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Railway Maintenance Machinery Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Feb 2021 | 44 Views
 
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Railway Maintenance Machinery Market Outlook - 2027

Railway is one of the most important modes for transportation across the world. Railway transports goods over long distances at low cost and carries people over long distances. Maintenance of railway is very important for the smooth and efficient working of the railway system. Without proper maintenance, railway system will not be able to provide effective service to passengers as well as carry proper transportation of goods. Maintenance of the railway system includes different activities such as ballast cleaning and track tamping. As railway is manufactured by using various components, all the parts need to be checked carefully.

Market scope and structure:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Product Type, Application, Distribution Channel

  Companies covered

Plasser & Theurer, GEATECH, Harsco, CRCC High-Tech Equipment, Remputmash, Loram Maintenance of Way, CRRC, Speno, Strukton, Gemac Engineering, MATISA France, Beijing Yan Hong Da Railway Equipment, Vortok International, and Teraspyora-Steelwheel Oy

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa


COVID-19 scenario analysis:

  • The demand for railway maintenance machinery is expected to decrease in 2020 due to low demand from different industries, such as manufacturing and railway, owing to the lockdown imposed by governments of many countries.
  • COVID-19 pandemic has shut-down the production of various products in the railway maintenance machinery industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the railway maintenance machinery market significantly from the last few months and is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which have been badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Different types of moving parts are used to manufacture in the railways. It includes various electrical & mechanical systems, which are very complex. If these systems or moving part get damaged, then the replacement cost associated with these is very high. Therefore, proper and regular maintenance of railway system is very important. For the railway service to be more safe and reliable, equipment should be in good working condition. Though the maintenance of the railway system is comparatively costly, but the cost of replacement of the equipment is even more.

One of the important parts of the railway system, which is highly maintenance intensive, is rolling stock. If the maintenance of the rolling stock is neglected, it could be very vulnerable. Railway system gets blocked immediately by a stalled train and it causes inconvenience to the passengers. It also disturbs the whole schedule of the trains and puts extra burden on the railway department.

There are various machines or equipment used for the maintenance of the railway systems such as mobile welding machine, dynamic track stabilizer, ballast transport wagon, ballast regulators, and ballast cleaning & undercutting machines. All these machines perform a number of operations to keep the railway system in good and efficient working condition. Maintenance of the railway system is very important to continue smooth and efficient working of the railway system. Moreover, the railway departments of many countries perform various maintenance activities regularly. This could be the key driving factor for the growth of the railway maintenance machinery market. In addition, many companies invent new machines to perform maintenance activities very effectively and efficiently. Therefore, the demand for railway maintenance machinery is expected to rise during the forecast period. 

New product launch to boost the market

Many companies in the railway maintenance machinery market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry. For example, in July 2018, Indian railway introduced three machines for the maintenance of railway systems. These machines include points & crossings tamping machines, ballast cleaning machines, and dynamic track tamping machines. The newly introduced 09-3X dynamic tamping express tamping machine is made such that it is capable of performing multiple functions. By using this tamping machine, the need of manual railway line evaluation can be eliminated.

Key restraining factor for the growth of the railway maintenance machinery market

Machineries used for maintenance of the railway system are getting technically advanced. However, the implementation of these systems could be costly due to the use of advanced technology. This could restrain railway departments of some countries from using these machineries.

Key segments covered:

Segments

Sub-segments

  Product Type

 

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

  Application

 

  • Ballast Track
  • Ballast Less Track

 

  Distribution Channel

 

  • Direct Sales
  • Indirect Sales

 

Key benefits of the report:

  • This study presents the analytical depiction of the railway maintenance machinery market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the railway maintenance machinery market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed railway maintenance machinery market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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