Global Railway Axles Market Growth 2023-2029

Global Railway Axles Market Growth 2023-2029

An axle is a rod or shaft that rotates the wheels and supports the weight of railway vehicle.
LPI (LP Information)' newest research report, the “Railway Axles Industry Forecast” looks at past sales and reviews total world Railway Axles sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Axles sales for 2023 through 2029. With Railway Axles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Axles industry.
This Insight Report provides a comprehensive analysis of the global Railway Axles 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 Railway Axles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Axles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Axles 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 Railway Axles.
The global Railway Axles market size is projected to grow from US$ 804.6 million in 2022 to US$ 997.1 million in 2029; it is expected to grow at a CAGR of 997.1 from 2023 to 2029.
There are mainly two type product of Railway Axles market: Solid Axles and Hollow Axles. Solid Axles accounted for a share of 76% in the global Railway Axles market.
Geographically, the global Railway Axles sales market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-Pacific held the largest share in the global market, its revenue of global market exceeds 42%.
The leading manufactures mainly are Taiyuan Heavy, Nippon Steel, Evraz, Lucchini RS, GHH-Bontrans, Jinxi Axle Company, Rail Wheel Factory, Bochumer Verein Verkehrstechnik (BVV), Masteel, Kolowag, Amsted Rail, CAF, Standard Forged Products, MWL, Semco, CRRC Datong, Comsteel, Interpipe, Jiangsu Railteco, Swasap, , etc. Taiyuan Heavy is the largest manufacturer; its revenue of global market exceeds 11%.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Axles market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solid Axles
Hollow Axles
Segmentation by application
Freight Wagons
Passenger Wagons
Locos
High Speed
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.
Taiyuan Heavy
Nippon Steel
Evraz
Lucchini RS
GHH-Bontrans
Jinxi Axle Company
Rail Wheel Factory
Bochumer Verein Verkehrstechnik (BVV)
Masteel
Kolowag
Amsted Rail
CAF
Standard Forged Products
MWL
Semco
CRRC Datong
Comsteel
Interpipe
Jiangsu Railteco
Swasap
Key Questions Addressed in this Report
What is the 10-year outlook for the global Railway Axles market?
What factors are driving Railway Axles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Railway Axles market opportunities vary by end market size?
How does Railway Axles 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.