PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1181096
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1181096
Asia-Pacific Railway Maintenance Machinery Market, By Product Type ; By Application ; By Sales Type ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Asia-Pacific Railway Maintenance Machinery Market Expands at Steady CAGR of 8.4% During 2023-2029
Asia-Pacific railway maintenance machinery market is flourishing because of governments' increasing investments in railway infrastructure, a surging demand for reliable and stable railway systems, and a focus to reduce the rising instances of railway accidents.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Asia-Pacific railway maintenance machinery market size to grow at a steady CAGR of 8.4% during the forecast period between 2023 and 2029. Major factors for the expansion of Asia-Pacific railway maintenance machinery market include improvements in railway infrastructure, particularly in developing nations and increasing governments investment in repairing existing railway tracks to give a secure, safe, and efficient travel experience to the people. The increasing number of incidents and train derailments is propelling market expansion. Maintenance work on a regular basis assist in avoiding such incidents and reduce the loss of life and property damage. Maintenance work on a regular basis assist in avoiding such incidents and reduce the loss of life and property. In accordance with this, the increased use of electric trains in favor of gasoline-powered trains is spurring demand for railway maintenance equipment. Other factors, such as increasing urbanization and the implementation of favorable government regulations, are expected to propel the market forward. However, decline in machinery manufacturing amid COVID-19 and high machinery cost are anticipated to limit the growth of Asia-Pacific Railway Maintenance machinery market during the period in analysis.
Asia-Pacific Railway Maintenance Machinery Market - Overview
Railway maintenance is the procedure of keeping a railroad track operational. In railway maintenance, tampers, ballast regulators, dynamic track stabilizers, ballast cleaners, and ballast under cutters are utilized. They are primarily utilized inspecting, repairing, and maintaining railway rails to ensure smooth operation and extended operational life. They are also used to maintain the vertical and horizontal alignment of railway lines mechanically. The equipment can be employed on both ballast and non-ballast tracks to elevate the sleeper and pack the ballast, preventing abrasion, distortion, geometry change, and damage to various track components.
Asia-Pacific Railway Maintenance Machinery Market - Opportunity
Numerous manufacturers of railway maintenance equipment are integrating internet connectivity and the internet of things into their products. The equipment are more technologically advanced than conventional railway maintenance machines. An approach based on the Internet of Things (IoT) assists the railway industry in reducing downtime and completing more work. Using IoT technologies aids in tracking. Rail infrastructure and IoT technology have also been improved to make railway systems work more efficiently.
Asia-Pacific Railway Maintenance Machinery Market - By Product Type
Based on product type, Asia-Pacific railway maintenance machinery market is divided into Machinery Tamping Machine, Stabilizing Machinery, Rail Handling Machinery, and Ballast Cleaning Machine segments. The machinery tamping machine segment held the highest market share and is expected to continue leading the market during the period in analysis. Tamping machines are employed for railway and road maintenance. It is used to load track ballast beneath railway tracks. Tamping machines are economical because they work faster, reduce time and track maintenance costs, and boost track speed. The ballast cleaning machine holds the second highest market share. A ballast cleaning machine is used to remove debris and filth from the rails. The ballast cleaning equipment is utilized for railway road line projects such as switches, crossings, and plain tracks. The growing interest in installing multiple diesel-electric units and electric-powered diesel locomotives is likely to boost market growth. Several leading companies sell high-quality ballast cleaning machines.
Impact of COVID-19 on Asia-Pacific Railway Maintenance Machinery Market
COVID-19 had a detrimental effect on Asia-Pacific Railway maintenance machinery market because of the imposition of severe regulatory demands enforced by governments around the world especially across the Asia-Pacific region. The government imposes strong social distancing regulations to considerably slow the spread of the virus during the pandemic. There was a prohibition on all modes of transportation, including buses, trains, and flights, which hampered market growth. All freight and logistical services were ceased, which reduced track maintenance. However, the market is likely to recover as travel restrictions are relaxed and investment in better train infrastructure increases.
Competitive Landscape
Asia-Pacific railway maintenance machinery market is fiercely competitive. Major companies in the market include China Railway Construction Corporation Limited, CREC, system7 rail holding GmbH, MER MEC S.p.A., Fluor Corporation, Beijing YHD Railway Equipment, TOKYO KEIKI, NINGENMURA COMPANY, Plasser India, SAMPYO GROUP, YUJIN Rollingstock Ltd., and Maquivias. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Railway Maintenance Machinery Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Railway Maintenance Machinery Market and industry insights to help decision-makers make sound strategic decisions. the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Railway Maintenance Machinery Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising government investment on railway infrastructure
- 3.2.1.2. Surging demand for reliable and stable railway systems
- 3.2.1.3. Rising instances of railway accidents
- 3.2.2. Restraints
- 3.2.2.1. Decline in machinery manufacturing amid COVID-19
- 3.2.3. Opportunities
- 3.2.3.1. Increasing adoption of internet of things (IOT) in railway maintenance
- 3.2.3.2. Rapid urbanization
- 3.2.4. Challenges
- 3.2.4.1. Counterfeit products
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Asia-Pacific Railway Maintenance Machinery Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Machinery Tamping Machine
- 4.2.1.2. Stabilizing Machinery
- 4.2.1.3. Rail Handling Machinery
- 4.2.1.4. Ballast Cleaning Machine
- 4.2.1.5. Others
- 4.2.2. By Application
- 4.2.2.1. Ballast Track
- 4.2.2.2. Non-ballast Track
- 4.2.3. By Sales Type
- 4.2.3.1. New Sales
- 4.2.3.2. Aftermarket Sales
- 4.2.4. By Country
- 4.2.4.1. China
- 4.2.4.2. India
- 4.2.4.3. Japan
- 4.2.4.4. South Korea
- 4.2.4.5. Australia & New Zealand
- 4.2.4.6. Indonesia
- 4.2.4.7. Malaysia
- 4.2.4.8. Singapore
- 4.2.4.9. Philippines
- 4.2.4.10. Vietnam
- 4.2.4.11. Rest of Asia Pacific
- 4.2.1. By Product Type
5. China Railway Maintenance Machinery Market
- 5.1.1. Market Size & Forecast, 2019-2029
- 5.1.2. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Application
- 5.2.3. By Sales Type
6. India Railway Maintenance Machinery Market
- 6.1.1. Market Size & Forecast, 2019-2029
- 6.1.2. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
- 6.2.3. By Sales Type
7. Japan Railway Maintenance Machinery Market
- 7.1.1. Market Size & Forecast, 2019-2029
- 7.1.2. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
- 7.2.3. By Sales Type
8. South Korea Railway Maintenance Machinery Market
- 8.1.1. Market Size & Forecast, 2019-2029
- 8.1.2. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
- 8.2.3. By Sales Type
9. Australia & New Zealand Railway Maintenance Machinery Market
- 9.1.1. Market Size & Forecast, 2019-2029
- 9.1.2. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Application
- 9.2.3. By Sales Type
10. Indonesia Railway Maintenance Machinery Market
- 10.1.1. Market Size & Forecast, 2019-2029
- 10.1.2. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Application
- 10.2.3. By Sales Type
11. Malaysia Railway Maintenance Machinery Market
- 11.1.1. Market Size & Forecast, 2019-2029
- 11.1.2. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product Type
- 11.2.2. By Application
- 11.2.3. By Sales Type
12. Singapore Railway Maintenance Machinery Market
- 12.1.1. Market Size & Forecast, 2019-2029
- 12.1.2. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product Type
- 12.2.2. By Application
- 12.2.3. By Sales Type
13. Philippines Railway Maintenance Machinery Market
- 13.1.1. Market Size & Forecast, 2019-2029
- 13.1.2. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Product Type
- 13.2.2. By Application
- 13.2.3. By Sales Type
14. Vietnam Railway Maintenance Machinery Market
- 14.1.1. Market Size & Forecast, 2019-2029
- 14.1.2. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Product Type
- 14.2.2. By Application
- 14.2.3. By Sales Type
15. Rest of Asia-Pacific Railway Maintenance Machinery Market
- 15.1.1. Market Size & Forecast, 2019-2029
- 15.1.2. By Value (USD Billion)
- 15.2. Market Share & Forecast
- 15.2.1. By Product Type
- 15.2.2. By Application
- 15.2.3. By Sales Type
16. Competitive Landscape
- 16.1. List of Key Players and Their Offerings
- 16.2. GCC Railway Maintenance Machinery Company Market Share Analysis, 2021
- 16.3. Competitive Benchmarking, By Operating Parameters
- 16.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
17. Impact of Covid-19 on Asia-Pacific Railway Maintenance Machinery Market
18. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
- 18.1. China Railway Construction Corporation Limited
- 18.2. CREC
- 18.3. system7 rail holding GmbH
- 18.4. MER MEC S.p.A.
- 18.5. Fluor Corporation
- 18.6. Beijing YHD Railway Equipment
- 18.7. TOKYO KEIKI
- 18.8. NINGENMURA COMPANY
- 18.9. Plasser India
- 18.10. SAMPYO GROUP
- 18.11. YUJIN Rollingstock Ltd.
- 18.12. Maquivias
- 18.13. Other Prominent Players
19. Key Strategic Recommendations
20. Research Methodology
- 20.1. Qualitative Research
- 20.1.1. Primary & Secondary Research
- 20.2. Quantitative Research
- 20.3. Market Breakdown & Data Triangulation
- 20.3.1. Secondary Research
- 20.3.2. Primary Research
- 20.4. Breakdown of Primary Research Respondents, By Region
- 20.5. Assumptions & Limitations
*Financial in Sales operating of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Asia-Pacific Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 2 Asia-Pacific Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 3 Asia-Pacific Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 4 Asia-Pacific Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 5 Asia-Pacific Railway Maintenance Machinery Market Share, By Country, By Value, 2019-2029
- Figure 6 China Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 7 China Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 8 China Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 9 China Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 10 India Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 11 India Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 12 India Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 13 India Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 14 Japan Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 15 Japan Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 16 Japan Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 17 Japan Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 18 South Korea Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 19 South Korea Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 20 South Korea Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 21 South Korea Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 22 Australia & New Zealand Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 23 Australia & New Zealand Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 24 Australia & New Zealand Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 25 Australia & New Zealand Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 26 Indonesia Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 27 Indonesia Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 28 Indonesia Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 29 Indonesia Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 30 Malaysia Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 31 Malaysia Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 32 Malaysia Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 33 Malaysia Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 34 Singapore Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 35 Singapore Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 36 Singapore Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 37 Singapore Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 38 Philippines Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 39 Philippines Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 40 Philippines Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 41 Philippines Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 42 Vietnam Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 43 Vietnam Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 44 Vietnam Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 45 Vietnam Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
- Figure 46 Rest of APAC Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Figure 47 Rest of APAC Railway Maintenance Machinery Market Share, By Product Type, By Value, 2019-2029
- Figure 48 Rest of APAC Railway Maintenance Machinery Market Share, By Application, By Value, 2019-2029
- Figure 49 Rest of APAC Railway Maintenance Machinery Market Share, By Sales Type, By Value, 2019-2029
List of Tables
- Table 1 Asia-Pacific Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 2 Asia-Pacific Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 3 Asia-Pacific Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 4 Asia-Pacific Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 5 Asia-Pacific Railway Maintenance Machinery Market Size, By Country, By Value, 2019-2029
- Table 6 China Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 7 China Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 8 China Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 9 China Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 10 India Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 11 India Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 12 India Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 13 India Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 14 Japan Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 15 Japan Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 16 Japan Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 17 Japan Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 18 South Korea Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 19 South Korea Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 20 South Korea Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 21 South Korea Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 22 Australia & New Zealand Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 23 Australia & New Zealand Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 24 Australia & New Zealand Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 25 Australia & New Zealand Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 26 Indonesia Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 27 Indonesia Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 28 Indonesia Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 29 Indonesia Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 30 Malaysia Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 31 Malaysia Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 32 Malaysia Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 33 Malaysia Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 34 Singapore Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 35 Singapore Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 36 Singapore Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 37 Singapore Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 38 Philippines Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 39 Philippines Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 40 Philippines Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 41 Philippines Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 42 Vietnam Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 43 Vietnam Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 44 Vietnam Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 45 Vietnam Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 46 Rest of APAC Railway Maintenance Machinery Market Size, By Value (USD Million), 2019-2029
- Table 47 Rest of APAC Railway Maintenance Machinery Market Size, By Product Type, By Value, 2019-2029
- Table 48 Rest of APAC Railway Maintenance Machinery Market Size, By Application, By Value, 2019-2029
- Table 49 Rest of APAC Railway Maintenance Machinery Market Size, By Sales Type, By Value, 2019-2029
- Table 50 China Railway Construction Corporation Limited Company Overview
- Table 51 China Railway Construction Corporation Limited Financial Overview
- Table 52 CREC Company Overview
- Table 53 CREC Financial Overview
- Table 54 system7 rail holding GmbH Company Overview
- Table 55 system7 rail holding GmbH Financial Overview
- Table 56 MER MEC S.p.A. Company Overview
- Table 57 MER MEC S.p.A. Financial Overview
- Table 58 Fluor Corporation Company Overview
- Table 59 Fluor Corporation Financial Overview
- Table 60 Beijing YHD Railway Equipment Company Overview
- Table 61 Beijing YHD Railway Equipment Financial Overview
- Table 62 TOKYO KEIKI Company Overview
- Table 63 TOKYO KEIKI Financial Overview
- Table 64 NINGENMURA COMPANY Company Overview
- Table 65 NINGENMURA COMPANY Financial Overview
- Table 66 Plasser India Company Overview
- Table 67 Plasser India Financial Overview
- Table 68 SAMPYO GROUP Company Overview
- Table 69 SAMPYO GROUP Financial Overview
- Table 70 YUJIN Rollingstock Ltd. Company Overview
- Table 71 YUJIN Rollingstock Ltd. Financial Overview
- Table 72 Maquivias Company Overview
- Table 73 Maquivias Financial Overview
