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Track Geometry Measurement System Market Size, Share Global Analysis Report, 2020–2026
Track Geometry Measurement System Market By Type (Gauge, Twist, Cant and Cant Deficiency, Vertical Profile, Curvature, Alignment, Dynamic Cross-Level, Dipped Joints and Others) and By Application (High-Speed Railways, Mass Transit Railways, Heavy Haul Railways, and Light Railways): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Track Geometry Measurement System Market size was worth around USD 2640 million in 2019 and is predicted to grow around USD 4015 million by 2026 with a compound annual growth rate (CAGR) of roughly 6.19% between 2020 and 2026. The report analyzes the global Track Geometry Measurement System Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Track Geometry Measurement System Market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the track geometry measurement system industry. The report analyzes and declares the historical and current trends analysis of the track geometry measurement system industry and subsequently recommends the projected trends anticipated to be observed in the track geometry measurement system market during the upcoming years.
The track geometry measurement system market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire track geometry measurement system market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the track geometry measurement system market is set to grow at a rate of around 6%.
- It was established through the primary interview that the track geometry measurement system market was valued at around USD 2500 Million in 2019.
- China market accounted for around 22% of the total value of the global track geometry measurement system in 2019.
- On the basis of the product segment, gauge dominated the global track geometry measurement system market in 2019.
- Based on various applications, the global track geometry measurement system market was led by mass transit railways.
Key Recommendations from Analysts
- As per our analysts, the global track geometry measurement system market is expected to grow significantly over the forecast period.
- The strategic and competitive advantage provided by the gauge measurement type is anticipated to be the key factor driving this market globally.
- Our team of analysts has identified, high usage of mass transit railways is fueling the growth of the market.
- In recent years, the high adoption of high-speed railways in developing countries will offer lucrative opportunities for the market players operating in the market.
- Overall, the global market has the potential to grow owing to its advancement in technologies in providing high accuracy in track geometry measurement systems.
Track Geometry Measurement System Market Share – By Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the track geometry measurement system industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the track geometry measurement system industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the track geometry measurement system market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the track geometry measurement system industry. The track geometry measurement system market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the track geometry measurement system sector. Key strategic developments in the track geometry measurement system market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the track geometry measurement system market are appropriately highlighted in the report.
The rise in globalization have generated new demands for infrastructure, particularly freight railway lines for the transportation of goods to and from logistics platforms. As a result, a high requirement of track geometry measurement systems for rail and metro network will boost the track geometry measurement system (TGMS) market. Moreover, the rising concerns regarding safety and security is fueling the demand for this systems.
Track Geometry Measurement System is used in high-speed railways, mass transit railways, heavy haul railways, and light railways. Rapid developments in high-speed railways are expected to offer huge growth opportunities for track geometry measurement system market players over the analysis period as high-speed railways are generally considered as the safer mode of transportation.
The track geometry measurement system market research report delivers an acute valuation and taxonomy of the track geometry measurement system industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the track geometry measurement system industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the track geometry measurement system industry is provided for the leading economies of the world.
The track geometry measurement system market is segmented based on type and application. On the basis of type segmentation, the market is classified into the gauge, twist, curvature, vertical profile, dipped joints, dynamic cross-level, and cant among others. In terms of application segmentation, the market is bifurcated into high-speed railways, mass transit railways, heavy haul railways, and light railways.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2,640 Million |
Projected Market Size in 2026 |
USD 4015 Million |
CAGR Growth Rate |
6.19% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Goldschmidt Thermit GmbH, Bentley Systems, Incorporated, R. Bance & Co Ltd., MRX Technologies, Plasser & Theurer, Balfour Beatty, Mermec Inc., Fugro, and ENSCO Inc. , and others. |
Key Segment |
By Type , Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The taxonomy of the Track Geometry Measurement System Market by its scope and segmentation is as follows:
Some of the essential players operating in the track geometry measurement system market, but not restricted to include
- Goldschmidt Thermit GmbH
- Bentley Systems
- Incorporated
- R. Bance & Co Ltd.
- MRX Technologies
- Plasser & Theurer
- Balfour Beatty
- Mermec Inc.
- Fugro
- ENSCO Inc
By Type Segmentation Analysis
- Gauge
- Twist
- Cant And Cant Deficiency
- Vertical Profile
- Curvature
- Alignment
- Dynamic Cross-Level
- Dipped Joints
- Others
By Application Segmentation Analysis
- High-Speed Railways
- Mass Transit Railways
- Heavy Haul Railways
- Light Railways
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Goldschmidt Thermit GmbH
- Bentley Systems
- Incorporated
- R. Bance & Co Ltd.
- MRX Technologies
- Plasser & Theurer
- Balfour Beatty
- Mermec Inc.
- Fugro
- ENSCO Inc
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