Railway Maintenance Machinery Market 2020-2024 | Increasing Number of Railway Electrification Projects to Boost Growth | Technavio
Technavio has been monitoring the railway maintenance machinery market and it is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Equipment Co., CRCC High-Tech Equipment Corp. Ltd., GEATECH Group Srl, Harsco Corp., Loram Maintenance of Way Inc., Plasser & Theurer Export von Bahnbaumaschinen GmbH, ROBEL Bahnbaumaschinen GmbH, RPM Group, Speno International SA, and Strukton are some of the major market participants. The increasing number of railway electrification projects will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing number of railway electrification projects has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our railway maintenance machinery market report covers the following areas:
Railway maintenance machinery market size
Railway maintenance machinery market trends
Railway maintenance machinery market industry analysis
This study identifies IoT-based remote monitoring of train and tracks as one of the prime reasons driving the railway maintenance machinery market growth during the next few years.
We provide a detailed analysis of vendors operating in the railway maintenance machinery market, including some of the vendors such as American Equipment Co., CRCC High-Tech Equipment Corp. Ltd., GEATECH Group Srl, Harsco Corp., Loram Maintenance of Way Inc., Plasser & Theurer Export von Bahnbaumaschinen GmbH, ROBEL Bahnbaumaschinen GmbH, RPM Group, Speno International SA, and Strukton. Backed with competitive intelligence and benchmarking, our research reports on the railway maintenance machinery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist railway maintenance machinery market growth during the next five years
Estimation of the railway maintenance machinery market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the railway maintenance machinery market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of railway maintenance machinery market vendors
Table Of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product placement
Work vehicles - Market size and forecast 2019-2024
Small equipment - Market size and forecast 2019-2024
Market opportunity by Product
Customer Landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
American Equipment Co.
CRCC High-Tech Equipment Corp. Ltd.
GEATECH Group Srl
Harsco Corp.
Loram Maintenance of Way Inc.
Plasser & Theurer Export von Bahnbaumaschinen GmbH
ROBEL Bahnbaumaschinen GmbH
RPM Group
Speno International SA
Strukton
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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