The Global Track Geometry Measurement System Market size is expected to reach $4.4 billion by 2028, rising at a market growth of 6.2% CAGR during the forecast period.
Track geometry measurement systems (TGMS) are one of the most crucial techniques in the railway industry for evaluating track maintenance scheduling and safety. It is highly understood that derailments of tracks, which can cause catastrophic damage, can be prevented by routinely measuring and assessing track geometry.
For example, vehicle and track contact derailments like spreading gauge, rail rollover, and wheel climb are primarily caused by the geometry of the track. Additionally, certain track geometry circumstances can also cause derailments like broken rail, damaged fasteners, and derailments caused by thermal misalignment. Therefore, TGMS gives the primary ability to guarantee that the geometry condition of tracks is within acceptable bounds for safe operations.
Vibrations and the impact of fast trains have a significant impact on track geometry. In addition to the gauge suffering severe wear and tear, the alignment and cross-level are also compromised because of vibrations. This propels the need for predictive track maintenance and as a result due to the increased frequency of checks and the necessity for faster and more accurate measurements, track geometry measurement equipment is increasingly required.
Track geometry mainly focuses on the qualities and interactions of lines, curves, surfaces, and points in a railroad track's three-dimensional (3D) location. In addition, track design, building, and maintenance measurements are also referred to as track geometry. Track gauge, alignment, height, curvature, and track surface are all governed by regional statutory standards, speed caps, and other laws.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Balfour Beatty Plc, Bentley Systems, Inc., Egis Group, Fugro N.V., Trimble, Inc., ENSCO, Inc., E.S.I.M. Group, Plasser & Theurer, and MER MEC S.p.A. (Angel Company).
Track geometry measurement systems (TGMS) are one of the most crucial techniques in the railway industry for evaluating track maintenance scheduling and safety. It is highly understood that derailments of tracks, which can cause catastrophic damage, can be prevented by routinely measuring and assessing track geometry.
For example, vehicle and track contact derailments like spreading gauge, rail rollover, and wheel climb are primarily caused by the geometry of the track. Additionally, certain track geometry circumstances can also cause derailments like broken rail, damaged fasteners, and derailments caused by thermal misalignment. Therefore, TGMS gives the primary ability to guarantee that the geometry condition of tracks is within acceptable bounds for safe operations.
Vibrations and the impact of fast trains have a significant impact on track geometry. In addition to the gauge suffering severe wear and tear, the alignment and cross-level are also compromised because of vibrations. This propels the need for predictive track maintenance and as a result due to the increased frequency of checks and the necessity for faster and more accurate measurements, track geometry measurement equipment is increasingly required.
Track geometry mainly focuses on the qualities and interactions of lines, curves, surfaces, and points in a railroad track's three-dimensional (3D) location. In addition, track design, building, and maintenance measurements are also referred to as track geometry. Track gauge, alignment, height, curvature, and track surface are all governed by regional statutory standards, speed caps, and other laws.
COVID-19 Impact Analysis
The COVID-19 pandemic negatively affected the track geometry measurement system market. The increasing coronavirus infections globally led to strict social segregation and lockdown measures, which disrupted the supply chain and consequently affected product demand. Many associated industries were impacted by the COVID-19 crisis and subsequently influenced the worst effects on the international economy. Additionally, the closure and reduced personnel working laws slowed down the production and expansion of railway lines. Moreover, the pandemic conditions also decreased logistics capacities. Owing to these factors, the demand for TGMS was also hampered. The gradual reduction in the transportation sector also had a detrimental effect on the expansion of the track geometry measurement system market worldwide.Market Growth Factors
Rising adoption of contactless TGMS and TGMS in general
The adoption of the contactless TGMS is growing as it can detect more than 50 different kinds of flaws in train tracks. With exceptional efficiency and accuracy, the third rail, gauging, third rail height, and other parameters are measured with the help of contactless optical imaging technology. Additionally, many governmental agencies are spending more money on improving the security of railroad systems. Such improvements are more likely to boost the growth of the track geometry measurement system market.Growing need for improving the safety of tracks
The railway mode of transportation is one of the most significant modes for goods and passengers worldwide. All industries focus highly on the need for rail transportation’s security and safety. The increased adoption of track geometry measuring systems is anticipated to be majorly driven by the growing requirement for an efficient and effective railroad track management system. Many government authorities are also concentrating on constructing light rail infrastructure, like metro trains, along with expanding the railway networks to connect previously unconnected population centers to meet the escalating need for public transportation in numerous countries. These elements generate a profitable potential for the overall expansion of the track geometry measurement system market.Market Restraining Factors
Fluctuating prices of TGMS equipment and privatization levels in different nations
A high number of raw materials are needed to build track geometry systems, which are frequently coupled with cutting-edge technologies and modules. For example, measurement carts and surveying equipment are needed for the real-time processing of data and laser precision technologies. However, these items' costs typically change depending on the local economy. Additionally, the slower rate of infrastructure development in developing and undeveloped nations also influence the pace of TGMS implementation. Hence, all these elements are working together to hamper the growth of the track geometry measurement system market.Component Outlook
Based on component, the track geometry measurement system market is categorized into hardware, software, and services. The hardware segment garnered the highest revenue share in the track geometry measurement system market in 2021. Lighting equipment, communication equipment, navigation equipment, data storage equipment, camera, sensors, power supply equipment, and other items make up the hardware of TGMS. The hardware makes it possible to automatically analyze data of the actual track state with data obtained from the tracks' database, generate reports, and make recommendations for controlling and running railway units.Railway Type Outlook
On the basis of railway type, the track geometry measurement system market is divided into heavy haul railways, high-speed railways, light railways, and mass transit railways. The mass transit segment acquired the largest revenue share in the track geometry measurement system market in 2021. The development of mass transit rail lines is driven by an increase in the demand for precise evaluations of track geometry variables and the ability to identify deviations from the required track geometry. Both new railroad building projects and railroad maintenance can be completed with TGMS.Operation Outlook
Based on operation, the track geometry measurement system market is segmented into contact and contactless. The contactless segment garnered a remarkable growth rate in the track geometry measurement system market in 2021. A system known as contactless TGMS is used to measure a railway track's geometry without making any physical contact with the surface. This is accomplished by mounting sensors on a machine that travels along the track. A three-dimensional representation of the track is then created using the sensor data.Regional Outlook
On the basis of region, the track geometry measurement system market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region recorded the largest revenue share in the track geometry measurement system market in 2021. The rising adoption of cutting-edge technology accelerates this region's expansion. The use of track geometry measurement systems is growing due to the mass transit systems, significant expansion of high-speed railroads in India and China, and various types of railway advancements in the region. Rapid metro rail expansion also promotes regional development.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Balfour Beatty Plc, Bentley Systems, Inc., Egis Group, Fugro N.V., Trimble, Inc., ENSCO, Inc., E.S.I.M. Group, Plasser & Theurer, and MER MEC S.p.A. (Angel Company).
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Operation
- Contact
- Contactless
By Railway Type
- Mass Transit Railways
- High-Speed Railways
- Heavy Haul Railways
- Light Railways
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Balfour Beatty Plc
- Bentley Systems, Inc
- Egis Group
- Fugro N.V
- Trimble, Inc
- ENSCO, Inc
- E.S.I.M. Group
- Plasser & Theurer
- MER MEC S.p.A. (Angel Company)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Track Geometry Measurement System Market, by Component
1.4.2 Global Track Geometry Measurement System Market, by Operation
1.4.3 Global Track Geometry Measurement System Market, by Railway Type
1.4.4 Global Track Geometry Measurement System Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Track Geometry Measurement System Market by Component
3.1 Global Hardware Market by Region
3.2 Global Software Market by Region
3.3 Global Services Market by Region
Chapter 4. Global Track Geometry Measurement System Market by Operation
4.1 Global Contact Market by Region
4.2 Global Contactless Market by Region
Chapter 5. Global Track Geometry Measurement System Market by Railway Type
5.1 Global Mass Transit Railways Market by Region
5.2 Global High-Speed Railways Market by Region
5.3 Global Heavy Haul Railways Market by Region
5.4 Global Light Railways Market by Region
Chapter 6. Global Track Geometry Measurement System Market by Region
6.1 North America Track Geometry Measurement System Market
6.1.1 North America Track Geometry Measurement System Market by Component
6.1.1.1 North America Hardware Market by Country
6.1.1.2 North America Software Market by Country
6.1.1.3 North America Services Market by Country
6.1.2 North America Track Geometry Measurement System Market by Operation
6.1.2.1 North America Contact Market by Country
6.1.2.2 North America Contactless Market by Country
6.1.3 North America Track Geometry Measurement System Market by Railway Type
6.1.3.1 North America Mass Transit Railways Market by Country
6.1.3.2 North America High-Speed Railways Market by Country
6.1.3.3 North America Heavy Haul Railways Market by Country
6.1.3.4 North America Light Railways Market by Country
6.1.4 North America Track Geometry Measurement System Market by Country
6.1.4.1 US Track Geometry Measurement System Market
6.1.4.1.1 US Track Geometry Measurement System Market by Component
6.1.4.1.2 US Track Geometry Measurement System Market by Operation
6.1.4.1.3 US Track Geometry Measurement System Market by Railway Type
6.1.4.2 Canada Track Geometry Measurement System Market
6.1.4.2.1 Canada Track Geometry Measurement System Market by Component
6.1.4.2.2 Canada Track Geometry Measurement System Market by Operation
6.1.4.2.3 Canada Track Geometry Measurement System Market by Railway Type
6.1.4.3 Mexico Track Geometry Measurement System Market
6.1.4.3.1 Mexico Track Geometry Measurement System Market by Component
6.1.4.3.2 Mexico Track Geometry Measurement System Market by Operation
6.1.4.3.3 Mexico Track Geometry Measurement System Market by Railway Type
6.1.4.4 Rest of North America Track Geometry Measurement System Market
6.1.4.4.1 Rest of North America Track Geometry Measurement System Market by Component
6.1.4.4.2 Rest of North America Track Geometry Measurement System Market by Operation
6.1.4.4.3 Rest of North America Track Geometry Measurement System Market by Railway Type
6.2 Europe Track Geometry Measurement System Market
6.2.1 Europe Track Geometry Measurement System Market by Component
6.2.1.1 Europe Hardware Market by Country
6.2.1.2 Europe Software Market by Country
6.2.1.3 Europe Services Market by Country
6.2.2 Europe Track Geometry Measurement System Market by Operation
6.2.2.1 Europe Contact Market by Country
6.2.2.2 Europe Contactless Market by Country
6.2.3 Europe Track Geometry Measurement System Market by Railway Type
6.2.3.1 Europe Mass Transit Railways Market by Country
6.2.3.2 Europe High-Speed Railways Market by Country
6.2.3.3 Europe Heavy Haul Railways Market by Country
6.2.3.4 Europe Light Railways Market by Country
6.2.4 Europe Track Geometry Measurement System Market by Country
6.2.4.1 Germany Track Geometry Measurement System Market
6.2.4.1.1 Germany Track Geometry Measurement System Market by Component
6.2.4.1.2 Germany Track Geometry Measurement System Market by Operation
6.2.4.1.3 Germany Track Geometry Measurement System Market by Railway Type
6.2.4.2 UK Track Geometry Measurement System Market
6.2.4.2.1 UK Track Geometry Measurement System Market by Component
6.2.4.2.2 UK Track Geometry Measurement System Market by Operation
6.2.4.2.3 UK Track Geometry Measurement System Market by Railway Type
6.2.4.3 France Track Geometry Measurement System Market
6.2.4.3.1 France Track Geometry Measurement System Market by Component
6.2.4.3.2 France Track Geometry Measurement System Market by Operation
6.2.4.3.3 France Track Geometry Measurement System Market by Railway Type
6.2.4.4 Russia Track Geometry Measurement System Market
6.2.4.4.1 Russia Track Geometry Measurement System Market by Component
6.2.4.4.2 Russia Track Geometry Measurement System Market by Operation
6.2.4.4.3 Russia Track Geometry Measurement System Market by Railway Type
6.2.4.5 Spain Track Geometry Measurement System Market
6.2.4.5.1 Spain Track Geometry Measurement System Market by Component
6.2.4.5.2 Spain Track Geometry Measurement System Market by Operation
6.2.4.5.3 Spain Track Geometry Measurement System Market by Railway Type
6.2.4.6 Italy Track Geometry Measurement System Market
6.2.4.6.1 Italy Track Geometry Measurement System Market by Component
6.2.4.6.2 Italy Track Geometry Measurement System Market by Operation
6.2.4.6.3 Italy Track Geometry Measurement System Market by Railway Type
6.2.4.7 Rest of Europe Track Geometry Measurement System Market
6.2.4.7.1 Rest of Europe Track Geometry Measurement System Market by Component
6.2.4.7.2 Rest of Europe Track Geometry Measurement System Market by Operation
6.2.4.7.3 Rest of Europe Track Geometry Measurement System Market by Railway Type
6.3 Asia Pacific Track Geometry Measurement System Market
6.3.1 Asia Pacific Track Geometry Measurement System Market by Component
6.3.1.1 Asia Pacific Hardware Market by Country
6.3.1.2 Asia Pacific Software Market by Country
6.3.1.3 Asia Pacific Services Market by Country
6.3.2 Asia Pacific Track Geometry Measurement System Market by Operation
6.3.2.1 Asia Pacific Contact Market by Country
6.3.2.2 Asia Pacific Contactless Market by Country
6.3.3 Asia Pacific Track Geometry Measurement System Market by Railway Type
6.3.3.1 Asia Pacific Mass Transit Railways Market by Country
6.3.3.2 Asia Pacific High-Speed Railways Market by Country
6.3.3.3 Asia Pacific Heavy Haul Railways Market by Country
6.3.3.4 Asia Pacific Light Railways Market by Country
6.3.4 Asia Pacific Track Geometry Measurement System Market by Country
6.3.4.1 China Track Geometry Measurement System Market
6.3.4.1.1 China Track Geometry Measurement System Market by Component
6.3.4.1.2 China Track Geometry Measurement System Market by Operation
6.3.4.1.3 China Track Geometry Measurement System Market by Railway Type
6.3.4.2 Japan Track Geometry Measurement System Market
6.3.4.2.1 Japan Track Geometry Measurement System Market by Component
6.3.4.2.2 Japan Track Geometry Measurement System Market by Operation
6.3.4.2.3 Japan Track Geometry Measurement System Market by Railway Type
6.3.4.3 India Track Geometry Measurement System Market
6.3.4.3.1 India Track Geometry Measurement System Market by Component
6.3.4.3.2 India Track Geometry Measurement System Market by Operation
6.3.4.3.3 India Track Geometry Measurement System Market by Railway Type
6.3.4.4 South Korea Track Geometry Measurement System Market
6.3.4.4.1 South Korea Track Geometry Measurement System Market by Component
6.3.4.4.2 South Korea Track Geometry Measurement System Market by Operation
6.3.4.4.3 South Korea Track Geometry Measurement System Market by Railway Type
6.3.4.5 Singapore Track Geometry Measurement System Market
6.3.4.5.1 Singapore Track Geometry Measurement System Market by Component
6.3.4.5.2 Singapore Track Geometry Measurement System Market by Operation
6.3.4.5.3 Singapore Track Geometry Measurement System Market by Railway Type
6.3.4.6 Malaysia Track Geometry Measurement System Market
6.3.4.6.1 Malaysia Track Geometry Measurement System Market by Component
6.3.4.6.2 Malaysia Track Geometry Measurement System Market by Operation
6.3.4.6.3 Malaysia Track Geometry Measurement System Market by Railway Type
6.3.4.7 Rest of Asia Pacific Track Geometry Measurement System Market
6.3.4.7.1 Rest of Asia Pacific Track Geometry Measurement System Market by Component
6.3.4.7.2 Rest of Asia Pacific Track Geometry Measurement System Market by Operation
6.3.4.7.3 Rest of Asia Pacific Track Geometry Measurement System Market by Railway Type
6.4 LAMEA Track Geometry Measurement System Market
6.4.1 LAMEA Track Geometry Measurement System Market by Component
6.4.1.1 LAMEA Hardware Market by Country
6.4.1.2 LAMEA Software Market by Country
6.4.1.3 LAMEA Services Market by Country
6.4.2 LAMEA Track Geometry Measurement System Market by Operation
6.4.2.1 LAMEA Contact Market by Country
6.4.2.2 LAMEA Contactless Market by Country
6.4.3 LAMEA Track Geometry Measurement System Market by Railway Type
6.4.3.1 LAMEA Mass Transit Railways Market by Country
6.4.3.2 LAMEA High-Speed Railways Market by Country
6.4.3.3 LAMEA Heavy Haul Railways Market by Country
6.4.3.4 LAMEA Light Railways Market by Country
6.4.4 LAMEA Track Geometry Measurement System Market by Country
6.4.4.1 Brazil Track Geometry Measurement System Market
6.4.4.1.1 Brazil Track Geometry Measurement System Market by Component
6.4.4.1.2 Brazil Track Geometry Measurement System Market by Operation
6.4.4.1.3 Brazil Track Geometry Measurement System Market by Railway Type
6.4.4.2 Argentina Track Geometry Measurement System Market
6.4.4.2.1 Argentina Track Geometry Measurement System Market by Component
6.4.4.2.2 Argentina Track Geometry Measurement System Market by Operation
6.4.4.2.3 Argentina Track Geometry Measurement System Market by Railway Type
6.4.4.3 UAE Track Geometry Measurement System Market
6.4.4.3.1 UAE Track Geometry Measurement System Market by Component
6.4.4.3.2 UAE Track Geometry Measurement System Market by Operation
6.4.4.3.3 UAE Track Geometry Measurement System Market by Railway Type
6.4.4.4 Saudi Arabia Track Geometry Measurement System Market
6.4.4.4.1 Saudi Arabia Track Geometry Measurement System Market by Component
6.4.4.4.2 Saudi Arabia Track Geometry Measurement System Market by Operation
6.4.4.4.3 Saudi Arabia Track Geometry Measurement System Market by Railway Type
6.4.4.5 South Africa Track Geometry Measurement System Market
6.4.4.5.1 South Africa Track Geometry Measurement System Market by Component
6.4.4.5.2 South Africa Track Geometry Measurement System Market by Operation
6.4.4.5.3 South Africa Track Geometry Measurement System Market by Railway Type
6.4.4.6 Nigeria Track Geometry Measurement System Market
6.4.4.6.1 Nigeria Track Geometry Measurement System Market by Component
6.4.4.6.2 Nigeria Track Geometry Measurement System Market by Operation
6.4.4.6.3 Nigeria Track Geometry Measurement System Market by Railway Type
6.4.4.7 Rest of LAMEA Track Geometry Measurement System Market
6.4.4.7.1 Rest of LAMEA Track Geometry Measurement System Market by Component
6.4.4.7.2 Rest of LAMEA Track Geometry Measurement System Market by Operation
6.4.4.7.3 Rest of LAMEA Track Geometry Measurement System Market by Railway Type
Chapter 7. Company Profiles
7.1 Siemens AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Balfour Beatty Plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Bentley Systems, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Egis Group
7.4.1 Company Overview
7.4.2 Financial Analysis
7.5 Fugro N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Trimble, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 ENSCO, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Acquisition and Mergers:
7.8 E.S.I.M. Group
7.8.1 Company Overview
7.9 Plasser & Theurer
7.9.1 Company Overview
7.10. MER MEC S.p.A. (Angel Company)
7.10.1 Company Overview
Companies Mentioned
- Siemens AG
- Balfour Beatty Plc
- Bentley Systems, Inc.
- Egis Group
- Fugro N.V.
- Trimble, Inc.
- ENSCO, Inc.
- E.S.I.M. Group
- Plasser & Theurer
- MER MEC S.p.A. (Angel Company)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 208 |
| Published | January 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2901.2 Million |
| Forecasted Market Value ( USD | $ 4362.5 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
