Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Rail Wheels Market by Type (High speed, Freight Wagons, Passenger Wagons, Locos), By Application (OE Market, AM Market) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Rail Wheels Market by Type (High speed, Freight Wagons, Passenger Wagons, Locos), By Application (OE Market, AM Market) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155491 3300 Machinery & Equipment 377 235 Pages 5 (50)

Market Overview:

The global rail wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the global rail wheels market can be attributed to the increasing demand for high-speed trains and freight wagons across the globe. Additionally, rising investments in railway infrastructure by governments are also contributing to the growth of this market. The global rail wheels market is segmented on the basis of type, application, and region. On the basis of type, it is divided into high speed, freight wagons, passenger wagons, and locos. The high-speed segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to increasing demand for faster transportation solutions across different regions worldwide. Passenger wagon sales are estimated witness highest growth rate over next decade owing increased spending on railways sector by countries such as China India etc., which would spur replacement demand over original equipment manufacturers (OE) Market .

Global Rail Wheels Industry Outlook

Product Definition:

Rail Wheels are the circular metal discs fitted to the axles of railway vehicles to enable them to run on rails. They are usually made of steel, but can be made of other materials such as aluminum or magnesium alloys. Rail wheels play an important role in railway operations, as they provide a means of transmitting locomotive power from the engine to the train cars, and they also help keep the train cars aligned on the track.

High speed:

High speed is defined as the ratio of wheel speed to the axle velocity. It is a key parameter in determining the performance and efficiency of rail wheels. High-speed wheels are designed for high operating speeds, typically ranging from 700 to 1000 rpm. These wheels offer several benefits such as reduced turning radius, increased load capacity, improved ride quality and efficiency on curves among others which increase their applicability in heavy freight applications over conventional ones resulting in higher demand growth factor over the forecast period.

Freight Wagons:

Freight wagons are a type of railway vehicle that is used to transport goods. They are designed to carry various types of freight including passengers and can be used for the transportation of goods in both, road and rail modes. The design varies according to the need or demand of the customer as different types of freight wagons have been designed for carrying bulk, small or heavy items such as automobiles, chemicals, food products and beverages among others.

Application Insights:

The other application segment includes military, industrial and others. Other applications include the usage of rail wheels in the automotive industry as well as for agriculture and forestry products. The growing demand for agricultural products coupled with increasing population is expected to drive this segment over the forecast period.

The global railway wheels market has witnessed significant growth in recent years owing to increased investments by governments across various countries in order to develop their infrastructural facilities along with improving connectivity between different regions. Furthermore, a rise in passenger traffic on account of rapid urbanization along with economic development is anticipated to boost product demand over the forecast period.  Increasing use of railways for transporting goods including raw materials from rural areas into urban centers coupled with high consumer spending power are expected drive AMTRAK which was previously known as American Railroads Administrationkrit (ARA) which operates international trains connecting U.S.

Regional Analysis:

Europe dominated the global rail wheels market in terms of revenue share in 2017. The growth is attributed to the increasing investments made by governments for improving railway infrastructure and traction power. For instance, Germany has increased its budget for modernization of railways from USD X billion (EUR 1.6 billion) to USD X billion (EUR 3.4 billion).

Asia Pacific is expected to witness significant growth over the forecast period owing to various government initiatives taken up by China and India aimed at developing their respective railway networks across Asia Pacific region as well as globally.

The UIC classification system includes four main classes: A1, A2, B1,.

Growth Factors:

  • Increasing demand for rail transportation: The increasing population and the consequent increase in the demand for goods and services is propelling the growth of the rail wheels market.
  • Technological advancements: The development of new technologies in railway transportation is aiding the growth of this market. For instance, introduction of high-speed trains has led to an increase in demand for better quality rail wheels.
  • Government initiatives: Governments across different countries are investing in railway infrastructure, which is driving the growth of this market. For instance, China has announced plans to invest 8 billion in its railways by 2020. This will create opportunities for players operating in this market space.

Scope Of The Report

Report Attributes

Report Details

Report Title

Rail Wheels Market Research Report

By Type

High speed, Freight Wagons, Passenger Wagons, Locos

By Application

OE Market, AM Market

By Companies

NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, CAF, Comsteel, 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Rail Wheels Market Report Segments:

The global Rail Wheels market is segmented on the basis of:


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.


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:

  1. NSSMC
  2. Interpipe
  3. OMK Steel
  5. Bochumer Verein Verkehrstechnik (BVV)
  6. Lucchini RS
  7. Rail Wheel Factory
  8. GHH-Bonatrans
  9. Durgapur Steel Plant
  10. Amsted Rail
  11. CAF
  12. Comsteel
  13. Masteel
  14. Taiyuan Heavy Industry
  15. Datong ABC Castings Company
  16. Xinyang Tonghe wheels
  17. Zhibo Lucchini Railway Equipment

Global Rail Wheels Market Overview

Highlights of The Rail Wheels Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High speed
    2. Freight Wagons
    3. Passenger Wagons
    4. Locos
  1. By Application:

    1. OE Market
    2. AM Market
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Rail Wheels 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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Global Rail Wheels Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Rail wheels are a type of wheel that is used on trains and other rolling transportation vehicles. They are made out of metal or plastic and have a large surface area that allows them to move easily along the track.

Some of the major players in the rail wheels market are NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Durgapur Steel Plant, Amsted Rail, CAF, Comsteel, Masteel, Taiyuan Heavy Industry, Datong ABC Castings Company, Xinyang Tonghe wheels, Zhibo Lucchini Railway Equipment.

The rail wheels market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Rail Wheels 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 Wheels Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Rail Wheels Market - Supply Chain
   4.5. Global Rail Wheels Market Forecast
      4.5.1. Rail Wheels Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Rail Wheels Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Rail Wheels Market Absolute $ Opportunity

5. Global Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels Demand Share Forecast, 2019-2026

9. North America Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels Demand Share Forecast, 2019-2026

10. Latin America Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels Demand Share Forecast, 2019-2026

11. Europe Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Prouct Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Rail Wheels Demand Share, 2019-2026

12. Asia Pacific Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels Demand Share, 2019-2026

13. Middle East & Africa Rail Wheels 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 Wheels 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 Wheels 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 Wheels 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 Wheels Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Rail Wheels Market: Market Share Analysis
   14.2. Rail Wheels Distributors and Customers
   14.3. Rail Wheels Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. NSSMC Overview Financials Developments Strategic Outlook
      14.4.2. Interpipe Overview Financials Developments Strategic Outlook
      14.4.3. OMK Steel Overview Financials Developments Strategic Outlook
      14.4.4. EVRAZ NTMK Overview Financials Developments Strategic Outlook
      14.4.5. Bochumer Verein Verkehrstechnik (BVV) Overview Financials Developments Strategic Outlook
      14.4.6. Lucchini RS Overview Financials Developments Strategic Outlook
      14.4.7. Rail Wheel Factory Overview Financials Developments Strategic Outlook
      14.4.8. GHH-Bonatrans Overview Financials Developments Strategic Outlook
      14.4.9. Durgapur Steel Plant Overview Financials Developments Strategic Outlook
      14.4.10. Amsted Rail Overview Financials Developments Strategic Outlook
      14.4.11. CAF Overview Financials Developments Strategic Outlook
      14.4.12. Comsteel Overview Financials Developments Strategic Outlook
      14.4.13. Masteel Overview Financials Developments Strategic Outlook
      14.4.14. Taiyuan Heavy Industry Overview Financials Developments Strategic Outlook
      14.4.15. Datong ABC Castings Company Overview Financials Developments Strategic Outlook
      14.4.16. Xinyang Tonghe wheels Overview Financials Developments Strategic Outlook
      14.4.17. Zhibo Lucchini Railway Equipment Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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