Market Overview:
The global rail track machines 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 high-speed railways and conventional railways across the globe. Additionally, factors such as an increase in subway and heavy haul railway networks are also contributing to the growth of this market. The global rail track machines market is segmented on the basis of type, application, and region. On the basis of type, it is divided into steam rail track machines, diesel rail track machines, and electric rail track machines. The electric rail track machine segment is expected to grow at a higher CAGR during the forecast period owing to its advantages over other types of railway equipment such as low emissions and noise levels. By application, it is classified into high-speed railway, conventional railway system (subway), heavy haul railway system (including freight trains), and others (tourist railways).
Product Definition:
Rail track machines are used to install, maintain and repair railway tracks. They include machines such as track layers, ballast regulators, rail grinders and track switches. Rail track machines play an important role in ensuring that railway tracks are properly installed and maintained.
Steam Rail Track Machines:
Steam rail track machines are used to lay down the rail tracks for a safe and smooth operation of trains. These machines have the ability to work on different types of terrain such as level, rolling and hilly areas. They can also work in adverse weather conditions such as snowfall or rainfall. The steam-powered track laying machine has an advantage over other mechanical equipment owing to its capability of working under high pressure at a constant temperature, thus providing better results with less efforts.
Diesel Rail Track Machines:
Diesel rail track machines are used in rail track machines for the purpose of loading and unloading freight cars at railway stations, yards, or on sidings. They are also used to push or pull loaded cars from one place to another. Diesel rail track machine is a mechanical device that has wheels and axles like a conventional steam locomotive but it runs on diesel fuel instead of steam.
Application Insights:
The conventional railway application segment dominated the global rail track machines market in 2017, accounting for a share of over 60.0% by revenue. The segment is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to an increase in demand for diesel and steam locomotives coupled with the expansion of existing railways networks across various regions, including Europe and Asia Pacific.
High-speed railway is estimated to be the fastest growing application segment during the forecast period owing to an increase in HSR construction projects across various countries, such as China, Japan and India. For instance; High-speed Rail Corporation Limited (HSRC) has announced plans for ¢â‚¬Å“Maglev¢â‚¬ trains between Ahmedabad (India) and Vadodara (India).
Regional Analysis:
Europe dominated the global rail track machines market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of prominent players such as Bombardier Transportation, Inc.; Siemens AG; Alstom; and CAF Group, all based in Europe. The region is expected to continue its dominance over the forecast period owing to increasing investments for high-speed railway projects such as High-Speed 1 (AVE), which connects Paris and Lyons via Champagne and Meuse valley along with High-Speed 2 (AHC) between Paris and Bordeaux via La Manche island.
Asia Pacific regional market was valued at USD X million in 2017 owing to growing demand from countries like China, India, Japan, South Korea & Australia for new construction or modernization of existing infrastructure & rolling stock including trainsets coupled with rising passenger traffic on railways networks across these countries on account of strong economic growth during recent years.
Growth Factors:
- Increasing demand for rail track machines from the transportation sector as it helps in improving the efficiency of railway operations.
- Growing investments by governments across the globe for modernization of railway infrastructure, which is expected to create opportunities for rail track machines market growth over the forecast period.
- Rising demand for high-speed trains and metros, which requires installation of new or upgraded rail tracks, is propelling the demand for rail track machines market globally.
- Technological advancements in rail track machines that are helping operators reduce downtime and increase efficiency are contributing to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Track Machines Market Research Report
By Type
Steam Rail Track Machines, Diesel Rail Track Machines, Electric Rail Track Machines
By Application
High Speed Railway, Conventional Railway, Subway, Heavy Haul Railway
By Companies
CRRC, Alstom, Siemens, Bombardier, CRCC, CRECG, General Electric, Hitachi, Hyundai Rotem, Transmashholding, Voestalpine, Toshiba, Kawasaki, CRSC, Wabtec, SIMPLETEC, TM Track Machines, RCE Rail, Sinara
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Rail Track Machines Market Report Segments:
The global Rail Track Machines market is segmented on the basis of:
Types
Steam Rail Track Machines, Diesel Rail Track Machines, Electric Rail Track Machines
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
High Speed Railway, Conventional Railway, Subway, Heavy Haul Railway
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
- Alstom
- Siemens
- Bombardier
- CRCC
- CRECG
- General Electric
- Hitachi
- Hyundai Rotem
- Transmashholding
- Voestalpine
- Toshiba
- Kawasaki
- CRSC
- Wabtec
- SIMPLETEC
- TM Track Machines
- RCE Rail
- Sinara
Highlights of The Rail Track Machines 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:
- Steam Rail Track Machines
- Diesel Rail Track Machines
- Electric Rail Track Machines
- By Application:
- High Speed Railway
- Conventional Railway
- Subway
- Heavy Haul Railway
- 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 Track Machines 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?
Rail Track Machines are machines that use rails to move materials. They can be used for a variety of purposes, including moving goods in factories, moving materials in mines, and transporting people or cargo on trains.
Some of the major players in the rail track machines market are CRRC, Alstom, Siemens, Bombardier, CRCC, CRECG, General Electric, Hitachi, Hyundai Rotem, Transmashholding, Voestalpine, Toshiba, Kawasaki, CRSC, Wabtec, SIMPLETEC, TM Track Machines, RCE Rail, Sinara.
The rail track machines 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 Track Machines 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 Track Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Track Machines 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 Track Machines 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 Track Machines Market Size & Forecast, 2020-2028
4.5.1 Rail Track Machines Market Size and Y-o-Y Growth
4.5.2 Rail Track Machines 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 Steam Rail Track Machines
5.2.2 Diesel Rail Track Machines
5.2.3 Electric Rail Track Machines
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 High Speed Railway
6.2.2 Conventional Railway
6.2.3 Subway
6.2.4 Heavy Haul Railway
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Track Machines 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 Track Machines 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 Steam Rail Track Machines
9.6.2 Diesel Rail Track Machines
9.6.3 Electric Rail Track Machines
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 High Speed Railway
9.10.2 Conventional Railway
9.10.3 Subway
9.10.4 Heavy Haul Railway
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 Steam Rail Track Machines
10.6.2 Diesel Rail Track Machines
10.6.3 Electric Rail Track Machines
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 High Speed Railway
10.10.2 Conventional Railway
10.10.3 Subway
10.10.4 Heavy Haul Railway
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 Steam Rail Track Machines
11.6.2 Diesel Rail Track Machines
11.6.3 Electric Rail Track Machines
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 High Speed Railway
11.10.2 Conventional Railway
11.10.3 Subway
11.10.4 Heavy Haul Railway
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 Steam Rail Track Machines
12.6.2 Diesel Rail Track Machines
12.6.3 Electric Rail Track Machines
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 High Speed Railway
12.10.2 Conventional Railway
12.10.3 Subway
12.10.4 Heavy Haul Railway
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 Steam Rail Track Machines
13.6.2 Diesel Rail Track Machines
13.6.3 Electric Rail Track Machines
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 High Speed Railway
13.10.2 Conventional Railway
13.10.3 Subway
13.10.4 Heavy Haul Railway
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 Track Machines Market: Competitive Dashboard
14.2 Global Rail Track Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC
14.3.2 Alstom
14.3.3 Siemens
14.3.4 Bombardier
14.3.5 CRCC
14.3.6 CRECG
14.3.7 General Electric
14.3.8 Hitachi
14.3.9 Hyundai Rotem
14.3.10 Transmashholding
14.3.11 Voestalpine
14.3.12 Toshiba
14.3.13 Kawasaki
14.3.14 CRSC
14.3.15 Wabtec
14.3.16 SIMPLETEC
14.3.17 TM Track Machines
14.3.18 RCE Rail
14.3.19 Sinara
