Market Overview:
The global track renewal machine and track laying machine market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for railway transportation across the globe and the growing investments in railway infrastructure. The global track renewal machine market is segmented by type into track renewal machines and track laying machines. The global track laying machine market is further segmented by application into heavy rail and urban rail. The heavy rail application dominates the global Track Renewal Machine Market, while urban rail is projected to grow at a higher CAGR during the forecast period owing to rising investments in metro projects across different regions. Geographically, North America dominates the global Track Renewal Machine Market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
Track renewal is the process of repairing or replacing railway tracks. This may be done for a variety of reasons, such as to repair damage caused by wear and tear, to improve ride quality, to increase capacity or to reduce noise levels.
A track laying machine (or track layer) is a piece of machinery used to lay new railway tracks. It is typically a large, heavy vehicle that can manoeuvre itself around existing tracks and then deposit new rails in place. Track laying machines are an important part of track renewal projects, as they allow new tracks to be installed quickly and efficiently.
Track Renewal Machine:
Track renewal is a process of restoring worn out parts of railway tracks that are exposed to the maximum amount of stress and load. The machine used for this purpose is called track renewal machine. It has the ability to repair rail tracks by replacing old and worn-out sections with fresh ones, thereby increasing the life cycle of a railway line.
The global track renewal market size was valued at USD 2,867 million in 2016.
Track Laying Machine:
Track laying machine is used in laying down the railway track. It consists of a number of components such as rail mounted on wheels, guide wheels, and sprocket wheel. The working principle of track laying machine is based on gravity and uses teeth type mechanism for carrying the rail along the guideway.
The demand for new tracks or renewal & reconstruction work depends upon various factors such as traffic volume, maintenance requirements, capital investment required etc.
Application Insights:
Heavy rail segment held the largest share of more than 60.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for high-speed rail and conventional railways from countries, such as China, India and Japan. In addition, heavy rail also includes inter-city trains that run between major cities along with regional trains that operate within a country or between countries.
The urbanrail application segment is projected to expand at a CAGR of XX% over the forecast period due to rising passenger traffic on city buses and light rails which are laid on street tracks using rubber tires or steel wheelsets coupled with electric locomotives for propulsion power source in urban areas around the world including North America, Europe and Asia Pacific regions.
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 investments in metro and urban rail projects across China, India, Thailand, Malaysia, Philippines and Indonesia. For instance, as per Union Ministry of Urban Affairs & Housing & Urban Poverty Alleviation (UMOH), in 2016-2017 fiscal year Asia had 43 cities with a population above 1 million which accounted for 54% of total urban population across the globe. In addition it has been observed that Asia has 31 cities with a population above 5 million accounting for 48% of total urban population worldwide.
Growth Factors:
- Increasing demand for railway infrastructure due to rising population and economic development
- Government initiatives for development of railway infrastructure
- Technological advancements in track renewal and track laying machines
- Growing demand from developing countries for railway infrastructure development
- Rising awareness about the benefits of using track renewal and track laying machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Track Renewal and Track Laying Machine Market Research Report
By Type
Track Renewal Machine, Track Laying Machine
By Application
Heavy Rail, Urban Rail
By Companies
Plasser & Theurer, CREC, Harsco, Geismar, Matisa, Salcef Group S.p.A., Kirow, Weihua, Harsco Rail
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Track Renewal and Track Laying Machine Market Report Segments:
The global Track Renewal and Track Laying Machine market is segmented on the basis of:
Types
Track Renewal Machine, Track Laying Machine
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
Heavy Rail, Urban Rail
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:
- Plasser & Theurer
- CREC
- Harsco
- Geismar
- Matisa
- Salcef Group S.p.A.
- Kirow
- Weihua
- Harsco Rail
Highlights of The Track Renewal and Track Laying Machine 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:
- Track Renewal Machine
- Track Laying Machine
- By Application:
- Heavy Rail
- Urban Rail
- 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 Track Renewal and Track Laying Machine 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
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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?
Track renewal and track laying machine are machines used for renewing or laying new railway tracks.
Some of the major players in the track renewal and track laying machine market are Plasser & Theurer, CREC, Harsco, Geismar, Matisa, Salcef Group S.p.A., Kirow, Weihua, Harsco Rail.
The track renewal and track laying machine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Track Renewal and Track Laying Machine 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. Track Renewal and Track Laying Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Track Renewal and Track Laying Machine Market - Supply Chain
4.5. Global Track Renewal and Track Laying Machine Market Forecast
4.5.1. Track Renewal and Track Laying Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Track Renewal and Track Laying Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Track Renewal and Track Laying Machine Market Absolute $ Opportunity
5. Global Track Renewal and Track Laying Machine 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. Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
5.3.1. Track Renewal Machine
5.3.2. Track Laying Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Track Renewal and Track Laying Machine 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. Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
6.3.1. Heavy Rail
6.3.2. Urban Rail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Track Renewal and Track Laying Machine 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. Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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. Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Demand Share Forecast, 2019-2026
9. North America Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
9.4.1. Heavy Rail
9.4.2. Urban Rail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
9.7.1. Track Renewal Machine
9.7.2. Track Laying Machine
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 Track Renewal and Track Laying Machine Demand Share Forecast, 2019-2026
10. Latin America Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
10.4.1. Heavy Rail
10.4.2. Urban Rail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
10.7.1. Track Renewal Machine
10.7.2. Track Laying Machine
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 Track Renewal and Track Laying Machine Demand Share Forecast, 2019-2026
11. Europe Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
11.4.1. Heavy Rail
11.4.2. Urban Rail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
11.7.1. Track Renewal Macine
11.7.2. Track Laying Machine
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 Track Renewal and Track Laying Machine Demand Share, 2019-2026
12. Asia Pacific Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
12.4.1. Heavy Rail
12.4.2. Urban Rail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
12.7.1. Track Renewal Machine
12.7.2. Track Laying Machine
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 Track Renewal and Track Laying Machine Demand Share, 2019-2026
13. Middle East & Africa Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine 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 Track Renewal and Track Laying Machine Market Size and Volume Forecast by Application
13.4.1. Heavy Rail
13.4.2. Urban Rail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Track Renewal and Track Laying Machine Market Size and Volume Forecast by Type
13.7.1. Track Renewal Machine
13.7.2. Track Laying Machine
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 Track Renewal and Track Laying Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Track Renewal and Track Laying Machine Market: Market Share Analysis
14.2. Track Renewal and Track Laying Machine Distributors and Customers
14.3. Track Renewal and Track Laying Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Plasser & Theurer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CREC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Harsco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Geismar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Matisa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Salcef Group S.p.A.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kirow
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Weihua
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Harsco 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. 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