Global Railway Vehicle Wheels Market Growth 2023-2029

Global Railway Vehicle Wheels Market Growth 2023-2029

The wheels of a railway vehicle support the full load of the vehicle and are as important a part of the safe operation of a railway train as the axles.According to the manufacturing method, the wheels can be divided into rolled steel (rolling) wheels and cast steel (casting) wheels.According to the use can be divided into railway passenger cars, railway freight cars, locomotives, subways, high-speed trains.
Wheel structure: the place where the axle is installed is the hub. The place where the wheel contacts with the rail is the rim. Between the hub and the rim is the plate.The flat contact part between the rim and the rail head is the tread, and the prominent part of the rim is the rim.
LPI (LP Information)' newest research report, the “Railway Vehicle Wheels Industry Forecast” looks at past sales and reviews total world Railway Vehicle Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Vehicle Wheels sales for 2023 through 2029. With Railway Vehicle Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Vehicle Wheels industry.
This Insight Report provides a comprehensive analysis of the global Railway Vehicle 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 Railway Vehicle Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Vehicle Wheels market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Vehicle 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 Railway Vehicle Wheels.
The global Railway Vehicle Wheels market size is projected to grow from US$ 2822.3 million in 2022 to US$ 3099.7 million in 2029; it is expected to grow at a CAGR of 3099.7 from 2023 to 2029.
Global Railway Vehicle Wheels key players include NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Vehicle Wheels market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Rolling Steel Wheel
Cast Steel Wheel
Segmentation by application
Railway Passenger Car
Railway Wagon
Locomotive
High Speed Train
Other
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 Railway Vehicle Wheels market?
What factors are driving Railway Vehicle Wheels market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Railway Vehicle Wheels market opportunities vary by end market size?
How does Railway Vehicle 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.