Rail Wheel and Axle - Global Strategic Business Report

Report
395 Pages
July 2024
Region: Global
Global Industry Analysts, Inc
ID: 5030336

The global market for Rail Wheel and Axle is estimated at US$3.5 Billion in 2023 and is projected to reach US$4.9 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Solid Axles segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of 4.7%. The Hollow Axles segment is also set to grow at 4% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $594.2 Million in 2023, and China, forecasted to grow at an impressive 6.1% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Rail Wheel and Axle Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Rail Wheel and Axle Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Rail Wheel and Axle Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Nippon Steel Corporation, Steel Authority of India Ltd. (SAIL), Bharat Forge Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 36 Featured):

Nippon Steel Corporation
Steel Authority of India Ltd. (SAIL)
Bharat Forge Ltd.
Bombardier, Inc.
Lucchini RS SpA
CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
Jinxi Axle Company Limited

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Rail Wheel and Axle: An Introduction
Evolution of the Railroad Wheel
Global Market Outlook & Prospects
Asian Economies to Offer Lucrative Growth Opportunities
Competition
Recent Market Activity
Rail Wheel and Axle - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Increase in New Railway Projects and Consequent Rise in Locomotive and Bogie Production Drives Demand for Rail Wheel and Axle
A Snapshot of Select Major Ongoing & Upcoming Projects Focused on Rail Freight Transport
Rise in Rail Passenger and Freight Traffic Translates into Market Growth
Global Rail Passenger Traffic (in Billion Passenger Kilometers) by Region
Development of Urban Rail Transport Infrastructure Presents Growth Prospects for Rail Wheel & Axle Market
Worldwide Investments into Light Rail and Metro Rail Projects (in US$ Billion) by Region for the Period 2019-2025
Expanding Metro Train Network Drives Demand for Metro Train Wheels
With Rail Freight Transport Being Indispensable for the Global Logistics Chain, Long-term Network Expansion Initiatives Bode Well for the Market
Global Rail Freight Transportation Market Size in US$ Million by Region/Country for 2020 and 2027
World Trade Flows Determine Growth Dynamics of Rail Freight Transport Market, Setting Trends in the Rail Wheel Axle Market
Global Merchandise Trade Exports Volume Growth (in %) by Region for 2018-2023
Global Merchandise Trade Imports Volume Growth (in %) by Region for 2018-2023
Development of Europe-Asia Railway Line and Resultant Rise in Trade Flows Augurs Well for the Market
Growing Electrification of Rail Lines in Developing Economies Presents Growth Opportunity
Imperative Need to Replace Aging Diesel Locomotives to Reduce Emissions Supports Market Growth
Smart Urban Spaces and Emphasis on Smart Railway Infrastructure: Potential for Growth
As Governments Focus on Development of High-Speed Trains and Bullet Trains, Rail Wheel and Axle Market to Benefit
Global Level of Deployment of High-Speed Rail Lines by Select Leading Countries
Aftermarket Segment Poised to Benefit from Growing Demand for Rail Wheel Machining
Advent of Solar Powered Trains Emerges as a Potential Driving Factor
R&D Efforts of Manufacturers Focused on Development of Lightweight Rail Wheels & Axles
Rail Operators Bet on Advanced Vibration Sensors to Detect Wheel Flats
Laser Triangulation Sensors Offer Compelling Option to Measure Lateral Positions of Rail Bogie Wheels
Bayesian DLM Presents Effective Option for Real-Time Detection of Wheel Defects in High-Speed Trains
With Few Countries Moving Towards Alternative Rail Technologies Such as Maglev, Challenges Ahead for Rail Wheel & Axle Market

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Rail Wheel and Axle by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 2: World Historic Review for Rail Wheel and Axle by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 3: World 16-Year Perspective for Rail Wheel and Axle by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 4: World Recent Past, Current & Future Analysis for Solid Axles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 5: World Historic Review for Solid Axles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 6: World 16-Year Perspective for Solid Axles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Hollow Axles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 8: World Historic Review for Hollow Axles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 9: World 16-Year Perspective for Hollow Axles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 10: World Recent Past, Current & Future Analysis for Mainline Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 11: World Historic Review for Mainline Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 12: World 16-Year Perspective for Mainline Trains by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Freight Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 14: World Historic Review for Freight Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 15: World 16-Year Perspective for Freight Trains by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 16: World Recent Past, Current & Future Analysis for Metro Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 17: World Historic Review for Metro Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 18: World 16-Year Perspective for Metro Trains by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Very High Speed Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 20: World Historic Review for Very High Speed Trains by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 21: World 16-Year Perspective for Very High Speed Trains by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 25: World Rail Wheel and Axle Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADA

JAPAN

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)

CHINA

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Rail Transportation Sector Presents Opportunities for Rail Wheel and Axle Market
Rail Freight Traffic in China (in Trillion Ton Kilometers) for the Years 2011-2023
China’s Long-term Plans for Railway Network Expansion Augurs Well for Wheel and Axle Market

EUROPE

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Rail Transportation Industry in Europe: An Overview

FRANCE

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)

GERMANY

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)

ITALY

UNITED KINGDOM

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

AUSTRALIA

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)

INDIA

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
Rise of Indian Urban Rail Transportation Bodes Well for Wheels and Axle Market
Indian Railways Eyes ‘Made in India’ Initiative for Zero Import of Rail Components

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Rail Wheel and Axle Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Nippon Steel Corporation
Steel Authority of India Ltd. (SAIL)
Bharat Forge Ltd.
Bombardier, Inc.
Lucchini RS SpA
CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
Jinxi Axle Company Limited

Table Information

Report Attribute	Details
No. of Pages	395
Published	July 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 3.5 Billion
Forecasted Market Value ( USD ) by 2030	$ 4.9 Billion
Compound Annual Growth Rate	4.9%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 36 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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