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.
Global railway maintenance machinery report from Global Insight Services is the single authoritative source of intelligence on 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.
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Major Players of the Global Railway Maintenance Machinery Market
The global railway maintenance machinery market report includes players such as Angelo Holding S.r.l. (MER MEC S.p.A.), China Railway Construction Corporation Limited (CRCC High-Tech Equipment Corporation Limited), Coril Holdings (LORAM), CRRC, Fluor Corporation (American Equipment Company), Geatech S.r.l., Harsco Corporation, Plasser & Theurer, Robel Bahnbaumaschinen GmbH, Sinara Transport Vehicles, and System7 Rail Holding GmbH.
Global Railway Maintenance Machinery Market Segmentation
The report analyses the railway maintenance machinery market based on product type, application, business type, and region.
Global Railway Maintenance Machinery Market By Product Type
Based on type, the global railway maintenance machinery market has been bifurcated into tamping machines, stabilizing machinery, ballast cleaning machines, and others. In 2021, the tamping machine segment was the highest revenue generator. Tamping machines are cost-effective railway maintenance machinery that lessens track maintenance costs and improves the performance of railway tracks.
Global Railway Maintenance Machinery Market By Application
Based on application, the market is fragmented into ballast track and non-ballast track. In 2021, the ballast track segment generated the highest revenue, and it is expected to exhibit a significant growth rate during the study period. Ballast tracks are laid under railway sleepers to reduce the stress on the ground. Ballast track is generally adopted in the railway maintenance industry owing to features such as quick water drainage and chances of vegetation.
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Geographical Analysis of Global Railway Maintenance Machinery Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Amongst these, Europe was the dominant market in 2021. Besides, Asia-Pacific is expected to be the fastest-growing region during the study period. North America along with Europe is anticipated to grow at a moderate pace. The high manufacturing capacity of railway maintenance machinery in Europe is driving the growth of the market.
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