Railway Maintenance Machinery Market: North America held 42% in 2022, Ballast tracks segment to grow at the highest rate - Technavio

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- The railway maintenance machinery market size is estimated to grow by USD 1,442.03 million. The growth momentum of the market will accelerate at a CAGR of 6.4% during the forecast period, according to Technavio. North America held 42% of the global railway maintenance machinery market growth in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The need for carrying out upgrades and maintenance work on the existing railway networks will facilitate the railway maintenance machinery market growth in North America over the forecast period.

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Railway Maintenance Machinery Market: Segmentation analysis

Technavio has segmented the railway maintenance machinery market based on application (ballast track and non-ballast track), product (work vehicles and small equipment), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.

• The ballast track segment will grow at the highest rate during the forecast period. Ballast tracks are the traditional type of railway tracks. They are generally composed of railway fasteners, steel rails, ballast beds, and railroad ties. Railway maintenance machinery helps in monitoring and maintaining ballast tracks and improving operational safety. It is used to carry out necessary tasks such as tamping and cleaning the ballast, removing and inserting ties, tightening rail bolts, excavating and replacing worn ballast, and aligning the ballast tracks.

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Key factors driving market growth

• The increasing number of railway electrification projects is driving the global railway maintenance machinery market growth.
• The number of railway electrification projects has increased, as electric trains are more economically viable and sustainable than fuel-powered trains.
• Moreover, electric engines enable a significant reduction in emissions and faster acceleration and deceleration of engines compared with diesel engines.
• In addition, governments of various countries are planning to increase the electrification of railways during the forecast period, with the rising environmental concerns and regulations.

Leading trends influencing the market

• The IoT-based remote monitoring of trains and tracks is a key trend in the market.
• The adoption of the Internet and IoT helps in increasing the operational efficiency of business processes.
• The components of a railway network should be managed effectively. This can be managed efficiently by adopting IoT technologies along with analytics.
• The applications of railway maintenance processes are estimated to increase for business process optimization.
• Such factors will support the growth of the market during the forecast period.

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Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the Report

What are the key data covered in this railway maintenance machinery market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the railway maintenance machinery market between 2023 and 2027
• Precise estimation of the size of the railway maintenance machinery market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the railway maintenance machinery market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of railway maintenance machinery market vendors

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Table of Content

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global railway maintenance machinery market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global railway maintenance machinery market 2017 - 2021 ($ million)

• 4.2 By Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ million)

• 4.3 By Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – By Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Ballast track - Market size and forecast 2022-2027
• Exhibit 34: Chart on Ballast track - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Ballast track - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Ballast track - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Ballast track - Year-over-year growth 2022-2027 (%)

• 6.4 Non-ballast track - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-ballast track - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-ballast track - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-ballast track - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-ballast track - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Work vehicles - Market size and forecast 2022-2027
• Exhibit 47: Chart on Work vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Work vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Work vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Work vehicles - Year-over-year growth 2022-2027 (%)

• 7.4 Small equipment - Market size and forecast 2022-2027
• Exhibit 51: Chart on Small equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Small equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Small equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Small equipment - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 55: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Alamo Group Inc. 
• Exhibit 108: Alamo Group Inc. - Overview
• Exhibit 109: Alamo Group Inc. - Business segments
• Exhibit 110: Alamo Group Inc. - Key offerings
• Exhibit 111: Alamo Group Inc. - Segment focus

• 12.4 American Equipment Co. 
• Exhibit 112: American Equipment Co. - Overview
• Exhibit 113: American Equipment Co. - Product / Service
• Exhibit 114: American Equipment Co. - Key offerings

• 12.5 BBM Railway equipment LLC 
• Exhibit 115: BBM Railway equipment LLC - Overview
• Exhibit 116: BBM Railway equipment LLC - Product / Service
• Exhibit 117: BBM Railway equipment LLC - Key offerings

• 12.6 China Railway Construction Corp. Ltd. 
• Exhibit 118: China Railway Construction Corp. Ltd. - Overview
• Exhibit 119: China Railway Construction Corp. Ltd. - Business segments
• Exhibit 120: China Railway Construction Corp. Ltd. - Key offerings
• Exhibit 121: China Railway Construction Corp. Ltd. - Segment focus

• 12.7 CRRC Corp. Ltd. 
• Exhibit 122: CRRC Corp. Ltd. - Overview
• Exhibit 123: CRRC Corp. Ltd. - Product / Service
• Exhibit 124: CRRC Corp. Ltd. - Key offerings

• 12.8 Dipsa Technes Srl 
• Exhibit 125: Dipsa Technes Srl - Overview
• Exhibit 126: Dipsa Technes Srl - Product / Service
• Exhibit 127: Dipsa Technes Srl - Key offerings

• 12.9 GEATECH Group Srl 
• Exhibit 128: GEATECH Group Srl - Overview
• Exhibit 129: GEATECH Group Srl - Product / Service
• Exhibit 130: GEATECH Group Srl - Key offerings

• 12.10 Harsco Corp. 
• Exhibit 131: Harsco Corp. - Overview
• Exhibit 132: Harsco Corp. - Business segments
• Exhibit 133: Harsco Corp. - Key news
• Exhibit 134: Harsco Corp. - Key offerings
• Exhibit 135: Harsco Corp. - Segment focus

• 12.11 Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd.
• Exhibit 136: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Overview
• Exhibit 137: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Product / Service
• Exhibit 138: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Key offerings

• 12.12 Loram Maintenance of Way Inc. 
• Exhibit 139: Loram Maintenance of Way Inc. - Overview
• Exhibit 140: Loram Maintenance of Way Inc. - Product / Service
• Exhibit 141: Loram Maintenance of Way Inc. - Key offerings

• 12.13 MATISA MATERIEL INDUSTRIEL SA 
• Exhibit 142: MATISA MATERIEL INDUSTRIEL SA - Overview
• Exhibit 143: MATISA MATERIEL INDUSTRIEL SA - Product / Service
• Exhibit 144: MATISA MATERIEL INDUSTRIEL SA - Key offerings

• 12.14 Pandrol SAS 
• Exhibit 145: Pandrol SAS - Overview
• Exhibit 146: Pandrol SAS - Product / Service
• Exhibit 147: Pandrol SAS - Key offerings

• 12.15 Plasser and Theurer Export von Bahnbaumaschinen GmbH 
• Exhibit 148: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Overview
• Exhibit 149: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Product / Service
• Exhibit 150: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Key offerings

• 12.16 ROBEL Bahnbaumaschinen GmbH 
• Exhibit 151: ROBEL Bahnbaumaschinen GmbH - Overview
• Exhibit 152: ROBEL Bahnbaumaschinen GmbH - Product / Service
• Exhibit 153: ROBEL Bahnbaumaschinen GmbH - Key offerings

• 12.17 Sinara Transport Machines Holding 
• Exhibit 154: Sinara Transport Machines Holding - Overview
• Exhibit 155: Sinara Transport Machines Holding - Product / Service
• Exhibit 156: Sinara Transport Machines Holding - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 157: Inclusions checklist
• Exhibit 158: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 159: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 160: Research methodology
• Exhibit 161: Validation techniques employed for market sizing
• Exhibit 162: Information sources

• 13.5 List of abbreviations 
• Exhibit 163: List of abbreviations

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SOURCE Technavio