Global Railway Maintenance Machinery Market Size, Trends & Growth Opportunity, By Product Type (Tamping Machine, Stabilizing Machinery, Rail Handling Machinery, Ballast Cleaning Machine, and Others), By Application (Ballast Track and Non-ballast Track), By Sales Type (New Sales and Aftermarket Sales), and By Region and Forecast till 2027.
Report ID : QR1001474 | Industries : Semiconductors and Electronics | Published On :March 2022 | Page Count : 253Global Railway Maintenance Machinery Market
The global railway maintenance machinery market size was valued at $3,7.39.2 million in 2020 and is projected to reach $5,521.9 million by 2027, registering a CAGR of 7.2% from 2020 to 2027.
The method of keeping a railway track in excellent operational order is known as railway maintenance. The equipment can be used to elevate the sleeper and pack the ballast on both ballast and non-ballast tracks to prevent abrasion, deformation, change of geometry, and damage to the track's numerous components.
Drivers: Increased government investment in railway infrastructure, increased demand for stable, reliable, and effective transportation railway systems are the key market drivers for railway maintenance machinery. The railway maintenance machinery market is expected to expand due to an increase in global road accidents. Furthermore, increased usage of internet of things (IoT) technology in the railway maintenance industry, owing to features such as scalability, availability 24/7, and cloud-based systems, is fueling the expansion of the railway maintenance machinery market.
Restraints: Railway maintenance machines are huge machinery with significant prices, which may stifle market growth in some developing countries and economies with weak economic foundations.
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Impact of Covid-19
During the advent of the COVID-19 pandemic, the railway maintenance machinery market was restricted by restrictions on travel and logistics, which consequently impacted new sales of railway maintenance machinery. Moreover, during the lockdown, railway maintenance machinery could not be successfully sold through OEMs. Furthermore, because the usage of railway maintenance machinery was limited, the maintenance market for railway maintenance machinery slowed.
Segmentation By Product Type: Global Railway Maintenance Machinery Market is classified on the basis of Tamping Machine, Stabilizing Machinery, Rail Handling Machinery, Ballast Cleaning Machine, and Others.
Segmentation By Application: Global Railway Maintenance Machinery Market is classified on the basis of Ballast Track and Non-ballast Track.
Segmentation By Sales Type: Global Railway Maintenance Machinery Market is classified on the basis of New Sales and Aftermarket Sales.
Segmentation By Region: Global Railway Maintenance Machinery Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Global Railway Maintenance Machinery Market are Caterpillar Inc., Harsco Corporation, Alamo Group Inc., Plasser & Theurer, Antea Group, Coril Holdings Ltd., MATISA SAS, GEATECH Group Srl., Speno International SA, and American Equipment Co.
Industrial Development
- Bombardier Inc., a Canadian multinational corporation, launched EBI Sense, a new digital solution that provides predictive maintenance for railway signalling, in November 2020.
- In 2019, India's Public Investment Board announced a US$ 10.3 billion investment in four cities for the Regional Rapid Transit System (RRTS).
- According to China's National Railway Administration, the government spent around US$ 81.5 billion on urban rail transportation in 2018. China expects to have 9,500 km of metro lines operational by 2021, with new metro lines set to open in Jinan, Lanzhou, Changzhou, Xuzhou, and Huhhot in 2019.
Market Taxonomy
By Product Type
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- Tamping Machine
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Others
By Application
-
- Ballast Track
- Non-ballast Track
By Sales Type
-
- New Sales
- Aftermarket Sales
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Railway Maintenance Machinery Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Railway Maintenance Machinery Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3. Executive Summary
4. Global Railway Maintenance Machinery Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Railway Maintenance Machinery Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
-
- Global Railway Maintenance Machinery Market Share Analysis, By Product Type
5.3 Global Railway Maintenance Machinery Market Size and Forecast, By Product Type
5.3.1 Tamping Machine
5.3.2 Stabilizing Machinery
5.3.3 Rail Handling Machinery
5.3.4 Ballast Cleaning Machine
5.3.5 Others
6. Global Railway Maintenance Machinery Market, By Sales Type
6.1 Y-o-Y Growth Comparison, By Sales Type
6.2 Global Railway Maintenance Machinery Market Share Analysis, By Sales Type
6.3 Global Railway Maintenance Machinery Market Size and Forecast, By Sales Type
6.3.1 New Sales
6.3.2 Aftermarket Sales
7. Global Railway Maintenance Machinery Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2Global Railway Maintenance Machinery Market Share Analysis, By Application
-
- Global Railway Maintenance Machinery Market Size and Forecast, By Application
- Ballast Track
- Non-ballast Track
8. Global Railway Maintenance Machinery Market, By Region
8.1 Global Railway Maintenance Machinery Market Share Analysis, By Region
8.2 Global Railway Maintenance Machinery Market Size and Forecast, By Region
8.2 Global Railway Maintenance Machinery Market Size and Forecast, By Region
9. North America Railway Maintenance Machinery Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Railway Maintenance Machinery Market Share Analysis, By Product Type
9.3 North America Railway Maintenance Machinery Market Size and Forecast, By Sales Type
9.4 North America Railway Maintenance Machinery Market Size and Forecast, By Application
9.5 North America Railway Maintenance Machinery Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Railway Maintenance Machinery Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Railway Maintenance Machinery Market Share Analysis, By Product Type
10.3 Europe Railway Maintenance Machinery Market Size and Forecast, By Sales Type
10.4 Europe Railway Maintenance Machinery Market Size and Forecast, By Application
10.5 Europe Railway Maintenance Machinery Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Railway Maintenance Machinery Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Railway Maintenance Machinery Market Share Analysis, By Product Type
11.3 Asia Pacific Railway Maintenance Machinery Market Size and Forecast, By Sales Type
11.4 Asia Pacific Railway Maintenance Machinery Market Size and Forecast, By Application
11.5 Asia Pacific Railway Maintenance Machinery Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Railway Maintenance Machinery Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Railway Maintenance Machinery Market Share Analysis, By Product Type
12.3 Latin America Railway Maintenance Machinery Market Size and Forecast, By Sales Type
12.4 Latin America Railway Maintenance Machinery Market Size and Forecast, By Application
12.5 Latin America Railway Maintenance Machinery Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Railway Maintenance Machinery Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Railway Maintenance Machinery Market Share Analysis, By Product Type
12.3 Middle East Railway Maintenance Machinery Market Size and Forecast, By Sales Type
13.4 Middle East Railway Maintenance Machinery Market Size and Forecast, By Application
13.5 Middle East Railway Maintenance Machinery Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Caterpillar Inc.
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Harsco Corporation
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Alamo Group Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Plasser & Theurer
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Antea Group
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Coril Holdings Ltd.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. MATISA SAS
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies