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Press Release:

Global Railway Maintenance Machinery Market to Reach US$ 6.30 Billion by 2027, Impelled by Significant Improvements in the Railway Infrastructure

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
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Railway Maintenance Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global railway maintenance machinery market reached a value of US$ 4.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.30 Billion by 2027, exhibiting a CAGR of 6.42% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Railway maintenance machinery refers to the equipment used to monitor and fix damages on the railway tracks. Some of the commonly used machineries include tampers, ballast regulators, dynamic track stabilizers, ballast cleaners and undercutters. They are majorly used for inspecting, repairing and maintaining railway tracks to ensure smooth functioning and enhanced operational life of the railway tracks. They are also utilized for the mechanical maintenance of vertical and horizontal alignment of the railway tracks. The equipment can be utilized on both ballast and non-ballast tracks to lift the sleeper and pack the ballast to prevent abrasion, deformation, change of geometry and damage to various components of the tracks.

 
 

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Railway Maintenance Machinery Market Trends:

Significant improvement in the railway infrastructure, especially in developing economies, is one of the key factors driving the market growth. Governments are extensively investing in refurbishing the existing railway tracks to provide a secure, safe and efficient travel experience to the masses. Moreover, increasing instances of railway accidents and train derailment is also providing a thrust to the market growth. Periodic maintenance activities aid in preventing such incidents and minimizing the loss of lives and property. In line with this, the widespread adoption of electric trains in place of fuel-powered trains is also increasing the demand for railway maintenance machinery. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. Railway maintenance organizations are using scalable and cloud-based systems for signaling, controlling, supervising and protecting railway systems. Other factors, including rapid urbanization, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global railway maintenance machinery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and sales type.

Breakup by Product Type:

 

 
 

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  • Tamping Machine
  • Stabilizing Machinery
  • Rail Handling Machinery
  • Ballast Cleaning Machinery
  • Others
     

Breakup by Application:

  • Ballast Track
  • Non-Ballast Track
     

Breakup by Sales Type:

  • New Sales
  • Aftermarket
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Equipment Company Inc (Fluor Corporation), China Railway Construction Corporation Limited, Geatech Group srl, Harsco Corporation, Loram Maintenance of Way Inc. (Coril Holdings Ltd.), MATISA Industrial Materials S.A, Plasser & Theurer, Speno International SA, Strukton, Teräspyörä-Steelwheel Oy

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
 Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Application, Sales Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Equipment Company Inc (Fluor Corporation), China Railway Construction Corporation Limited, Geatech Group srl, Harsco Corporation, Loram Maintenance of Way Inc. (Coril Holdings Ltd.), MATISA Industrial Materials S.A, Plasser & Theurer, Speno International SA, Strukton and Teräspyörä-Steelwheel Oy
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Railway Maintenance Machinery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Tamping Machine
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Stabilizing Machinery
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Rail Handling Machinery
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Ballast Cleaning Machinery
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Application
    7.1    Ballast Track
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Non-Ballast Track
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Sales Type
    8.1    New Sales
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    American Equipment Company Inc (Fluor Corporation)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    China Railway Construction Corporation Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Geatech Group srl
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Harsco Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Loram Maintenance of Way Inc. (Coril Holdings Ltd.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    MATISA Industrial Materials S.A
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Plasser & Theurer
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Speno International SA
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Strukton
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 SWOT Analysis
        14.3.10    Teräspyörä-Steelwheel Oy
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Railway Maintenance Machinery Market: Major Drivers and Challenges
Figure 2: Global: Railway Maintenance Machinery Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Railway Maintenance Machinery Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Railway Maintenance Machinery Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Railway Maintenance Machinery Market: Breakup by Application (in %), 2021
Figure 6: Global: Railway Maintenance Machinery Market: Breakup by Sales Type (in %), 2021
Figure 7: Global: Railway Maintenance Machinery Market: Breakup by Region (in %), 2021
Figure 8: Global: Railway Maintenance Machinery (Tamping Machine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Railway Maintenance Machinery (Tamping Machine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Railway Maintenance Machinery (Stabilizing Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Railway Maintenance Machinery (Stabilizing Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Railway Maintenance Machinery (Rail Handling Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Railway Maintenance Machinery (Rail Handling Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Railway Maintenance Machinery (Ballast Cleaning Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Railway Maintenance Machinery (Ballast Cleaning Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Railway Maintenance Machinery (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Railway Maintenance Machinery (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Railway Maintenance Machinery (Ballast Track) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Railway Maintenance Machinery (Ballast Track) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Railway Maintenance Machinery (Non-Ballast Track) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Railway Maintenance Machinery (Non-Ballast Track) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Railway Maintenance Machinery (New Sales) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Railway Maintenance Machinery (New Sales) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Railway Maintenance Machinery (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Railway Maintenance Machinery (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Railway Maintenance Machinery Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Railway Maintenance Machinery Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Railway Maintenance Machinery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Railway Maintenance Machinery Industry: SWOT Analysis
Figure 76: Global: Railway Maintenance Machinery Industry: Value Chain Analysis
Figure 77: Global: Railway Maintenance Machinery Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Railway Maintenance Machinery Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Railway Maintenance Machinery Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Railway Maintenance Machinery Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Railway Maintenance Machinery Market Forecast: Breakup by Sales Type (in Million US$), 2022-2027
Table 5: Global: Railway Maintenance Machinery Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Railway Maintenance Machinery Market: Competitive Structure
Table 7: Global: Railway Maintenance Machinery Market: Key Players

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Key Questions Answered in This Report

The global railway maintenance machinery market was valued at US$ 4.25 Billion in 2021.

We expect the global railway maintenance machinery market to exhibit a CAGR of 6.42% during 2022-
2027.

Continuous upgradation of existing railway infrastructures, along with the rising application of railway
maintenance machinery to monitor and fix damages on the railway tracks, is primarily catalyzing the
global railway maintenance machinery market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in transportation restrictions and delay in the logistics
activities, thereby limiting the demand for railway maintenance machinery.

Based on the product type, the global railway maintenance machinery market can be segmented into
tamping machine, stabilizing machinery, rail handling machinery, ballast cleaning machinery, and others.
Among these, tamping machine currently holds the majority of the total market share.

Based on the application, the global railway maintenance machinery market has been divided into
ballast track and non-ballast track, where ballast track currently exhibits a clear dominance in the
market.

Based on the sales type, the global railway maintenance machinery market can be categorized into new
sales and aftermarket. Currently, aftermarket sales account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global railway maintenance machinery market include American
Equipment Company Inc (Fluor Corporation), China Railway Construction Corporation Limited, Geatech
Group srl, Harsco Corporation, Loram Maintenance of Way Inc. (Coril Holdings Ltd.), MATISA Industrial
Materials S.A, Plasser & Theurer, Speno International SA, Strukton, Teräspyörä-Steelwheel Oy, etc.

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