Report Code : A13964
By product type, the two piece gangways segment dominated the global market in 2022, in terms of revenue, and is expected to lead the market throughout the forecast period. By material, the Aluminum segment accounted for a major share in 2022. By train type, the passenger train segment is anticipated to witness lucrative growth over the forecast period. By service, the new installation segment accounted for a major share in 2022. At present, is Europe the highest revenue contributor, followed by Asia-Pacific.
Mayank Halmare - Lead Analyst
Automotive and Transportation at Allied Market Research
According to a new report published by Allied Market Research, titled, “Rail Gangways Market," The rail gangways market size was valued at $560.80 million in 2022, and is estimated to reach $961.1 million by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
Europe currently dominated the rail gangways in 2022. The countries analyzed under the region are UK, Germany, France, Italy, and the rest of Europe. The European rail gangways market is thriving with a focus on interoperability, infrastructure investments, and collaborative efforts among rail manufacturers and gangway systems providers to enhance passenger comfort.
The European rail gangways market is diverse, with countries such as Germany, France, and the UK leading the way in terms of infrastructure development. The key market trend in Europe is the push for interoperability and standardization across European railways, leading to the adoption of compatible gangway systems.
The EU commission is committed to make its rail network more convenient for passengers by introducing various laws, along with inviting private industry players to advance current networks. Rapid urbanization in developing countries of Europe, increase in investment in development, maintenance & upgradation of railway coaches, and surge in fast & reliable railway network are some of the key factors driving the growth of the rail gangways market in region. In addition, strong presence of leading market players such as HUBNER GmbH and Co. KG, Kasper-Elektronik GmbH, ATG Autotechnik GmbH and others along with the development & introduction of technologically advanced products also fuel the market growth in Europe.
Moreover, there are many European rail manufacturers and gangway system providers that worked together to bring innovative gangway systems for the passengers. For instance, in May 2023, HÜBNER GmbH & Co. KG secured a contract from Construcciones y Auxiliar de Ferrocarriles (CAF), a Spanish railway manufacturer to provide 172 gangway systems for the upcoming DLR trains in London.
The metro is one of the fastest growing market in rail gangways industry. Metro is a high-capacity public transportation common in urban areas. Metros are electronically operated and have exclusive tracks to which pedestrians or other vehicles have no access. Metros are mostly grade-separated in tunnels or on elevated railways. Metro track consists of two rails or beams. The metro & subway train is the most efficient rail transportation in terms of space occupancy, energy consumption, and number of passengers transported from source to destination, which is boosting the market growth. The increasing urbanization and population density in cities around the world are driving the expansion and modernization of metro and subway systems. As these systems grow to accommodate more passengers, there is a growing demand for innovative rail gangway solutions that can enhance train capacity, improve passenger flow, and ensure safety.
For instance, in February 2023, in the U.S., New York’s MTA was expected to start to use open gangway trains. It can improve train capacity and provide more space for people who use wheelchairs and people with bikes, strollers, or luggage. Loading times can also decrease as people have more places to spread out.
Moreover, the growing demand for lightweight and energy-efficient solutions in the railroad industry is driving the rise of the aluminum segment. The increase in passenger transportation via trains and global urbanization are driving the growth of the rail gangways market. The expansion of railway networks offers growth opportunities for aluminum rail gangways. The aluminum segment offers opportunities for manufacturers to develop innovative designs that improve the performance and safety of railway gangways. Manufacturers can develop new designs that improve the durability, strength, and corrosion resistance of aluminum gangways.
Impact of Russia-Ukraine war
The going on Russia-Ukraine conflict has had a significant influence on the rail gangways business. The conflict's tensions and disruptions have had serious ramifications for the sector. The conflict between Russia and Ukraine has the potential to exacerbate rail supply chain difficulties and component scarcity, both of which have plagued the industry for the previous two years. The most pressing worry is the availability of specific raw materials used in the fabrication of gangways.
Overall, the Russian-Ukraine situation has posed supply chain challenges. Geopolitical events have a huge impact on the rail gangways, and companies are trying to deal with these challenges while reviewing their strategies to provide stability and continuity in the face of these risky scenarios.
KEY FINDINGS OF THE STUDY
The leading companies profiled in the rail gangways market report include Airflow Equipments (India) PVT. Limited., ATG AUTOTECHNIK GmbH, Chongqing Hengtairail Equipment Co., Ltd. (HENGTAI ELECTROMECHANICAL EQUIPMENT CO., LTD.), Dellner, HUBNER GMBH AND CO. KG, Hutchinson, Kasper-Elektronik GmbH, KTK Group, Narita Mfg., Ltd., and Victall.
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Rail Gangways Market by Product Type (Single Piece Gangways, Two Piece Gangways), by Material (Steel, Aluminum, Alloys, Composites), by Train Type (Passenger Train, Metro and Subway Train, High Speed Train, Special Train), by Service (New Installation, Upgradation): Global Opportunity Analysis and Industry Forecast, 2023-2032
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