Global Railway Axle Market Size study & Forecast, by Product (Hollow Axle, Roller Axle, Others), by Distribution channel (Locomotives, High Speed, Wagons) and Regional Analysis, 2022-2029

PUBLISHED: April 24, 2023

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Global Railway Axle Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Rail axles are one of the most critical safety components in railway vehicles. Axles are used to transfer the vehicle body's vertical load to the wheels. These axles are linked to a coach, and each coach has two axles, one at the front end and one at the back end. The Railway Axle Market is expanding because of factors such as growing demand for fuel-efficient products and lightweight materials to be used in autonomous driving trains.

Increasing traffic causes high emissions, which contribute to an increase in greenhouse gases and global warming. Various governments throughout the world are concentrating on reducing rising traffic pollution. According to Statista, by 2070, the global hydrogen demand is expected to exceed 500 million metric tonnes. The transportation sector is predicted to become the largest user of hydrogen as governments and automakers shift away from traditional combustion engines. The sector is expected to consume 158.2 million metric tons of hydrogen. In the railway industry, dual-mode and hydrogen-powered engines are in high demand. For instance, in March 2020, CZ Loko announced the production of three sophisticated hybrid locomotives: the DualLiner 2000, the EffiLiner 2000, and the DualShunter 2000. These upgraded locomotives are scheduled to enter service in 2023. All three locomotives are based on the HybridShunter 400, which is powered by batteries and features a CAT C4.4 backup diesel engine with a power output of 130kW. Also, the rising environmental concerns and upgrading train infrastructure will provide lucrative growth opportunities for the market during the forecast period. However, the high cost of maintenance hampers market growth during the forecast period of 2022-2029.

The key regions considered for the Global Railway Axle Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to rising urbanization, rising disposable income, and industrial expansion. The existence of key players in the Asia Pacific region is expected to support market growth in the area. Companies are making strategic investments to improve their capabilities. Due to their sales and manufacturing criteria, the presence of railway wheel and axle manufacturers in Asia Pacific countries creates industry development potential. North America is expected to grow with the highest CAGR during the forecast period, owing to the availability of advanced railway networks connecting countries. The railway has installed powerful trackside detectors to detect minute flaws in the equipment while the train is moving at full speed. With such innovative technologies, the railway network is projected to remain profitable and with low maintenance costs. Furthermore, this factor is fueling the growth of the railway wheel market.

Major market players included in this report are:

Amsted Rail Company, Inc. (Chicago, United States)
Caf Usa, Inc. (New York, United States)
Bombardier Inc. (Montreal, Canada)
Crrc Corporation Limited (Beijing, China)
Kolowag Ad (Septemvri, Bulgaria)
Bonatrans Group A.S. (Bohumin, Czech Republic)
Nippon Steel & Sumitomo Metal Corporation (Tokyo, Japan)
Bharat Forge Ltd. (Pune, India)
Veltrup Technik Philippines (Manila, Philippines)
Arcelormittal A.S. (Luxembourg)

Recent Developments in the Market:

In November 2020, Bombardier Sifang Transportation Co., Ltd. (BST), a Chinese joint venture of Bombardier Transportation, signs a contract with China National Railway Group Co., Ltd. to offer 112 CR300AF- a new Chinese standard high-speed train based on China's growing high-speed rail network. These vehicles will be arranged into trainsets with a top speed of 250 km/h.

Global Railway Axle Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Distribution channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Product:

Hollow Axle
Roller Axle
Others

By Distribution channel:

Locomotives
High Speed
Wagons

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
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Railway Axle Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Railway Axle Market, by Product, 2019-2029 (USD Million)
- 1.2.3. Railway Axle Market, by Distribution channel, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Railway Axle 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 Railway Axle Market Dynamics

3.1. Railway Axle Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing Demand for Fuel-Efficient Products
  - 3.1.1.2. Lightweight Materials to be used in Autonomous Driving Trains
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of maintenance
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising Environmental Concerns
  - 3.1.3.2. Upgrading train infrastructure

Chapter 4. Global Railway Axle 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
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Railway Axle Market, by Product

6.1. Market Snapshot
6.2. Global Railway Axle Market by Product, Performance - Potential Analysis
6.3. Global Railway Axle Market Estimates & Forecasts by Product 2019-2029 (USD Million)
6.4. Railway Axle Market, Sub Segment Analysis
- 6.4.1. Hollow Axle
- 6.4.2. Roller Axle
- 6.4.3. Others

Chapter 7. Global Railway Axle Market, by Distribution channel

7.1. Market Snapshot
7.2. Global Railway Axle Market by Distribution channel, Performance - Potential Analysis
7.3. Global Railway Axle Market Estimates & Forecasts by Distribution channel 2019-2029 (USD Million)
7.4. Railway Axle Market, Sub Segment Analysis
- 7.4.1. Locomotives
- 7.4.2. High Speed
- 7.4.3. Wagons

Chapter 8. Global Railway Axle Market, Regional Analysis

8.1. Railway Axle Market, Regional Market Snapshot
8.2. North America Railway Axle Market
- 8.2.1. U.S. Railway Axle Market
  - 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. Distribution channel breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Railway Axle Market
8.3. Europe Railway Axle Market Snapshot
- 8.3.1. U.K. Railway Axle Market
- 8.3.2. Germany Railway Axle Market
- 8.3.3. France Railway Axle Market
- 8.3.4. Spain Railway Axle Market
- 8.3.5. Italy Railway Axle Market
- 8.3.6. Rest of Europe Railway Axle Market
8.4. Asia-Pacific Railway Axle Market Snapshot
- 8.4.1. China Railway Axle Market
- 8.4.2. India Railway Axle Market
- 8.4.3. Japan Railway Axle Market
- 8.4.4. Australia Railway Axle Market
- 8.4.5. South Korea Railway Axle Market
- 8.4.6. Rest of Asia Pacific Railway Axle Market
8.5. Latin America Railway Axle Market Snapshot
- 8.5.1. Brazil Railway Axle Market
- 8.5.2. Mexico Railway Axle Market
- 8.5.3. Rest of Latin America Railway Axle Market
8.6. Rest of The World Railway Axle Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Amsted Rail Company, Inc. (Chicago, United States)
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Caf Usa, Inc. (New York, United States)
- 9.2.3. Bombardier Inc. (Montreal, Canada)
- 9.2.4. Crrc Corporation Limited (Beijing, China)
- 9.2.5. Kolowag Ad (Septemvri, Bulgaria)
- 9.2.6. Bonatrans Group A.S. (Bohumin, Czech Republic)
- 9.2.7. Nippon Steel & Sumitomo Metal Corporation (Tokyo, Japan)
- 9.2.8. Bharat Forge Ltd. (Pune, India)
- 9.2.9. Veltrup Technik Philippines (Manila, Philippines)
- 9.2.10. Arcelormittal A.S. (Luxembourg)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Railway Axle Market, report scope
TABLE 2. Global Railway Axle Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Railway Axle Market estimates & forecasts by Product 2019-2029 (USD Million)
TABLE 4. Global Railway Axle Market estimates & forecasts by Distribution channel 2019-2029 (USD Million)
TABLE 5. Global Railway Axle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 6. Global Railway Axle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Railway Axle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Railway Axle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Railway Axle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Railway Axle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Railway Axle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Railway Axle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Railway Axle Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Railway Axle Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. U.S. Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 17. U.S. Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. Canada Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 19. Canada Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. Canada Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. UK Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 22. UK Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. UK Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. Germany Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 25. Germany Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. Germany Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. France Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 28. France Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. France Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. Italy Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 31. Italy Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. Italy Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Spain Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 34. Spain Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Spain Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. RoE Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 37. RoE Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. RoE Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. China Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 40. China Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. China Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. India Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 43. India Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. India Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. Japan Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 46. Japan Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. Japan Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. South Korea Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 49. South Korea Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. South Korea Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. Australia Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 52. Australia Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. Australia Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. RoAPAC Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 55. RoAPAC Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. RoAPAC Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. Brazil Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 58. Brazil Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. Brazil Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Mexico Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 61. Mexico Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Mexico Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. RoLA Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 64. RoLA Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. RoLA Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. Row Railway Axle Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 67. Row Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. Row Railway Axle Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Railway Axle Market
TABLE 70. List of primary sources, used in the study of global Railway Axle Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered