Railroad

PUBLISHER: 360iResearch | PRODUCT CODE: 1381609

PUBLISHER: 360iResearch | PRODUCT CODE: 1381609

Rail Wheel & Axle Market by Type (Axle Type, Wheel Type), Application (Freight Wagon, Passenger Car/Coach), Distribution Channel, End-Use - Global Forecast 2023-2030

PUBLISHED: October 16, 2023

PAGES: 184 Pages

DELIVERY TIME: 1-2 business days

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The Rail Wheel & Axle Market is projected to reach USD 6.90 billion by 2030 from USD 4.44 billion in 2022, at a CAGR of 5.65% during the forecast period.

Global Rail Wheel & Axle Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 4.44 billion
Estimated Year Value [2023]	USD 4.66 billion
Forecast Year Value [2030]	USD 6.90 billion
CAGR (%)	5.65%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Rail Wheel & Axle Market.

Based on Type, market is studied across Axle Type and Wheel Type. The Axle Type is further studied across Hollow Axle and Solid Axle. The Wheel Type is further studied across Metal Tyred Wheel and Rubber Tyred Wheel. The Wheel Type is projected to witness significant market share during forecast period.

Based on Application, market is studied across Freight Wagon and Passenger Car/Coach. The Passenger Car/Coach is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Aftermarket and OEMs. The Aftermarket is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Elevated Railways, Surface Railways, and Underground Railways. The Surface Railways is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.43% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Rail Wheel & Axle Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Rail Wheel & Axle Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Rail Wheel & Axle Market, highlighting leading vendors and their innovative profiles. These include Amsted Industries Incorporated, ArcelorMittal S.A., BBM Railway Equipment, LLC, Bharat Forge Limited, BONATRANS GROUP a. s., Comsteel, Construcciones y Auxiliar de Ferrocarriles, S.A., CRRC Corporation Limited, DANOBAT GROUP S. Coop., Jiangsu Tedrail Industrial Co., Ltd., Jindal Steel & Power Limited, LIBERTY Steel Group, Lucchini RS S.p.A., Maanshan Iron & Steel Co., Ltd., NILES-SIMMONS-HEGENSCHEIDT GmbH, Nippon Steel Corporation, OMK, Royal Mech Industries, and Semco India Pvt. Ltd..

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Rail Wheel & Axle Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Rail Wheel & Axle Market?

3. What is the competitive strategic window for identifying opportunities in the Rail Wheel & Axle Market?

4. What are the latest technology trends and regulatory frameworks in the Rail Wheel & Axle Market?

5. What is the market share of the leading vendors in the Rail Wheel & Axle Market?

6. Which modes and strategic moves are suitable for entering the Rail Wheel & Axle Market?

Product Code: MRR-02026C4CA8B6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Rail Wheel & Axle Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising investments in upgrading existing rail networks and constructing new ones
  - 5.1.1.2. Government initiatives to promote usage of eco-friendly transportation modes
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating prices of raw materials associated with wheels & axles
- 5.1.3. Opportunities
  - 5.1.3.1. Rising development of lightweight materials for wheels & axles
  - 5.1.3.2. Rising inclination toward customized solutions catering to specific regions and client requirements
- 5.1.4. Challenges
  - 5.1.4.1. Certain corrosion issues with rail wheels & axles
5.2. Market Segmentation Analysis
- 5.2.1. Type: Proliferated use of rubber wheels in urban transit systems
- 5.2.2. End-Use: Increased usage of wheels & axles in elevated railways
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Rail Wheel & Axle Market, by Type

6.1. Introduction
6.2. Axle Type
- 6.3.1. Hollow Axle
- 6.3.2. Solid Axle
6.3. Wheel Type
- 6.4.1. Metal Tyred Wheel
- 6.4.2. Rubber Tyred Wheel

7. Rail Wheel & Axle Market, by Application

7.1. Introduction
7.2. Freight Wagon
7.3. Passenger Car/Coach

8. Rail Wheel & Axle Market, by Distribution Channel

8.1. Introduction
8.2. Aftermarket
8.3. OEMs

9. Rail Wheel & Axle Market, by End-Use

9.1. Introduction
9.2. Elevated Railways
9.3. Surface Railways
9.4. Underground Railways

10. Americas Rail Wheel & Axle Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Rail Wheel & Axle Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Rail Wheel & Axle Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Award, Recognition, & Expansion
  - 13.3.1.1. Rail Wheel Plant Bags Over Rs 258 Crore Order To Manufacture 24,000 Wheels For Concor
  - 13.3.1.2. Karnataka's Rail Wheel Factory to open new axle Forging Line shortly
  - 13.3.1.3. Jindal Steel to build rail wheel manufacturing unit in India

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Amsted Industries Incorporated
- 14.1.2. ArcelorMittal S.A.
- 14.1.3. BBM Railway Equipment, LLC
- 14.1.4. Bharat Forge Limited
- 14.1.5. BONATRANS GROUP a. s.
- 14.1.6. Comsteel
- 14.1.7. Construcciones y Auxiliar de Ferrocarriles, S.A.
- 14.1.8. CRRC Corporation Limited
- 14.1.9. DANOBAT GROUP S. Coop.
- 14.1.10. Jiangsu Tedrail Industrial Co., Ltd.
- 14.1.11. Jindal Steel & Power Limited
- 14.1.12. LIBERTY Steel Group
- 14.1.13. Lucchini RS S.p.A.
- 14.1.14. Maanshan Iron & Steel Co., Ltd.
- 14.1.15. NILES-SIMMONS-HEGENSCHEIDT GmbH
- 14.1.16. Nippon Steel Corporation
- 14.1.17. OMK
- 14.1.18. Royal Mech Industries
- 14.1.19. Semco India Pvt. Ltd.
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing