Railway Maintenance Machinery Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, China, UK, Germany, France - Size and Forecast 2023-2027

Published: Nov 2022 Pages: 159 SKU: IRTNTR41167

Railway Maintenance Machinery Market Forecast 2023-2027

The Global Railway Maintenance Machinery Market size is estimated to grow by USD 1,442.03 million at a CAGR of 6.4% between 2022 and 2027. The growth of the market depends on several factors, including the increasing number of railway electrification projects, the growth in the upgradation of railway networks in developing countries, and the increasing adoption of railway maintenance machinery.  

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Market Segmentation

This report extensively covers market segmentation by application (ballast track and non-ballast track), product (work vehicles and small equipment), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

By Application

The market share growth by the ballast track segment will be significant during the forecast period. Ballast tracks are the traditional and old type of railway tracks. These railway tracks are generally composed of railway fasteners, steel rails, ballast beds, and railroad ties.

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The ballast track segment showed a gradual increase in market share with USD 2,328.71 million in 2017 and continued to grow by 2021. Ballast tracks are easy to lay and require low investments. helps monitor and maintain ballast tracks and improves operational safety. is used to carry out all the necessary track maintenance tasks such as tamping and cleaning the ballast, removing and inserting ties, tightening rail bolts, excavating and replacing worn ballast, and aligning the ballast tracks. Some types of maintenance machinery are also designed to carry out more than one task. For instance, ballast tamping machines are combined with track lining and levelling functionalities. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of Railway Maintenance Machinery, which is driven by an increase in the global demand for the Industry.

Market Dynamic

The increasing number of railway electrification projects is notably driving the market growth, although factors such as the high cost of equipment and the availability of refurbished products may impede the market growth. 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 decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Market Driver

The increasing number of railway electrification projects is the key factor driving the global market growth. Globally, there is an increase in railway electrification projects, as electric trains are economically more viable and sustainable than fuel-powered trains. Significant reductions in the emissions in train operations and faster acceleration and deceleration of the engines compared with diesel engines are the key drivers for the growth of electric engines. However, a large proportion of the railway tracks in various countries do not have electric lines for powering electric trains.

The governments of various countries are planning to increase the electrification of railways during the forecast period. Similarly, many other countries, such as the US, use diesel engines for railroads. With the rising environmental concerns and regulations, these countries are also expected to switch to electric railway networks during the forecast period. These electrification projects require for their fast and efficient completion, which will drive the growth of the global market during the forecast period.

Key Market Trend

The IoT-based remote monitoring of trains and tracks will fuel the global market growth. The adoption of the Internet and IoT has been beneficial across a wide range of industries, as it helps in increasing the operational efficiency of the entire business process. Each railway network consists of thousands of components, such as signalling infrastructure, rolling stock, stations, and staff.

The effective management of all these components is significant, as they must work coherently for the efficient functioning of a railway network. All these components can be managed efficiently by adopting IoT technologies along with analytics. In the near future, railway maintenance processes are estimated to find increasing applications of IoT with the goal of business process optimization. Preventive maintenance is one of the key benefits of adopting IoT in the railway industry. Such factors will boost the growth of the market during the forecast period.

Key Market Challenge

The high cost of equipment and the availability of refurbished products are major challenges to the global market growth. The high cost of is one of the major challenges to market growth. There are various types of railway maintenance machinery, such as tamping machines, stabilizing machines, rail handling machines, and ballast cleaning machines.

The price of each of these machines varies according to their efficiency and needs. Also, refurbished railway maintenance machines, which are of lower cost than new machines, are available in the market. Countries with a low budget for railway maintenance projects prefer refurbished machines, which hinders market growth in the future. Hence, the high cost of equipment and the availability of refurbished products will hinder the growth of the market during the forecast period.

Key Market Customer Landscape

Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, China, the UK, Germany, and France. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Global Market Customer Landscape

Who are the Major 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 

alamo-group.com - The company offers that includes shovels, spades, sledgehammers, and crowbars, which are used as per their requirements.

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

  • American Equipment Co.
  • BBM Railway Equipment LLC
  • China Railway Construction Corp. Ltd.
  • CRRC Corp. Ltd.
  • Dipsa Technes Srl
  • GEATECH Group Srl
  • Harsco Corp.
  • Jinzhou Tiegong Co. Ltd.
  • Loram Maintenance of Way Inc.
  • MATISA MATERIEL INDUSTRIEL SA
  • Pandrol SAS
  • Plasser & Theurer, Export von Bahnbaumaschinen GmbH
  • ROBEL Bahnbaumaschinen GmbH
  • Siemens AG
  • Sinara Transport Machines Holding
  • Speno International SA
  • Strukton Groep NV
  • Teraspyora Steelwheel Oy
  • United Industrial Pty Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

Which are the Key Regions for the Market?

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North America is projected to contribute 42% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The US accounts for the major share of the market in North America. The country has a large network of railways, which has experienced stagnating growth over the past few years. The need for carrying out upgradation and maintenance work on the existing railway networks will provide growth opportunities to the market vendors in the region during the forecast period. 

Market Analyst Overview

The railway maintenance machinery market is crucial for ensuring the smooth operation and safety of railway infrastructure worldwide. With increasing government investments and railway construction projects, demand for railway maintenance equipment and rail handling machinery  is on the rise. Technologies such as the Internet of Things (IoT) are revolutionizing maintenance practices, enabling predictive maintenance and efficient utilization of resources. Key players like System7 Rail Holding GmbH and CRRC Corporation Limited are leading the market with innovative solutions.

 

The CRISI grant program by the Indian government targets railway infrastructure, including catenary systems, switches, bridges, and tunnels. It aims to modernize and enhance safety in rail networks, ensuring efficient power distribution, seamless track transitions, and structural integrity. This program represents a significant investment in India's railways, fostering innovation and economic growth.However, challenges such as skilled workforce shortages and geopolitical uncertainties like the Ukraine-Russia war impact market dynamics. Market growth strategies focus on leveraging IoT technology and expanding into emerging regions like LAMEA (Latin America, Middle East, and Africa) to capitalize on opportunities in the evolving railway maintenance machinery sector.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by application, product, and region.

  • Application Outlook (USD Million, 2017 - 2027)
    • Ballast track
    • Non-ballast track 
  • Product Outlook (USD Million, 2017 - 2027)
    • Work vehicles
    • Small equipment
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The 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

Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.4%

Market growth 2023-2027

USD 1442.03 million

Market structure

Fragmented

YoY growth (%)

5.5

Regional analysis

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

Performing market contribution

North America at 42%

Key consumer countries

US, China, UK, Germany, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Alamo Group Inc., American Equipment Co., BBM Railway Equipment LLC, China Railway Construction Corp. Ltd., CRRC Corp. Ltd., Dipsa Technes Srl, GEATECH Group Srl, Harsco Corp., Jinzhou Tiegong Co. Ltd., Loram Maintenance of Way Inc., MATISA MATERIEL INDUSTRIEL SA, Pandrol SAS, Plasser & Theurer, Export von Bahnbaumaschinen GmbH, ROBEL Bahnbaumaschinen GmbH, Siemens AG, Sinara Transport Machines Holding, Speno International SA, Strukton Groep NV, Teraspyora Steelwheel Oy, and United Industrial Pty Ltd.

Market dynamics

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

Customization purview

If our market growth analysis 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 Market Research and Growth Report?

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

We can help! Our analysts can customize this market report to meet your requirements. Get in touch

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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • 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 railway maintenance machinery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global railway maintenance machinery market 2017 - 2021 ($ million)
    • 4.2 By Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ million)
    • 4.3 By Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – By 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 between2022 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 Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Ballast track - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Ballast track - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Ballast track - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Ballast track - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Ballast track - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-ballast track - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Non-ballast track - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Non-ballast track - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Non-ballast track - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Non-ballast track - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Work vehicles - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Work vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Work vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Work vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Work vehicles - Year-over-year growth 2022-2027 (%)
    • 7.4 Small equipment - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Small equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Small equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Small equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Small equipment - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 55: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 61: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: 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 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Alamo Group Inc.
              • Exhibit 108: Alamo Group Inc. - Overview
              • Exhibit 109: Alamo Group Inc. - Business segments
              • Exhibit 110: Alamo Group Inc. - Key offerings
              • Exhibit 111: Alamo Group Inc. - Segment focus
            • 12.4 American Equipment Co.
              • Exhibit 112: American Equipment Co. - Overview
              • Exhibit 113: American Equipment Co. - Product / Service
              • Exhibit 114: American Equipment Co. - Key offerings
            • 12.5 BBM Railway equipment LLC
              • Exhibit 115: BBM Railway equipment LLC - Overview
              • Exhibit 116: BBM Railway equipment LLC - Product / Service
              • Exhibit 117: BBM Railway equipment LLC - Key offerings
            • 12.6 China Railway Construction Corp. Ltd.
              • Exhibit 118: China Railway Construction Corp. Ltd. - Overview
              • Exhibit 119: China Railway Construction Corp. Ltd. - Business segments
              • Exhibit 120: China Railway Construction Corp. Ltd. - Key offerings
              • Exhibit 121: China Railway Construction Corp. Ltd. - Segment focus
            • 12.7 CRRC Corp. Ltd.
              • Exhibit 122: CRRC Corp. Ltd. - Overview
              • Exhibit 123: CRRC Corp. Ltd. - Product / Service
              • Exhibit 124: CRRC Corp. Ltd. - Key offerings
            • 12.8 Dipsa Technes Srl
              • Exhibit 125: Dipsa Technes Srl - Overview
              • Exhibit 126: Dipsa Technes Srl - Product / Service
              • Exhibit 127: Dipsa Technes Srl - Key offerings
            • 12.9 GEATECH Group Srl
              • Exhibit 128: GEATECH Group Srl - Overview
              • Exhibit 129: GEATECH Group Srl - Product / Service
              • Exhibit 130: GEATECH Group Srl - Key offerings
            • 12.10 Harsco Corp.
              • Exhibit 131: Harsco Corp. - Overview
              • Exhibit 132: Harsco Corp. - Business segments
              • Exhibit 133: Harsco Corp. - Key news
              • Exhibit 134: Harsco Corp. - Key offerings
              • Exhibit 135: Harsco Corp. - Segment focus
            • 12.11 Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd.
              • Exhibit 136: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Overview
              • Exhibit 137: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Product / Service
              • Exhibit 138: Jinzhou Tiegong Railway Maintenance Machinery Co. Ltd. - Key offerings
            • 12.12 Loram Maintenance of Way Inc.
              • Exhibit 139: Loram Maintenance of Way Inc. - Overview
              • Exhibit 140: Loram Maintenance of Way Inc. - Product / Service
              • Exhibit 141: Loram Maintenance of Way Inc. - Key offerings
            • 12.13 MATISA MATERIEL INDUSTRIEL SA
              • Exhibit 142: MATISA MATERIEL INDUSTRIEL SA - Overview
              • Exhibit 143: MATISA MATERIEL INDUSTRIEL SA - Product / Service
              • Exhibit 144: MATISA MATERIEL INDUSTRIEL SA - Key offerings
            • 12.14 Pandrol SAS
              • Exhibit 145: Pandrol SAS - Overview
              • Exhibit 146: Pandrol SAS - Product / Service
              • Exhibit 147: Pandrol SAS - Key offerings
            • 12.15 Plasser and Theurer Export von Bahnbaumaschinen GmbH
              • Exhibit 148: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Overview
              • Exhibit 149: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Product / Service
              • Exhibit 150: Plasser and Theurer Export von Bahnbaumaschinen GmbH - Key offerings
            • 12.16 ROBEL Bahnbaumaschinen GmbH
              • Exhibit 151: ROBEL Bahnbaumaschinen GmbH - Overview
              • Exhibit 152: ROBEL Bahnbaumaschinen GmbH - Product / Service
              • Exhibit 153: ROBEL Bahnbaumaschinen GmbH - Key offerings
            • 12.17 Sinara Transport Machines Holding
              • Exhibit 154: Sinara Transport Machines Holding - Overview
              • Exhibit 155: Sinara Transport Machines Holding - Product / Service
              • Exhibit 156: Sinara Transport Machines Holding - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 13.5 List of abbreviations
                • Exhibit 163: 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
              • Market challenges
              • 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?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • 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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