Global Rail Wheels Market Growth 2023-2029

Global Rail Wheels 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 “Rail Wheels Industry Forecast” looks at past sales and reviews total world Rail Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected Rail Wheels sales for 2023 through 2029. With Rail Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rail Wheels industry.
This Insight Report provides a comprehensive analysis of the global Rail Wheels 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 Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rail Wheels market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rail Wheels 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 Wheels.
The global Rail Wheels market size is projected to grow from US$ 3142 million in 2022 to US$ 3858.3 million in 2029; it is expected to grow at a CAGR of 3858.3 from 2023 to 2029.
Global core rail wheels manufacturers include Interpipe, Nippon Steel corporation, Standard Steel etc.The top 5 companies hold a share about 50%.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 30% and 15%.In terms of product, freight wagons is the largest segment, with a share about 75%. And in terms of application, the largest application is AM market, followed by OE market.
This report presents a comprehensive overview, market shares, and growth opportunities of Rail Wheels 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.
Interpipe
Nippon Steel corporation
Standard Steel
OMK Steel
Masteel Group
EVRAZ NTMK
ZHIQI RAILWAY EQUIPMENT
Amsted Rail
Taiyuan Heavy Industry
Bochumer Verein Verkehrstechnik (BVV)
GHH-Bonatrans
Lucchini RS
Datong ABC Castings Company Limited (DACC)
Xinyang Amsted Tonghe Wheels
CAF
Rail Wheels Factory
MWL
Comsteel
Key Questions Addressed in this Report
What is the 10-year outlook for the global Rail Wheels market?
What factors are driving Rail Wheels market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rail Wheels market opportunities vary by end market size?
How does Rail Wheels 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.