Market Overview:
The global rail wheels and axles 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 rolling stock, especially in developing countries such as China, India, and Brazil. Additionally, the increasing focus on safety and security by railway operators is also driving the demand for new rail wheels and axles. The global rail wheels and axles market can be segmented based on type into rolled wheels & axles and forged wheels & axles. The rolled wheel & axle segment is expected to account for the majority of the market share during the forecast period owing to its low cost as compared to forged wheel & axle segments.
Product Definition:
Rail Wheels and Axles are used to support the weight of a train while it is moving.
Rolled Wheels & Axles:
The global rolled wheels & axles market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022. The growth can be attributed to the increasing demand for lightweight vehicles on account of rising fuel prices and environmental concerns regarding carbon emissions from conventional steel-based components used in automobiles, coupled with stringent government regulations pertaining to weight reduction of vehicles.
Forged Wheels & Axles:
Forged wheels & axles are manufactured using high-pressure die casting or pressure die casting process. The main difference between the two processes is that in a pressure die cast, the metal is under extreme force and thus, it creates more uniformity in terms of shape and size as compared to a normal cast where there is no pressurized metal inside the machine. Thus, forged wheels & axles have larger diameters with less variation in thickness which gives them an advantage over their counterparts.
Application Insights:
The market is segmented by application into unit trains, mixed freight trains and intermodal trains. The unit train was the dominant segment in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for diesel engines coupled with rising production of diesel-powered locomotives.
The mixed freight train was the second-largest application in 2017 owing to an increase in demand for container transportation across various regions, including Europe and Asia Pacific. Mixed freight trains comprise both long distance passenger as well as goods transport services that operate between major cities on a regular basis throughout the day & night (24*7).
Regional Analysis:
Europe dominated the global rail wheels and axle market in terms of revenue share in 2017. The growth is attributed to the presence of prominent manufacturers such as Alstom, Bombardier, CAF, Hyundai Rotem, Siemens Mobility Services (SMS), and Volkwagen Group. Europe is also expected to be a key regional market over the forecast period owing to increasing demand for high-quality forged steel wheel products from countries such as Germany and France.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising investments by various governments for improving transportation facilities coupled with growing industrialization & urbanization resulting into increased requirement for intercity trains services which will further boost product demand across China, India Japan among other emerging economies in Asia Pacific region. In addition Intermodal freight traffic has witnessed significant increase due its utilization of containers that are hauled by rail vehicles thus creating opportunities for industry expansion over next eight years.
Growth Factors:
- Increasing demand for rail transportation in developing countries
- Growing urbanization and industrialization
- Development of high-speed railways
- Proliferation of freight trains to meet the increasing demand for goods transport
- Technological advancements in wheel and axle manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Wheels and Axles Market Research Report
By Type
Rolled Wheels & Axles, Forged Wheels & Axles
By Application
Unit Trains, Mixed Freight Trains, Intermodal Trains
By Companies
GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel, NSSMC, Kolowag, GHH-BONATRANS
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Rail Wheels and Axles Market Report Segments:
The global Rail Wheels and Axles market is segmented on the basis of:
Types
Rolled Wheels & Axles, Forged Wheels & Axles
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
Unit Trains, Mixed Freight Trains, Intermodal Trains
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:
- GHH-BONATRANS
- Lucchini RS
- EVRAZ NTMK
- GMH-Gruppe
- Interpipe
- OMK
- Amsted Rail
- Masteel
- NSSMC
- Kolowag
- GHH-BONATRANS
Highlights of The Rail Wheels and Axles 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:
- Rolled Wheels & Axles
- Forged Wheels & Axles
- By Application:
- Unit Trains
- Mixed Freight Trains
- Intermodal Trains
- 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 Wheels and Axles 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
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- Consumer Insights
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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 wheels and axles are the two main components of a railroad system. They allow trains to move along tracks, and they provide the power to move the trains.
Some of the key players operating in the rail wheels and axles market are GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel, NSSMC, Kolowag, GHH-BONATRANS.
The rail wheels and axles 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 Wheels and Axles 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 Wheels and Axles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rail Wheels and Axles 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 Wheels and Axles 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 Wheels and Axles Market Size & Forecast, 2020-2028 4.5.1 Rail Wheels and Axles Market Size and Y-o-Y Growth 4.5.2 Rail Wheels and Axles 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 Rolled Wheels & Axles
5.2.2 Forged Wheels & Axles
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 Unit Trains
6.2.2 Mixed Freight Trains
6.2.3 Intermodal Trains
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Wheels and Axles 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 Wheels and Axles 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 Rolled Wheels & Axles
9.6.2 Forged Wheels & Axles
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 Unit Trains
9.10.2 Mixed Freight Trains
9.10.3 Intermodal Trains
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 Rolled Wheels & Axles
10.6.2 Forged Wheels & Axles
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 Unit Trains
10.10.2 Mixed Freight Trains
10.10.3 Intermodal Trains
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 Rolled Wheels & Axles
11.6.2 Forged Wheels & Axles
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 Unit Trains
11.10.2 Mixed Freight Trains
11.10.3 Intermodal Trains
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 Rolled Wheels & Axles
12.6.2 Forged Wheels & Axles
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 Unit Trains
12.10.2 Mixed Freight Trains
12.10.3 Intermodal Trains
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 Rolled Wheels & Axles
13.6.2 Forged Wheels & Axles
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 Unit Trains
13.10.2 Mixed Freight Trains
13.10.3 Intermodal Trains
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 Wheels and Axles Market: Competitive Dashboard
14.2 Global Rail Wheels and Axles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GHH-BONATRANS
14.3.2 Lucchini RS
14.3.3 EVRAZ NTMK
14.3.4 GMH-Gruppe
14.3.5 Interpipe
14.3.6 OMK
14.3.7 Amsted Rail
14.3.8 Masteel
14.3.9 NSSMC
14.3.10 Kolowag
14.3.11 GHH-BONATRANS