Railway Turnout Market Outlook - 2027
Rail turnout or switch is a mechanical installation enabling railway trains to be guided from one track to another, such as at a railway junction or where a spur or siding branches off. The switch consists of a pair of linked tapering rails, known as points switch rails or point blades, lying between diverging outer rails. These points can be moved laterally into one of two positions to direct a train coming from point blades toward straight path or diverging path. Rise in demand for comfort and safety is expected to lead growth in the rail turnout market during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies covered | NARSTCO, Vossloh, AGICO Rail, Harmer Steel, DT - Slovenska vyhybkaren, Amurrio Ferrocarril y Equipos, So.co.fer srl, Anyang General International (AGICO), MI-NE SEISAKUSHO, and Patil Group |
COVID-19 scenario analysis:
- Trains have played a major role in the fight against the virus such as to move essential goods from one place to another.
- Special train service were also provided in many countries to send daily wagers to their respective homes.
- The need for urbanization and advanced mass transportation is expected to be developed by governments more precisely as there is an emerging need for social distancing to fight the deadly virus.
- Increase in the COVID-19 pandemic is expected to accelerate the shift of passengers from air to rail, leading to rise in growth of the market in the future.
- Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
- Technological advancements in railways and meeting transportation demand supplements the market growth. However, high initial cost of deployment and presence of counterfeit products from China-based manufacturers may hamper growth of the market. Furthermore, apart from passenger-oriented railway cars, railway turnout is also expected to find a fair share in rail locomotive, which is expected to propel the market growth.
The railway turnout market trends are as follows:
Technological advancements in railways
High speed of railway cars may cause substantial car body vibration, which can reduce quality of ride and cause adverse ride stability. Technological advancements in railways primarily for upgradation of speed and power such as high-speed trains require effective railway turnout to provide efficient suspension and vibration reaction even at a high speed and high load conditions, which is predicted to drive growth within the railway turnout market.
Rise in transportation demand
Government authorities of various countries specialize in strengthening their railway networks by investing in expansion of their railway network across many countries. Ongoing research & development in enhancing mechanism, design, and arrangement of railway turnout propels the market toward growth in innovations that is expected impact the railway turnout market positively during the forecast period.
Key segments covered:
Segments | Subsegments |
Type | - Single Turnout
- Equilateral Turnout
- Three-way Turnout
- Others
|
Application | - Railway Lines
- Tram Rails
- Moving Equipment
|
Key benefits of the report:
- This study presents the analytical depiction of the railway turnout 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 a detailed analysis of the railway turnout market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the railway turnout market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed railway turnout market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the railway turnout market research report:
- Which are the leading market players active in the railway turnout market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the railway turnout market?
- What are the projections for the future that would help in taking further strategic steps?
Key Market Segments
- By Type
- Single Turnout
- Equilateral Turnout
- Three-way Turnout
- Others
- By Application
- Railway Lines
- Subway Lines
- Tram Rails
- Others
- By Region
- North America
- Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amurrio Ferrocarril y Equipos
- Patil Group
- Narstco Inc
- So.co.fer srl
- AGICO Rail
- MI-NE SEISAKUSHO
- Harmer Steel
- Vossloh,
- DT - Slovenska vyhybkaren
- Anyang General International (AGICO)