Global Forged and Rolled Rail Wheel Market Growth 2025-2031

The global Forged and Rolled Rail Wheel market size is predicted to grow from US$ 216 million in 2025 to US$ 274 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031.

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.

According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.

LP Information, Inc. (LPI) ' 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 2024, providing a comprehensive analysis by region and market sector of projected Forged and Rolled Rail Wheel sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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