Global Railway Maintenance Machinery Market report from Global Insight Services is the single authoritative source of intelligence on Global Railway Maintenance Machinery Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The global railway maintenance machinery market size was $3.9 billion in 2021 and is anticipated to reach $7.5 billion in 2031, growing at a rate of 6.8% from 2022 to 2031.
Railway maintenance is a process of preserving the working condition of railway tracks. Tamping machines, tampers, ballast regulators, dynamic track stabilizers, ballast cleaners, and ballast undercutters are some of the types of machinery used in railway maintenance applications. Maintenance of railway machines is important for smooth and effective functioning.
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Global Railway Maintenance Machinery Market Trends & Drivers
Growth in government spending on railway infrastructure development in developing nations such as India, Africa, Brazil, and others drives the global railway maintenance machinery market growth. Moreover, the rise in population growth in couple with rapid urbanization has led to growth in traffic congestion on roads and conveyance of goods from one place to another. Therefore, railways serve as an effective, low-priced, and better mode of transport. Besides, several nations globally are incessantly spending on developing railway lines. For instance, in 2020, the government of Canada planned to invest nearly $3 billion in escalating railway infrastructure projects. Further, an upsurge in demand for safe, secure, as well as effective railway systems supplements the global railway maintenance machinery market growth. Moreover, an increase in road accidents worldwide is anticipated to cater to the development of the global railway maintenance machinery market. As per World Health Organization (WHO), approximately 1.25 million deaths are recorded per year due to road accidents. Further, road traffic crashes cost nearly 3% of their gross domestic product (GDP) globally.
Market Segments
By Product Type
- Tamping Machine
- Stabilizing Machinery
- Ballast Cleaning Machine
- Others
By Application
- Ballast Track
- Non-ballast Track
By Business Type
- New Sales
- Aftermarket Sales
By Region
- North America
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Key Players
- MER MEC S.p.A.
- China Railway Construction Corporation Limited
- Coril Holdings Ltd. (LORAM)
- Fluor Corporation (American Equipment Company)
- Geatech S.r.l.
- Harsco Corporation
- Plasser & Theurer
- Robel Bahnbaumaschinen GmbH
- Sinara Transport Vehicles
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