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Wheels & Axles for Railways-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 Wheels & Axles for Railways market size is expected to reach US$ 6284.9 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Wheels & Axles for Railways in various end use industries. The expanding demands from the High-speed Train, Locomotives, Railroad Passenger Cars and Railroad Freight Cars, are propelling Wheels & Axles for Railways 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 Wheels & Axles for Railways, 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 Wheels & Axles for Railways 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 Wheels & Axles for Railways market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wheels & Axles for Railways 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 Wheels & Axles for Railways covered in this report include Amsted Rail, NSSMC, Taiyuan Heavy Industry, Masteel, GHH-BONATRANS, Jinxi Axle, Interpipe, Penn Machine and EVRAZ NTMK, etc.
The global Wheels & Axles for Railways market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Amsted Rail
NSSMC
Taiyuan Heavy Industry
Masteel
GHH-BONATRANS
Jinxi Axle
Interpipe
Penn Machine
EVRAZ NTMK
OMK
Xinyang Tonghe Wheels
GMH-Gruppe
Global Wheels & Axles for Railways 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 Wheels & Axles for Railways market, Segment by Type:
Rolled Wheels & Axles
Forged Wheels & Axles
Global Wheels & Axles for Railways market, by Application
High-speed Train
Locomotives
Railroad Passenger Cars
Railroad Freight Cars
Metro
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 Wheels & Axles for Railways manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wheels & Axles for Railways 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 Wheels & Axles for Railways market size is expected to reach US$ 6284.9 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Wheels & Axles for Railways in various end use industries. The expanding demands from the High-speed Train, Locomotives, Railroad Passenger Cars and Railroad Freight Cars, are propelling Wheels & Axles for Railways 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 Wheels & Axles for Railways, 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 Wheels & Axles for Railways 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 Wheels & Axles for Railways market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wheels & Axles for Railways 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 Wheels & Axles for Railways covered in this report include Amsted Rail, NSSMC, Taiyuan Heavy Industry, Masteel, GHH-BONATRANS, Jinxi Axle, Interpipe, Penn Machine and EVRAZ NTMK, etc.
The global Wheels & Axles for Railways market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Amsted Rail
NSSMC
Taiyuan Heavy Industry
Masteel
GHH-BONATRANS
Jinxi Axle
Interpipe
Penn Machine
EVRAZ NTMK
OMK
Xinyang Tonghe Wheels
GMH-Gruppe
Global Wheels & Axles for Railways 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 Wheels & Axles for Railways market, Segment by Type:
Rolled Wheels & Axles
Forged Wheels & Axles
Global Wheels & Axles for Railways market, by Application
High-speed Train
Locomotives
Railroad Passenger Cars
Railroad Freight Cars
Metro
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 Wheels & Axles for Railways manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wheels & Axles for Railways 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 Wheels & Axles for Railways Market Overview
1.1 Wheels & Axles for Railways Product Overview
1.2 Wheels & Axles for Railways Market Segment by Type
1.2.1 Rolled Wheels & Axles
1.2.2 Forged Wheels & Axles
1.3 Global Wheels & Axles for Railways Market Size by Type
1.3.1 Global Wheels & Axles for Railways Market Size Overview by Type (2018-2029)
1.3.2 Global Wheels & Axles for Railways Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wheels & Axles for Railways Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wheels & Axles for Railways Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wheels & Axles for Railways Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wheels & Axles for Railways Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wheels & Axles for Railways Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wheels & Axles for Railways Sales Breakdown by Type (2018-2023)
2 Global Wheels & Axles for Railways Market Competition by Company
2.1 Global Top Players by Wheels & Axles for Railways Sales (2018-2023)
2.2 Global Top Players by Wheels & Axles for Railways Revenue (2018-2023)
2.3 Global Top Players by Wheels & Axles for Railways Price (2018-2023)
2.4 Global Top Manufacturers Wheels & Axles for Railways Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wheels & Axles for Railways Market Competitive Situation and Trends
2.5.1 Wheels & Axles for Railways Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wheels & Axles for Railways 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 Wheels & Axles for Railways as of 2022)
2.7 Date of Key Manufacturers Enter into Wheels & Axles for Railways Market
2.8 Key Manufacturers Wheels & Axles for Railways Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wheels & Axles for Railways Status and Outlook by Region
3.1 Global Wheels & Axles for Railways Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wheels & Axles for Railways Historic Market Size by Region
3.2.1 Global Wheels & Axles for Railways Sales in Volume by Region (2018-2023)
3.2.2 Global Wheels & Axles for Railways Sales in Value by Region (2018-2023)
3.2.3 Global Wheels & Axles for Railways Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wheels & Axles for Railways Forecasted Market Size by Region
3.3.1 Global Wheels & Axles for Railways Sales in Volume by Region (2024-2029)
3.3.2 Global Wheels & Axles for Railways Sales in Value by Region (2024-2029)
3.3.3 Global Wheels & Axles for Railways Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wheels & Axles for Railways by Application
4.1 Wheels & Axles for Railways Market Segment by Application
4.1.1 High-speed Train
4.1.2 Locomotives
4.1.3 Railroad Passenger Cars
4.1.4 Railroad Freight Cars
4.1.5 Metro
4.2 Global Wheels & Axles for Railways Market Size by Application
4.2.1 Global Wheels & Axles for Railways Market Size Overview by Application (2018-2029)
4.2.2 Global Wheels & Axles for Railways Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wheels & Axles for Railways Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wheels & Axles for Railways Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wheels & Axles for Railways Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wheels & Axles for Railways Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wheels & Axles for Railways Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wheels & Axles for Railways Sales Breakdown by Application (2018-2023)
5 North America Wheels & Axles for Railways by Country
5.1 North America Wheels & Axles for Railways Historic Market Size by Country
5.1.1 North America Wheels & Axles for Railways Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wheels & Axles for Railways Sales in Volume by Country (2018-2023)
5.1.3 North America Wheels & Axles for Railways Sales in Value by Country (2018-2023)
5.2 North America Wheels & Axles for Railways Forecasted Market Size by Country
5.2.1 North America Wheels & Axles for Railways Sales in Volume by Country (2024-2029)
5.2.2 North America Wheels & Axles for Railways Sales in Value by Country (2024-2029)
6 Europe Wheels & Axles for Railways by Country
6.1 Europe Wheels & Axles for Railways Historic Market Size by Country
6.1.1 Europe Wheels & Axles for Railways Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wheels & Axles for Railways Sales in Volume by Country (2018-2023)
6.1.3 Europe Wheels & Axles for Railways Sales in Value by Country (2018-2023)
6.2 Europe Wheels & Axles for Railways Forecasted Market Size by Country
6.2.1 Europe Wheels & Axles for Railways Sales in Volume by Country (2024-2029)
6.2.2 Europe Wheels & Axles for Railways Sales in Value by Country (2024-2029)
7 Asia-Pacific Wheels & Axles for Railways by Region
7.1 Asia-Pacific Wheels & Axles for Railways Historic Market Size by Region
7.1.1 Asia-Pacific Wheels & Axles for Railways Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wheels & Axles for Railways Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wheels & Axles for Railways Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wheels & Axles for Railways Forecasted Market Size by Region
7.2.1 Asia-Pacific Wheels & Axles for Railways Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wheels & Axles for Railways Sales in Value by Region (2024-2029)
8 Latin America Wheels & Axles for Railways by Country
8.1 Latin America Wheels & Axles for Railways Historic Market Size by Country
8.1.1 Latin America Wheels & Axles for Railways Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wheels & Axles for Railways Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wheels & Axles for Railways Sales in Value by Country (2018-2023)
8.2 Latin America Wheels & Axles for Railways Forecasted Market Size by Country
8.2.1 Latin America Wheels & Axles for Railways Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wheels & Axles for Railways Sales in Value by Country (2024-2029)
9 Middle East and Africa Wheels & Axles for Railways by Country
9.1 Middle East and Africa Wheels & Axles for Railways Historic Market Size by Country
9.1.1 Middle East and Africa Wheels & Axles for Railways Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wheels & Axles for Railways Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wheels & Axles for Railways Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wheels & Axles for Railways Forecasted Market Size by Country
9.2.1 Middle East and Africa Wheels & Axles for Railways Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wheels & Axles for Railways Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Amsted Rail
10.1.1 Amsted Rail Company Information
10.1.2 Amsted Rail Introduction and Business Overview
10.1.3 Amsted Rail Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Amsted Rail Wheels & Axles for Railways Products Offered
10.1.5 Amsted Rail Recent Development
10.2 NSSMC
10.2.1 NSSMC Company Information
10.2.2 NSSMC Introduction and Business Overview
10.2.3 NSSMC Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.2.4 NSSMC Wheels & Axles for Railways Products Offered
10.2.5 NSSMC Recent Development
10.3 Taiyuan Heavy Industry
10.3.1 Taiyuan Heavy Industry Company Information
10.3.2 Taiyuan Heavy Industry Introduction and Business Overview
10.3.3 Taiyuan Heavy Industry Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Taiyuan Heavy Industry Wheels & Axles for Railways Products Offered
10.3.5 Taiyuan Heavy Industry Recent Development
10.4 Masteel
10.4.1 Masteel Company Information
10.4.2 Masteel Introduction and Business Overview
10.4.3 Masteel Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Masteel Wheels & Axles for Railways Products Offered
10.4.5 Masteel Recent Development
10.5 GHH-BONATRANS
10.5.1 GHH-BONATRANS Company Information
10.5.2 GHH-BONATRANS Introduction and Business Overview
10.5.3 GHH-BONATRANS Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GHH-BONATRANS Wheels & Axles for Railways Products Offered
10.5.5 GHH-BONATRANS Recent Development
10.6 Jinxi Axle
10.6.1 Jinxi Axle Company Information
10.6.2 Jinxi Axle Introduction and Business Overview
10.6.3 Jinxi Axle Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Jinxi Axle Wheels & Axles for Railways Products Offered
10.6.5 Jinxi Axle Recent Development
10.7 Interpipe
10.7.1 Interpipe Company Information
10.7.2 Interpipe Introduction and Business Overview
10.7.3 Interpipe Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Interpipe Wheels & Axles for Railways Products Offered
10.7.5 Interpipe Recent Development
10.8 Penn Machine
10.8.1 Penn Machine Company Information
10.8.2 Penn Machine Introduction and Business Overview
10.8.3 Penn Machine Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Penn Machine Wheels & Axles for Railways Products Offered
10.8.5 Penn Machine Recent Development
10.9 EVRAZ NTMK
10.9.1 EVRAZ NTMK Company Information
10.9.2 EVRAZ NTMK Introduction and Business Overview
10.9.3 EVRAZ NTMK Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.9.4 EVRAZ NTMK Wheels & Axles for Railways Products Offered
10.9.5 EVRAZ NTMK Recent Development
10.10 OMK
10.10.1 OMK Company Information
10.10.2 OMK Introduction and Business Overview
10.10.3 OMK Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.10.4 OMK Wheels & Axles for Railways Products Offered
10.10.5 OMK Recent Development
10.11 Xinyang Tonghe Wheels
10.11.1 Xinyang Tonghe Wheels Company Information
10.11.2 Xinyang Tonghe Wheels Introduction and Business Overview
10.11.3 Xinyang Tonghe Wheels Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Xinyang Tonghe Wheels Wheels & Axles for Railways Products Offered
10.11.5 Xinyang Tonghe Wheels Recent Development
10.12 GMH-Gruppe
10.12.1 GMH-Gruppe Company Information
10.12.2 GMH-Gruppe Introduction and Business Overview
10.12.3 GMH-Gruppe Wheels & Axles for Railways Sales, Revenue and Gross Margin (2018-2023)
10.12.4 GMH-Gruppe Wheels & Axles for Railways Products Offered
10.12.5 GMH-Gruppe Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wheels & Axles for Railways 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 Wheels & Axles for Railways Industrial Chain Analysis
11.4 Wheels & Axles for Railways Market Dynamics
11.4.1 Wheels & Axles for Railways Industry Trends
11.4.2 Wheels & Axles for Railways Market Drivers
11.4.3 Wheels & Axles for Railways Market Challenges
11.4.4 Wheels & Axles for Railways Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wheels & Axles for Railways Distributors
12.3 Wheels & Axles for Railways 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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