Market Overview:
The global rail inspection car 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 ballastless track and rising investments in railway infrastructure across the globe. In terms of type, the switch inspection car segment is expected to lead the global rail inspection car market during the forecast period. This can be attributed to increased adoption of switch inspection cars for inspecting switches and crossings on mainline tracks, which helps reduce delays and improve safety on railways networks.
Product Definition:
Rail inspection car is a railway vehicle used to inspect the condition of the rails.
Switch:
The global switch, also known as lever or gate, is a mechanical device that controls the current in an electric circuit. It can be operated in two ways; either by interrupting the flow of electrical current through it or by opening and closing an electrical contact inside it. A typical example of a switch is a light dimmer which uses a single-contact technology to control the flow of electricity to the light bulb.
Main Line:
The main line is a railway track that forms the spine of any rail network. It is used to transport freight and passengers between destinations. The longer the main line, the more lucrative it can be as there are more opportunities for loading and unloading at each station.
Railway companies have been investing in upgrading their infrastructure to make travel easier.
Application Insights:
The ballastless track application segment dominated the global rail inspection car market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for high-speed trains, which operate on a non-metallic track. These trains have no metal parts or components that can cause damage in case of collision or derailment.
Ballast track applications are anticipated to witness significant growth over the forecast period owing to their rising use in developing countries where there has been an increase in railway infrastructure development activities over the past few years. Ballast Track also known as Conventional Track Application involves installation of rails with steel sleepers and gravel/gravel mixture along with crossties for supporting rolling stock such as freight cars, passenger coaches and locomotives on wheelsets.
Regional Analysis:
Europe dominated the global rail inspection car market in terms of revenue share in 2017. The presence of stringent government regulations and rising infrastructure development activities are some factors driving the regional demand. For instance, according to Infrastructurshub, a European infrastructure publication, over 40% of tracks need to be upgraded across Europe’s railways by 2020. This is likely to increase spending on maintenance and upgrade activities over the coming years which is expected to positively impact industry growth.
Asia Pacific region is anticipated to witness significant growth during the forecast period owing its increasing infrastructural developments coupled with rising industrialization.
Growth Factors:
- Increasing demand for rail inspection cars from the mining and railway sectors due to the growing need for safety and security.
- The increasing adoption of rail inspection cars by developed countries owing to the stringent safety norms and regulations.
- Growing investments in research and development activities by key players to develop advanced technologies for rail inspection cars that offer enhanced performance, accuracy, and reliability.
- Rising demand for refurbished or used rail inspection cars from various end-use industries as they are more economical as compared to new ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Inspection Car Market Research Report
By Type
Switch, Main Line
By Application
Ballastless Track, Ballast Track
By Companies
CRRC, Vossloh, CRCC High-Tech Equipment, Loram Maintenance of Way, Linsinger, Harsco, Plasser, Strukton, Speno, Remputmash Group, GEATECH Group, Gemac Engineering, MATISA, CHSR, S-milling Technologies GmbH
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Rail Inspection Car Market Report Segments:
The global Rail Inspection Car market is segmented on the basis of:
Types
Switch, Main Line
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
Ballastless Track, Ballast Track
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:
- CRRC
- Vossloh
- CRCC High-Tech Equipment
- Loram Maintenance of Way
- Linsinger
- Harsco
- Plasser
- Strukton
- Speno
- Remputmash Group
- GEATECH Group
- Gemac Engineering
- MATISA
- CHSR
- S-milling Technologies GmbH
Highlights of The Rail Inspection Car 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:
- Switch
- Main Line
- By Application:
- Ballastless Track
- Ballast Track
- 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 Rail Inspection Car 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?
Rail inspection car is a special vehicle used by railroads to inspect the track, bridges, and other infrastructure.
Some of the major companies in the rail inspection car market are CRRC, Vossloh, CRCC High-Tech Equipment, Loram Maintenance of Way, Linsinger, Harsco, Plasser, Strukton, Speno, Remputmash Group, GEATECH Group, Gemac Engineering, MATISA, CHSR, S-milling Technologies GmbH.
The rail inspection car 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 Rail Inspection Car 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 Rail Inspection Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Inspection Car 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 Rail Inspection Car 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 Rail Inspection Car Market Size & Forecast, 2020-2028
4.5.1 Rail Inspection Car Market Size and Y-o-Y Growth
4.5.2 Rail Inspection Car Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Switch
5.2.2 Main Line
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Ballastless Track
6.2.2 Ballast Track
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Inspection Car 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 Rail Inspection Car 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Switch
9.6.2 Main Line
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 Market Size Forecast by Applications
9.10.1 Ballastless Track
9.10.2 Ballast Track
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Switch
10.6.2 Main Line
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 Market Size Forecast by Applications
10.10.1 Ballastless Track
10.10.2 Ballast Track
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Switch
11.6.2 Main Line
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 Market Size Forecast by Applications
11.10.1 Ballastless Track
11.10.2 Ballast Track
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Switch
12.6.2 Main Line
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 Market Size Forecast by Applications
12.10.1 Ballastless Track
12.10.2 Ballast Track
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Switch
13.6.2 Main Line
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) Market Size Forecast by Applications
13.10.1 Ballastless Track
13.10.2 Ballast Track
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 Rail Inspection Car Market: Competitive Dashboard
14.2 Global Rail Inspection Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC
14.3.2 Vossloh
14.3.3 CRCC High-Tech Equipment
14.3.4 Loram Maintenance of Way
14.3.5 Linsinger
14.3.6 Harsco
14.3.7 Plasser
14.3.8 Strukton
14.3.9 Speno
14.3.10 Remputmash Group
14.3.11 GEATECH Group
14.3.12 Gemac Engineering
14.3.13 MATISA
14.3.14 CHSR
14.3.15 S-milling Technologies GmbH
