Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Railway Track Wheels Market by Type (High speed, Freight Wagons, Passenger Wagons, Locos, Others), By Application (OE Market, AM Market) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Railway Track Wheels Market by Type (High speed, Freight Wagons, Passenger Wagons, Locos, Others), By Application (OE Market, AM Market) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 330412 4200 Automobile & Transportation 377 197 Pages 5 (36)
                                          

Market Overview:


The global railway track wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the railway track wheels market can be attributed to the increasing demand for high-speed railways and freight wagons across the globe. Additionally, rising investments in rail infrastructure are also propelling the growth of this market. The global railway track wheels market is segmented on the basis of type, application, and region. On the basis of type, it is divided into high speed, freight wagons, passenger wagons, locomotives, and others (including maintenance vehicles). The high-speed segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to increasing demand for faster transportation across developed and developing countries alike. On account of growing urbanization and industrialization in emerging economies such as China and India coupled with rising disposable income levels among consumers has led to an increase in demand for passenger transport services which will drive growth prospects for this segment over coming years. On basis if application ,the Railway Track Wheels Market can be classified as OE Market & AM Market .OE MARKET: This sector includes Original Equipment Manufacturers who procure Railway Track Wheels products from various suppliers globally & use them within their own equipment or sell these products under their brand name .


Global Railway Track Wheels Industry Outlook


Product Definition:


Railway track wheels are the wheels that run on railway tracks. They are typically made of steel and have a flange on one side to keep the wheel in gauge with the track.


High speed:


High speed is defined as the maximum speed of a train over 30 km/h. The usage of high-speed wheel has been increasing in recent years owing to its benefits such as reduced weight on rail, less noise & vibration and increased safety.


The growth factor for High Speed Wheel (HSW) market is expected to grow at a CAGR greater than 5% from 2018 to 2025.


Freight Wagons:


Freight wagons are used to transport goods and materials in railway networks. They are designed for carrying various types of freight including liquids, break bulk, general cargo and specialized freight. The wheels in a railway track help to keep the train on track by providing grip while moving along the rail tracks. Freight wagons have different wheel designs that can be customized according to customer requirements depending upon their application or use.


Application Insights:


The original equipment market (OE) railway track wheels is the largest segment of the global railway track wheels market and accounted for over 60.0% share in 2017. The high demand from major railways in developed countries such as Germany, France, U.K., Spain, Italy and Belgium is expected to drive growth over the forecast period.


The aftermarket market for OE railway track wheels is expected to grow at a significant rate owing to increasing replacement rates of old inventory with new technologically advanced products across all major regions including North America, Europe, Asia Pacific and Latin America. In addition to this factor; growing awareness regarding improved performance & safety offered by aftermarket replacement product coupled with favorable government policies promoting investments are likely to propel growth over the forecast period  in near future.


AMTRAK has been one of the leading adopters of modern technology wheel designs on its passenger trains that ply between Boston.


Regional Analysis:


Asia Pacific dominated the global market in terms of revenue with a share of over 60.0% in 2017. This is attributed to increasing investments and favorable government policies across countries such as China, India, Japan, and South Korea for developing the railway infrastructure. The Asia Pacific region is expected to witness significant growth rate over the forecast period owing to rising demand for high-quality steel from manufacturers across China and India.


The European market was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 due an increase in passenger traffic on account of various initiatives taken by governments including High-Speed 2 (HS2) between London & Birmingham; Narrow Gauge Railways (NGR) between Paris & Brest; AVE between Barcelona & Valencia; etc.


Growth Factors:


  • Increasing demand for railway transportation services across the globe
  • Growing investments in railway infrastructure projects
  • Proliferation of high-speed railways networks worldwide
  • Rising adoption of advanced technologies in the railway sector
  • Growing demand for lightweight and energy-efficient wheels

Scope Of The Report

Report Attributes

Report Details

Report Title

Railway Track Wheels Market Research Report

By Type

High speed, Freight Wagons, Passenger Wagons, Locos, Others

By Application

OE Market, AM Market

By Companies

NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Amsted Rail, CAF, Comsteel, Magang (Group) Holding, Taiyuan Heavy Industry, Datong ABC Castings Company Limited (DACC), Xinyang Amsted Tonghe Wheels, ZHIQI 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

197

Number of Tables & Figures

138

Customization Available

Yes, the report can be customized as per your need.


Global Railway Track Wheels Market Report Segments:

The global Railway Track Wheels market is segmented on the basis of:

Types

High speed, Freight Wagons, Passenger Wagons, Locos, Others

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

OE Market, AM Market

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:

  1. NSSMC
  2. Interpipe
  3. OMK Steel
  4. EVRAZ NTMK
  5. Bochumer Verein Verkehrstechnik (BVV)
  6. Lucchini RS
  7. Rail Wheel Factory
  8. GHH-Bonatrans
  9. Amsted Rail
  10. CAF
  11. Comsteel
  12. Magang (Group) Holding
  13. Taiyuan Heavy Industry
  14. Datong ABC Castings Company Limited (DACC)
  15. Xinyang Amsted Tonghe Wheels
  16. ZHIQI RAILWAY EQUIPMENT

Global Railway Track Wheels Market Overview


Highlights of The Railway Track Wheels Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High speed
    2. Freight Wagons
    3. Passenger Wagons
    4. Locos
    5. Others
  1. By Application:

    1. OE Market
    2. AM Market
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Railway Track Wheels 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.

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Global Railway Track Wheels Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Railway track wheels are the large, circular devices that help move trains along railroad tracks. They have a series of grooves around their circumference that allow them to slide easily over the rails.

Some of the major companies in the railway track wheels market are NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Amsted Rail, CAF, Comsteel, Magang (Group) Holding, Taiyuan Heavy Industry, Datong ABC Castings Company Limited (DACC), Xinyang Amsted Tonghe Wheels, ZHIQI RAILWAY EQUIPMENT.

The railway track wheels 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 Wheels 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 Wheels Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Railway Track Wheels 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 Wheels 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 Wheels Market Size & Forecast, 2020-2028       4.5.1 Railway Track Wheels Market Size and Y-o-Y Growth       4.5.2 Railway Track Wheels 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 High speed
      5.2.2 Freight Wagons
      5.2.3 Passenger Wagons
      5.2.4 Locos
      5.2.5 Others
   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 OE Market
      6.2.2 AM Market
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Railway Track Wheels 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 Wheels 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 High speed
      9.6.2 Freight Wagons
      9.6.3 Passenger Wagons
      9.6.4 Locos
      9.6.5 Others
   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 OE Market
      9.10.2 AM Market
   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 High speed
      10.6.2 Freight Wagons
      10.6.3 Passenger Wagons
      10.6.4 Locos
      10.6.5 Others
   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 OE Market
      10.10.2 AM Market
   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 High speed
      11.6.2 Freight Wagons
      11.6.3 Passenger Wagons
      11.6.4 Locos
      11.6.5 Others
   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 OE Market
      11.10.2 AM Market
   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 High speed
      12.6.2 Freight Wagons
      12.6.3 Passenger Wagons
      12.6.4 Locos
      12.6.5 Others
   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 OE Market
      12.10.2 AM Market
   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 High speed
      13.6.2 Freight Wagons
      13.6.3 Passenger Wagons
      13.6.4 Locos
      13.6.5 Others
   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 OE Market
      13.10.2 AM Market
   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 Wheels Market: Competitive Dashboard
   14.2 Global Railway Track Wheels Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 NSSMC
      14.3.2 Interpipe
      14.3.3 OMK Steel
      14.3.4 EVRAZ NTMK
      14.3.5 Bochumer Verein Verkehrstechnik (BVV)
      14.3.6 Lucchini RS
      14.3.7 Rail Wheel Factory
      14.3.8 GHH-Bonatrans
      14.3.9 Amsted Rail
      14.3.10 CAF
      14.3.11 Comsteel
      14.3.12 Magang (Group) Holding
      14.3.13 Taiyuan Heavy Industry
      14.3.14 Datong ABC Castings Company Limited (DACC)
      14.3.15 Xinyang Amsted Tonghe Wheels
      14.3.16 ZHIQI RAILWAY EQUIPMENT

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