1h Free Analyst Time
The rail wheel market is forecasted to grow by USD 1.46 billion during 2024-2029, accelerating at a CAGR of 5.8% during the forecast period. The report on the rail wheel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing rail passenger traffic, railway infrastructure development in asian countries, and increased demand for rail logistics due to rising trade activities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The rail wheel market is segmented as below:
By Type
- Freight trains
- Long-distance trains
- Suburban trains
- Metro and monorails
By Application
- OEM
- Aftermarket
By Component
- Solid wheels
- Hollow wheels
- Composite wheels
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the rail wheel market covers the following areas:
- Rail Wheel Market sizing
- Rail Wheel Market forecast
- Rail Wheel Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Market Segmentation by Component
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global rail wheel market: ALSTOM SA, Amsted Rail Company Inc., ArcelorMittal, Bharat Forge Ltd., Bochumer Verein Verkehrstechnik GmbH, BONATRANS GROUP a. s, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., CRRC Corp. Ltd., EVRAZ Plc, Georgsmarienhutte Holding GmbH, JIANGSU RAILTECO EQUIPMENT CO. LTD., Kolowag, Lucchini RS Group, Molycop, Nippon Steel Corp., Qingdao TSKY Railway Equipment Co. Ltd., Ramkrishna Forgings Ltd., Steel Authority of India Ltd., Taiyuan Heavy Industry Co. Ltd., and United Metallurgical Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increased government funding and public-private partnerships (PPPs)."
According to the report, one of the major drivers for this market is the growing rail passenger traffic.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ALSTOM SA
- Amsted Rail Company Inc.
- ArcelorMittal
- Bharat Forge Ltd.
- Bochumer Verein Verkehrstechnik GmbH
- BONATRANS GROUP a. s
- CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
- CRRC Corp. Ltd.
- EVRAZ Plc
- Georgsmarienhutte Holding GmbH
- JIANGSU RAILTECO EQUIPMENT CO. LTD.
- Kolowag
- Lucchini RS Group
- Molycop
- Nippon Steel Corp.
- Qingdao TSKY Railway Equipment Co. Ltd.
- Ramkrishna Forgings Ltd.
- Steel Authority of India Ltd.
- Taiyuan Heavy Industry Co. Ltd.
- United Metallurgical Co.
