The global Rail Wheels market was valued at US$ 2502.9 million in 2019 and it is expected to reach US$ 2704.5 million by the end of 2026, growing at a CAGR of 1.1% during 2021-2026.
Rail Wheels a type of Wheel specially designed for use on rail tracks. The Wheels is on the rails without guidance except for the shape of the tyre in relation to the rail head. Contrary to popular belief, the flanges should not touch the rails. Flanges are only a last resort to prevent the wheels becoming derailed – they’re a safety feature. The Wheel tyre is coned and the rail head slightly curved. Ideally, the Wheel profile should be determined by agreement between the railway infrastructure owner and the rolling stock owner. Of course, it varies from place to place but it is rarely a simple angle. It’s usually a carefully calculated compound form. With respect to the rail angle, in the UK for example, it is set at 1 in 20 (1/20 or 0.05). In the US and France it’s usually at 1/40. Light rail systems operating over roadways will have special profiles.
The rail wheel industry is related to the national economy so rail wheels’ manufacturers are usually large companies. The leading players are NSSMC, Interpipe, OMK Steel. In each region, there are local suppliers dominate the market and they are working hard to seize more market by strengthening their sales and distribution networks. Based on the Rail Wheels application, the Rail Wheels market is sub-segmented into several major applications, like High speed, Freight Wagons, Passenger Wagons, Locos, etc. In 2018, Freight Wagons for a major share of 75.28%.
Global Rail Wheels Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Rail Wheels Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Nssmc, Interpipe, Omk Steel, Evraz Ntmk, Bochumer Verein Verkehrstechnik (Bvv), Lucchini Rs, Rail Wheel Factory, Ghh-Bonatrans, Durgapur Steel Plant, Amsted Rail, Caf, Comsteel, Masteel, Taiyuan Heavy Industry, Datong Abc Castings Company, Xinyang Tonghe Wheels, Zhibo Lucchini Railway Equipment and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-rail-wheels-market-research-report
Segment by Type
- High speed
- Freight Wagons
- Passenger Wagons
Segment by Application
- OE Market
- AM Market
Table of Content:
1 Rail Wheels Market Overview
2 Rail Wheels Market Competition by Manufacturers
3 Rail Wheels Retrospective Market Scenario by Region
4 Global Rail Wheels Historic Market Analysis by Type
5 Global Rail Wheels Historic Market Analysis by Application
6 Key Companies Profiled
7 Rail Wheels Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Rail Wheels Market Dynamics
10 Global Rail Wheels Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta