The metro train wheel market: an introduction
A metro train is a rapid transit locomotive that transports people from one station to another. In terms of travel time and cost, these metro trains are among the most efficient forms of passenger transportation in the world.
The metro train wheels are precisely built for successful daily operation, resistant to abrasion or wear due to continuous operation and friction on the tracks. They were specially developed for use on railway tracks. These metro rail wheels are usually installed on the metro trains and pressed into the axle.
Although rubber metro tires are used in the international market, metro wheels are usually made of steel. Metro wheels should be checked regularly to make sure they are in good condition and not out of alignment. As the global metro rail network expands, the market for metro wheels is expected to rise rapidly.
The type and strength of metro rail wheels will always affect the safety of any rail body, so manufacturers in the global market of metro rail wheels must meet strict production regulations.
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Dynamics
The metro rail wheels market is expected to grow with a significantly increasing CAGR in the near future and increasing applications across the globe.
Furthermore, the new technologies and inventions in metro rail wheels will see a rise in the global market. In terms of material type, cast iron and stainless steel have traditionally been the preferred materials, but with an emphasis on chronological progression, highly durable and lightweight solutions such as rubber and composite-based metro rail wheels are introduced to the market in the following years. The idea is being rigorously researched today.
From the last few years, there is stagnant growth in the world for railway tracks, according to World Bank data. In addition, with the increase in air transportation, which is very fast for the consumer to reach their destination, harms the growth of the train market in the world market.
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Regional Outlook
Expenditure on rail transport infrastructure, especially in developing economic countries, is estimated to grow significantly in the coming years, due to the increase in population and the increase in demand for local travel in the world market. For example, MEA is estimated to witness a significant growth rate in terms of rail transport infrastructure in the coming years.
Furthermore, Asia Pacific remains the fastest growing market in terms of rail transport infrastructure with increasing investments towards rail infrastructure development in the current scenario. These development factors are estimated to create a lucrative growth opportunity for the metro rail wheels market in the near future.
Considering the metro rail industry, it is estimated that the metro will witness strong growth in the advanced economies of Western Europe, where the preference for using public transport for local travel is increasing significantly.
High-speed rail networks are expected to go further in developing economies such as the UK and Spain. This is expected to increase the demand for metro rail wheels for use in metro trains and subsequently positively impact the overall global metro wheels market
Stringent rules and regulations regarding passenger safety in North America and Europe have increased the demand for metro rail wheels in this region, which in turn is estimated to accelerate the metro rail wheels market in the near future.
Distribution
Type of material
- stainless steel
- Cast Iron
- Rubber
- others (composites, alloys)
Passenger capacity
- Less than 300
- 300 – 700
- over 700
Technology
- automatic metro
- Conventional Metro
Sales channel
- OEM
- Aftermarket
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Major market participants
Examples of some of the market participants in the global metro rail wheels market identified across the value chain include GHH-BONATRANS, CAF, Premier Ltd., Vyksa Steel Works, and ArelorMittal Engineering Products among others.
The research report on the Metro Rail Wheels market presents a comprehensive assessment, containing thoughtful insights, facts, historical data and statistically supported and industry validated market data.
Comprehensive regional analysis
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, Great Britain, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa)
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