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Rail Wheels and Axles-Global Market Insights and Sales Trends 2024
Synopsis
A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
The global Rail Wheels and Axles market size is expected to reach US$ 6294.8 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Rail Wheels and Axles in various end use industries. The expanding demands from the Unit Trains, Mixed Freight Trains and Intermodal Trains,, are propelling Rail Wheels and Axles market. Rolled Wheels & Axles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Forged Wheels & Axles segment is estimated at % CAGR for the next seven-year period.
Global Wheels & Axles for Railways key players include Lucchini RS, GHH-BONATRANS, NSSMC, Interpipe, Taiyuan Heavy Industry, etc. Global top five manufacturers hold a share about 40%. CIS is the largest market, with a share about 35%, followed by China, with a share about 30 percent. In terms of product, Forged Wheels & Axles is the largest segment, with a share about 50%. And in terms of application, the largest application is Railroad Passenger Cars, followed by Railroad Freight Cars, High-speed Trains, Locomotives.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Rail Wheels and Axles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Rail Wheels and Axles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Rail Wheels and Axles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Rail Wheels and Axles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Rail Wheels and Axles covered in this report include GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel and NSSMC, etc.
The global Rail Wheels and Axles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GHH-BONATRANS
Lucchini RS
EVRAZ NTMK
GMH-Gruppe
Interpipe
OMK
Amsted Rail
Masteel
NSSMC
Kolowag
Global Rail Wheels and Axles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Rail Wheels and Axles market, Segment by Type:
Rolled Wheels & Axles
Forged Wheels & Axles
Global Rail Wheels and Axles market, by Application
Unit Trains
Mixed Freight Trains
Intermodal Trains
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Rail Wheels and Axles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Rail Wheels and Axles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
The global Rail Wheels and Axles market size is expected to reach US$ 6294.8 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Rail Wheels and Axles in various end use industries. The expanding demands from the Unit Trains, Mixed Freight Trains and Intermodal Trains,, are propelling Rail Wheels and Axles market. Rolled Wheels & Axles, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Forged Wheels & Axles segment is estimated at % CAGR for the next seven-year period.
Global Wheels & Axles for Railways key players include Lucchini RS, GHH-BONATRANS, NSSMC, Interpipe, Taiyuan Heavy Industry, etc. Global top five manufacturers hold a share about 40%. CIS is the largest market, with a share about 35%, followed by China, with a share about 30 percent. In terms of product, Forged Wheels & Axles is the largest segment, with a share about 50%. And in terms of application, the largest application is Railroad Passenger Cars, followed by Railroad Freight Cars, High-speed Trains, Locomotives.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Rail Wheels and Axles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Rail Wheels and Axles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Rail Wheels and Axles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Rail Wheels and Axles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Rail Wheels and Axles covered in this report include GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel and NSSMC, etc.
The global Rail Wheels and Axles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GHH-BONATRANS
Lucchini RS
EVRAZ NTMK
GMH-Gruppe
Interpipe
OMK
Amsted Rail
Masteel
NSSMC
Kolowag
Global Rail Wheels and Axles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Rail Wheels and Axles market, Segment by Type:
Rolled Wheels & Axles
Forged Wheels & Axles
Global Rail Wheels and Axles market, by Application
Unit Trains
Mixed Freight Trains
Intermodal Trains
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Rail Wheels and Axles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Rail Wheels and Axles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Rail Wheels and Axles Market Overview
1.1 Rail Wheels and Axles Product Overview
1.2 Rail Wheels and Axles Market Segment by Type
1.2.1 Rolled Wheels & Axles
1.2.2 Forged Wheels & Axles
1.3 Global Rail Wheels and Axles Market Size by Type
1.3.1 Global Rail Wheels and Axles Market Size Overview by Type (2018-2029)
1.3.2 Global Rail Wheels and Axles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Rail Wheels and Axles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Rail Wheels and Axles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Rail Wheels and Axles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Rail Wheels and Axles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Rail Wheels and Axles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Rail Wheels and Axles Sales Breakdown by Type (2018-2023)
2 Global Rail Wheels and Axles Market Competition by Company
2.1 Global Top Players by Rail Wheels and Axles Sales (2018-2023)
2.2 Global Top Players by Rail Wheels and Axles Revenue (2018-2023)
2.3 Global Top Players by Rail Wheels and Axles Price (2018-2023)
2.4 Global Top Manufacturers Rail Wheels and Axles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Rail Wheels and Axles Market Competitive Situation and Trends
2.5.1 Rail Wheels and Axles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Rail Wheels and Axles Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Rail Wheels and Axles as of 2022)
2.7 Date of Key Manufacturers Enter into Rail Wheels and Axles Market
2.8 Key Manufacturers Rail Wheels and Axles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Rail Wheels and Axles Status and Outlook by Region
3.1 Global Rail Wheels and Axles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Rail Wheels and Axles Historic Market Size by Region
3.2.1 Global Rail Wheels and Axles Sales in Volume by Region (2018-2023)
3.2.2 Global Rail Wheels and Axles Sales in Value by Region (2018-2023)
3.2.3 Global Rail Wheels and Axles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Rail Wheels and Axles Forecasted Market Size by Region
3.3.1 Global Rail Wheels and Axles Sales in Volume by Region (2024-2029)
3.3.2 Global Rail Wheels and Axles Sales in Value by Region (2024-2029)
3.3.3 Global Rail Wheels and Axles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Rail Wheels and Axles by Application
4.1 Rail Wheels and Axles Market Segment by Application
4.1.1 Unit Trains
4.1.2 Mixed Freight Trains
4.1.3 Intermodal Trains
4.2 Global Rail Wheels and Axles Market Size by Application
4.2.1 Global Rail Wheels and Axles Market Size Overview by Application (2018-2029)
4.2.2 Global Rail Wheels and Axles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Rail Wheels and Axles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Rail Wheels and Axles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Rail Wheels and Axles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Rail Wheels and Axles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Rail Wheels and Axles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Rail Wheels and Axles Sales Breakdown by Application (2018-2023)
5 North America Rail Wheels and Axles by Country
5.1 North America Rail Wheels and Axles Historic Market Size by Country
5.1.1 North America Rail Wheels and Axles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Rail Wheels and Axles Sales in Volume by Country (2018-2023)
5.1.3 North America Rail Wheels and Axles Sales in Value by Country (2018-2023)
5.2 North America Rail Wheels and Axles Forecasted Market Size by Country
5.2.1 North America Rail Wheels and Axles Sales in Volume by Country (2024-2029)
5.2.2 North America Rail Wheels and Axles Sales in Value by Country (2024-2029)
6 Europe Rail Wheels and Axles by Country
6.1 Europe Rail Wheels and Axles Historic Market Size by Country
6.1.1 Europe Rail Wheels and Axles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Rail Wheels and Axles Sales in Volume by Country (2018-2023)
6.1.3 Europe Rail Wheels and Axles Sales in Value by Country (2018-2023)
6.2 Europe Rail Wheels and Axles Forecasted Market Size by Country
6.2.1 Europe Rail Wheels and Axles Sales in Volume by Country (2024-2029)
6.2.2 Europe Rail Wheels and Axles Sales in Value by Country (2024-2029)
7 Asia-Pacific Rail Wheels and Axles by Region
7.1 Asia-Pacific Rail Wheels and Axles Historic Market Size by Region
7.1.1 Asia-Pacific Rail Wheels and Axles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Rail Wheels and Axles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Rail Wheels and Axles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Rail Wheels and Axles Forecasted Market Size by Region
7.2.1 Asia-Pacific Rail Wheels and Axles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Rail Wheels and Axles Sales in Value by Region (2024-2029)
8 Latin America Rail Wheels and Axles by Country
8.1 Latin America Rail Wheels and Axles Historic Market Size by Country
8.1.1 Latin America Rail Wheels and Axles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Rail Wheels and Axles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Rail Wheels and Axles Sales in Value by Country (2018-2023)
8.2 Latin America Rail Wheels and Axles Forecasted Market Size by Country
8.2.1 Latin America Rail Wheels and Axles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Rail Wheels and Axles Sales in Value by Country (2024-2029)
9 Middle East and Africa Rail Wheels and Axles by Country
9.1 Middle East and Africa Rail Wheels and Axles Historic Market Size by Country
9.1.1 Middle East and Africa Rail Wheels and Axles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Rail Wheels and Axles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Rail Wheels and Axles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Rail Wheels and Axles Forecasted Market Size by Country
9.2.1 Middle East and Africa Rail Wheels and Axles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Rail Wheels and Axles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 GHH-BONATRANS
10.1.1 GHH-BONATRANS Company Information
10.1.2 GHH-BONATRANS Introduction and Business Overview
10.1.3 GHH-BONATRANS Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 GHH-BONATRANS Rail Wheels and Axles Products Offered
10.1.5 GHH-BONATRANS Recent Development
10.2 Lucchini RS
10.2.1 Lucchini RS Company Information
10.2.2 Lucchini RS Introduction and Business Overview
10.2.3 Lucchini RS Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Lucchini RS Rail Wheels and Axles Products Offered
10.2.5 Lucchini RS Recent Development
10.3 EVRAZ NTMK
10.3.1 EVRAZ NTMK Company Information
10.3.2 EVRAZ NTMK Introduction and Business Overview
10.3.3 EVRAZ NTMK Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 EVRAZ NTMK Rail Wheels and Axles Products Offered
10.3.5 EVRAZ NTMK Recent Development
10.4 GMH-Gruppe
10.4.1 GMH-Gruppe Company Information
10.4.2 GMH-Gruppe Introduction and Business Overview
10.4.3 GMH-Gruppe Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GMH-Gruppe Rail Wheels and Axles Products Offered
10.4.5 GMH-Gruppe Recent Development
10.5 Interpipe
10.5.1 Interpipe Company Information
10.5.2 Interpipe Introduction and Business Overview
10.5.3 Interpipe Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Interpipe Rail Wheels and Axles Products Offered
10.5.5 Interpipe Recent Development
10.6 OMK
10.6.1 OMK Company Information
10.6.2 OMK Introduction and Business Overview
10.6.3 OMK Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 OMK Rail Wheels and Axles Products Offered
10.6.5 OMK Recent Development
10.7 Amsted Rail
10.7.1 Amsted Rail Company Information
10.7.2 Amsted Rail Introduction and Business Overview
10.7.3 Amsted Rail Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Amsted Rail Rail Wheels and Axles Products Offered
10.7.5 Amsted Rail Recent Development
10.8 Masteel
10.8.1 Masteel Company Information
10.8.2 Masteel Introduction and Business Overview
10.8.3 Masteel Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Masteel Rail Wheels and Axles Products Offered
10.8.5 Masteel Recent Development
10.9 NSSMC
10.9.1 NSSMC Company Information
10.9.2 NSSMC Introduction and Business Overview
10.9.3 NSSMC Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 NSSMC Rail Wheels and Axles Products Offered
10.9.5 NSSMC Recent Development
10.10 Kolowag
10.10.1 Kolowag Company Information
10.10.2 Kolowag Introduction and Business Overview
10.10.3 Kolowag Rail Wheels and Axles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Kolowag Rail Wheels and Axles Products Offered
10.10.5 Kolowag Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Rail Wheels and Axles Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Rail Wheels and Axles Industrial Chain Analysis
11.4 Rail Wheels and Axles Market Dynamics
11.4.1 Rail Wheels and Axles Industry Trends
11.4.2 Rail Wheels and Axles Market Drivers
11.4.3 Rail Wheels and Axles Market Challenges
11.4.4 Rail Wheels and Axles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Rail Wheels and Axles Distributors
12.3 Rail Wheels and Axles Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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