboard
14.2 Global Cast Steel Rail Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rail Wheel Factory
14.3.2 Amsted Rail
14.3.3 Scaw Metals Group
14.3.4 Datong ABC
14.3.5 Xinyang Tonghe wheels
14.3.6 Rail Wheel Factory
