Market Overview:
The global rolled steel rail wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high-speed and fast speed railways across the globe. Additionally, the growing subway infrastructure in developing countries is also contributing to the growth of this market. The global rolled steel rail wheels market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into less than 600mm, 600-1000mm, 1000-1100mm, and above 1100mm segments. The 1000-1100mm segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its growing demand from high-speed railway applications across different regions globally. By application, it can be classified into high-speed railway, fast speed railway Subway applications among others). Among these applications segments; High Speed Railway held dominant share in 2017 and is projected witness highest CAGR over next few years owing rapid expansion plans by various governments around world for development & upgradation their existing railway networks .
Product Definition:
A railway wheel is a type of wheel specially designed for use on railways. Railway wheels are typically made of steel and are usually cylindrical in shape. The tread of the wheel is the part that comes into contact with the rail track.
Less Than 600mm:
The global less than 600mm it's usage and growth factor in the rolled steel rail wheels market size was valued at USD 6.5 billion in 2016. The increasing demand for lightweight vehicles on account of rising fuel prices is expected to drive industry growth over the forecast period.
The product offers high strength, rigidity, and corrosion resistance which helps reduce vehicle weight thereby improving fuel efficiency and reducing carbon emission levels significantly as compared to conventional products thus driving its demand over the projected period.
600-1000mm:
600-1000mm is the range of steel rail wheels which are used in a wide variety of applications such as container wagons, flat wagons, tankers and tractors. The 600-1000mm range has been witnessing significant growth over the past few years owing to its increasing demand from end users. 600-1000mm steel rail wheel market is expected to witness high growth on account of growing demand for heavy trucks across different regions including North America, Europe and Asia Pacific.
Application Insights:
High-speed railway was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. These rails are widely used in high-speed railways as they offer better performance at higher speeds. The segment will retain its dominant position throughout the forecast years due to various factors such as increasing demand for high speed trains, technological advancements, and an increase in investment by governments across the world.
The others application segment includes heavy railways, rapid transit railways, and intercity railways among others. Other than HSR applications, these wheels are also used on conventional railroads that operate below 300 km/h (186 mph). Conventional railroad systems mainly include short distance passenger travel where high acceleration is not required; however; there are instances where higher wheel designs can be beneficial on conventional trackage as well.
Regional Analysis:
Asia Pacific dominated the global rolled steel rail wheels market in 2016 and is expected to continue its dominance over the forecast period. The presence of prominent manufacturers in China, coupled with increasing investments for new railway projects, is expected to drive demand over the next eight years.
The Chinese government has planned extensive railway expansion across the country at a cost of USD X billion between 2014 and 2018. In addition, there are plans for another USD X billion investment from 2020 to 2040 which will bring total expenditure on railways infrastructure to around USD X billion by 2020. These factors are anticipated to propel industry growth during the forecast period.
North America accounted for a significant share owing to high-speed rail network development in Mexico and Canada as well as increasing use of metro systems across U S cities such as New York, Chicago etc.
Growth Factors:
- Increasing demand for transportation: The growth of the global economy has led to an increase in the demand for transportation, which is benefiting the rolled steel rail wheels market.
- Urbanization and industrialization in developing countries: The growth of urbanization and industrialization in developing countries is leading to an increase in the demand for transportation, which is benefiting the rolled steel rail wheels market.
- Technological advancements: The development of new technologies that improve the performance of rolling stock is benefitting the rolled steel rail wheels market.
- Regulations mandating use of high-quality materials: Stringent regulations mandating use of high-quality materials are benefitting the rolled steel rail wheels market by ensuring quality products are used in railway systems across regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rolled Steel Rail Wheels Market Research Report
By Type
Less Than 600mm, 600-1000mm, 1000-1100mm, Above 1100mm
By Application
High-Speed Railway, Fast Speed Railway, Subway, Others
By Companies
NSSMC, Interpipe, GHH-Bonatrans, Evraz Ntmk, Masteel, Taiyuan Heavy Industry, Lucchini RS, OMK, Amsted Rail, Shandong Heli Wheel
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Rolled Steel Rail Wheels Market Report Segments:
The global Rolled Steel Rail Wheels market is segmented on the basis of:
Types
Less Than 600mm, 600-1000mm, 1000-1100mm, Above 1100mm
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, Fast Speed Railway, Subway, Others
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:
- NSSMC
- Interpipe
- GHH-Bonatrans
- Evraz Ntmk
- Masteel
- Taiyuan Heavy Industry
- Lucchini RS
- OMK
- Amsted Rail
- Shandong Heli Wheel
Highlights of The Rolled Steel Rail Wheels 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:
- Less Than 600mm
- 600-1000mm
- 1000-1100mm
- Above 1100mm
- By Application:
- High-Speed Railway
- Fast Speed Railway
- Subway
- Others
- 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 Rolled Steel Rail 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.
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?
Rolled steel rail wheels are a type of railway wheel made from a single piece of rolled steel. They are much stronger and more durable than traditional cast or forged iron wheels, making them ideal for use on heavy freight trains.
Some of the key players operating in the rolled steel rail wheels market are NSSMC, Interpipe, GHH-Bonatrans, Evraz Ntmk, Masteel, Taiyuan Heavy Industry, Lucchini RS, OMK, Amsted Rail, Shandong Heli Wheel.
The rolled steel rail wheels 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 Rolled Steel Rail 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 Rolled Steel Rail Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rolled Steel Rail 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 Rolled Steel Rail 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 Rolled Steel Rail Wheels Market Size & Forecast, 2018-2028
4.5.1 Rolled Steel Rail Wheels Market Size and Y-o-Y Growth
4.5.2 Rolled Steel Rail Wheels Market Absolute $ Opportunity
Chapter 5 Global Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Type
5.2.1 Less Than 600mm
5.2.2 600-1000mm
5.2.3 1000-1100mm
5.2.4 Above 1100mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Applications
6.2.1 High-Speed Railway
6.2.2 Fast Speed Railway
6.2.3 Subway
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rolled Steel Rail 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 Rolled Steel Rail 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 Rolled Steel Rail Wheels Analysis and Forecast
9.1 Introduction
9.2 North America Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Type
9.6.1 Less Than 600mm
9.6.2 600-1000mm
9.6.3 1000-1100mm
9.6.4 Above 1100mm
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 Rolled Steel Rail Wheels Market Size Forecast by Applications
9.10.1 High-Speed Railway
9.10.2 Fast Speed Railway
9.10.3 Subway
9.10.4 Others
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 Rolled Steel Rail Wheels Analysis and Forecast
10.1 Introduction
10.2 Europe Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Type
10.6.1 Less Than 600mm
10.6.2 600-1000mm
10.6.3 1000-1100mm
10.6.4 Above 1100mm
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 Rolled Steel Rail Wheels Market Size Forecast by Applications
10.10.1 High-Speed Railway
10.10.2 Fast Speed Railway
10.10.3 Subway
10.10.4 Others
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 Rolled Steel Rail Wheels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Type
11.6.1 Less Than 600mm
11.6.2 600-1000mm
11.6.3 1000-1100mm
11.6.4 Above 1100mm
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 Rolled Steel Rail Wheels Market Size Forecast by Applications
11.10.1 High-Speed Railway
11.10.2 Fast Speed Railway
11.10.3 Subway
11.10.4 Others
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 Rolled Steel Rail Wheels Analysis and Forecast
12.1 Introduction
12.2 Latin America Rolled Steel Rail Wheels 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 Rolled Steel Rail Wheels Market Size Forecast by Type
12.6.1 Less Than 600mm
12.6.2 600-1000mm
12.6.3 1000-1100mm
12.6.4 Above 1100mm
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 Rolled Steel Rail Wheels Market Size Forecast by Applications
12.10.1 High-Speed Railway
12.10.2 Fast Speed Railway
12.10.3 Subway
12.10.4 Others
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) Rolled Steel Rail Wheels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rolled Steel Rail Wheels 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) Rolled Steel Rail Wheels Market Size Forecast by Type
13.6.1 Less Than 600mm
13.6.2 600-1000mm
13.6.3 1000-1100mm
13.6.4 Above 1100mm
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) Rolled Steel Rail Wheels Market Size Forecast by Applications
13.10.1 High-Speed Railway
13.10.2 Fast Speed Railway
13.10.3 Subway
13.10.4 Others
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 Rolled Steel Rail Wheels Market: Competitive Dashboard
14.2 Global Rolled Steel Rail 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 GHH-Bonatrans
14.3.4 Evraz Ntmk
14.3.5 Masteel
14.3.6 Taiyuan Heavy Industry
14.3.7 Lucchini RS
14.3.8 OMK
14.3.9 Amsted Rail
14.3.10 Shandong Heli Wheel
