Global Rail Wheel (Railway Wheel) Market Growth 2023-2029

Global Rail Wheel (Railway Wheel) Market Growth 2023-2029

Rail Wheels a type of Wheel specially designed for use on rail tracks. The Wheels is on the rails without guidance except for the shape of the tyre in relation to the rail head. Contrary to popular belief, the flanges should not touch the rails. Flanges are only a last resort to prevent the wheels becoming derailed - they're a safety feature. The Wheel tyre is coned and the rail head slightly curved.

Ideally, the Wheel profile should be determined by agreement between the railway infrastructure owner and the rolling stock owner. Of course, it varies from place to place but it is rarely a simple angle. It's usually a carefully calculated compound form. With respect to the rail angle, in the UK for example, it is set at 1 in 20 (1/20 or 0.05). In the US and France it's usually at 1/40. Light rail systems operating over roadways will have special profiles.

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

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

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

The global Rail Wheel (Railway Wheel) market size is projected to grow from US$ 2968.2 million in 2022 to US$ 3451.5 million in 2029; it is expected to grow at a CAGR of 3451.5 from 2023 to 2029.

Asia-Pacific is the largest Rail Wheel (Railway Wheel) market with about 45% market share. North America is follower, accounting for about 17% market share.

The key players are NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans, Amsted Rail, CAF, Comsteel, Magang (Group) Holding, Taiyuan Heavy Industry, Datong ABC Castings Company Limited (DACC), Xinyang Amsted Tonghe Wheels, ZHIQI RAILWAY EQUIPMENT etc. Top 3 companies occupied about 33% market share.

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

Market Segmentation:

Segmentation by type

High speed

Freight Wagons

Passenger Wagons

Locos

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.

NSSMC

Interpipe

OMK Steel

EVRAZ NTMK

Bochumer Verein Verkehrstechnik (BVV)

Lucchini RS

Rail Wheel Factory

GHH-Bonatrans

Amsted Rail

CAF

Comsteel

Magang (Group) Holding

Taiyuan Heavy Industry

Datong ABC Castings Company Limited (DACC)

Xinyang Amsted Tonghe Wheels

ZHIQI RAILWAY EQUIPMENT

Key Questions Addressed in this Report

What is the 10-year outlook for the global Rail Wheel (Railway Wheel) market?

What factors are driving Rail Wheel (Railway Wheel) market growth, globally and by region?

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

How do Rail Wheel (Railway Wheel) market opportunities vary by end market size?

How does Rail Wheel (Railway 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.


*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Global Rail Wheel (Railway Wheel) by Company
4 World Historic Review for Rail Wheel (Railway Wheel) by Geographic Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Rail Wheel (Railway Wheel) by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

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