Market Overview:
The global high speed train wheel 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 trains across the globe and technological advancements in the railway sector. The global high speed train wheel market is segmented on the basis of type, application, and region. On the basis of type, it is divided into rolled steel, cast steel, and others (composite materials etc.). Cast steel wheels are expected to dominate the global high speed train wheel market during the forecast period owing to their superior properties such as strength and durability as compared to other types of wheels available in this market. Passenger trains are expected to account for a larger share of this market than freight trains due to their growing popularity among commuters all over the world.
Product Definition:
A high speed train wheel is a specially designed railway wheel that helps a train travel at high speeds. The importance of high speed train wheels is that they help reduce drag and friction, which in turn allows the train to travel faster with less effort.
Rolled Steel:
Steel is one of the most common materials used in the manufacturing of wheels. It is available in different forms such as hot rolled, cold rolled and green. Hot rolled steel has a lower carbon content which gives it a higher tensile strength than cold-rolled steel. The surface of hot-rolled steel is smoother than that of cold-rolled but both can be given an electroless treatment to give them similar smoothness levels (known as anodizing).
Cast Steel:
Cast steel is a type of steel alloy that is processed at very high temperatures. The carbon in the iron ore gets transformed into graphite during the processing. The end product has properties such as low ductility, high tensile strength and good hardness. It also has low electrical conductivity and corrosion resistance compared to normal (medium carbon) steel.
Application Insights:
Passenger train application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to increasing passenger traffic on account of rapid urbanization, especially in emerging economies such as India and China. Furthermore, high speed trains are also used on short haul routes connecting major cities which have higher demand due to a smaller number of stops. The freight train application segment is expected to grow at a considerable rate over the forecast period owing to rising industrialization and urbanization in developing countries coupled with an increase in trade activities across various regions including Asia Pacific, Latin America and Middle East & Africa.
The global market for freight trains was valued at USD 391 billion in 2015 according to International Union Of Railways (UIR), which represents an increase of 5% from 2014 levels.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030 owing to increasing government investments in high-speed rail infrastructure and rising demand for luxury trains. China is constructing world’s largest high-speed railway network which includes construction of new cities with integrated transport systems at speeds up to 300 km/h on top of existing tracks and establishment of new train stations in major cities at a speed higher than 200 km/h. This will create opportunities for manufacturers over the next few years as steel used for manufacturing wheels has low production volume and hence high price attached thereto.
Europe was estimated as the second largest regional market followed by North America in 2017 owing to presence of developed economies such as Germany, France, Italy, U.K.
Growth Factors:
- Increasing demand for high-speed trains due to rising population and income levels in developing countries.
- Government initiatives for development of high-speed train networks in various countries.
- Technological advancements in the design and manufacturing of high-speed train wheels that improve performance and reduce costs.
- Growing popularity of rail travel as an alternative to air travel, especially for long-distance journeys.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Train Wheel Market Research Report
By Type
Rolled Steel, Cast Steel, Others
By Application
Passenger Train, Freight Train
By Companies
NSSMC, Interpipe, GHH-BONATRANS, EVRAZ NTMK, Lucchini RS, Masteel, Taiyuan Heavy Industry, 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Train Wheel Market Report Segments:
The global High Speed Train Wheel market is segmented on the basis of:
Types
Rolled Steel, Cast Steel, 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
Passenger Train, Freight Train
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
- Lucchini RS
- Masteel
- Taiyuan Heavy Industry
- OMK
- Amsted Rail
- Shandong Heli Wheel
Highlights of The High Speed Train Wheel 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:
- Rolled Steel
- Cast Steel
- Others
- By Application:
- Passenger Train
- Freight Train
- 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 High Speed Train Wheel 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?
A high speed train wheel is a type of railway wheel that has a higher rotational speed than traditional railway wheels. This allows trains to travel at higher speeds, which can reduce travel time and distance.
Some of the key players operating in the high speed train wheel market are NSSMC, Interpipe, GHH-BONATRANS, EVRAZ NTMK, Lucchini RS, Masteel, Taiyuan Heavy Industry, OMK, Amsted Rail, Shandong Heli Wheel.
The high speed train wheel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Train Wheel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Speed Train Wheel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Speed Train Wheel Market - Supply Chain
4.5. Global High Speed Train Wheel Market Forecast
4.5.1. High Speed Train Wheel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Speed Train Wheel Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Speed Train Wheel Market Absolute $ Opportunity
5. Global High Speed Train Wheel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Speed Train Wheel Market Size and Volume Forecast by Type
5.3.1. Rolled Steel
5.3.2. Cast Steel
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Speed Train Wheel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Speed Train Wheel Market Size and Volume Forecast by Application
6.3.1. Passenger Train
6.3.2. Freight Train
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Speed Train Wheel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Speed Train Wheel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Speed Train Wheel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Speed Train Wheel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Speed Train Wheel Demand Share Forecast, 2019-2026
9. North America High Speed Train Wheel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Speed Train Wheel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Speed Train Wheel Market Size and Volume Forecast by Application
9.4.1. Passenger Train
9.4.2. Freight Train
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Speed Train Wheel Market Size and Volume Forecast by Type
9.7.1. Rolled Steel
9.7.2. Cast Steel
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Speed Train Wheel Demand Share Forecast, 2019-2026
10. Latin America High Speed Train Wheel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Speed Train Wheel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Speed Train Wheel Market Size and Volume Forecast by Application
10.4.1. Passenger Train
10.4.2. Freight Train
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Speed Train Wheel Market Size and Volume Forecast by Type
10.7.1. Rolled Steel
10.7.2. Cast Steel
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Speed Train Wheel Demand Share Forecast, 2019-2026
11. Europe High Speed Train Wheel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Speed Train Wheel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Speed Train Wheel Market Size and Volume Forecast by Application
11.4.1. Passenger Train
11.4.2. Freight Train
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Speed Train Wheel Market Size and Volume Forecast by Type
11.7.1. Rolled Steel
11.7.2. Cast Steel
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Speed Train Wheel Demand Share, 2019-2026
12. Asia Pacific High Speed Train Wheel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Speed Train Wheel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Speed Train Wheel Market Size and Volume Forecast by Application
12.4.1. Passenger Train
12.4.2. Freight Train
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Speed Train Wheel Market Size and Volume Forecast by Type
12.7.1. Rolled Steel
12.7.2. Cast Steel
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Speed Train Wheel Demand Share, 2019-2026
13. Middle East & Africa High Speed Train Wheel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Speed Train Wheel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Speed Train Wheel Market Size and Volume Forecast by Application
13.4.1. Passenger Train
13.4.2. Freight Train
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Speed Train Wheel Market Size and Volume Forecast by Type
13.7.1. Rolled Steel
13.7.2. Cast Steel
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Speed Train Wheel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Speed Train Wheel Market: Market Share Analysis
14.2. High Speed Train Wheel Distributors and Customers
14.3. High Speed Train Wheel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NSSMC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Interpipe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GHH-BONATRANS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EVRAZ NTMK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lucchini RS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Masteel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Taiyuan Heavy Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OMK
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Amsted Rail
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Heli Wheel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook