Market Overview:
The global passenger wagons rail wheel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger wagons across the globe. The forged wheels segment is expected to account for a major share of the global passenger wagons rail wheel market during the forecast period. This can be attributed to their superior properties such as high strength-to-weight ratio and resistance against wear and tear. Casting wheels are also expected to witness significant growth during the forecast period, owing to their low cost and easy installation process. OE Market is anticipated grow at highest CAGR over next 10 years due increase in demand from developing countries such as India, China etc.
Product Definition:
A rail wheel is a type of railway wheel that transfers power from the locomotive to the train. They are typically made of steel and have a flange on one side to keep the wheel on the track. Passenger wagons use these wheels to provide a smooth ride for passengers.
Forged Wheels:
Forged wheels are manufactured using a die or an electric arc. The material is heated to a very high temperature, approximately 2,000 degrees Celsius, and is then forced with a hydraulic press at the desired pressure. The steel wheel is changed into an elastic state under the influence of heat; it can be re-shaped after the fact and has no memory.
The forged wheel offers several advantages over cast iron wheels including better strength.
Casting Wheels:
Casting wheels are used in passenger wagons to provide stability while transporting goods and passengers. The rail wheel is cast iron or steel wheel with a circular cross-section, which is fitted onto the axles of freight wagons. It has a series of radial tires that enable smooth movement over rails.
Application Insights:
The original equipment market (OE) segment accounted for the largest revenue share of over 70% in 2017. The passenger wagons designed for OE applications are manufactured using forged wheels, which offer higher strength and durability than cast wheels at a lower weight.
The demand for passenger wagons is expected to increase after the 2025 due to growing concerns regarding environment pollution and energy consumption. Various governments have imposed regulations on transportation companies, requiring them to replace old trains or buses with electric vehicles or others that use alternative fuels such as electricity or natural gas. This will further drive product demand in the aftermarket segment over the forecast period.
Demand from other applications such as industrial and defense is projected to witness significant growth during the forecast period owing to rising environmental concerns regarding air pollution caused by burning fossil fuels, particularly diesel fuel used in heavy-duty trucks and locomotives worldwide.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for passenger wagons from countries, such as China and India. In addition, rising investments by governments for improving rail infrastructure are likely to drive industry growth.
Europe was estimated at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing herringbone patterned steel wheel production technology which has been commercialized only by two European companies since its inception around 150 years ago thus making it one of the rarest commodities across the globe affecting its price fluctuations positively on occasions when there is scarcity.
Growth Factors:
- Increasing demand for passenger transportation in developing countries
- Growing urbanization and industrialization
- Development of high-speed railway networks
- Proliferation of rail tourism
- Technological advancements in rail wheel manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Wagons Rail Wheel Market Research Report
By Type
Forged Wheels, Casting Wheels
By Application
OE Market, After Market
By Companies
NSSMC, Interpipe, Vyksa Steel Works (VSW), EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, Comsteel, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Wagons Rail Wheel Market Report Segments:
The global Passenger Wagons Rail Wheel market is segmented on the basis of:
Types
Forged Wheels, Casting 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, After 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:
- NSSMC
- Interpipe
- Vyksa Steel Works (VSW)
- EVRAZ NTMK
- Bochumer Verein Verkehrstechnik (BVV)
- Rail Wheel Factory
- GHH-Bonatrans
- Durgapur Steel Plant
- Amsted Rail
- Comsteel
- Masteel
- Taiyuan Heavy Industry
- Datong ABC Castings Company
- Xinyang Tonghe wheels
Highlights of The Passenger Wagons Rail Wheel 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:
- Forged Wheels
- Casting Wheels
- By Application:
- OE Market
- After 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 Passenger Wagons Rail Wheel 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
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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?
Passenger Wagons Rail Wheel is a type of railway wheel that is used on passenger trains.
Some of the key players operating in the passenger wagons rail wheel market are NSSMC, Interpipe, Vyksa Steel Works (VSW), EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, Comsteel, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size & Forecast, 2018-2028 4.5.1 Passenger Wagons Rail Wheel Market Size and Y-o-Y Growth 4.5.2 Passenger Wagons Rail Wheel Market Absolute $ Opportunity
Chapter 5 Global Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Type
5.2.1 Forged Wheels
5.2.2 Casting Wheels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Applications
6.2.1 OE Market
6.2.2 After Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Type
9.6.1 Forged Wheels
9.6.2 Casting 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 Passenger Wagons Rail Wheel Market Size Forecast by Applications
9.10.1 OE Market
9.10.2 After 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 Passenger Wagons Rail Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Type
10.6.1 Forged Wheels
10.6.2 Casting 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 Passenger Wagons Rail Wheel Market Size Forecast by Applications
10.10.1 OE Market
10.10.2 After 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 Passenger Wagons Rail Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Type
11.6.1 Forged Wheels
11.6.2 Casting 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 Passenger Wagons Rail Wheel Market Size Forecast by Applications
11.10.1 OE Market
11.10.2 After 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 Passenger Wagons Rail Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Wagons Rail Wheel 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 Passenger Wagons Rail Wheel Market Size Forecast by Type
12.6.1 Forged Wheels
12.6.2 Casting 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 Passenger Wagons Rail Wheel Market Size Forecast by Applications
12.10.1 OE Market
12.10.2 After 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) Passenger Wagons Rail Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Wagons Rail Wheel 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) Passenger Wagons Rail Wheel Market Size Forecast by Type
13.6.1 Forged Wheels
13.6.2 Casting 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) Passenger Wagons Rail Wheel Market Size Forecast by Applications
13.10.1 OE Market
13.10.2 After 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 Passenger Wagons Rail Wheel Market: Competitive Dashboard
14.2 Global Passenger Wagons Rail Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NSSMC
14.3.2 Interpipe
14.3.3 Vyksa Steel Works (VSW)
14.3.4 EVRAZ NTMK
14.3.5 Bochumer Verein Verkehrstechnik (BVV)
14.3.6 Rail Wheel Factory
14.3.7 GHH-Bonatrans
14.3.8 Durgapur Steel Plant
14.3.9 Amsted Rail
14.3.10 Comsteel
14.3.11 Masteel
14.3.12 Taiyuan Heavy Industry
14.3.13 Datong ABC Castings Company
14.3.14 Xinyang Tonghe wheels