Market Overview:
The global train axles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the global train axles market can be attributed to factors such as the increasing demand for high-speed trains and rising investments in railway infrastructure across the globe. The solid axle segment is expected to dominate the global train axles market during the forecast period from 2018 to 2030, owing to its low cost and easy installation. However, hollow axle segment is projected to grow at a higher CAGR than solid axle segment during the forecast period, due its advantages such as weight reduction and better fuel efficiency over solid axle segments. In terms of application, freight wagons are expected to account for majority share of global train axles market during 2018-2030 followed by passenger wagons and high speed trains segments respectively.
Product Definition:
Train axles are an assembly of metal rods that connect the wheels of a train car to the frame. They are important for transferring power from the engine to the wheels and for keeping the cars aligned on the track.
Solid Axles:
Solid Axles are the axles that do not have any joints in them. They are used in Train Axles to transmit power from the source of propulsion to the train wheels. There are two types of Solid Axle, namely Full- Height and Low-Height SolidAxle, which differ only with respect to their height from rail level.
Hollow Axles:
Hollow axles are used in train axles to transmit the power and weight of a locomotive to the wheels. The hollow axle is a cylindrical component that is used in railway vehicles such as rail cars, passenger trains, freight trains or metros. It has an inside diameter that is smaller than its outside diameter which creates a space within it where another component can be mounted.
Application Insights:
The freight wagon segment dominated the global train axles market in 2017, accounting for over 60.0% share of the total revenue. The segment is projected to maintain its dominance over the forecast period owing to increasing demand for efficient and cost-effective transportation systems that can efficiently move bulk commodities across various regions, countries and oceans.
Passenger wagons are expected to witness significant growth at a CAGR of XX% from 2018 to 2030 due largely to an increase in passenger traffic on account of rapid urbanization along with rising disposable income among several population groups globally including millennials and Generation Z which has resulted in a rise in passenger travel globally as well as within specific regions such as Europe and Asia Pacific thus fueling demand for passenger wagons worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing foreign investments in developing economies, such as China and India. For instance, Chinese companies are investing heavily in railways infrastructure development while Indian government is focusing on electrification of all coaches by 2019. These factors are expected to drive demand for global train axles market over the forecast period.
Europe was estimated at USD X billion in 2017 owing to high production volumes attained by Germany's rail industry through domestic manufacturing coupled with exports across Europe countries including France, Belgium, Netherlands and others.
Growth Factors:
- Increasing demand for high-speed trains
- Growing urbanization and industrialization
- Development of advanced technologies for train axles
- Rising investments in the railway sector
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Train Axles Market Research Report
By Type
Solid Axles, Hollow Axles
By Application
Freight Wagons, Passenger Wagons, High Speed
By Companies
Taiyuan Heavy, Nippon Steel, Evraz, Lucchini RS, GHH-Bontrans, Jinxi Axle Company, Rail Wheel Factory, Bochumer Verein Verkehrstechnik (BVV), Masteel, Kolowag, Amsted Rail, CAF, Standard Forged Products, MWL, Semco, CRRC Datong, Comsteel, Interpipe, Jiangsu Railteco, Swasap
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Train Axles Market Report Segments:
The global Train Axles market is segmented on the basis of:
Types
Solid Axles, Hollow Axles
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
Freight Wagons, Passenger Wagons, High Speed
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:
- Taiyuan Heavy
- Nippon Steel
- Evraz
- Lucchini RS
- GHH-Bontrans
- Jinxi Axle Company
- Rail Wheel Factory
- Bochumer Verein Verkehrstechnik (BVV)
- Masteel
- Kolowag
- Amsted Rail
- CAF
- Standard Forged Products
- MWL
- Semco
- CRRC Datong
- Comsteel
- Interpipe
- Jiangsu Railteco
- Swasap
Highlights of The Train Axles 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:
- Solid Axles
- Hollow Axles
- By Application:
- Freight Wagons
- Passenger Wagons
- High Speed
- 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 Train Axles 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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- Understanding Competition Scenario
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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?
Train axles are the metal or plastic components that connect a train to the track.
Some of the major companies in the train axles market are Taiyuan Heavy, Nippon Steel, Evraz, Lucchini RS, GHH-Bontrans, Jinxi Axle Company, Rail Wheel Factory, Bochumer Verein Verkehrstechnik (BVV), Masteel, Kolowag, Amsted Rail, CAF, Standard Forged Products, MWL, Semco, CRRC Datong, Comsteel, Interpipe, Jiangsu Railteco, Swasap.
The train axles 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 Train Axles 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 Train Axles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Train Axles 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 Train Axles 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 Train Axles Market Size & Forecast, 2020-2028
4.5.1 Train Axles Market Size and Y-o-Y Growth
4.5.2 Train Axles 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 Solid Axles
5.2.2 Hollow Axles
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 Freight Wagons
6.2.2 Passenger Wagons
6.2.3 High Speed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Train Axles 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 Train Axles 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 Solid Axles
9.6.2 Hollow Axles
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 Freight Wagons
9.10.2 Passenger Wagons
9.10.3 High Speed
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 Solid Axles
10.6.2 Hollow Axles
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 Freight Wagons
10.10.2 Passenger Wagons
10.10.3 High Speed
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 Solid Axles
11.6.2 Hollow Axles
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 Freight Wagons
11.10.2 Passenger Wagons
11.10.3 High Speed
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 Solid Axles
12.6.2 Hollow Axles
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 Freight Wagons
12.10.2 Passenger Wagons
12.10.3 High Speed
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 Solid Axles
13.6.2 Hollow Axles
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 Freight Wagons
13.10.2 Passenger Wagons
13.10.3 High Speed
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 Train Axles Market: Competitive Dashboard
14.2 Global Train Axles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Taiyuan Heavy
14.3.2 Nippon Steel
14.3.3 Evraz
14.3.4 Lucchini RS
14.3.5 GHH-Bontrans
14.3.6 Jinxi Axle Company
14.3.7 Rail Wheel Factory
14.3.8 Bochumer Verein Verkehrstechnik (BVV)
14.3.9 Masteel
14.3.10 Kolowag
14.3.11 Amsted Rail
14.3.12 CAF
14.3.13 Standard Forged Products
14.3.14 MWL
14.3.15 Semco
14.3.16 CRRC Datong
14.3.17 Comsteel
14.3.18 Interpipe
14.3.19 Jiangsu Railteco
14.3.20 Swasap
