Global Rail Grinding Machine Market Report, History and Forecast 2017-2028
Market Analysis and Insights: Global Rail Grinding Machine Market
Due to the COVID-19 pandemic, the global Rail Grinding Machine market size was value at US$ 878.87 million in 2021 and is forecast to be a readjusted size of US$ 1,092.19 million by 2028 with a CAGR of 5.45% during the forecast period 2022-2028.
The global main manufacturers of Rail Grinding Machine include China State Railway Group, Vossloh, Loram, CRRC Corporation, Speno International, Linsinger, CRCC High-Tech Equipment Corporation, Harsco Rail, etc. In 2021, the global six largest players have a share approximately 63.60% in terms of revenue.
The North America Rail Grinding Machine market size was US$ 53.02 million in 2021, while China was about US$ 335.72 million. The proportion of the China was 38.20% in 2021 and it is predicted that the share will reach 43.30% in 2028, trailing a CAGR of 5.02 % through the analysis period. As for the Europe Rail Grinding Machine landscape, Germany is projected to reach US$ 43.92 million by 2028. And in Asia, the notable markets are Japan, CAGR is 3.77 % respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Milling Type accounting for 32.35% of the Rail Grinding Machine global market in 2021, is projected to value US$ 433.91 million by 2028, growing at a revised 8.75% CAGR from 2022 to 2028. While High-Speed Railway segment is altered to a 6.13% CAGR throughout this forecast period and will hold a share about 36.10% in 2028.
Global Rail Grinding Machine Scope and Market Size
The global Rail Grinding Machine market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Rail Grinding Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
China State Railway Group
Vossloh
Loram
CRRC Corporation
Speno International
Linsinger
CRCC High-Tech Equipment Corporation
Harsco Rail
Scheuchzer SA
Plasser & Theurer
Salcef Group SpA
WINDHOFF
TsingInst Railway Technology
Autech AG
Goldschmidt
ZAGRO Group
L&S GmbH
Segment by Type
Milling Type
Grinding Type
Segment by Application
High-Speed Railway
Heavy Haul Railway
Urban Railway
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
Korea
India
Southeast Asia
Australia
Europe
Germany
France
UK
Russia
Italy
Other
Latin America
Brazil
Other
Middle East & Africa
Middle East
Africa
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