Track Geometry Measurement System Market Report: Trends, Forecast and Competitive Analysis to 2030

Track Geometry Measurement System Trends and Forecast

The future of the global track geometry measurement system market looks promising with opportunities in the heavy haul railway, high-speed railway, light railway, and mass transit railway markets. The global track geometry measurement system market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are growing demand for security and safety in railroad transportation, expanding metro lines and railroad networks, and putting more emphasis on enhancing transportation infrastructure.

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Track Geometry Measurement System by Segment

The study includes a forecast for the global track geometry measurement system by component, railway type, operation, and region.

Track Geometry Measurement System Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Track Geometry Measurement System Market by Railway Type [Shipment Analysis by Value from 2018 to 2030]:

• Heavy Haul Railways
• High-Speed Railways
• Light Railways
• Mass Transit Railways

Track Geometry Measurement System Market by Operation [Shipment Analysis by Value from 2018 to 2030]:

• Contact
• Contactless

Track Geometry Measurement System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Track Geometry Measurement System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies track geometry measurement system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the track geometry measurement system companies profiled in this report include-

• Balfour Beatty
• Bentley Systems
• Egis Group
• ENSCO
• ESIM
• Fugro
• MERMEC
• Plasser & Theurer
• Siemens
• Trimble

Track Geometry Measurement System Market Insights

Lucintel forecasts that services is expected to witness the highest growth over the forecast period due to regular TGMS calibration, maintenance, and repair services are becoming more and more necessary, as well as, growing need among railway operators for managed services to keep an eye on and assess the condition of the lines.

Within this market, mass transit railways will remain the largest segment due to growing need for precise track geometry parameter measurements and the identification of deviations from the intended track geometry.

APAC will remain the largest region over the forecast period due to growing adoption of cutting-edge technologies, as well as, mass transport networks, the robust construction of high-speed rail in china and india, and the development of various railway systems in nations like china, australia, and india..

Features of the Global Track Geometry Measurement System Market

Market Size Estimates: Track geometry measurement system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Track geometry measurement system market size by component, railway type, operation, and region in terms of value ($B).

Regional Analysis: Track geometry measurement system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, railway type, operation, and regions for the track geometry measurement system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the track geometry measurement system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the track geometry measurement system market size?

Answer: The global track geometry measurement system market is expected to reach an estimated $4.2 billion by 2030.

Q2. What is the growth forecast for track geometry measurement system market?

Answer: The global track geometry measurement system market is expected to grow with a CAGR of 6.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the track geometry measurement system market?

Answer: The major drivers for this market are growing demand for security and safety in railroad transportation, expanding metro lines and railroad networks and putting more emphasis on enhancing transportation infrastructure.

Q4. What are the major segments for track geometry measurement system market?

Answer: The future of the track geometry measurement system market looks promising with opportunities in the heavy haul railway, high-speed railway, light railway, and mass transit railway markets.

Q5. Who are the key track geometry measurement system market companies?

Answer: Some of the key track geometry measurement system companies are as follows.

• Balfour Beatty
• Bentley Systems
• Egis Group
• ENSCO
• ESIM
• Fugro
• MERMEC
• Plasser & Theurer
• Siemens
• Trimble

Q6. Which track geometry measurement system market segment will be the largest in future?

Answer: Lucintel forecasts that services is expected to witness the highest growth over the forecast period due to regular TGMS calibration, maintenance, and repair services are becoming more and more necessary, as well as, growing need among railway operators for managed services to keep an eye on and assess the condition of the lines.

Q7. In track geometry measurement system market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing adoption of cutting-edge technologies, as well as, mass transport networks, the robust construction of high-speed rail in china and india, and the development of various railway systems in nations like china, australia, and india..

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the track geometry measurement system market by component (hardware, software, and services), railway type (heavy haul railways, high-speed railways, light railways, and mass transit railways), operation (contact and contactless), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?