Dublin, Dec. 14, 2022 (GLOBE NEWSWIRE) -- The "Railway Maintenance Machinery Market By Product Type, By Application, By Sales Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global railway maintenance machinery market was valued at $3,945.2 million in 2021, and is projected to reach $7,613.8 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.
Railway maintenance machinery consists of vehicles and machines, such as tamping machine and stabilizing machines, that are used to maintain railway tracks. These machineries are used in applications such as weld shear, rail drill, rail saw, and clipping machines. In addition, they are used for maintenance of railway tracks so that there is efficient and smooth operation of railway transport.
Increase in number of railway electrification projects globally fuels the growth of the railway maintenance machinery market. Electric trains are more eco-friendly as compared to fuel-powered trains. Hence, this leads to growth in demand for the railway maintenance services.
In addition, governments of different countries are approving hybrid tamping machines for maintaining operations of railway tracks. For instance, in 2020, Germany's Federal Railway Authority (EBA) approved Unimat 09-32/4S Dynamic E3 hybrid tamping machine for railway track operations in Kreuznach (Germany) and Bern (Switzerland).
Growth in number of railway construction projects leads to expansion of the railway maintenance machinery market. In addition, rise in government spending on building new railway projects is anticipated to provide a boost to this market. For instance, the Indian government plans to spend $704.16 million on railway projects till 2023.
Rise in adoption of internet of things (IoT) and cloud-based system in railway maintenance operations, owing to features such as scalability, high speed, continuous support, and IT security services, is expected to drive the growth of the railway maintenance machinery market.
However, high costs associated with railway maintenance machineries is likely to hamper the development of the market. Conversely, technological integration in the railway maintenance machinery is anticipated to provide lucrative opportunities for the growth of the market.
The global railway maintenance machinery market is segmented on the basis of product type, application, sales type, and region. According to product type, the railway maintenance machinery market is fragmented into tamping machine, stabilizing machinery, rail handling machinery, and ballast cleaning machine.
On the basis of application, the global railway maintenance machinery market is categorized into ballast track and non-ballast track. Depending on sales type, the market is divided into new sales and aftermarket sales.
Region wise, the railway maintenance machinery market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the railway maintenance machinery market report include China Railway Construction Corporation Limited (CRCC High-Tech Equipment Co. Ltd.), China State Railway Group Co. Ltd. (Gemac Engineering Machinery Co. Ltd.), System 7 Railholding GmbH, Harsco Corporation, MER MEC s.p.A., Geatech Group Srl, Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., Sinara-Transport Vehicles, Fluor Corporation (American Equipment Company, Inc.), and Coril Holdings Ltd. (Loram Maintenance of Way, Inc.).
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the railway maintenance machinery market analysis from 2021 to 2031 to identify the prevailing railway maintenance machinery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the railway maintenance machinery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global railway maintenance machinery market trends, key players, market segments, application areas, and market growth strategies.
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $3945.2 million |
| Forecasted Market Value (USD) by 2031 | $7613.8 million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: RAILWAY MAINTENANCE MACHINERY MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Tamping machine
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Stabilizing machinery
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Rail handling machinery
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Ballast cleaning machine
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: RAILWAY MAINTENANCE MACHINERY MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Ballast track
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Non-ballast Track
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: RAILWAY MAINTENANCE MACHINERY MARKET, BY SALES TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 New sales
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Aftermarket sales
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: RAILWAY MAINTENANCE MACHINERY MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 China Railway Construction Corporation Limited (CRCC High- Tech Equipment Co. Ltd)
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 China State Railway Group Co Ltd. (Gemac Engineering Machinery Co Ltd)
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 System 7- Railsupport GmbH
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Harsco Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 MER MEC s.p.A.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Geatech Group s.r.l.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 PLASSER & THEURER
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sinara Transport Machines Holding
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Fluor Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 CORIL HOLDINGS LTD
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/wlc67x
Attachment
