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North America Railway Maintenance Machinery Market

North America Railway Maintenance Machinery Market by Product Type (Tamping Machine, Stabilizing Machinery, Rail Handling Machinery, Ballast Cleaning Machine, and Others), Application (Ballast Track, and Non-ballast Track), and Sales Type (New Sales, and Aftermarket Sales): Regional Opportunity Analysis and Industry Forecast, 2021–2028

A11311
Pages: 157
May 2021 | 831 Views
   
Author(s) : Amol Phoke, Priyanka Khandelwal
Tables: 61
Charts: 43
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The North America railway maintenance machinery market size was valued at $774.0 million in 2019 and is projected to reach $1,163.1 million by 2028, registering a CAGR of 6.1% from 2021 to 2028. Railway maintenance is a process of preserving the working condition of railway track. Tamping machine, tampers, ballast regulators, dynamic track stabilizers, ballast cleaners, and ballast under cutters are some of the machineries used in railway maintenance applications. Maintenance is very important in every industry for smooth and effective functioning. 

The COVID-19 pandemic has negatively influenced the North America railway maintenance machinery market primarily due to the halt in international trade, prolonged lockdowns, and ceased processes in manufacturing and railway industry.

Exponential population growth coupled with rapid urbanization has resulted in the amount of traffic on roads and transportation of goods from one place to another. Hence, railways are a better, cheaper, and safer mode of transport. A rise in government investment on railway infrastructure development in countries such as U.S., Canada, and Mexico fuel the growth of the North America railway maintenance machinery market. For instance, in April 2021, according to the Federal Budget of 2021, Canada government planned to spend $4.4 million in 2021 to 2022 and invested around $491.2 million by 2027, for improvement of railway infrastructure. In addition, various countries across the North America are continuously spending on expanding railway road lines. For instance, in 2020, U.S. government spent around $2.0 billion on new railway line project named as Purple Line Light Rail Project based in Bethesda, Maryland, U.S. The project will be completed by 2022. A rise in demand for secure, safe, and efficient transportation railway systems fuels the North America railway maintenance machinery market growth. A rise in road accidents globally is expected to lead to the growth of the railway maintenance machinery market. For instance, according to the World Health Organization (WHO), around 1.25 million deaths are registered every year in road accidents. Hence, rise in need of secure, safe, and efficient transportation systems is anticipated to drive the demands for the market.  

North-America-Railway-Maintenance-Machinery-Market-2021-2028

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A rise in adoption of internet of things (IoT) technology in railway maintenance industry, due to features associated with systems such as scalability, available for 24/7, and cloud-based systems, drives the growth of the railway maintenance machinery market. 

However, railway maintenance machines are heavy machines coupled with high costs, which may hinder the development of the market in countries such as U.S., Canada, and Mexico. Conversely, technological integration in the railway maintenance machinery, is anticipated to provide lucrative opportunities for growth of the railway maintenance machinery. 

The COVID-19 pandemic has forced many companies in the railway maintenance machinery market to stop their business activities with a new government regulation for reducing the spread of COVID-19. This stop in operations directly impacts the revenue flow of the North America railway maintenance machinery manufacturers. For instance, Fluor Corporation suffered a net loss of $27 million from financial year 2019 to 2020. However, a halt in manufacturing activities and lockdowns for several months have affected the North America railway maintenance machinery market, with slow recovery anticipated during 2021. This is further projected to the re-opening of railway maintenance machinery industry at their full-scale capacities, which in turn, is expected to help the market recover by the start of 2022.

North America Railway Maintenance Machinery Market
By Product Type

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Tamping Machine segment holds dominant position in 2019

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The North America railway maintenance machinery market is segmented on the basis of product type, application, sales type, and region. Based on product type, the railway maintenance machinery market is fragmented into tamping machine, stabilizing machinery, rail handling machinery, ballast cleaning machine, and others. Tamping machine segment dominated the North America railway maintenance machinery market. Based on application, the market is categorized into ballast track, and non-ballast track. Ballast track segment dominated the market. Based on sales type, the market is divided into new sales, and aftermarket sales. Aftermarket sales segment further bifurcated into parts and services. Aftermarket sales segment dominated the market.   

Country wise, the North America railway maintenance machinery market has been analyzed across U.S., Canada, and Mexico. U.S. country generated the highest revenue in the market. 

North America Railway Maintenance Machinery Market
By Sales Type

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Aftermarket Sales segment is expected to grow at a significant CAGR

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Competition Analysis

Key companies profiled in the report includes Caterpillar Inc (Progress Rail Services Corporation), Coril Holdings Ltd (Loram Maintenance of Way, Inc), Curran Group, Inc (Holland LP), Fluor Corporation (American Equipment Company, Inc), Geismar, Harsco Corporation, Knox Kershaw Inc, Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., ROBEL Bahnbaumaschinen GmbH, Wabtec Corporation (Nordco Inc).

The key players in this market adopted product launch, agreement and acquisition as their key strategies to meet the change in consumer demands. For instance, in October 2019, Progress Rail Service Corporation, a subsidiary of Caterpillar Inc, acquired Cleaveland Track Material, Inc, based in U.S. deals in rail equipment, and rolling stack systems. The acquisition aimed to improve the product portfolio of railway equipment.

North America Railway Maintenance Machinery Market
By Country

2027
U.s. 
Canada
Mexico

U.S. Country is expected to dominate the market during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging North America railway maintenance machinery market trends and dynamics.  
  • In-depth market of North America railway maintenance machinery market analysis is conducted by estimations for the key market segments between 2015 and 2028. 
  • Extensive analysis of North America railway maintenance machinery market share is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The North America railway maintenance machinery market forecast analysis from 2021 to 2028 is included in the report.
  • The key market players within the are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the North America railway maintenance machinery market.

Market Segments

By Product Type 

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

By Application 

  • Ballast Track
  • Non-ballast track

By Sales Type

  • New Sales
    • Tamping Machine
    • Stabilizing Machinery
    • Rail Handling Machinery
    • Ballast Cleaning Machine
    • Others
  • Aftermarket Sales
    • Parts
    • Tamping Machine
    • Stabilizing Machinery
    • Rail Handling Machinery
    • Ballast Cleaning Machine
    • Others
  • Services
    • Tamping Machine
    • Stabilizing Machinery
    • Rail Handling Machinery
    • Ballast Cleaning Machine
    • Others

By Country

  • U.S.
  • Canada
  • Mexico
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pocket
3.2.2.Top winning strategies

3.3.Market player positioning, 2020
3.4.Porter's five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in government spending on construction of railway projects
3.5.1.2.Increase in number of railway electrification projects
3.5.1.3.Benefits associated with railway maintenance machinery

3.5.2.Restraint

3.5.2.1.High cost of machine

3.5.3.Opportunity

3.5.3.1.Technological innovation

3.6.COVID-19 Impact analysis

CHAPTER 4:NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast, by product type

4.2.Tamping machine

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis, by country

4.3.Stabilizing machinery

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis, by country

4.4.Rail handling machinery

4.4.1.Key growth factors and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis, by country

4.5.Ballast cleaning machine

4.5.1.Key growth factors and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis, by country

4.6.Others

4.6.1.Key growth factors and opportunities
4.6.2.Market size and forecast
4.6.3.Market analysis, by country

CHAPTER 5:NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast, by technology

5.2.Ballast track

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis, by country

5.3.Non-ballast Track

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis, by country

CHAPTER 6:NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY SALES TYPE

6.1.Overview

6.1.1.Market size and forecast, by sales type

6.2.New sales

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market analysis, by country

6.3.Aftermarket sales

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type

6.3.2.1.Parts
6.3.2.2.Services

6.3.3.Market analysis, by country

CHAPTER 7:NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY COUNTRY

7.1.Overview

7.1.1.Market size and forecast, by country

7.2.North America

7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by application
7.2.4.Market size and forecast, sales type
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by product type
7.2.5.1.2.Market size and forecast, by application
7.2.5.1.3.Market size and forecast, by sales type

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by product type
7.2.5.2.2.Market size and forecast, by application
7.2.5.2.3.Market size and forecast, by sales type

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by product type
7.2.5.3.2.Market size and forecast, by application
7.2.5.3.3.Market size and forecast, by sales type

CHAPTER 8:COMPANY PROFILES

8.1.CATERPILLAR INC (PROGRESS RAIL SERVICES CORPORATION)

8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D Expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments

8.2.CORIL HOLDINGS LTD. (LORAM MAINTENANCE OF WAY, INC.)

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.Key strategic moves and developments

8.3.CURRAN GROUP, INC. (HOLLAND LP)

8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Product portfolio

8.4.FLUOR CORPORATION (AMERICAN EQUIPMENT COMPANY, INC.)

8.4.1.Company overview
8.4.2.Key executive
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.R&D expenditure
8.4.7.Business performance

8.5.GEISMAR

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.5.4.Key strategic moves and developments

8.6.HARSCO CORPORATION

8.6.1.Company overview
8.6.2.Key executive
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Research and development expenses
8.6.7.Business performance
8.6.8.Key strategic moves and developments

8.7.KNOX KERSHAW INC.

8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Product portfolio

8.8.PLASSER & THEURER, EXPORT VON BAHNBAUMASCHINEN, GESELLSCHAFT M.B.H.

8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Product portfolio

8.9.ROBEL BAHNBAUMASCHINEN GmbH

8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Product portfolio

8.10.WABTEC CORPORATION (NORDCO INC.)

8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY PRODUCT TYPE, 2015-2028 ($MILLION)
TABLE 02.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR TAMPING MACHINE, BY REGION, 2015–2028($MILLION)
TABLE 03.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR STABILIZING MACHINERY, BY REGION, 2015–2028($MILLION)
TABLE 04.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR RAIL HANDLING MACHINERY, BY REGION, 2015–2028($MILLION)
TABLE 05.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR BALLAST CLEANING MACHINE, BY REGION, 2015–2028($MILLION)
TABLE 06.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR OTHERS, BY REGION, 2015–2028($MILLION)
TABLE 07.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY APPLICATION, 2015-2028 ($MILLION)
TABLE 08.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR BALLAST TRACK, BY REGION, 2015–2028 ($MILLION)
TABLE 09.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR NON-BALLAST TRACK, BY REGION,  2015–2028 ($MILLION)
TABLE 10.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY SALES TYPE, 2015-2028 ($MILLION)
TABLE 11.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR NEW SALES, BY EQUIPMENT TYPE, 2015-2028 ($MILLION)
TABLE 12.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR SALES TYPE, BY REGION, 2015–2028 ($MILLION)
TABLE 13.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR PARTS, BY EQUIPMENT TYPE, 2015-2028 ($MILLION)
TABLE 14.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR SERVICES, BY EQUIPMENT TYPE, 2015-2028 ($MILLION)
TABLE 15.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 16.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY PRODUCT TYPE, 2015–2028 ($MILLION)
TABLE 17.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY APPLICATION, 2015–2028 ($MILLION)
TABLE 18.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY SALES TYPE, 2025–2028 ($MILLION)
TABLE 19.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY COUNTRY, 2015–2028 ($MILLION)
TABLE 20.U.S. RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY PRODUCT TYPE, 2025–2028($MILLION)
TABLE 21.U.S. RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY APPLICATION, 2015–2028 ($MILLION)
TABLE 22.U.S. RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY SALES TYPE, 2025–2028 ($MILLION)
TABLE 23.CANADA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY PRODUCT TYPE, 2015–2028 ($MILLION)
TABLE 24.CANADA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY APPLICATION, 2015–2028 ($MILLION)
TABLE 25.CANADA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY SALES TYPE, 2015–2028 ($MILLION)
TABLE 26.MEXICO RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY PRODUCT TYPE, 2015–2028 ($MILLION)
TABLE 27.MEXICO RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY APPLICATION, 2015–2028 ($MILLION)
TABLE 28.MEXICO RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, BY SALES TYPE, 2015–2028 ($MILLION)
TABLE 29.CATERPILLAR: KEY EXECUTIVES
TABLE 30.CATERPILLAR: COMPANY SNAPSHOT
TABLE 31.CATERPILLAR: OPERATING SEGMENTS
TABLE 32.PROGRESS RAIL SERVICE CORPORATION: PRODUCT PORTFOLIO
TABLE 33.CORIL HOLDINGS LTD.: KEY EXECUTIVES
TABLE 34.CORIL HOLDINGS LTD.: COMPANY SNAPSHOT
TABLE 35.LORAM MAINTENANCE OF WAY INC: PRODUCT PORTFOLIO
TABLE 36.CURRAN GROUP: KEY EXECUTIVES
TABLE 37.CURRAN GROUP: COMPANY SNAPSHOT
TABLE 38.HOLLAND LP: PRODUCT PORTFOLIO
TABLE 39.FLUOR CORPORATION: KEY EXECUTIVE
TABLE 40.FLUOR CORPORATION: COMPANY SNAPSHOT
TABLE 41.FLUOR CORPORATION: OPERATING SEGMENTS
TABLE 42.AMERICA EQUIPMENT COMPANY INC.: PRODUCT PORTFOLIO
TABLE 43.GEISMAR.: COMPANY SNAPSHOT
TABLE 44.GEISMAR: PRODUCT PORTFOLIO
TABLE 45.HARSCO CORPORATION: KEY EXECUTIVE
TABLE 46.HARSCO CORPORATION: COMPANY SNAPSHOT
TABLE 47.HARSCO CORPORARION: OPERATING SEGMENTS
TABLE 48.HARSCO CORPORATION: PRODUCT PORTFOLIO
TABLE 49.KNOX KERSHAW INC: KEY EXECUTIVES
TABLE 50.KNOX KERSHAW INC: COMPANY SNAPSHOT
TABLE 51.KNOX KERSHAW INC: PRODUCT PORTFOLIO
TABLE 52.PLASSER & THEURER: KEY EXECUTIVES
TABLE 53.PLASSTER & THEURER: COMPANY SNAPSHOT
TABLE 54.PLASSER & THEURER: PRODUCT PORTFOLIO
TABLE 55.ROBEL BAHNBAUMASCHINEN GMBH: KEY EXECUTIVES
TABLE 56.ROBEL BAHNBAUMASCHINEN: COMPANY SNAPSHOT
TABLE 57.ROBEL BAHNBAUMASCHINEN GMBH: PRODUCT PORTFOLIO
TABLE 58.WABTEC CORPORATION: KEY EXECUTIVES
TABLE 59.WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 60.WABTEC CORPORATION: OPERATING SEGMENTS
TABLE 61.NORDCO CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.KEY PLAYERS
FIGURE 03.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 04.TOP INVESTMENT POCKET
FIGURE 05.TOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 06.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021 (%)
FIGURE 07.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021
FIGURE 08.MARKET PLAYER POSITIONING, 2020
FIGURE 09.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 11.LOW THREAT OF SUBSTITUTES
FIGURE 12.LOW TO MODERATE THREAT OF NEW ENTRANTS
FIGURE 13.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 14.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY PRODUCT TYPE, 2019–2028
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET FOR TAMPING MACHINE, BY COUNTRY, 2019 & 2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR STABILIZING MACHINERY, BY COUNTRY, 2019 & 2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR RAIL HANDLING MACHINERY, BY COUNTRY, 2019 & 2028 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR BALLAST CLEANING MACHINE, BY COUNTRY, 2019 & 2028 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR OTHERS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 20.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY APPLICATION, 2019-2028
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE FOR BALLAST TRACK, BY COUNTRY, 2019 & 2028 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR NON-BALLAST TRACK, BY COUNTRY, 2019 & 2028 (%)
FIGURE 23.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY SALES TYPE, 2019–2028
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR NEW SALES,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF RAILWAY MAINTENANCE MACHINERY MARKET FOR AFTERMARKET SALES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET, BY COUNTRY, 2019–2028
FIGURE 27.U.S. RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, 2019–2028($MILLION)
FIGURE 28.CANADA RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, 2019–2028($MILLION)
FIGURE 29.MEXICO RAILWAY MAINTENANCE MACHINERY MARKET REVENUE, 2020–2028 ($MILLION)
FIGURE 30.CATERPILLAR: R&D EXPENSES, 2018–2020 ($MILLION)
FIGURE 31.CATERPILLAR: REVENUE, 2018–2020 ($MILLION)
FIGURE 32.CATERPILLAR: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 33.CATERPILLAR: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 34.FLUOR CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 35.FLUOR CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 36.FLUOR CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 37.FLUOR CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 38.HARSCO CORPORATION: R&D EXPENDITURE, 2018–2020($MILLION)
FIGURE 39.HARSCO CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 40.HARSCO CORPORATION: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 41.HARSCO CORPORARION: REVENUE SHARE BY REGION, 2020(%)
FIGURE 42.WABTEC CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 43.WABTEC CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)

 
 

According to the perspectives of CXOs of leading companies, the railway maintenance machinery is used for smooth and effective operation of railway tracks. Tamping machine, stabilizing machinery, and rail handling machinery are some of the railway maintenance machineries used in the railway industry. In addition, an increase in government spending on new railway construction projects is anticipated to drive the growth of the North America railway maintenance machinery market. For instance, Canada National Railway (CN) planned to spend $2.92 billion in Saskatchewan to improve the railway infrastructure project.

Major players are adopting agreements and product launches, as key developmental strategies to improve their product portfolio, and thereby drive the growth of the market. For instance, in September 2019, Harsco Corporation launched a new TX16 production and switch tamper at railway interchange, in Minneapolis, U.S. It has features such as improved productivity, good tamping quality, operator safety, and reliable. It is designed for lower fuel consumption per mile and also reduces carbon emission. Moreover, rise in adoption of internet of things (IoT), cloud-based system, and internet systems in railway maintenance machinery owing to features such as continuous support, high speed services, and scalability, fuels the growth of the North America railway maintenance machinery market. By using IoT in railway maintenance machinery, it improves the maintenance services of track system.

Machines used for maintenance of the railway systems are getting technologically advanced. However, the implementation of these systems could be expensive for railway departments of some countries such as Canada, and Mexico, owing to the use of advanced technology. Conversely, technological innovation in railway maintenance machinery is expected to provide lucrative opportunities for the North America railway maintenance machinery manufacturers.

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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The North America railway maintenance machinery market size was $744.0 million in 2019 and is projected to reach $1,163.1 million in 2028, growing at a CAGR of 6.1% from 2021 to 2028.

A. The forecast period considered for the North America railway maintenance machinery market is 2021 to 2028, wherein, 2020 is the base year, 2021 is the estimated year, and 2028 is the forecast year.

A. The base year considered in the North America railway maintenance machinery market is 2020.

A. The report for North America railway maintenance machinery market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

A. On the basis of product type, tamping machine segment is expected to be the most influencing segment growing in the North America railway maintenance machinery market report.

A. Based on application, the ballast track segment generated the highest revenue, accounting for over half of the market share, and is projected to grow at a CAGR of 5.8% from 2021 to 2028.

A. The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The key trending market based on the sales type in the North America railway maintenance machinery market is the aftermarket sales segment.

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Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers