Global Rolling Stock Wheel Market Growth 2023-2029

Global Rolling Stock Wheel 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.

The report focuses on passenger train wheels and freight wagons wheels, etc.

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

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

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

The global Rolling Stock Wheel market size is projected to grow from US$ 3087.4 million in 2022 to US$ 3880.3 million in 2029; it is expected to grow at a CAGR of 3880.3 from 2023 to 2029.

Global key players of Rolling Stock Wheel include Interpipe, Amsted Rail, OMK Steel, Masteel Group, EVRAZ NTMK and ZHIQI RAILWAY EQUIPMENT, etc. Top five players occupy for a share about 49%. Asia-Pacific is the largest market, with a share about 46%, followed by Europe and North America. In terms of product, Forged Wheels is the largest segment, with a share over 69%. In terms of application, Freight Wagons is the largest market, with a share over 62%.

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

Market Segmentation:

Segmentation by type
Casting
Rolling

Segmentation by application
Unit Trains
Mixed Freight Trains
Intermodal Trains
Others

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
CAF MiiRA
Bochumer Verein Verkehrstechnik (BVV)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Rolling Stock Wheel market?

What factors are driving Rolling Stock Wheel market growth, globally and by region?

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

How do Rolling Stock Wheel market opportunities vary by end market size?

How does Rolling Stock 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.