Rail Wheel Market by Type, Application and Geography - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 169 SKU: IRTNTR75624

Rail Wheel Market Analysis Report 2023-2027:

The Rail Wheel Market size is estimated to grow at a CAGR of 5.27% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,203.58 million. The growth of the market depends on several factors, such as the growing rail passenger traffic, the railway infrastructure development in Asian countries, and the increased demand for rail logistics due to rising trade activities.

This report extensively covers market segmentation by type (freight trains, long-distance trains, suburban trains, and metro and monorails), application (OEM and aftermarket), and geography( APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Rail Wheel Market During the Forecast Period?

Rail Wheel  Market Forecast 2023-2027

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Rail Wheel Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver
Growing rail passenger traffic is a major driving factor for the growth of the rail wheel market during the forecast period. The global rail wheel market is experiencing growth driven by the increasing rail passenger traffic, particularly in urban areas. The market is projected to grow at an average annual rate of around 4% until 2025. The development of railway infrastructure and the implementation of high-speed networks have positioned rail transportation as a sophisticated and preferred mode of travel compared to other options. Developing countries like India, with their growing population and urbanization, are witnessing significant growth in rail passenger traffic.

For example, in India, the volume of rail passenger traffic has increased by 59.21% from October 2021 to September 2022, according to CEIC data. This rise in passenger traffic has resulted in the expansion of passenger rail line networks in these countries. As a result, there is an increased demand for components such as rail wheels for passenger rail vehicles, leading to the growth of the global rail wheel market during the forecast period.

Trends

Increased government funding and public-private partnerships are the primary trends in the global rail wheel market growth. Increased government funding and the implementation of public-private partnership (PPP) projects worldwide are fueling the demand for rail wheels in the management of railway transportation. In North America, substantial investments exceeding USD 550 billion have been made to expand rail networks and improve maintenance activities for locomotives, freight cars, rail wheels, and other equipment. The PPP model has facilitated the development of dedicated freight corridors, enabling efficient and frequent transportation of goods.

This, in turn, drives the demand for new rail wheels and maintenance services. In the Asia-Pacific region, China is actively expanding its rail network, necessitating the purchase and maintenance of railway traction motors. In India, the railway industry plays a vital role in the economy, and the government is focused on enhancing rail infrastructure through PPP projects. Notably, several railway station redevelopments are planned by the private sector, supported by the PPP model. These ongoing expansions in railway infrastructure contribute to the growth of the global rail wheels market during the forecast period.

Challenge

Volatility in the prices of raw materials is a major challenge to the growing rail wheel market. The global rail wheel market is facing challenges due to the unpredictable prices of raw materials used in its production, which can hinder the market growth. Raw materials like steel, aluminum, and cast iron are essential for rail wheel manufacturing, and their prices fluctuate due to factors such as market demand, supply dynamics, currency fluctuations, and geopolitical tensions. These price fluctuations impact the overall production costs, potentially leading to increased prices for rail wheels. The prices of commodities and metals are closely tied to global economic performance and price elasticity, introducing uncertainty into the market and affecting the profit margins of stakeholders in the value chain.

The pricing structure of iron ore, for instance, varies across regions due to import and export tariffs, posing a challenge for the global rail wheel market. The global price of iron ore has experienced volatility in recent years, with fluctuations influenced by high demand, supply shortages, and global economic conditions. Similarly, the ongoing conflict between Russia and Ukraine has caused the price of aluminum to reach unprecedented levels. These price fluctuations and uncertainties in the costs of raw materials present significant challenges for the global rail wheel market, potentially impeding its growth during the forecast period.

Rail Wheel Market Segmentation by Type, Application, Geography 

Type Segment Analysis: 

The demand for freight trains has witnessed significant growth in recent years, driven by the need for efficient and cost-effective transportation of goods. Rail freight remains a crucial component of the global economy, with governments investing in railway infrastructure expansion and new line development to enhance connectivity and promote environmentally responsible transportation.

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The Freight trains segment was valued at USD 1,633.94 million in 2017 and continued to grow until 2021. Rail freight offers lower direct costs compared to other modes, making it an attractive option for domestic transport. The demand for freight trains is expected to increase as the movement of cargo via rail expands, especially in cross-border trade activities such as those between China and Europe. In India, lower-priced rail freight and government initiatives to boost rail infrastructure will contribute to market growth. Additionally, long-distance trains are experiencing growth due to factors like increasing demand for efficient travel, improving railway infrastructure, and environmental concerns.

Moreover, investment in railway projects globally, including in countries like China, India, and various European and Middle Eastern nations, drives the demand for traction motors and supports the growth of long-distance trains. The focus on sustainability and the unique experience offered by long-distance rail journeys are further driving their popularity. Initiatives such as railway electrification trials in the UK and the development of dedicated freight corridors in India contribute to the growth of long-distance trains and subsequently increase the demand for rail wheels. These factors collectively drive the growth of the global rail wheel market in both the freight and long-distance train segments during the forecast period.

Application Segment Analysis: 

Based on application, the market has been segmented into OEM and aftermarket. The OEM segment will account for the largest share of this segment. One of the main drivers for the growth in the OEM segment is the increasing demand for rail transport globally. Governments and transportation companies are investing heavily in rail infrastructure to address traffic congestion and pollution, promote sustainable transportation, and improve connectivity between cities. For instance, in January 2023, China Railway Co. announced its plan to build more than 3,000 km of railways in China by the end of 2023, including 2,500 km of high-speed lines, to upgrade the system into an advanced transport network. China Railway Co. invested USD 104.8 billion in fixed assets in 2022 and built 4,100 km of new railways, including 2,082 km of high-speed lines, meeting its target. The increasing investment is creating substantial demand for rail wheels, and OEMs are responding to this demand by developing advanced technology systems that offer superior performance, durability, and safety. Such factors will increase segment growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 34% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.APAC, comprising countries like India and China, was the largest segment of the global rail wheel market in 2022 and is expected to retain this position throughout the forecast period. The region is experiencing significant growth in rail infrastructure, driven by factors such as the economic shift from West to East, the growth of Asian economies, and urbanization.

Moreover, substantial investments are being made in the railway sector, with trillions of dollars expected to be invested by 2025, particularly in countries like China and India. These countries have extensive railway networks that provide an efficient mode of transportation, especially in areas lacking adequate road infrastructure. The rising costs of fossil fuels and concerns about air pollution have led to a preference for electric trains over diesel locomotives, further fueling the demand for rail wheels in the region. With urban congestion and globalization driving the need for efficient transportation, electric trains are emerging as a viable alternative, driving the growth of the rail wheel market in APAC.

COVID Recovery Analysis:

The COVID-19 pandemic had a severe impact on countries in the APAC region, including India, China, Australia, Malaysia, and Japan, particularly in 2020. However, with the adoption of large-scale vaccination efforts and the resumption of industrial operations and rail transportation, the regional economy began to recover. The opening of manufacturing units and restoration of the supply chain contributed to the market's momentum in early 2021. Additionally, economic growth and the resumption of travel activities supported market growth in 2021 and 2022. Furthermore, the development of railway infrastructure, increasing transportation needs, and the adoption of advanced technologies like smart monitoring systems are expected to drive the growth of the global rail wheel market in the forecast period.

Who are the Major Rail Wheel Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Amsted Industries Inc: The company offers rail wheels such as freight car wheel sets.

Bharat Forge Ltd: The company offers rail wheels such as wheelsets and Turbine wheel impellers.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:

  • ArcelorMittal
  • Bochumer Verein Verkehrstechnik GmbH
  • Bombardier Inc.
  • BONATRANS GROUP a. s
  • Commonwealth Steel Ltd.
  • Construcciones y Auxiliar de Ferrocarriles SA
  • CRRC Corp. Ltd.
  • EVRAZ Plc
  • Georgsmarienhutte Holding GmbH
  • JIANGSU RAILTECO EQUIPMENT CO. LTD.
  • Kolowag
  • Lucchini RS Group
  • Nippon Steel Corp.
  • Qingdao TSKY Railway Equipment Co. Ltd.
  • Ramkrishna Forgings Ltd.
  • Steel Authority of India Ltd.
  • Taiyuan Heavy Industry Co. Ltd.
  • United Metallurgical Co.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The rail wheel market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Freight trains
    • Long-distance trains
    • Suburban trains
    • Metro and monorails
  • Application Outlook (USD Million, 2017 - 2027)
    • OEM
    • Aftermarket
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Rail Wheel Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.27%

Market growth 2023-2027

USD 1,203.58 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.64

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key countries

US, Canada, China, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amsted Industries Inc., ArcelorMittal, Bharat Forge Ltd., Bochumer Verein Verkehrstechnik GmbH, Bombardier Inc., BONATRANS GROUP a. s, Commonwealth Steel Ltd., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corp. Ltd., EVRAZ Plc, Georgsmarienhutte Holding GmbH, JIANGSU RAILTECO EQUIPMENT CO. LTD., Kolowag, Lucchini RS Group, Nippon Steel Corp., Qingdao TSKY Railway Equipment Co. Ltd., Ramkrishna Forgings Ltd., Steel Authority of India Ltd., Taiyuan Heavy Industry Co. Ltd., and United Metallurgical Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Rail Wheel Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth between 2023 and 2027
  • Precise estimation of the size of the rail wheel market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of rail wheel market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global rail wheel market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global rail wheel market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Freight trains - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Freight trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Freight trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Freight trains - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Freight trains - Year-over-year growth 2022-2027 (%)
    • 6.4 Long-distance trains - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Long-distance trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Long-distance trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Long-distance trains - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Long-distance trains - Year-over-year growth 2022-2027 (%)
    • 6.5 Suburban trains - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Suburban trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Suburban trains - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Suburban trains - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Suburban trains - Year-over-year growth 2022-2027 (%)
    • 6.6 Metro and monorails - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Metro and monorails - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Metro and monorails - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Metro and monorails - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Metro and monorails - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)
      • Exhibit 51: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 OEM - Market size and forecast 2022-2027
      • Exhibit 56: Chart on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • 7.4 Aftermarket - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Amsted Industries Inc.
              • Exhibit 119: Amsted Industries Inc. - Overview
              • Exhibit 120: Amsted Industries Inc. - Product / Service
              • Exhibit 121: Amsted Industries Inc. - Key offerings
            • 12.4 ArcelorMittal
              • Exhibit 122: ArcelorMittal - Overview
              • Exhibit 123: ArcelorMittal - Business segments
              • Exhibit 124: ArcelorMittal - Key news
              • Exhibit 125: ArcelorMittal - Key offerings
              • Exhibit 126: ArcelorMittal - Segment focus
            • 12.5 Bharat Forge Ltd.
              • Exhibit 127: Bharat Forge Ltd. - Overview
              • Exhibit 128: Bharat Forge Ltd. - Business segments
              • Exhibit 129: Bharat Forge Ltd. - Key offerings
              • Exhibit 130: Bharat Forge Ltd. - Segment focus
            • 12.6 Bochumer Verein Verkehrstechnik GmbH
              • Exhibit 131: Bochumer Verein Verkehrstechnik GmbH - Overview
              • Exhibit 132: Bochumer Verein Verkehrstechnik GmbH - Product / Service
              • Exhibit 133: Bochumer Verein Verkehrstechnik GmbH - Key offerings
            • 12.7 Bombardier Inc.
              • Exhibit 134: Bombardier Inc. - Overview
              • Exhibit 135: Bombardier Inc. - Product / Service
              • Exhibit 136: Bombardier Inc. - Key offerings
            • 12.8 BONATRANS GROUP a. s
              • Exhibit 137: BONATRANS GROUP a. s - Overview
              • Exhibit 138: BONATRANS GROUP a. s - Product / Service
              • Exhibit 139: BONATRANS GROUP a. s - Key offerings
            • 12.9 Construcciones y Auxiliar de Ferrocarriles SA
              • Exhibit 140: Construcciones y Auxiliar de Ferrocarriles SA - Overview
              • Exhibit 141: Construcciones y Auxiliar de Ferrocarriles SA - Business segments
              • Exhibit 142: Construcciones y Auxiliar de Ferrocarriles SA - Key offerings
              • Exhibit 143: Construcciones y Auxiliar de Ferrocarriles SA - Segment focus
            • 12.10 CRRC Corp. Ltd.
              • Exhibit 144: CRRC Corp. Ltd. - Overview
              • Exhibit 145: CRRC Corp. Ltd. - Product / Service
              • Exhibit 146: CRRC Corp. Ltd. - Key offerings
            • 12.11 EVRAZ Plc
              • Exhibit 147: EVRAZ Plc - Overview
              • Exhibit 148: EVRAZ Plc - Business segments
              • Exhibit 149: EVRAZ Plc - Key offerings
              • Exhibit 150: EVRAZ Plc - Segment focus
            • 12.12 Kolowag
              • Exhibit 151: Kolowag - Overview
              • Exhibit 152: Kolowag - Product / Service
              • Exhibit 153: Kolowag - Key offerings
            • 12.13 Lucchini RS Group
              • Exhibit 154: Lucchini RS Group - Overview
              • Exhibit 155: Lucchini RS Group - Product / Service
              • Exhibit 156: Lucchini RS Group - Key offerings
            • 12.14 Nippon Steel Corp.
              • Exhibit 157: Nippon Steel Corp. - Overview
              • Exhibit 158: Nippon Steel Corp. - Business segments
              • Exhibit 159: Nippon Steel Corp. - Key offerings
              • Exhibit 160: Nippon Steel Corp. - Segment focus
            • 12.15 Qingdao TSKY Railway Equipment Co. Ltd.
              • Exhibit 161: Qingdao TSKY Railway Equipment Co. Ltd. - Overview
              • Exhibit 162: Qingdao TSKY Railway Equipment Co. Ltd. - Product / Service
              • Exhibit 163: Qingdao TSKY Railway Equipment Co. Ltd. - Key offerings
            • 12.16 Steel Authority of India Ltd.
              • Exhibit 164: Steel Authority of India Ltd. - Overview
              • Exhibit 165: Steel Authority of India Ltd. - Product / Service
              • Exhibit 166: Steel Authority of India Ltd. - Key offerings
            • 12.17 United Metallurgical Co.
              • Exhibit 167: United Metallurgical Co. - Overview
              • Exhibit 168: United Metallurgical Co. - Product / Service
              • Exhibit 169: United Metallurgical Co. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
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              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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