Market Overview:
The global track laying equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for railway transportation across the globe, coupled with the growing investments in railway infrastructure projects. The global track laying equipment market can be segmented on the basis of type into new construction equipment and renewal equipment. The new construction equipment segment is expected to account for a larger share of the global market than the renewal equipment segment during the forecast period. This can be attributed to increasing investments in railway infrastructure projects across regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
Product Definition:
Track Laying Equipment is a type of heavy equipment used in construction and engineering. It is used to install tracks for vehicles, such as trains, bulldozers, tractors and cranes.
New Construction Equipment:
New construction equipment is the latest technology in the industry and it's used for various applications such as earthmoving, paving, excavation and loading. The growth factor of new construction equipment market is dependent on overall economic conditions, population expansion & migration, urbanization rate in various countries around the globe.
The global demand for new construction machinery was valued at USD 28 billion in 2016 which is anticipated to grow at a CAGR of XX% from 2017 to 2022.
Renewal Equipment:
Renewal equipment is used in the track laying equipment market to repair and maintain railway tracks. It includes a variety of tools and machines that are used for various operations such as cutting, grinding, surfacing, repairing and replacing rail tracks. The main function of these devices is to provide a smooth surface on which the rolling stock can travel without any difficulty. These devices also ensure that rails are level and straight so that there is no risk of accidents during transportation or operation.
Application Insights:
The heavy rail segment dominated the global track laying equipment market in 2017 and is expected to witness significant growth over the forecast period. The segment is also expected to register a higher CAGR from 2018 to 2030 owing to its ability of providing high-speed track construction at lower costs.
Heavy rails are used for longer routes or those with greater distances between stations, where conventional transit systems use light rails or trams. These vehicles have smaller wheels than their counterparts and are prone to accidents while operating on curving tracks due by lack of safety devices such as buffers and space between vehicle & track, which leads to frequent derailments in sharp curves leading upnto abandonment of such lines by Railways authorities across the globe.
Regional Analysis:
Asia Pacific dominated the global track laying equipment market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government investments in infrastructure development coupled with rising demand for passenger rail services. China, India, Japan, South Korea are some of the prominent countries investing heavily in infrastructure development and passenger rail services which is likely to drive regional growth over the next eight years.
Europe accounted for a significant share owing to high demand from countries such as France Germany Italy, Spain among others. These nations have been witnessing heavy investments by both national governments as well as EU-level agencies aimed at improving railway infrastructures within their respective nations; hence driving overall European market growth over the forecast period.
Growth Factors:
- Increasing demand for track laying equipment from the mining and construction industries as a result of the growth in these sectors.
- The increasing use of track laying equipment in applications such as railway maintenance, urban rail transit and military engineering due to its advantages over traditional transportation methods.
- Technological advancements in track laying equipment that improve efficiency and reduce costs, making it more competitive against other transportation methods.
- Growing demand for electric-powered track laying equipment as governments around the world seek to reduce emissions from transportation sources.
Scope Of The Report
Report Attributes
Report Details
Report Title
Track Laying Equipment Market Research Report
By Type
New Construction Equipment, Renewal Equipment
By Application
Heavy Rail, Urban Rail
By Companies
Plasser & Theurer, CREC, Harsco, Geismar, Matisa, Salcef Group S.p.A., Kirow, Weihua
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Track Laying Equipment Market Report Segments:
The global Track Laying Equipment market is segmented on the basis of:
Types
New Construction Equipment, Renewal Equipment
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
Heavy Rail, Urban Rail
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
- CREC
- Harsco
- Geismar
- Matisa
- Salcef Group S.p.A.
- Kirow
- Weihua
Highlights of The Track Laying Equipment 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:
- New Construction Equipment
- Renewal Equipment
- By Application:
- Heavy Rail
- Urban Rail
- 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 Laying Equipment 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?
Track laying equipment is a machine used to lay railroad track.
Some of the major companies in the track laying equipment market are Plasser & Theurer, CREC, Harsco, Geismar, Matisa, Salcef Group S.p.A., Kirow, Weihua.
The track laying equipment 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 Laying Equipment 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 Laying Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Track Laying Equipment 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 Laying Equipment 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 Laying Equipment Market Size & Forecast, 2020-2028
4.5.1 Track Laying Equipment Market Size and Y-o-Y Growth
4.5.2 Track Laying Equipment 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 New Construction Equipment
5.2.2 Renewal Equipment
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 Heavy Rail
6.2.2 Urban Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Track Laying Equipment 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 Laying Equipment 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 New Construction Equipment
9.6.2 Renewal Equipment
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 Heavy Rail
9.10.2 Urban Rail
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 New Construction Equipment
10.6.2 Renewal Equipment
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 Heavy Rail
10.10.2 Urban Rail
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 New Construction Equipment
11.6.2 Renewal Equipment
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 Heavy Rail
11.10.2 Urban Rail
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 New Construction Equipment
12.6.2 Renewal Equipment
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 Heavy Rail
12.10.2 Urban Rail
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 New Construction Equipment
13.6.2 Renewal Equipment
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 Heavy Rail
13.10.2 Urban Rail
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 Laying Equipment Market: Competitive Dashboard
14.2 Global Track Laying Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Plasser & Theurer
14.3.2 CREC
14.3.3 Harsco
14.3.4 Geismar
14.3.5 Matisa
14.3.6 Salcef Group S.p.A.
14.3.7 Kirow
14.3.8 Weihua
