Global Railway Switch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Railway Switch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Railway switch is a connecting device in the modern railway systems. As an important component of track, railway switch is used to allow the train to switch tracks. In general, railroad switch is wildly laid in the station and marshalling station. Railway switch has the characters of huge quantity, complex structure, short lifespan, speed limit, low-security, high maintenance cost, and etc.

Market Overview:

The latest research study on the global Railway Switch market finds that the global Railway Switch market reached a value of USD 2996.17 million in 2022. It’s expected that the market will achieve USD 3156.01 million by 2028, exhibiting a CAGR of 0.87% during the forecast period.

Market Drivers/Opportunities

With the acceleration of global urbanization, the number and density of urban population are increasing day by day, and the traffic pressure is also increasing sharply. Rail transit can make full use of underground and aboveground development space, improve the utilization efficiency of land resources and improve the transportation convenience. Rail transit is the inevitable choice to alleviate traffic congestion. Under the background of accelerating urbanization and improving infrastructure, urban rail transit and railway transportation in various countries are developing continuously. By the end of 2020, 538 cities in 77 countries and regions around the world have opened urban rail transit systems. Railway transportation has long occupied an important position in modern transportation systems of various countries by virtue of its advantages of wide coverage, large transportation volume, low freight, high speed, low energy consumption and high safety. Railroad switch plays an important role in rail transit. With the development of global economy, the demand of population mobility and cargo transportation is increasing, and the total mileage of rail transit will continue to expand in the future, driving the market demand of rail switch to grow.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

China Railway Hi-tech Industry, voestalpine Railway Systems, Vossloh, China Railway Construction and Heavy Industry are the five key players in the global Railway Switch market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Railway Switch market in the past 5 years.

China Railway High-tech Industry Co., Ltd. is a scientific and technological innovation enterprise specializing in R&D and manufacturing of tunnel boring machines and comprehensive services. At present, it has formed a relatively complete shield industry system and product categories. The company has undertaken 8 national 863 plan projects, 3 national 973 plan projects, and developed rectangular shield machines, large-diameter full-face hard rock tunneling machines (TBM), horseshoe shields and other products.

voestalpine Railway Systems is the global market leader for railway infrastructure system solutions, offering top-quality products, logistics and services for rails, turnouts, fastening systems, signaling technology and monitoring applications.

Segmentation Overview:

Among different product types, Single Crossover segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Conventional Railway segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Railway Switch market covered in Chapter 3:

MI-NE SEISAKU-SHO
Progress Rail
Atlantic Track & Turnout
China Railway Hi-tech Industry
PRAŽSKÁ STROJÍRNA AS
China Railway Construction Heavy Industry
voestalpine Railway Systems
SUMIHATSU
Amurrio Ferrocarril y Equipos
SO.CO.FER.Srl
DT - Slovenská výhybkáreň
NARSTCO
Jekay Group
LB Foster
Patil Group
Vossloh

In Chapter 4 and Chapter 14.2, on the basis of types, the Railway Switch market from 2018 to 2029 is primarily split into:

Single Crossover
Double Crossover
Track Crossing
Slip Switch
Three Bar Switches
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Railway Switch market from 2018 to 2029 covers:

High Speed Lines
Conventional Railway
Tram
Subway
Heavy Haul Lines

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)