Market Overview:
The global railway turnout 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 railways and conventional railways across the globe. In addition, rising investments in tram and subway systems are also propelling the growth of this market. Based on type, the global railway turnout market is segmented into single crossover, double crossover, track crossing, slip switch, and lapped turnouts. Of these segments, double crossovers are expected to witness highest growth during the forecast period owing to their ability to handle higher traffic volumes as compared with other types of turnouts. Based on application, the global railway turnout market is segmented into high-speed lines, conventional railways,, tram systems,, subway systems,, and heavy haul lines,. High-speed lines are anticipated to account for majority share of this market in terms of revenue during 2018–2030 owing rapid expansion in rail networks across developed countries such as U.S., Canada., Germany., France., Japan.
Product Definition:
A railway turnout, switch, or set of points is a system used on a railway to direct trains onto particular tracks. The turnout consists of two movable rails (the points) and the frog (a piece of metal that directs the train's wheels between the rails), plus various connecting pieces such as spindles and bolts.
1- Single Crossover:
1- Single Crossover is a device used in railway turnout to eliminate the cross-over of trains. It works as an isolator and prevents two or more trains from sharing the same track by using one of the tracks as a barrier. The 1-Single Crossover has no mechanical connections other than being mounted on rails.
2- Double Crossover:
2-Double crossover is a type of railway turnout used for two tracks. It has two separate railroads that cross each other at 90 degree angles and provides safety from trains to both roadways. The 2-Double crossover can be mounted on the existing railroad infrastructure or new construction projects with minimal disruption to the local area surroundings.
The 2-Double crossover offers various advantages such as it helps in reducing congestion on roads, it helps in safer movement of traffic,.
Application Insights:
The conventional railway application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for conventional railway vehicles, such as passenger trains and freight trains, due to growing economies like India, China and Brazil coupled with rising disposable income levels among consumers in these regions.
High-speed rail is another emerging trend that has captured global attention owing to its ability to transport passengers at speeds much higher than that of conventional railways. Countries including Japan, China, South Korea and Taiwan have invested significantly in high-speed rail projects; this investment is expected to boost industry growth over the coming years (see table below).
Regional Analysis:
Asia Pacific dominated the global railway turnout market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of railways, coupled with increasing investments for improving infrastructure, is anticipated to drive demand for rail equipment in this region. Furthermore, growing trade activities between various countries are further expected to boost demand over the coming years.
Europe accounted for a significant share owing to high penetration of railways across several countries such as Germany and Russia among others. Moreover, increasing use of trams and subways across major cities is also projected to propel growth during the forecast period.
Growth Factors:
- Increasing demand for railway transportation services owing to the growth of the global economy.
- Rising investments in railway infrastructure development projects across the world.
- Proliferation of high-speed railways networks in developed and developing countries alike, which is boosting demand for turnout equipment and components.
- Growing inclination of consumers towards safe and comfortable modes of transportation, which is propelling adoption of advanced turnout technologies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Turnout Market Research Report
By Type
1- Single Crossover, 2- Double Crossover, 3- Track Crossing, 4- Slip Switch, 5- Lapped Turnouts
By Application
High Speed lines, Conventional Railway, Tram, subway, Heavy Haul lines
By Companies
NARSTCO, DT companies, Vossloh, Harmer Steel, Amurrio Ferrocarril y Equipos, SA, SO.CO.FER.Srl, AGICO, China Railway Shanhaiguan Bridge Group.
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Railway Turnout Market Report Segments:
The global Railway Turnout market is segmented on the basis of:
Types
1- Single Crossover, 2- Double Crossover, 3- Track Crossing, 4- Slip Switch, 5- Lapped Turnouts
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
High Speed lines, Conventional Railway, Tram, subway, Heavy Haul lines
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:
- NARSTCO
- DT companies
- Vossloh
- Harmer Steel
- Amurrio Ferrocarril y Equipos, SA
- SO.CO.FER.Srl
- AGICO
- China Railway Shanhaiguan Bridge Group.
Highlights of The Railway Turnout 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:
- 1- Single Crossover
- 2- Double Crossover
- 3- Track Crossing
- 4- Slip Switch
- 5- Lapped Turnouts
- By Application:
- High Speed lines
- Conventional Railway
- Tram
- subway
- Heavy Haul lines
- 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 Railway Turnout 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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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?
Railway turnout is the number of passengers that travel on a railway track per unit time.
Some of the major companies in the railway turnout market are NARSTCO, DT companies, Vossloh, Harmer Steel, Amurrio Ferrocarril y Equipos, SA, SO.CO.FER.Srl, AGICO, China Railway Shanhaiguan Bridge Group..
The railway turnout market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Railway Turnout 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. Railway Turnout Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Railway Turnout Market - Supply Chain
4.5. Global Railway Turnout Market Forecast
4.5.1. Railway Turnout Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Railway Turnout Market Size (000 Units) and Y-o-Y Growth
4.5.3. Railway Turnout Market Absolute $ Opportunity
5. Global Railway Turnout 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. Railway Turnout Market Size and Volume Forecast by Type
5.3.1. 1- Single Crossover
5.3.2. 2- Double Crossover
5.3.3. 3- Track Crossing
5.3.4. 4- Slip Switch
5.3.5. 5- Lapped Turnouts
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Railway Turnout 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. Railway Turnout Market Size and Volume Forecast by Application
6.3.1. High Speed lines
6.3.2. Conventional Railway
6.3.3. Tram
6.3.4. subway
6.3.5. Heavy Haul lines
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Railway Turnout 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. Railway Turnout 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 Railway Turnout 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. Railway Turnout 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 Railway Turnout Demand Share Forecast, 2019-2026
9. North America Railway Turnout 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 Railway Turnout 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 Railway Turnout Market Size and Volume Forecast by Application
9.4.1. High Speed lines
9.4.2. Conventional Railway
9.4.3. Tram
9.4.4. subway
9.4.5. Heavy Haul lines
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Railway Turnout Market Size and Volume Forecast by Type
9.7.1. 1- Single Crossover
9.7.2. 2- Double Crossover
9.7.3. 3- Track Crossing
9.7.4. 4- Slip Switch
9.7.5. 5- Lapped Turnouts
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 Railway Turnout Demand Share Forecast, 2019-2026
10. Latin America Railway Turnout 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 Railway Turnout 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 Railway Turnout Market Size and Volume Forecast by Application
10.4.1. High Speed lines
10.4.2. Conventional Railway
10.4.3. Tram
10.4.4. subway
10.4.5. Heavy Haul lines
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Railway Turnout Market Size and Volume Forecast by Type
10.7.1. 1- Single Crossover
10.7.2. 2- Double Crossover
10.7.3. 3- Track Crossing
10.7.4. 4- Slip Switch
10.7.5. 5- Lapped Turnouts
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 Railway Turnout Demand Share Forecast, 2019-2026
11. Europe Railway Turnout 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 Railway Turnout 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 Railway Turnout Market Size and Volume Forecast by Application
11.4.1. High Speed lines
11.4.2. Conventional Railway
11.4.3. Tram
11.4.4. subway
11.4.5. Heavy Haul lines
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Railway Turnout Market Size and Volume Forecast by Type
11.7.1. 1- Single Crossover
11.7.2. 2- Double Crossover
11.7.3. 3- Track Crossing
11.7.4. 4- Slip Switch
11.7.5. 5- Lapped Turnouts
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 Railway Turnout Demand Share, 2019-2026
12. Asia Pacific Railway Turnout 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 Railway Turnout 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 Railway Turnout Market Size and Volume Forecast by Application
12.4.1. High Speed lines
12.4.2. Conventional Railway
12.4.3. Tram
12.4.4. subway
12.4.5. Heavy Haul lines
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Railway Turnout Market Size and Volume Forecast by Type
12.7.1. 1- Single Crossover
12.7.2. 2- Double Crossover
12.7.3. 3- Track Crossing
12.7.4. 4- Slip Switch
12.7.5. 5- Lapped Turnouts
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 Railway Turnout Demand Share, 2019-2026
13. Middle East & Africa Railway Turnout 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 Railway Turnout 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 Railway Turnout Market Size and Volume Forecast by Application
13.4.1. High Speed lines
13.4.2. Conventional Railway
13.4.3. Tram
13.4.4. subway
13.4.5. Heavy Haul lines
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Railway Turnout Market Size and Volume Forecast by Type
13.7.1. 1- Single Crossover
13.7.2. 2- Double Crossover
13.7.3. 3- Track Crossing
13.7.4. 4- Slip Switch
13.7.5. 5- Lapped Turnouts
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 Railway Turnout Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Railway Turnout Market: Market Share Analysis
14.2. Railway Turnout Distributors and Customers
14.3. Railway Turnout Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NARSTCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DT companies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vossloh
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Harmer Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Amurrio Ferrocarril y Equipos, SA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SO.CO.FER.Srl
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AGICO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. China Railway Shanhaiguan Bridge Group.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
