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Market Research Report

Global Rail Wheel Market Size study, by Wheel Type (Monoblock Wheels, Resilient Wheels, Rubber Tired Wheels, Steel Tired Wheels, and Other Special Wheels), By Axle (Hollow Axles and Solid Axles), and Regional Forecasts 2021-2027

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Global Rail Wheel Market Size study, by Wheel Type (Monoblock Wheels, Resilient Wheels, Rubber Tired Wheels, Steel Tired Wheels, and Other Special Wheels), By Axle (Hollow Axles and Solid Axles), and Regional Forecasts 2021-2027
Published: June 5, 2021 Content info:
Description

Global Rail Wheel Market is valued approximately USD 4.2 billion in 2020 and is anticipated to grow with a growth rate slump by -7.1 % over the forecast period 2021-2027. A rail wheel is a sort of wheel specially intended for use on rail line tracks. The wheel goes about as a moving part, ordinarily pushed onto a hub and mounted straightforwardly on a railroad carriage or train. Increase in new railway projects and consequent rise in locomotive and bogie production coupled with rise in rail passenger and freight traffic translates into market growth. With the world in a lofty downturn at - 4.9% GDP, buyer interest and assembling stays quieted slaughtering all expectations of a fast bounce back in exchange, coordination's and transport. Likewise, traveler rail transport administrations have additionally been seriously affected with all unimportant itinerary items put on pause. Reduced rail traffic numbers is a repeating theme cutting across nations around the world. Lockdowns and highway limitations have intruded on rail development. Also, lack of IoT infrastructure in developed and developing countries impedes the growth of the market over the forecast period of 2021-2027. Also, growing electrification of rail lines in developing economies is likely to increase the market growth during the forecast period.

The regional analysis of global rail wheels market is considered for the key regions including Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the world as far as portion of the overall industry concluded from the progression and development of rail wheels combined with the well stablished foundation. Whereas, Asia Pacific is anticipated to showcase the highest CAGR over the forecast period. Factors such as advancements in connectivity and improvement in dynamics would create lucrative growth prospects for the Rail Wheel market across Asia-Pacific region.

Major market player included in this report are:

Amsted Rail

ArcelorMittal SA

Bharat Forge Limited

Bombardier, Inc.

Bonatrans Group A.S.

CAF USA Inc.

Comsteel

CRRC Sifang Co., Ltd.

Kolowag

Lucchini RS SpA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Wheel Type

Monoblock Wheels,

Resilient Wheels,

Rubber Tired Wheels,

Steel Tired Wheels,

Other Special Wheels

By Axle

Hollow Axles

Solid Axles

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global Rail Wheel Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1.Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Rail Wheel Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Rail Wheel Market, by Wheel type, 2019-2027 (USD Billion)
    • 1.2.3. Rail Wheel Market, by Axle, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Rail Wheel Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Rail Wheel Market Dynamics

  • 3.1. Rail Wheel Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increase in new railway projects and consequent rise in locomotive and bogie production
      • 3.1.1.2. Rise in rail passenger and freight traffic translates into market growth
    • 3.1.2. Market Challenges
      • 3.1.2.1. High initial investment required.
      • 3.1.2.2. Travelling restrictions due to COVID-19
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Growing electrification of rail lines

Chapter 4. Global Rail Wheel Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Rail Wheel Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Rail Wheel Market by type, Performance - Potential Analysis
  • 5.3. Global Rail Wheel Market Estimates & Forecasts by type 2018-2027 (USD Billion)
  • 5.4. Rail Wheel Market, Sub Segment Analysis
    • 5.4.1. Monoblock Wheels,
    • 5.4.2. Resilient Wheels,
    • 5.4.3. Rubber Tired Wheels,
    • 5.4.4. Steel Tired Wheels,
    • 5.4.5. Other Special Wheels

Chapter 6. Global Rail Wheel Market, by Axle

  • 6.1. Market Snapshot
  • 6.2. Global Rail Wheel Market by axle, Performance - Potential Analysis
  • 6.3. Global Rail Wheel Market Estimates & Forecasts by axle 2018-2027 (USD Billion)
  • 6.4. Rail Wheel Market, Sub Segment Analysis
    • 6.4.1. Hollow Axles
    • 6.4.2. Solid Axles

Chapter 7. Global Rail Wheel Market, Regional Analysis

  • 7.1. Rail Wheel Market, Regional Market Snapshot
  • 7.2. North America Rail Wheel Market
    • 7.2.1. U.S. Rail Wheel Market
      • 7.2.1.1. Type breakdown estimates & forecasts, 2018-2027
      • 7.2.1.2. Axle breakdown estimates & forecasts, 2018-2027
    • 7.2.2. Canada Rail Wheel Market
  • 7.3. Europe Rail Wheel Market Snapshot
    • 7.3.1. U.K. Rail Wheel Market
    • 7.3.2. Germany Rail Wheel Market
    • 7.3.3. France Rail Wheel Market
    • 7.3.4. Spain Rail Wheel Market
    • 7.3.5. Italy Rail Wheel Market
    • 7.3.6. Rest of Europe Rail Wheel Market
  • 7.4. Asia-Pacific Rail Wheel Market Snapshot
    • 7.4.1. China Rail Wheel Market
    • 7.4.2. India Rail Wheel Market
    • 7.4.3. Japan Rail Wheel Market
    • 7.4.4. Australia Rail Wheel Market
    • 7.4.5. South Korea Rail Wheel Market
    • 7.4.6. Rest of Asia Pacific Rail Wheel Market
  • 7.5. Latin America Rail Wheel Market Snapshot
    • 7.5.1. Brazil Rail Wheel Market
    • 7.5.2. Mexico Rail Wheel Market
  • 7.6. Rest of The World Rail Wheel Market

Chapter 8. Competitive Intelligence

  • 8.1. Top Market Strategies
  • 8.2. Company Profiles
    • 8.2.1. Amsted Rail
      • 8.2.1.1. Key Information
      • 8.2.1.2. Overview
      • 8.2.1.3. Financial (Subject to Data Availability)
      • 8.2.1.4. Product Summary
      • 8.2.1.5. Recent Developments
    • 8.2.2. ArcelorMittal SA
    • 8.2.3. Bharat Forge Limited
    • 8.2.4. Bombardier, Inc.
    • 8.2.5. Bonatrans Group A.S.
    • 8.2.6. CAF USA Inc.
    • 8.2.7. Comsteel
    • 8.2.8. CRRC Sifang Co., Ltd.
    • 8.2.9. Kolowag
    • 8.2.10. Lucchini RS SpA

Chapter 9. Research Process

  • 9.1. Research Process
    • 9.1.1. Data Mining
    • 9.1.2. Analysis
    • 9.1.3. Market Estimation
    • 9.1.4. Validation
    • 9.1.5. Publishing
  • 9.2. Research Attributes
  • 9.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Rail Wheel market, report scope
  • TABLE 2. Global Rail Wheel market estimates & forecasts by Region 2018-2027 (USD Billion)
  • TABLE 3. Global Rail Wheel market estimates & forecasts by Service 2018-2027 (USD Billion)
  • TABLE 4. Global Rail Wheel market estimates & forecasts by Ownership 2018-2027 (USD Billion)
  • TABLE 5. Global Rail Wheel market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 6. Global Rail Wheel market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Rail Wheel market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Rail Wheel market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Rail Wheel market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Rail Wheel market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Rail Wheel market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Rail Wheel market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Rail Wheel market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Rail Wheel market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. U.S. Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. U.S. Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 17. U.S. Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. Canada Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Canada Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 20. Canada Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. UK Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. UK Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. UK Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. Germany Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 25. Germany Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. Germany Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. RoE Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 28. RoE Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. RoE Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. China Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 31. China Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. China Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. India Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 34. India Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. India Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. Japan Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 37. Japan Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Japan Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. RoAPAC Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 40. RoAPAC Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. Brazil Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 43. Brazil Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. Brazil Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. Mexico Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 46. Mexico Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. Mexico Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. RoLA Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 49. RoLA Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. RoLA Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. Row Rail Wheel market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 52. Row Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Row Rail Wheel market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. List of secondary sources, used in the study of global Rail Wheel market
  • TABLE 55. List of primary sources, used in the study of global Rail Wheel market
  • TABLE 56. Years considered for the study
  • TABLE 57. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Rail Wheel market, research methodology
  • FIG 2. Global Rail Wheel market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Rail Wheel market, key trends 2020
  • FIG 5. Global Rail Wheel market, growth prospects 2021-2027
  • FIG 6. Global Rail Wheel market, porters 5 force model
  • FIG 7. Global Rail Wheel market, pest analysis
  • FIG 8. Global Rail Wheel market, value chain analysis
  • FIG 9. Global Rail Wheel market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Rail Wheel market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Rail Wheel market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Rail Wheel market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Rail Wheel market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Rail Wheel market, regional snapshot 2018 & 2027
  • FIG 15. North America Rail Wheel market 2018 & 2027 (USD Billion)
  • FIG 16. Europe Rail Wheel market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific Rail Wheel market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America Rail Wheel market 2018 & 2027 (USD Billion)
  • FIG 19. Global Rail Wheel market, company market share analysis (2020)
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