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North America Railway Maintenance Machinery Market by Product Type, Application, and Sales Type: Regional Opportunity Analysis and Industry Forecast, 2021-2028

  • ID: 5394245
  • Report
  • May 2021
  • Region: North America
  • 157 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Geismar
  • Gesellschaft m.b.H.
  • Harsco Corporation
  • Knox Kershaw Inc
  • Plasser & Theurer
The North America railway maintenance machinery market size was valued at $774.0 million in 2019 and is projected to reach $1,163.1 million by 2028, registering a CAGR of 6.1% from 2021 to 2028. Railway maintenance machinery consists of vehicles and machines such as tamping machines, stabilizing machines, ballast cleaning machines, and others, which are used to maintain railway tracks. Tamping machine, ballast cleaning machine, rail handling machinery are some of the machineries are used in railway maintenance applications. In addition, they are used for maintenance of railway tracks for efficient and smooth operation of railways.



An increase in the number of railway electrification projects fuels the growth of the North America railway maintenance machinery market. Electric trains are more ecological when compared to fuel-powered trains, which boosts the growth of the North America railway maintenance machinery market.

Rise in number of railway construction projects fuels the growth of the North America railway maintenance machinery market. In addition, rise in government spending on building new railway projects, and investing on railway maintenance operation is anticipated to drive the growth of the North America railway maintenance machinery market. For instance, in 2020, Canadian National Railway Company (CN) planned to invest around $105 million across Manitoba, $20 million on Brunswick, and $10 million in Nova Scotia. This investment is aimed at replacement of railway lines, and railroad track infrastructure.

In addition, rise in adoption of internet of things (IoT) and cloud-based system in railway maintenance operations owing to its features such as scalability, high speed, continuous support, and IT security services drives the growth of the North America railway maintenance machinery market.

However, high cost associated with railway maintenance machineries is anticipated to hamper the growth of the North America railway maintenance machinery market. Conversely, technological integration in the railway maintenance machinery is anticipated to provide lucrative opportunities for the growth of the North America railway maintenance machinery market.

The North America railway maintenance machinery market is segmented on the basis of product type, application, sales type, and region. Based on product type, the railway maintenance machinery market is fragmented into tamping machine, stabilizing machinery, rail handling machinery, ballast cleaning machine, and others.

Based on application, the North America railway maintenance machinery market is categorized into ballast track, and non-ballast track. Based on sales type, the market is divided into new sales, and aftermarket sales. The aftermarket sales segment is further bifurcated into parts and services. Country wise, the North America railway maintenance machinery market has been analyzed across the U.S., Canada, and Mexico.

Competition analysis


Key companies profiled in the report include Caterpillar Inc. (Progress Rail Services Corporation), Coril Holdings Ltd. (Loram Maintenance of Way, Inc.), Curran Group, Inc. (Holland LP), Fluor Corporation (American Equipment Company, Inc.), Geismar, Harsco Corporation, Knox Kershaw Inc., Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., ROBEL Bahnbaumaschinen GmbH, Wabtec Corporation (Nordco Inc.).

Key Benefits for Stakeholders


The report provides an extensive analysis of the current and emerging North America railway maintenance machinery market trends and dynamics.
In-depth market analysis is conducted by North America railway maintenance machinery market estimations for the key market segments between 2015 and 2028.
Extensive analysis of North America railway maintenance machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The North America railway maintenance machinery market forecast analysis from 2021 to 2028 is included in the report.
The key market players within the North America railway maintenance machinery market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the North America railway maintenance machinery market.

NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET SEGMENTS


By Product Type

  • Tamping Machine
  • Stabilizing Machinery
  • Rail Handling Machinery
  • Ballast Cleaning Machine
  • Others

By Application

  • Ballast Track
  • Non-ballast track

By Sales Type

  • New Sales
  • Tamping Machine
  • Stabilizing Machinery
  • Rail Handling Machinery
  • Ballast Cleaning Machine
  • Others
  • Aftermarket Sales
  • Parts
  • Tamping Machine
  • Stabilizing Machinery
  • Rail Handling Machinery
  • Ballast Cleaning Machine
  • Others
  • Services
  • Tamping Machine
  • Stabilizing Machinery
  • Rail Handling Machinery
  • Ballast Cleaning Machine
  • Others

By Country

  • U.S.
  • Canada
  • Mexico

KEY PLAYERS

  • Caterpillar Inc (Progress Rail Services Corporation)
  • Coril Holdings Ltd (Loram Maintenance of Way, Inc)
  • Curran Group, Inc (Holland LP)
  • Fluor Corporation (American Equipment Company, Inc)
  • Geismar
  • Harsco Corporation
  • Knox Kershaw Inc
  • Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H.,
  • ROBEL Bahnbaumaschinen GmbH
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Geismar
  • Gesellschaft m.b.H.
  • Harsco Corporation
  • Knox Kershaw Inc
  • Plasser & Theurer
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.3. Market player positioning, 2020
3.4. Porter's five forces analysis
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in government spending on construction of railway projects
3.5.1.2. Increase in number of railway electrification projects
3.5.1.3. Benefits associated with railway maintenance machinery
3.5.2. Restraint
3.5.2.1. High cost of machine
3.5.3. Opportunity
3.5.3.1. Technological innovation
3.6. COVID-19 Impact analysis

CHAPTER 4: NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast, by product type
4.2. Tamping machine
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
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
4.3.3. Market analysis, by country
4.4. Rail handling machinery
4.4.1. Key growth factors and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis, by country
4.5. Ballast cleaning machine
4.5.1. Key growth factors and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis, by country
4.6. Others
4.6.1. Key growth factors and opportunities
4.6.2. Market size and forecast
4.6.3. Market analysis, by country

CHAPTER 5: NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast, by technology
5.2. Ballast track
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
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
5.3.3. Market analysis, by country

CHAPTER 6: NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY SALES TYPE
6.1. Overview
6.1.1. Market size and forecast, by sales type
6.2. New sales
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. 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 type
6.3.2.1. Parts
6.3.2.2. Services
6.3.3. Market analysis, by country

CHAPTER 7: NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY COUNTRY
7.1. Overview
7.1.1. Market size and forecast, by country
7.2. North America
7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast, by product type
7.2.3. Market size and forecast, by application
7.2.4. Market size and forecast, sales type
7.2.5. Market analysis, by country
7.2.5.1. U. S.
7.2.5.1.1. Market size and forecast, by product type
7.2.5.1.2. Market size and forecast, by application
7.2.5.1.3. Market size and forecast, by sales type
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by product type
7.2.5.2.2. Market size and forecast, by application
7.2.5.2.3. Market size and forecast, by sales type
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by product type
7.2.5.3.2. Market size and forecast, by application
7.2.5.3.3. Market size and forecast, by sales type

CHAPTER 8: COMPANY PROFILES
8.1. CATERPILLAR INC (PROGRESS RAIL SERVICES CORPORATION)
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. R&D Expenditure
8.1.7. Business performance
8.1.8. Key strategic moves and developments
8.2. CORIL HOLDINGS LTD. (LORAM MAINTENANCE OF WAY, INC.)
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.2.5. Key strategic moves and developments
8.3. CURRAN GROUP, INC. (HOLLAND LP)
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Product portfolio
8.4. FLUOR CORPORATION (AMERICAN EQUIPMENT COMPANY, INC.)
8.4.1. Company overview
8.4.2. Key executive
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. R&D expenditure
8.4.7. Business performance
8.5. GEISMAR
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Key strategic moves and developments
8.6. HARSCO CORPORATION
8.6.1. Company overview
8.6.2. Key executive
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Research and development expenses
8.6.7. Business performance
8.6.8. Key strategic moves and developments
8.7. KNOX KERSHAW INC.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Product portfolio
8.8. PLASSER & THEURER, EXPORT VON BAHNBAUMASCHINEN, GESELLSCHAFT M. B. H.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Product portfolio
8.9. ROBEL BAHNBAUMASCHINEN GmbH
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Product portfolio
8.10. WABTEC CORPORATION (NORDCO INC.)
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments

List of Tables
Table 01. North America Railway Maintenance Machinery Market Revenue, by Product Type, 2015-2028 ($Million)
Table 02. North America Railway Maintenance Machinery Market Revenue for Tamping Machine, by Region, 2015-2028($Million)
Table 03. North America Railway Maintenance Machinery Market Revenue for Stabilizing Machinery, by Region, 2015-2028($Million)
Table 04. North America Railway Maintenance Machinery Market Revenue for Rail Handling Machinery, by Region, 2015-2028($Million)
Table 05. North America Railway Maintenance Machinery Market Revenue for Ballast Cleaning Machine, by Region, 2015-2028($Million)
Table 06. North America Railway Maintenance Machinery Market Revenue for Others, by Region, 2015-2028($Million)
Table 07. North America Railway Maintenance Machinery Market, by Application, 2015-2028 ($Million)
Table 08. North America Railway Maintenance Machinery Market Revenue for Ballast Track, by Region, 2015-2028 ($Million)
Table 09. North America Railway Maintenance Machinery Market Revenue for Non-Ballast Track, by Region, 2015-2028 ($Million)
Table 10. North America Railway Maintenance Machinery Market Revenue, by Sales Type, 2015-2028 ($Million)
Table 11. North America Railway Maintenance Machinery Market Revenue for New Sales, by Equipment Type, 2015-2028 ($Million)
Table 12. North America Railway Maintenance Machinery Market Revenue for Sales Type, by Region, 2015-2028 ($Million)
Table 13. North America Railway Maintenance Machinery Market Revenue for Parts, by Equipment Type, 2015-2028 ($Million)
Table 14. North America Railway Maintenance Machinery Market Revenue for Services, by Equipment Type, 2015-2028 ($Million)
Table 15. North America Railway Maintenance Machinery Market Revenue, by Country, 2019-2028 ($Million)
Table 16. North America Railway Maintenance Machinery Market Revenue, by Product Type, 2015-2028 ($Million)
Table 17. North America Railway Maintenance Machinery Market Revenue, by Application, 2015-2028 ($Million)
Table 18. North America Railway Maintenance Machinery Market Revenue, by Sales Type, 2025-2028 ($Million)
Table 19. North America Railway Maintenance Machinery Market Revenue, by Country, 2015-2028 ($Million)
Table 20. U.S. Railway Maintenance Machinery Market Revenue, by Product Type, 2025-2028($Million)
Table 21. U.S. Railway Maintenance Machinery Market Revenue, by Application, 2015-2028 ($Million)
Table 22. U.S. Railway Maintenance Machinery Market Revenue, by Sales Type, 2025-2028 ($Million)
Table 23. Canada Railway Maintenance Machinery Market Revenue, by Product Type, 2015-2028 ($Million)
Table 24. Canada Railway Maintenance Machinery Market Revenue, by Application, 2015-2028 ($Million)
Table 25. Canada Railway Maintenance Machinery Market Revenue, by Sales Type, 2015-2028 ($Million)
Table 26. Mexico Railway Maintenance Machinery Market Revenue, by Product Type, 2015-2028 ($Million)
Table 27. Mexico Railway Maintenance Machinery Market Revenue, by Application, 2015-2028 ($Million)
Table 28. Mexico Railway Maintenance Machinery Market Revenue, by Sales Type, 2015-2028 ($Million)
Table 29. Caterpillar: Key Executives
Table 30. Caterpillar: Company Snapshot
Table 31. Caterpillar: Operating Segments
Table 32. Progress Rail Service Corporation: Product Portfolio
Table 33. Coril Holdings Ltd.: Key Executives
Table 34. Coril Holdings Ltd.: Company Snapshot
Table 35. Loram Maintenance of Way Inc: Product Portfolio
Table 36. Curran Group: Key Executives
Table 37. Curran Group: Company Snapshot
Table 38. Holland Lp: Product Portfolio
Table 39. Fluor Corporation: Key Executive
Table 40. Fluor Corporation: Company Snapshot
Table 41. Fluor Corporation: Operating Segments
Table 42. America Equipment Company Inc.: Product Portfolio
Table 43. Geismar.: Company Snapshot
Table 44. Geismar: Product Portfolio
Table 45. Harsco Corporation: Key Executive
Table 46. Harsco Corporation: Company Snapshot
Table 47. Harsco Corporarion: Operating Segments
Table 48. Harsco Corporation: Product Portfolio
Table 49. Knox Kershaw Inc: Key Executives
Table 50. Knox Kershaw Inc: Company Snapshot
Table 51. Knox Kershaw Inc: Product Portfolio
Table 52. Plasser & Theurer: Key Executives
Table 53. Plasster & Theurer: Company Snapshot
Table 54. Plasser & Theurer: Product Portfolio
Table 55. Robel Bahnbaumaschinen GmbH: Key Executives
Table 56. Robel Bahnbaumaschinen: Company Snapshot
Table 57. Robel Bahnbaumaschinen GmbH: Product Portfolio
Table 58. Wabtec Corporation: Key Executives
Table 59. Wabtec Corporation: Company Snapshot
Table 60. Wabtec Corporation: Operating Segments
Table 61. Nordco Corporation: Product Portfolio

List of Figures
Figure 01. Key Market Segments
Figure 02. Key Players
Figure 03. North America Railway Maintenance Machinery Market Snapshot, by Segmentation
Figure 04. Top Investment Pocket
Figure 05. Top Winning Strategies, by Year, 2018-2021
Figure 06. Top Winning Strategies, by Development, 2018-2021 (%)
Figure 07. Top Winning Strategies, by Company, 2018-2021
Figure 08. Market Player Positioning, 2020
Figure 09. Low-To-Moderate Bargaining Power of Suppliers
Figure 10. Moderate-To-High Bargaining Power of Buyers
Figure 11. Low Threat of Substitutes
Figure 12. Low to Moderate Threat of New Entrants
Figure 13. Moderate-To-High Intensity of Rivalry
Figure 14. North America Railway Maintenance Machinery Market, by Product Type, 2019-2028
Figure 15. Comparative Share Analysis of North America Railway Maintenance Machinery Market for Tamping Machine, by Country, 2019 & 2028 (%)
Figure 16. Comparative Share Analysis of Railway Maintenance Machinery Market for Stabilizing Machinery, by Country, 2019 & 2028 (%)
Figure 17. Comparative Share Analysis of Railway Maintenance Machinery Market for Rail Handling Machinery, by Country, 2019 & 2028 (%)
Figure 18. Comparative Share Analysis of Railway Maintenance Machinery Market for Ballast Cleaning Machine, by Country, 2019 & 2028 (%)
Figure 19. Comparative Share Analysis of Railway Maintenance Machinery Market for Others, by Country, 2019 & 2028 (%)
Figure 20. North America Railway Maintenance Machinery Market, by Application, 2019-2028
Figure 21. Comparative Share Analysis of North America Railway Maintenance Machinery Market Revenue for Ballast Track, by Country, 2019 & 2028 (%)
Figure 22. Comparative Share Analysis of Railway Maintenance Machinery Market for Non-Ballast Track, by Country, 2019 & 2028 (%)
Figure 23. North America Railway Maintenance Machinery Market, by Sales Type, 2019-2028
Figure 24. Comparative Share Analysis of Railway Maintenance Machinery Market for New Sales, by Country, 2019 & 2027 (%)
Figure 25. Comparative Share Analysis of Railway Maintenance Machinery Market for Aftermarket Sales, by Country, 2019 & 2027 (%)
Figure 26. North America Railway Maintenance Machinery Market, by Country, 2019-2028
Figure 27. U.S. Railway Maintenance Machinery Market Revenue, 2019-2028($Million)
Figure 28. Canada Railway Maintenance Machinery Market Revenue, 2019-2028($Million)
Figure 29. Mexico Railway Maintenance Machinery Market Revenue, 2020-2028 ($Million)
Figure 30. Caterpillar: R&D Expenses, 2018-2020 ($Million)
Figure 31. Caterpillar: Revenue, 2018-2020 ($Million)
Figure 32. Caterpillar: RevenU.S. are, by Segment, 2020 (%)
Figure 33. Caterpillar: RevenU.S. are, by Region, 2020 (%)
Figure 34. Fluor Corporation: R&D Expenditure, 2018-2020 ($Million)
Figure 35. Fluor Corporation: Revenue, 2018-2020 ($Million)
Figure 36. Fluor Corporation: RevenU.S. are by Segment, 2020 (%)
Figure 37. Fluor Corporation: RevenU.S. are by Region, 2020 (%)
Figure 38. Harsco Corporation: R&D Expenditure, 2018-2020($Million)
Figure 39. Harsco Corporation: Revenue, 2018-2020 ($Million)
Figure 40. Harsco Corporation: RevenU.S. are by Segment, 2020(%)
Figure 41. Harsco Corporarion: RevenU.S. are by Region, 2020(%)
Figure 42. Wabtec Corporation: Revenue, 2018-2020 ($Million)
Figure 43. Wabtec Corporation: RevenU.S. are, by Segment, 2020 (%)
Note: Product cover images may vary from those shown
  • (Progress Rail Services Corporation)
  • Coril Holdings Ltd (Loram Maintenance of Way Inc.)
  • Curran Group Inc.(Holland LP)
  • Fluor Corporation (American Equipment Company Inc.)
  • Geismar
  • Harsco Corporation
  • Knox Kershaw Inc
  • Plasser & Theurer
  • Export von Bahnbaumaschinen
  • Gesellschaft m.b.H.
  • ROBEL Bahnbaumaschinen GmbH
  • Wabtec Corporation (Nordco Inc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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