Global Dragging Equipment Detector Market 2017-2021

Overview of the global dragging equipment detector market

Research analysis on the global dragging equipment detector market identifies that the rise in investments for railway projects will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. The rising volume of investment in railway projects will lead to the  increased demand for infrastructure systems. The railway projects aim to improve existing railway tracks by providing better track control systems. The investment in upcoming railway projects will foster better railway infrastructure, which will also increase the need for track control systems. Each new project needs equipment for the implementation of track control systems which in turn propels growth in the global dragging equipment detector market.

The rising demand for intelligent transport systems is one of the latest trends that will contribute to the growth of this market in the forthcoming years. Trains communication network is used for the transfer of information and communications. The utilization of gateways, sensors, and detectors facilitates communication among networks. The dragging equipment detectors connect the nodes of the network and help to establish connectivity with the tracks and trains with the help of network elements such as nodes and other gateways. A gateway enables and provides effective control systems for trams, metros, high-speed trains, and locomotives. The demand for intelligent transport systems fosters an escalation in demand for intelligent equipment such as dragging equipment detectors, hot box detectors, and signalling equipment reducing the number of hours required to do the job manually. This will drive the demand for intelligent transport systems which in turn, fuels the use of dragging equipment detectors.

Competitive landscape and key vendors  

The dragging equipment detector market consists of key vendors holding the maximum share. The rising demand for dragging equipment detectors from railway equipment manufacturers is compelling vendors to establish partnerships to understand the design needs and align product offerings accordingly. This leads to increased competition among the suppliers of dragging equipment detectors. Vendors in the market are also trying to operate at full capacity and produce high-quality products. The competition among vendors is expected to intensify further during the forecast period due to innovation, technology, and the use of different materials.

The leading vendors in the market are -

• Metrom Rail
• Inspired Systems
• voestalpine SIGNALING Zeltweg
• Inteletrack
• On-Track Technology
• Ineco

Segmentation by end-user and analysis of the dragging equipment detector market

• Locomotives
• Automated metros

During 2016, the locomotives segment accounted for the major shares of the dragging equipment detector market. The growth of the market in this segment is primarily driven by the expansion of the railway network infrastructure and increasing urbanization. This rising urbanization and industrialization have created demand for locomotive trains and related infrastructure equipment.

Geographical segmentation and analysis of the dragging equipment detector market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the dragging equipment detector market throughout the forecast period. The increasing use of dragging equipment detectors on the railway tracks and the rising demand for wayside inspection systems from the railway sector, will drive the growth of the market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global dragging equipment detector market?
• What are the key market trends impacting the growth of the global dragging equipment detector market?
• What are the challenges to market growth?
• Who are the key vendors in the global dragging equipment detector market?
• What are the market opportunities and threats faced by the vendors in the global dragging equipment detector market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global dragging equipment detector market?

Technavio also offers customization on reports based on specific client requirement.

Dragging equipment is a wayside railroad infrastructure. The device is a cost-effective, flexible system that helps in the detection of dragging equipment or derailments. The system uses acceleration sensors and evaluation electronics for checking the dragged parts. To gain an in-depth knowledge of hardware and semiconductor industry, Technavio offers a large number of research reports, which provides insights into sectors like embedded systems.

The upcoming report on the global dragging equipment detector market offers insights into the total market size, growth rate, and emerging markets with the help of exhaustive primary and secondary research. The data and insights collected from trade journals, expert opinion, and user surveys helps the client in assessing the direction in which the market is heading. This upcoming market research report on the global dragging equipment detector market also covers vendors like Kable (Inteletrack), Vossloh Signaling, Inspired Systems, Ansaldo STS USA, Voestalpine SIGNALING Siershahn, and Inteletrack.

To help the clients expand in niche markets and identify potential market opportunities, this report on the global dragging equipment detector market also covers geographies like the Americas, APAC, and EMEA. This upcoming industry report on the global dragging equipment detector market also considers the growth of similar markets such as the global sorting equipment market, which is expected to grow at a CAGR of around 7% by 2021. Our market research analyst has observed that the increasing investment in public transport might drive the demand for dragging equipment over the next few years.

The upcoming market research report for the global dragging equipment detector market also classifies the major drivers, key trends, as well as the constraints that the embedded systems sector currently experiences. The report provides complete market analysis by interpretation of information from related sectors such as computing devices and lighting.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.