Global Wheel set press machine Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Wheel set press machine Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

The wheel set press machine, also known as the wheel axle press machine, is a professional equipment for pressing rolling bearings in railway vehicle systems. Its main purpose is to use cold pressing to press the rolling bearings onto the wheel set journal. The fit between the rolling bearing and the wheel set journal is an interference fit, so the pressure during the press-fitting process is relatively large. Wheel set assembly is achieved using an interference fit between the axle and hub holes. The pressure assembly method is used to press the wheel seat of the axle into the wheel hub through the pressure of the hydraulic press. Relying on the elastic deformation characteristics of the metal, a more reasonable fit interference is used to make the hub hole of the wheel set tightly clamped and joined. . Its fit does not produce plastic deformation or looseness. Wheel set press machines can be divided into fully automatic wheel set press machines and semi-automatic wheel set press machines according to power type.

Market Overview:

The latest research study on the global Wheel set press machine market finds that the global Wheel set press machine market reached a value of USD 33.49 million in 2023. It’s expected that the market will achieve USD 45.76 million by 2029, exhibiting a CAGR of 5.34% during the forecast period.

Continuous development of downstream industry application areas

Wheel set press machines are mainly used in the fields of urban rail transit and intercity rail transit. The transportation industry is the basic industry for national economic and social development, and an important symbol and support carrier of national economic modernization. Among them, urban rail transit refers to the urban public passenger transportation system that uses dedicated track guidance, including subways, light rails, monorails, trams, maglevs, automatic guide rails, and urban rapid rail transit. Compared with other traditional transportation modes, urban rail transit has unique advantages such as large transportation capacity, safety and environmental protection, and saving land and energy. These advantages can effectively alleviate the contradictions such as traffic congestion, land scarcity and energy tension faced by various countries in the process of urbanization, and are in line with the principle of sustainable development.

The Urban Rail Transit 2022 Annual Statistical Analysis Report of the China Urban Rail Transit Association shows that as of the end of 2022, a total of 55 cities in mainland China have opened urban rail transit operations, with a total of 308 lines and a total length of operating lines of 10,287 kilometers. The length of operational lines increased by 1,080 kilometers. In the future, with the acceleration of urbanization and the increasing traffic pressure in major central cities, the scale and investment of urban rail transit planning, construction, and operation lines are expected to continue to grow steadily and maintain a rapid development trend, which will effectively drive wheel alignment pressure. The development of the equipment industry.

Region Overview:

In 2022, the share of the Wheel set press machine market in Europe stood at 35.38%.

Company Overview:

As a successful medium-sized family business, today the company is a specialist in straighteners and wheel set presses. MAE Group is a manufacturer of innovative machines for a wide range of industries – from railway technology to tool production and the automotive industry. Since 1931, the company has been transforming ideas into successful products and solutions that serve the company's customers.

BBM Railway Equipment, LLC, a member of the Brilex Group of Companies, was established in 2011 through a joint venture agreement between Brilex Industries, Inc., Youngstown, Ohio, and Officine Meccaniche BBM, S.p.A. Italy. By leveraging Italy's proven cutting-edge railroad technology and the manufacturing experience of Brilex Industries, Inc., BBM Railway Equipment, LLC. is equipped to provide state-of-the-art advanced equipment and services to North American railroads.

In 2018, BBM Rail Equipment is proud to announce a major expansion, including the addition of high-quality lifting and rotating products, as well as spare parts and field service support. This extremely talented and dedicated team has extensive experience engineering, manufacturing and supporting lifting and rotating products. Some specific products are drop tables, car lifts, portable electric jacks, truck lifts, truck spinners, turntables, etc. Combining this experience with BBM's customer-focused culture and best-in-class engineering/manufacturing resources in the United States, the Company believes this investment will deliver immediate and long-term value to the Company's customers.

MAE Group is one of the major players operating in the Wheel set press machine market, holding a share of 31.42% in 2023.

Segmentation Overview:

By type, Fully automatic segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment intercity rail transit, with a market share of 89.31% in 2022.

Key Companies in the global Wheel set press machine market covered in Chapter 3:

Beijing China Railway Tiger Technology Development Co., Ltd.
BBM Railway
Hubei Heqiang Machinery Development Co., Ltd.
Künstler Bahntechnik
MAE Group
NSH Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Wheel set press machine market from 2019 to 2030 is primarily split into:

Fully automatic
Semi-automatic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wheel set press machine market from 2019 to 2030 covers:

intercity rail transit
urban rail transit

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)