Market Overview:
Railway track maintenance vehicles are used to maintain the railway tracks in a proper condition. These vehicles include tamping machines, rail grinding trains, stabilizing machinery, rail handling machinery, ballast cleaning machines and other such equipment. The global railway track maintenance vehicles market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for high-speed railways across the globe and rising investments in railway infrastructure projects. The global railway track maintenance vehicles market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into tamping machine, rail grinding train, stabilizing machinery, rail handling machinery ballast cleaning machine and other such equipment.
Product Definition:
Railway track maintenance vehicles are used to keep railway tracks in a good condition. They are important for the safety of trains and passengers.
Tamping Machine:
Tamping machine is a device used in railway track maintenance vehicles for compacting the ballast or gravel on the running rail tracks. The machine consists of two steel rollers, which are fixed at one end and a handle at the other. Gravel is spread between these rollers by means of an auger-like device known as tamping iron. As soon as this process is completed, another roller follows it and continues to press down the gravel until all requirements are fulfilled.
Rail Grinding Train:
Rail grinding train is a kind of rail-mounted device used for grinding and polishing the rails. It is also known as rail track maintenance vehicle or Rail Grinder. The working principle of these devices is based on hydraulic systems, which are driven by electric motors. These vehicles have wheels made up of high-pressure tires in order to grind the rails efficiently without causing any harm to passengers or railway infrastructure around it.
The global demand for efficient.
Application Insights:
Ballast track application segment led the global railway track maintenance vehicles market in 2017 and is projected to maintain its dominance over the forecast period. Ballastless track consists of continuous rail without ballast, which requires less maintenance as compared to ballasted rail. The major advantage of using BTL is that it does not require regular inspection and cleaning like conventional railroad tracks. However, there are certain disadvantages associated with this type of track including increased risk of accidents due to lack of safety devices such as block signals and interlocking mechanisms between the rails.
The demand for ballast Track Maintenance Vehicles (Tmv) in North America has witnessed a rise due to increasing number of infrastructure projects on account-railroad-track-maintenance-vehicles (RTM). For instance, Union Pacific Corporation¢â‚¬â„¢s Kansas City Southern Railway subsidiary has announced plans for expanding its fleet by 20 locomotives from 2018 to 2019.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing infrastructure activities coupled with rising government initiatives for modernization of rail infrastructure. For instance, China is spending huge amounts on building new railways and upgrading old railway lines which will connect more than a hundred cities with high-speed trains traveling at speeds up to 300 km/h. This massive project will link Beijing, Tianjin, Jinan, Hebei province as well as Shanxi province by 2018’s end; this line alone has costed nearly USD X billion so far (as of 2016). Such investments are also being made in India where construction of brand new railway track across several states including West Bengal & Bihar is currently underway at a cost exceeding USD X billion per year (as of 2014).
Growth Factors:
- Increasing demand for railway track maintenance vehicles from the transportation sector to meet the growing needs of passengers and goods.
- Rising investments in railway infrastructure projects across the globe, which is expected to create opportunities for growth of the Railway Track Maintenance Vehicles market.
- Proliferation of high-speed railways and development of new railway lines are anticipated to fuel demand for Railway Track Maintenance Vehicles over the forecast period.
- Growing awareness about safety measures in railways is projected to boost adoption of Railway Track Maintenance Vehicles globally over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Track Maintenance Vehicles Market Research Report
By Type
Tamping Machine, Rail Grinding Train, Stabilizing Machinery, Rail Handling Machinery, Ballast Cleaning Machine, Other
By Application
Ballast Track, Ballastless Track
By Companies
CRCC High-Tech Equipment, Harsco, Loram Maintenance of Way, Plasser & Theurer, Speno, Nordco, Remputmash Group, CRRC, MATISA France, Teraspyora-Steelwheel, CRCC High-Tech Equipment, Beijing Yan Hong Da Railway Equipment
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Railway Track Maintenance Vehicles Market Report Segments:
The global Railway Track Maintenance Vehicles market is segmented on the basis of:
Types
Tamping Machine, Rail Grinding Train, Stabilizing Machinery, Rail Handling Machinery, Ballast Cleaning Machine, Other
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
Ballast Track, Ballastless 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:
- CRCC High-Tech Equipment
- Harsco
- Loram Maintenance of Way
- Plasser & Theurer
- Speno
- Nordco
- Remputmash Group
- CRRC
- MATISA France
- Teraspyora-Steelwheel
- CRCC High-Tech Equipment
- Beijing Yan Hong Da Railway Equipment
Highlights of The Railway Track Maintenance Vehicles 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:
- Tamping Machine
- Rail Grinding Train
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Other
- By Application:
- Ballast Track
- Ballastless 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 Railway Track Maintenance Vehicles 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?
Railway track maintenance vehicles are used to keep railway tracks in good condition. They use a variety of tools, including scrapers, hammers, and chisels, to remove dirt and debris from the tracks.
Some of the major players in the railway track maintenance vehicles market are CRCC High-Tech Equipment, Harsco, Loram Maintenance of Way, Plasser & Theurer, Speno, Nordco, Remputmash Group, CRRC, MATISA France, Teraspyora-Steelwheel, CRCC High-Tech Equipment, Beijing Yan Hong Da Railway Equipment.
The railway track maintenance vehicles 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 Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size & Forecast, 2018-2028
4.5.1 Railway Track Maintenance Vehicles Market Size and Y-o-Y Growth
4.5.2 Railway Track Maintenance Vehicles Market Absolute $ Opportunity
Chapter 5 Global Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Type
5.2.1 Tamping Machine
5.2.2 Rail Grinding Train
5.2.3 Stabilizing Machinery
5.2.4 Rail Handling Machinery
5.2.5 Ballast Cleaning Machine
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Applications
6.2.1 Ballast Track
6.2.2 Ballastless Track
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Type
9.6.1 Tamping Machine
9.6.2 Rail Grinding Train
9.6.3 Stabilizing Machinery
9.6.4 Rail Handling Machinery
9.6.5 Ballast Cleaning Machine
9.6.6 Other
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 Railway Track Maintenance Vehicles Market Size Forecast by Applications
9.10.1 Ballast Track
9.10.2 Ballastless 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 Railway Track Maintenance Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Type
10.6.1 Tamping Machine
10.6.2 Rail Grinding Train
10.6.3 Stabilizing Machinery
10.6.4 Rail Handling Machinery
10.6.5 Ballast Cleaning Machine
10.6.6 Other
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 Railway Track Maintenance Vehicles Market Size Forecast by Applications
10.10.1 Ballast Track
10.10.2 Ballastless 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 Railway Track Maintenance Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Type
11.6.1 Tamping Machine
11.6.2 Rail Grinding Train
11.6.3 Stabilizing Machinery
11.6.4 Rail Handling Machinery
11.6.5 Ballast Cleaning Machine
11.6.6 Other
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 Railway Track Maintenance Vehicles Market Size Forecast by Applications
11.10.1 Ballast Track
11.10.2 Ballastless 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 Railway Track Maintenance Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Track Maintenance Vehicles 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 Railway Track Maintenance Vehicles Market Size Forecast by Type
12.6.1 Tamping Machine
12.6.2 Rail Grinding Train
12.6.3 Stabilizing Machinery
12.6.4 Rail Handling Machinery
12.6.5 Ballast Cleaning Machine
12.6.6 Other
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 Railway Track Maintenance Vehicles Market Size Forecast by Applications
12.10.1 Ballast Track
12.10.2 Ballastless 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) Railway Track Maintenance Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Track Maintenance Vehicles 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) Railway Track Maintenance Vehicles Market Size Forecast by Type
13.6.1 Tamping Machine
13.6.2 Rail Grinding Train
13.6.3 Stabilizing Machinery
13.6.4 Rail Handling Machinery
13.6.5 Ballast Cleaning Machine
13.6.6 Other
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) Railway Track Maintenance Vehicles Market Size Forecast by Applications
13.10.1 Ballast Track
13.10.2 Ballastless 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 Railway Track Maintenance Vehicles Market: Competitive Dashboard
14.2 Global Railway Track Maintenance Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRCC High-Tech Equipment
14.3.2 Harsco
14.3.3 Loram Maintenance of Way
14.3.4 Plasser & Theurer
14.3.5 Speno
14.3.6 Nordco
14.3.7 Remputmash Group
14.3.8 CRRC
14.3.9 MATISA France
14.3.10 Teraspyora-Steelwheel
14.3.11 CRCC High-Tech Equipment
14.3.12 Beijing Yan Hong Da Railway Equipment
