Global Rail Wheel and Axle Market Growth 2023-2029

Global Rail Wheel and Axle Market Growth 2023-2029

A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.

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

This Insight Report provides a comprehensive analysis of the global Rail Wheel and Axle 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 Rail Wheel and Axle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rail Wheel and Axle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rail Wheel and Axle 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 Rail Wheel and Axle.

The global Rail Wheel and Axle 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.

In the Europe wide, major salers mainly are GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel, NSSMC, Kolowag and etc.

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

Market Segmentation:

Segmentation by type

Rolled Wheels & Axles for Railways

Forged Wheels & Axles for Railways

Segmentation by application

Unit Trains

Mixed Freight Trains

Intermodal Trains

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.

GHH-BONATRANS

Lucchini RS

EVRAZ NTMK

GMH-Gruppe

Interpipe

OMK

Amsted Rail

Masteel

NSSMC

Kolowag

Key Questions Addressed in this Report

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

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

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

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

How does Rail Wheel and Axle 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.