The global railway wheel market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The high-speed railway wheel segment is expected to dominate the market with a share of over 50%. The freight wagon segment is expected to grow at the highest CAGR during the forecast period.
The global railway wheel market has been segmented on the basis of type, application and region. On the basis of type, it has been classified into high-speed railway wheels, freight wagon wheels and passenger wagon wheels. On the basis of application, it has been classified into OE Market and AM Market. On the basis of region, it has been classified into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The Rail Wheel market is driven by the increasing demand for rail transportation in emerging economies such as India and China, which are witnessing rapid economic growth and urbanization.
- The Rail Wheel market is also driven by the need for improved safety standards in rail transportation, which has led to increased investments in railway infrastructure projects across various regions of the world, including Asia Pacific, Europe, North America and Latin America.
- Increasing investments in railway infrastructure projects across various regions of the world will drive demand for rail wheels during the forecast period.
- Increasing focus on green technology will also drive demand for rail wheels.
Industry Growth Insights published a new data on “Rail Wheel (Railway Wheel) Market”. The research report is titled “Rail Wheel (Railway Wheel) Market research by Types (High speed, Freight Wagons, Passenger Wagons, Locos), By Applications (OE Market, AM Market), By Players/Companies NSSMC, Interpipe, EVRAZ NTMK, Vyksa Steel Works (VSW), Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, Semco, Comsteel, Kolowag, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels, Zhibo Lucchini Railway Equipment”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Wheel (Railway Wheel) Market Research Report
By Type
High speed, Freight Wagons, Passenger Wagons, Locos
By Application
OE Market, AM Market
By Companies
NSSMC, Interpipe, EVRAZ NTMK, Vyksa Steel Works (VSW), Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, Semco, Comsteel, Kolowag, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels, Zhibo Lucchini Railway Equipment
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Rail Wheel (Railway Wheel) Market Report Segments:
The global Rail Wheel (Railway Wheel) market is segmented on the basis of:
Types
High speed, Freight Wagons, Passenger Wagons, Locos
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
OE Market, AM Market
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
- EVRAZ NTMK
- Vyksa Steel Works (VSW)
- Bochumer Verein Verkehrstechnik (BVV)
- Lucchini RS
- Rail Wheel Factory
- GHH-Bonatrans
- Durgapur Steel Plant
- Amsted Rail
- Semco
- Comsteel
- Kolowag
- Masteel
- Taiyuan Heavy Industry
- Datong ABC Castings Company
- Xinyang Tonghe wheels
- Zhibo Lucchini Railway Equipment
 Market Overview.svg)
Highlights of The Rail Wheel (Railway 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:
- High speed
- Freight Wagons
- Passenger Wagons
- Locos
- By Application:
- OE Market
- AM Market
- 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 Rail Wheel (Railway 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
 Market Statistics.svg)
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 railway wheel is a large, heavy wheel that is used on railways to move trains along the track.
Some of the key players operating in the rail wheel (railway wheel) market are NSSMC, Interpipe, EVRAZ NTMK, Vyksa Steel Works (VSW), Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, Semco, Comsteel, Kolowag, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels, Zhibo Lucchini Railway Equipment.
The rail wheel (railway wheel) market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Wheel (Railway 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. Rail Wheel (Railway Wheel) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Wheel (Railway Wheel) Market - Supply Chain
4.5. Global Rail Wheel (Railway Wheel) Market Forecast
4.5.1. Rail Wheel (Railway Wheel) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Wheel (Railway Wheel) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rail Wheel (Railway Wheel) Market Absolute $ Opportunity
5. Global Rail Wheel (Railway 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. Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
5.3.1. High speed
5.3.2. Freight Wagons
5.3.3. Passenger Wagons
5.3.4. Locos
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rail Wheel (Railway 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. Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
6.3.1. OE Market
6.3.2. AM Market
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rail Wheel (Railway 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. Rail Wheel (Railway 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 Rail Wheel (Railway 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. Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Demand Share Forecast, 2019-2026
9. North America Rail Wheel (Railway 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 Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
9.4.1. OE Market
9.4.2. AM Market
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
9.7.1. High speed
9.7.2. Freight Wagons
9.7.3. Passenger Wagons
9.7.4. Locos
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 Rail Wheel (Railway Wheel) Demand Share Forecast, 2019-2026
10. Latin America Rail Wheel (Railway 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 Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
10.4.1. OE Market
10.4.2. AM Market
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
10.7.1. High speed
10.7.2. Freight Wagons
10.7.3. Passenger Wagons
10.7.4. Locos
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 Rail Wheel (Railway Wheel) Demand Share Forecast, 2019-2026
11. Europe Rail Wheel (Railway 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 Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
11.4.1. OE Market
11.4.2. AM Market
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
11.7.1. High speed
11.7.2. Freight Wagons
11.7.3. Passenger Wagons
11.7.4. Locos
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 Rail Wheel (Railway Wheel) Demand Share, 2019-2026
12. Asia Pacific Rail Wheel (Railway 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 Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
12.4.1. OE Market
12.4.2. AM Market
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
12.7.1. High speed
12.7.2. Freight Wagons
12.7.3. Passenger Wagons
12.7.4. Locos
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 Rail Wheel (Railway Wheel) Demand Share, 2019-2026
13. Middle East & Africa Rail Wheel (Railway 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 Rail Wheel (Railway 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 Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Application
13.4.1. OE Market
13.4.2. AM Market
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rail Wheel (Railway Wheel) Market Size and Volume Forecast by Type
13.7.1. High speed
13.7.2. Freight Wagons
13.7.3. Passenger Wagons
13.7.4. Locos
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 Rail Wheel (Railway Wheel) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rail Wheel (Railway Wheel) Market: Market Share Analysis
14.2. Rail Wheel (Railway Wheel) Distributors and Customers
14.3. Rail Wheel (Railway 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. EVRAZ NTMK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vyksa Steel Works (VSW)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bochumer Verein Verkehrstechnik (BVV)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lucchini RS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rail Wheel Factory
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GHH-Bonatrans
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Durgapur Steel Plant
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Amsted Rail
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Semco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Comsteel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kolowag
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Masteel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Taiyuan Heavy Industry
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Datong ABC Castings Company
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xinyang Tonghe wheels
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Zhibo Lucchini Railway Equipment
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
