Global Point Machine Market Growth 2023-2029

Global Point Machine Market Growth 2023-2029

A point machine (also known as a point motor, switch machine or switch motor) is a device for operating railway turnouts especially at a distance.
LPI (LP Information)' newest research report, the “Point Machine Industry Forecast” looks at past sales and reviews total world Point Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Point Machine sales for 2023 through 2029. With Point Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Point Machine industry.
This Insight Report provides a comprehensive analysis of the global Point Machine 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 Point Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Point Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Point Machine 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 Point Machine.
The global Point Machine market size is projected to grow from US$ 1029.1 million in 2022 to US$ 1538.5 million in 2029; it is expected to grow at a CAGR of 1538.5 from 2023 to 2029.
The main global Point Machine players include Voestalpine Railway Systems, Siemens, Vossloh, Alstom, Kyosan Electric, etc. The top five Point Machine players account for approximately 31% of the total global market. Asia Pacific is the largest consumer market for Point Machine, accounting for about 73%, followed by Europe and North America. In terms of type, Electric is the largest segment, with a share over 61%. And in terms of application, the largest application is Railway, followed by High-speed Railway.
This report presents a comprehensive overview, market shares, and growth opportunities of Point Machine market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Electric Point Machine
Electro-hydraulic Point Machine
Segmentation by application
Railway
Subway
High-speed Railway
Tram System
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.
Voestalpine Railway Systems
Siemens
Vossloh
Alstom
Kyosan Electric
Hitachi Rail STS
Thales
CG Power
AZD Praha
VRS Railway Industr BV
Taiyuan Jingfeng
CRSC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Point Machine market?
What factors are driving Point Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Point Machine market opportunities vary by end market size?
How does Point Machine 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.