Market Overview:
The Global Track Inspection Car Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for track inspection cars for various applications such as ballastless track and ballast track. In addition, the increasing demand for high-speed trains across the globe is also contributing to the growth of this market. The global track inspection car market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into GJ-3 type rail inspection car, GJ-4 type rail inspection car, and GJ-5 type rail inspection car. The GJ-3 type rail inspection car segment dominates this market owing to its low cost and easy operability as compared to other types of railway vehicles available in this market space. On the basis of application, it can be classified into ballastless track and ballast track segments respectively. Ballastless tracks are becoming increasingly popular owing their advantages such as less noise pollution and vibration levels when compared with traditional tracks that use ballasts between sleepers/ties.
Product Definition:
A track inspection car is a railway vehicle used to inspect the condition of the track.
GJ-3 Type Rail Inspection Car:
Growth in rail traffic is expected to drive the demand for rail inspection cars. The growth of high-speed rail traffic and investments in new lines are expected to fuel the demand for GJ-3 type track inspection car over the forecast period.
GJ-4 Type Rail Inspection Car:
The global GJ-4 type rail inspection car and it's usage in the Track Inspection Car market is expected to witness significant growth over the forecast period. Global railway industry has been witnessing rapid development over past few years on account of increasing demand for faster, safer, and more comfortable passenger transportation modes. This trend is expected to continue over next seven years owing to changing consumer preferences coupled with growing economies across various regions.
Application Insights:
The ballastless track application segment accounted for the largest revenue share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. The growing demand for rail track inspection cars from mining companies, who are engaged in installing ballastless tracks, is expected to drive the market growth during the forecast period.
Ballast Track application segment was valued at USD 636.1 million in 2018 and is anticipated to grow at a CAGR of XX% from 2019 to 2030 owing to an increase in maintenance activities on account of corrosion on conventional rails due largely unskilled labor practices coupled with rising environmental concerns regarding scrap metal has resulted into increased adoption of inspection cars for Ballast Track applications across North America and Europe regions since past few years thereby driving market growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global track inspection car market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in infrastructure development, rising government initiatives, and improving economic conditions. Moreover, growing demand for rail cars with enhanced safety features is anticipated to drive regional growth over the forecast period.
The North American regional market accounted for a significant share of global revenue in 2017 owing to high demand from industries such as oil & gas and mining that require constant monitoring of equipment performance. In addition, presence of major manufacturers such as GE Transportation Systems Inc., Bombardier Transportation Inc., Alstom Transport SA/NV, CAF Ural Vehicles JSC are likely to boost industry expansion across this region during the forecast period.
Growth Factors:
- Increasing demand for track inspection cars from the railway sector owing to the increasing number of high-speed trains and metro lines across the globe.
- Proliferation of automated track inspection systems, which is resulting in an increase in demand for track inspection cars.
- Growing investments by governments in transportation infrastructure projects, which is leading to an increase in demand for track inspection cars globally.
- Rising awareness about safety among passengers and railway operators, which is driving the adoption of track inspection cars globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Track Inspection Car Market Research Report
By Type
GJ-3 Type Rail Inspection Car, GJ-4 Type Rail Inspection Car, GJ-5 Type Rail Inspection Car
By Application
Ballastless Track, Ballast Track
By Companies
Plasser & Theurer, CRCC High-Tech Equipment, Strukton, Speno, Remputmash Group, CRRC, MATISA France, Vortok International, Alstom, Bombardier, Plasser & Theurer, Voestalpine, Kawasaki, Hyundai Rotem, Wabtec, Herzog
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Track Inspection Car Market Report Segments:
The global Track Inspection Car market is segmented on the basis of:
Types
GJ-3 Type Rail Inspection Car, GJ-4 Type Rail Inspection Car, GJ-5 Type Rail Inspection Car
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
Ballastless Track, Ballast 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:
- Plasser & Theurer
- CRCC High-Tech Equipment
- Strukton
- Speno
- Remputmash Group
- CRRC
- MATISA France
- Vortok International
- Alstom
- Bombardier
- Plasser & Theurer
- Voestalpine
- Kawasaki
- Hyundai Rotem
- Wabtec
- Herzog
Highlights of The Track Inspection Car 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:
- GJ-3 Type Rail Inspection Car
- GJ-4 Type Rail Inspection Car
- GJ-5 Type Rail Inspection Car
- By Application:
- Ballastless Track
- Ballast 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 Track Inspection Car 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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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?
A track inspection car is a vehicle that is used to inspect the tracks of railway vehicles.
Some of the major companies in the track inspection car market are Plasser & Theurer, CRCC High-Tech Equipment, Strukton, Speno, Remputmash Group, CRRC, MATISA France, Vortok International, Alstom, Bombardier, Plasser & Theurer, Voestalpine, Kawasaki, Hyundai Rotem, Wabtec, Herzog.
The track inspection car 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 Track Inspection Car 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 Track Inspection Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Track Inspection Car 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 Track Inspection Car 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 Track Inspection Car Market Size & Forecast, 2018-2028
4.5.1 Track Inspection Car Market Size and Y-o-Y Growth
4.5.2 Track Inspection Car Market Absolute $ Opportunity
Chapter 5 Global Track Inspection Car 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 Track Inspection Car Market Size Forecast by Type
5.2.1 GJ-3 Type Rail Inspection Car
5.2.2 GJ-4 Type Rail Inspection Car
5.2.3 GJ-5 Type Rail Inspection Car
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Track Inspection Car 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 Track Inspection Car Market Size Forecast by Applications
6.2.1 Ballastless Track
6.2.2 Ballast Track
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Track Inspection Car 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 Track Inspection Car 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 Track Inspection Car Analysis and Forecast
9.1 Introduction
9.2 North America Track Inspection Car 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 Track Inspection Car Market Size Forecast by Type
9.6.1 GJ-3 Type Rail Inspection Car
9.6.2 GJ-4 Type Rail Inspection Car
9.6.3 GJ-5 Type Rail Inspection Car
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 Track Inspection Car Market Size Forecast by Applications
9.10.1 Ballastless Track
9.10.2 Ballast 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 Track Inspection Car Analysis and Forecast
10.1 Introduction
10.2 Europe Track Inspection Car 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 Track Inspection Car Market Size Forecast by Type
10.6.1 GJ-3 Type Rail Inspection Car
10.6.2 GJ-4 Type Rail Inspection Car
10.6.3 GJ-5 Type Rail Inspection Car
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 Track Inspection Car Market Size Forecast by Applications
10.10.1 Ballastless Track
10.10.2 Ballast 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 Track Inspection Car Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Track Inspection Car 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 Track Inspection Car Market Size Forecast by Type
11.6.1 GJ-3 Type Rail Inspection Car
11.6.2 GJ-4 Type Rail Inspection Car
11.6.3 GJ-5 Type Rail Inspection Car
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 Track Inspection Car Market Size Forecast by Applications
11.10.1 Ballastless Track
11.10.2 Ballast 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 Track Inspection Car Analysis and Forecast
12.1 Introduction
12.2 Latin America Track Inspection Car 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 Track Inspection Car Market Size Forecast by Type
12.6.1 GJ-3 Type Rail Inspection Car
12.6.2 GJ-4 Type Rail Inspection Car
12.6.3 GJ-5 Type Rail Inspection Car
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 Track Inspection Car Market Size Forecast by Applications
12.10.1 Ballastless Track
12.10.2 Ballast 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) Track Inspection Car Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Track Inspection Car 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) Track Inspection Car Market Size Forecast by Type
13.6.1 GJ-3 Type Rail Inspection Car
13.6.2 GJ-4 Type Rail Inspection Car
13.6.3 GJ-5 Type Rail Inspection Car
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) Track Inspection Car Market Size Forecast by Applications
13.10.1 Ballastless Track
13.10.2 Ballast 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 Track Inspection Car Market: Competitive Dashboard
14.2 Global Track Inspection Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Plasser & Theurer
14.3.2 CRCC High-Tech Equipment
14.3.3 Strukton
14.3.4 Speno
14.3.5 Remputmash Group
14.3.6 CRRC
14.3.7 MATISA France
14.3.8 Vortok International
14.3.9 Alstom
14.3.10 Bombardier
14.3.11 Plasser & Theurer
14.3.12 Voestalpine
14.3.13 Kawasaki
14.3.14 Hyundai Rotem
14.3.15 Wabtec
14.3.16 Herzog
