The Worldwide Railway Maintenance Machinery Industry is Expected to Reach $5.5 Billion by 2027

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Aug 04, 2021, 07:15 ET

DUBLIN, Aug. 4, 2021 /PRNewswire/ -- The "Railway Maintenance Machinery Market by Product Type, Application and Sales Type: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The global railway maintenance machinery market size was valued at $3,7.39.2 million in 2019 and is projected to reach $5,521.9 million by 2027, registering a CAGR of 7.2% from 2020 to 2027. Railway maintenance machinery consists of vehicles and machines such as tamping machine, stabilizing machines, and others that are used to maintain railway tracks. These machineries are used in applications such as weld shear, rail drill, rail saw, clipping machines, and others. In addition, they are used for maintenance of railway tracks so that efficient and smooth operation of railways takes place.

An increase in the number of railway electrification projects globally, fuels the growth of the railway maintenance machinery market. Electric trains are more ecological when compared to fuel-powered trains. Hence, rise in number of railway electrification projects fuels the growth of the railway maintenance machinery market. In addition, governments of different countries are approving hybrid tamping machine for maintaining operations of railway tracks. For instance, in 2020, Germany's Federal Railway Authority (EBA) approved the tamping machine Unimat 09-32/4S Dynamic E3 hybrid tamping machines for railway track operations in Kreuznach (Germany) and Bern (Switzerland).

Growth in number of railway construction projects fuels the growth of the railway maintenance machinery market. In addition, rise in government spending on building new railway projects is anticipated to drive the growth of the railway maintenance machinery market. For instance, the Indian government plans to spend $704.16 million on railway projects till 2023. In addition, rise in adoption of internet of things (IoT) and cloud-based system in railway maintenance operations owing to its features such as scalability, high speed, continuous support, and IT security services drives the growth of the railway maintenance machinery market.

However, high cost associated with railway maintenance machineries is anticipated to hamper the growth of the railway maintenance machinery market. Conversely, technological integration in the railway maintenance machinery is anticipated to provide lucrative opportunities for the growth of the railway maintenance machinery market.

The global railway maintenance machinery market is segmented on the basis of product type, application, sales type, and region. Based on product type, the railway maintenance machinery market is fragmented into tamping machine, stabilizing machinery, rail handling machinery, ballast cleaning machine, and others. Based on application, the global railway maintenance machinery market is categorized into ballast track, and non-ballast track. Based on sales type, the market is divided into new sales, and aftermarket sales. By region, the railway maintenance machinery market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

COMPETITION ANALYSIS

Key companies profiled in the report include China Railway Construction Corporation Limited (CRCC High- Tech Equipment Co. Ltd), China State Railway Group Co Ltd. (Gemac Engineering Machinery Co Ltd), System 7- Railsupport GmbH, Harsco Corporation, MER MEC s.p.A., Geatech Group s.r.l., Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., Sinara-Transport Machines Holding, Fluor Corporation (American Equipment Company, Inc), Coril Holdings Ltd (Loram Maintenance of Way, Inc), ROBEL Bahnbaumaschinen GmbH, Speno International SA, K and G Machinery Pty Ltd, and Amberg Group AG (Amberg Technologies AG).
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KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current and emerging railway maintenance machinery market trends and dynamics.
In-depth market analysis is conducted by railway maintenance machinery market estimations for the key segments between 2019 and 2027.
Extensive analysis of the railway maintenance machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global railway maintenance machinery market forecast analysis from 2020 to 2027 is included in the report.
The key market players within the railway maintenance machinery market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the railway maintenance machinery market.

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pocket
3.2.2. Top Winning Strategies
3.3. Market Player Positioning, 2019
3.4. Porter's Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Government Spending on Construction of Railway Projects
3.5.1.2. Increasing Number of Railway Electrification Projects
3.5.1.3. Benefits Associated with Railway Maintenance Machinery
3.5.2. Restraints
3.5.2.1. a Dearth of Skilled Staff and Lack of Reimbursement in Developing Countries
3.5.2.2. High Cost of Machine
3.5.3. Opportunity
3.5.3.1. Technological Innovation
3.6. COVID-19 Impact Analysis

Chapter 4: Railway Maintenance Machinery Market, by Product Type
4.1. Overview
4.1.1. Market Size and Forecast, by Product Type
4.2. Tamping Machine
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Stabilizing Machinery
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Rail Handling Machinery
4.4.1. Key Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
4.5. Ballast Cleaning Machine
4.5.1. Key Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Country
4.6. Others
4.6.1. Key Growth Factors and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis, by Country

Chapter 5: Railway Maintenance Machinery Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast, by Technology
5.2. Ballast Track
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Non-Ballast Track
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country

Chapter 6: Railway Maintenance Machinery Market, by Sales Type
6.1. Overview
6.1.1. Market Size and Forecast, by Sales Type
6.2. New Sales
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Aftermarket Sales
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country

Chapter 7: Railway Maintenance Machinery Market, by Region

Chapter 8: Company Profiles
8.1. China Railway Construction Corporation Limited (Crcc High- Tech Equipment Co. Ltd)
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Research and Development Expenses
8.1.7. Business Performance
8.2. China State Railway Group Co. Ltd. (Gemac Engineering Machinery Co. Ltd.)
8.2.1. Company Overview
8.2.2. Key Executive
8.2.3. Company Snapshot
8.2.4. Product Portfolio
8.3. System 7- Railsupport GmbH
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Product Portfolio
8.4. Harsco Corporation
8.4.1. Company Overview
8.4.2. Key Executive
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Research and Development Expenses
8.4.7. Business Performance
8.4.8. Key Strategic Moves and Developments
8.5. Mer Mec S. P. A.
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Product Portfolio
8.5.5. Key Strategic Moves and Developments
8.6. Geatech GroU.S. R. L.
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Product Portfolio
8.7. Plasser & Theurer, Export Von Bahnbaumaschinen, Gesellschaft M. B. H.
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.7.5. Key Strategic Moves and Developments
8.8. Sinara Group (Sinara-Transport Machines Holding)
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.8.5. Key Strategic Moves and Developments
8.9. Fluor Corporation (American Equipment Company, Inc.)
8.9.1. Company Overview
8.9.2. Key Executive
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. R&D Expenditure
8.9.7. Business Performance
8.10. Coril Holdings Ltd. (Loram Maintenance of Way, Inc.)
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Product Portfolio
8.10.5. Key Strategic Moves and Developments
8.11. Robel Bahnbaumaschinen GmbH
8.11.1. Company Overview
8.11.2. Key Executives
8.11.3. Company Snapshot
8.11.4. Product Portfolio
8.11.5. Key Strategic Moves and Developments
8.12. Speno International Sa
8.12.1. Company Overview
8.12.2. Key Executives
8.12.3. Company Snapshot
8.12.4. Product Portfolio
8.13. K and G Machinery Pty Ltd.
8.13.1. Company Overview
8.13.2. Key Executives
8.13.3. Company Snapshot
8.13.4. Product Portfolio
8.14. Amberg Group AG (Amberg Technologies Ag)
8.14.1. Company Overview
8.14.2. Key Executives
8.14.3. Company Snapshot
8.14.4. Operating Business Segments
8.14.5. Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/9475d7

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