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Railway maintenance machinery consists of work vehicles and some small equipment that are used for the maintenance of tracks.
Scope of the Report:
Major factors driving growth of this market include the increasing mileage of Railways opened to traffic, the upgrading of railway system demands higher requirements and increasing market demand in emerging economies, growth impetus of Labor cost, and shift towards maintenance machine systems. However, high cost of instruments, lack of reimbursement especially in emerging economies, and lack of technicians are expected to restrain the growth of this market.
Asia-Pacific market is expected to become the fastest growing market, increasing product availability is the key point. Asia-Pacific is poised to grow at the highest CAGR during the forecast period owing to rising mileage of Railways opened to traffic, increasing disposable income in this region, and rising focus of prominent players on the APAC market increasing product availability.
At the perspective of key manufacturers, Plasser & Theurer owns the highest market share of Global Railway Maintenance Machinery, and its production was 223 units and the market share was 5% in 2012, and it has reached be 334 units and 4.6% in 2017. Which totally presents that, the whole global market concentration level is not high. With the development of railway, the market will be keeping grow in the future, huge profits would also offer to leading manufacturers as soon as they possess the advanced technology of Railway Maintenance Machinery.
The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. Strong market competition is resulting in annual 1-6 percent price erosion.
The worldwide market for Railway Maintenance Machinery is expected to grow at a CAGR of roughly 7.4% over the next five years, will reach 6500 million US$ in 2024, from 4240 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Railway Maintenance Machinery in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Plasser & Theurer
- CRCC High-Tech Equipment
- Loram Maintenance of Way
- Harsco
- Strukton
- Speno
- Remputmash Group
- GEATECH Group
- Gemac Engineering
- CRRC
- MATISA France
- Vortok International
- Teraspyora-Steelwheel Oy
- Beijing Yan Hong Da Railway Equipment
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Tamping Machine
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Other
Market Segment by Applications, can be divided into
- Ballast Track
- Ballastless Track
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Railway Maintenance Machinery product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Railway Maintenance Machinery, with price, sales, revenue and global market share of Railway Maintenance Machinery in 2017 and 2018.
Chapter 3, the Railway Maintenance Machinery competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Railway Maintenance Machinery breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Railway Maintenance Machinery market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Railway Maintenance Machinery sales channel, distributors, customers, research findings and conclusion, appendix and data source.