Market Overview:
The global rail maintenance vehicle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for high-speed railways and modernization of railway infrastructure across the globe. In addition, the increasing adoption of ballastless track systems is also contributing to the growth of this market. The global rail maintenance vehicle market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into switch vehicles and main line vehicles. Switch vehicles are used for switching operations in a railway network, while main line vehicles are used for track maintenance activities such as tamping, welding, and jointing. On the basis of application, it can be classified into ballastless track systems and ballast track systems. Ballastless track systems offer several advantages over traditional ballasted tracks such as reduced noise levels and improved ride quality; hence they are gaining popularity across various regions worldwide.
Product Definition:
A rail maintenance vehicle is a type of locomotive or multiple unit used for the maintenance of railway tracks, switches, and crossings. These vehicles usually have a low power output and are not meant for passenger service.
Switch:
The global switch, it's usage and growth factor in the rail maintenance vehicle market size was valued at USD 3.6 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period owing to increasing demand for switching technology from various end-use industries such as oil & gas, power generation, mining & metals and others.
Main Line:
The main line is a railway track that forms the spine of rail networks. It is used to transport freight and passengers between stations. The global market for rail maintenance vehicles (RMV) has witnessed significant growth over the past few years owing to increasing demand in various end-use industries such as mining, construction, oil & gas and others.
Application Insights:
The ballastless track application segment dominated the global market in 2017. This can be attributed to its rising use in high-speed rail projects, such as the Trans-Canada Rail System (TTCLS) and China¢â‚¬â„¢s Guangzhou-Shenzhen High Speed Railway. In addition, factors including increasing number of infrastructure projects worldwide and growing demand for HVACR equipment are expected to drive industry growth over the forecast period.
Ballast track is anticipated to be one of the fastest growing segments over the forecast period owing to its wide applications across various industries including mining, construction and railways. It is widely used for short distance haulage on main line railways owing to low maintenance cost associated with it as compared to long haul trucks or trains that require more sophisticated equipment for moving heavy minerals or rockslides along railway tracks during transportation operations.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of large rail infrastructure projects, such as Crossrail and High-Speed 1, which are being constructed across the region. The Asia Pacific regional market is expected to witness significant growth over the forecast period owing to increasing demand for high-quality railway services from passengers and freight operators at competitive prices.
The growing industrial sector and rising energy demands are driving investments for expanding rail networks across major economies including China, India, Japan, Indonesia among others thus creating opportunities for maintenance vehicles in this region as well.
Growth Factors:
- Increasing demand for rail transportation across the globe
- Growing investments in railway infrastructure
- Proliferation of high-speed railways networks
- Rising awareness about the benefits of rail maintenance vehicles
- Technological advancements in rail maintenance vehicle industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Maintenance Vehicle 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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Rail Maintenance Vehicle Market Report Segments:
The global Rail Maintenance Vehicle 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 Maintenance Vehicle 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 Maintenance Vehicle 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:
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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?
A rail maintenance vehicle is a specialized train used to maintain the tracks and rolling stock of railroad systems. RMs typically have a higher capacity than passenger trains, allowing them to carry more tools and equipment. They are also equipped with powerful engines that allow them to travel at high speeds over long distances.
Some of the key players operating in the rail maintenance vehicle 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 maintenance vehicle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Maintenance Vehicle 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 Maintenance Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Maintenance Vehicle 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 Maintenance Vehicle 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 Maintenance Vehicle Market Size & Forecast, 2020-2028
4.5.1 Rail Maintenance Vehicle Market Size and Y-o-Y Growth
4.5.2 Rail Maintenance Vehicle 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 Maintenance Vehicle 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 Maintenance Vehicle 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 Maintenance Vehicle Market: Competitive Dashboard
14.2 Global Rail Maintenance Vehicle 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
