Global Wheels & Axles for Railways Market Growth 2023-2029

Global Wheels & Axles for Railways Market Growth 2023-2029

A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
LPI (LP Information)' newest research report, the “Wheels & Axles for Railways Industry Forecast” looks at past sales and reviews total world Wheels & Axles for Railways sales in 2022, providing a comprehensive analysis by region and market sector of projected Wheels & Axles for Railways sales for 2023 through 2029. With Wheels & Axles for Railways sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wheels & Axles for Railways industry.
This Insight Report provides a comprehensive analysis of the global Wheels & Axles for Railways 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 Wheels & Axles for Railways portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wheels & Axles for Railways market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wheels & Axles for Railways 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 Wheels & Axles for Railways.
The global Wheels & Axles for Railways market size is projected to grow from US$ 5161.5 million in 2022 to US$ 6174.7 million in 2029; it is expected to grow at a CAGR of 6174.7 from 2023 to 2029.
Global Wheels & Axles for Railways key players include Lucchini RS, GHH-BONATRANS, NSSMC, Interpipe, Taiyuan Heavy Industry, etc. Global top five manufacturers hold a share about 40%. CIS is the largest market, with a share about 35%, followed by China, with a share about 30 percent. In terms of product, Forged Wheels & Axles is the largest segment, with a share about 50%. And in terms of application, the largest application is Railroad Passenger Cars, followed by Railroad Freight Cars, High-speed Trains, Locomotives.
This report presents a comprehensive overview, market shares, and growth opportunities of Wheels & Axles for Railways market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Rolled Wheels & Axles
Forged Wheels & Axles
Segmentation by application
High-speed Train
Locomotives
Railroad Passenger Cars
Railroad Freight Cars
Metro
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.
Amsted Rail
NSSMC
Taiyuan Heavy Industry
Masteel
GHH-BONATRANS
Jinxi Axle
Interpipe
Penn Machine
EVRAZ NTMK
OMK
Xinyang Tonghe Wheels
GMH-Gruppe
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wheels & Axles for Railways market?
What factors are driving Wheels & Axles for Railways market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wheels & Axles for Railways market opportunities vary by end market size?
How does Wheels & Axles for Railways 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.