Global Forged and Rolled Rail Wheel Market Growth 2023-2029

Global Forged and Rolled Rail Wheel Market Growth 2023-2029

A train wheel or rail wheel is a type of wheel specially designed for use on railway tracks. The wheel acts as a rolling component, typically pushed onto an axle and mounted directly on a railway carriage or locomotive, or indirectly on a bogie (in the UK), also called a truck (in North America). The powered wheels under the locomotive are called Driving Wheels. Wheels are initially cast or forged and then heat-treated to have a specific hardness.

LPI (LP Information)' newest research report, the “Forged and Rolled Rail Wheel Industry Forecast” looks at past sales and reviews total world Forged and Rolled Rail Wheel sales in 2022, providing a comprehensive analysis by region and market sector of projected Forged and Rolled Rail Wheel sales for 2023 through 2029. With Forged and Rolled Rail Wheel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forged and Rolled Rail Wheel industry.

This Insight Report provides a comprehensive analysis of the global Forged and Rolled Rail Wheel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Forged and Rolled Rail Wheel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Forged and Rolled Rail Wheel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forged and Rolled Rail Wheel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Forged and Rolled Rail Wheel.

The global Forged and Rolled Rail Wheel market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Forged and Rolled Rail Wheel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Forged and Rolled Rail Wheel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Forged and Rolled Rail Wheel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Forged and Rolled Rail Wheel players cover Interpipe, Nippon Steel corporation, Masteel Group, ZHIQI RAILWAY EQUIPMENT, Standard Steel, OMK Steel, Amsted Rail, Taiyuan Heavy Industry and Bochumer Verein Verkehrstechnik (BVV), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Forged and Rolled Rail Wheel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
High Speed Wheel
Freight Wagons Wheel
Passenger Wagons Wheel
Locomotive Wheel

Segmentation by application
OE Market
AM Market

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Interpipe
Nippon Steel corporation
Masteel Group
ZHIQI RAILWAY EQUIPMENT
Standard Steel
OMK Steel
Amsted Rail
Taiyuan Heavy Industry
Bochumer Verein Verkehrstechnik (BVV)
Lucchini RS
Datong ABC Castings Company Limited (DACC)
Xinyang Amsted Tonghe Wheels
CAF
MWL
Comsteel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Forged and Rolled Rail Wheel market?

What factors are driving Forged and Rolled Rail Wheel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Forged and Rolled Rail Wheel market opportunities vary by end market size?

How does Forged and Rolled Rail Wheel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.