Global railway maintenance machinery market 2024-2028

Description

List of Tables

Technavio has been monitoring the railway maintenance machinery market and is forecast to grow by USD 1455.4 mn during 2023-2028, accelerating at a CAGR of 6.15% during the forecast period. Our report on the railway maintenance machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of railway electrification projects, growth in upgradation of railway networks in developing countries, and increasing adoption of railway maintenance machinery.

Technavio's railway maintenance machinery market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.7%
CAGR	6.15%
Incremental Value	$1455.4mn

By Application

Ballast track
Non-ballast track

By Product

Work vehicles
Small equipment

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the iot-based remote monitoring of trains and tracks as one of the prime reasons driving the railway maintenance machinery market growth during the next few years. Also, rapid expansion of rail networks and increasing adoption of maglev projects will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the railway maintenance machinery market covers the following areas:

Railway maintenance machinery market sizing
Railway maintenance machinery market forecast
Railway maintenance machinery market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading railway maintenance machinery market vendors that include Alamo Group Inc., American Equipment Co., BBM Railway equipment LLC, China Railway Construction Corp. Ltd, CRRC Corp. Ltd., Dipsa Technes Srl, GEATECH Group Srl, Harsco Corp, Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd., Loram Maintenance of Way Inc., MATISA MATERIEL INDUSTRIEL SA, Pandrol SAS, Plasser and Theurer Export von Bahnbaumaschinen GmbH, ROBEL Bahnbaumaschinen GmbH, Siemens AG, Sinara Transport Machines Holding, Speno International SA, Strukton Groep NV, Teraspyora Steelwheel Oy, and United Industrial Pty Ltd.. Also, the railway maintenance machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR41167

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Railway Maintenance Machinery Market 2018 - 2022
- Historic Market Size - Data Table on Global Railway Maintenance Machinery Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Ballast track - Market size and forecast 2023-2028
- Chart on Ballast track - Market size and forecast 2023-2028 ($ million)
- Data Table on Ballast track - Market size and forecast 2023-2028 ($ million)
- Chart on Ballast track - Year-over-year growth 2023-2028 (%)
- Data Table on Ballast track - Year-over-year growth 2023-2028 (%)
6.4 Non-ballast track - Market size and forecast 2023-2028
- Chart on Non-ballast track - Market size and forecast 2023-2028 ($ million)
- Data Table on Non-ballast track - Market size and forecast 2023-2028 ($ million)
- Chart on Non-ballast track - Year-over-year growth 2023-2028 (%)
- Data Table on Non-ballast track - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Work vehicles - Market size and forecast 2023-2028
- Chart on Work vehicles - Market size and forecast 2023-2028 ($ million)
- Data Table on Work vehicles - Market size and forecast 2023-2028 ($ million)
- Chart on Work vehicles - Year-over-year growth 2023-2028 (%)
- Data Table on Work vehicles - Year-over-year growth 2023-2028 (%)
7.4 Small equipment - Market size and forecast 2023-2028
- Chart on Small equipment - Market size and forecast 2023-2028 ($ million)
- Data Table on Small equipment - Market size and forecast 2023-2028 ($ million)
- Chart on Small equipment - Year-over-year growth 2023-2028 (%)
- Data Table on Small equipment - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Alamo Group Inc.
- Alamo Group Inc. - Overview
- Alamo Group Inc. - Business segments
- Alamo Group Inc. - Key news
- Alamo Group Inc. - Key offerings
- Alamo Group Inc. - Segment focus
12.4 American Equipment Co.
- American Equipment Co. - Overview
- American Equipment Co. - Product / Service
- American Equipment Co. - Key offerings
12.5 BBM Railway equipment LLC
- BBM Railway equipment LLC - Overview
- BBM Railway equipment LLC - Product / Service
- BBM Railway equipment LLC - Key offerings
12.6 China Railway Construction Corp. Ltd
- China Railway Construction Corp. Ltd - Overview
- China Railway Construction Corp. Ltd - Business segments
- China Railway Construction Corp. Ltd - Key offerings
- China Railway Construction Corp. Ltd - Segment focus
12.7 CRRC Corp. Ltd.
- CRRC Corp. Ltd. - Overview
- CRRC Corp. Ltd. - Product / Service
- CRRC Corp. Ltd. - Key offerings
12.8 Dipsa Technes Srl
- Dipsa Technes Srl - Overview
- Dipsa Technes Srl - Product / Service
- Dipsa Technes Srl - Key offerings
12.9 GEATECH Group Srl
- GEATECH Group Srl - Overview
- GEATECH Group Srl - Product / Service
- GEATECH Group Srl - Key offerings
12.10 Harsco Corp
- Harsco Corp - Overview
- Harsco Corp - Business segments
- Harsco Corp - Key offerings
- Harsco Corp - Segment focus
12.11 Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd.
- Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Overview
- Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Product / Service
- Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Key offerings
12.12 Loram Maintenance of Way Inc.
- Loram Maintenance of Way Inc. - Overview
- Loram Maintenance of Way Inc. - Product / Service
- Loram Maintenance of Way Inc. - Key offerings
12.13 MATISA MATERIEL INDUSTRIEL SA
- MATISA MATERIEL INDUSTRIEL SA - Overview
- MATISA MATERIEL INDUSTRIEL SA - Product / Service
- MATISA MATERIEL INDUSTRIEL SA - Key offerings
12.14 Pandrol SAS
- Pandrol SAS - Overview
- Pandrol SAS - Product / Service
- Pandrol SAS - Key offerings
12.15 Plasser and Theurer Export von Bahnbaumaschinen GmbH
- Plasser and Theurer Export von Bahnbaumaschinen GmbH - Overview
- Plasser and Theurer Export von Bahnbaumaschinen GmbH - Product / Service
- Plasser and Theurer Export von Bahnbaumaschinen GmbH - Key offerings
12.16 ROBEL Bahnbaumaschinen GmbH
- ROBEL Bahnbaumaschinen GmbH - Overview
- ROBEL Bahnbaumaschinen GmbH - Product / Service
- ROBEL Bahnbaumaschinen GmbH - Key offerings
12.17 Sinara Transport Machines Holding
- Sinara Transport Machines Holding - Overview
- Sinara Transport Machines Holding - Product / Service
- Sinara Transport Machines Holding - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 market analysis
- market analysis
13.10 List of abbreviations
- List of abbreviations