The global rail corridor market is projected to be worth $392.8 million in 2018, expanding at a significant CAGR of 4.9% over the forecast period (2018–2028). Increased investment in rail development and future metro rail projects is likely to supplement future expansion of the market, which is expected to reach a value of US$634 million by the end of 2028. Additionally, the rail corridor market is expected to create incremental $ opportunities worth US$ 241.3 million during the assessment period.
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Market Recent Trends
- The main raw material used in gangway production is steel. It is used in the production of several types of aisles such as platform aisles, floating aisles and rail aisles. Steel is one of the most cost-effective materials and offers good tensile strength and durability.
- Rail gangways are used in a variety of applications such as industrial, commercial and residential. It is used in a variety of locations such as airports, train stations, factories, and residential buildings.
- Rail passage manufacturers are focusing on developing products that are easy to install and maintain. They are also developing products designed to provide better safety and security.
- The use of advanced technologies such as 3D printing is increasing in rail gangway production. 3D printing enables manufacturers to produce rail gangways with complex shapes and designs.
- Manufacturers are also focusing on developing rail gangways with advanced features such as non-slip surfaces and anti-corrosion materials. This helps increase the longevity and safety of rail passages.
Competition Dashboard
Prominent players in the global rail passage market include Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH and Airflow Equipments (India) Pvt Limited, ATG AUTOTECHNIK GmbH, Hutchinson, Dellner Couplers AB, Narita Mfg. Ltd., KTK Group, Qingdao Victall Railway Co., Ltd, Kasper Elektronik GmbH, Korea Railway Parts Co Ltd, and Vulcanite Pty Ltd.
Developing rail activities that provide lucrative opportunities
Developing countries including China and SEA & Pacific are investing heavily to provide support for rail activity development which will act as a catalyst for the overall growth of the rail corridor market. Additionally, the increase in rolling stock will provide lucrative opportunities for rail corridor suppliers during the forecast period.
Changes in the medium of travel, along with rapid consumer propensity for more economical public transportation systems such as trains and subways, will continue to shape the future of the global rail corridor market. However, the increasing attractiveness of air travel and the significant growth of automobiles in both short and long haul journeys may remain challenging for key market players.
Rail Corridor Market Segments
Based on product type, the global rail passageway market is segmented into two-piece rail passageways and single rail passageways.
On the basis of material type, the global rail passage market is segmented into aluminum rail passage, rail passage, steel rail passage, and composite rail passage.
Based on train type, the global rail passage market is segmented into high-speed trains, passenger trains, subway or metro trains, and special trains.
The global market for rail corridors is segmented across eight regions including Latin America, North America, Eastern Europe, Western Europe, Southeast Asia and Pacific, Japan, China, Middle East and Africa.
Key Questions Answered in the Rail Gangways Market Report Survey:
- · Sales and Demand of Rail Gangways
- · Growth of the rail passage market
- · Market Analysis of Rail Gangways
- · Rail Gangways Market Insights
- · Key drivers influencing the rail passage market
- · What are the major drivers impacting the Rail Gangways market?
- · Constraints Shaping Market Growth
- · Rail Gangways Market Research
This report covers the following rail corridor insights and assessments to benefit all participants involved in the rail corridor.
- · Data on recently introduced regulations and their impact on key industries and demand for rail corridors
- · An up-to-date industrial rail gangway with key analysis of market drivers, trends and influencing factors
- · Analysis of key trends rail corridors and changing consumer preferences in key industries.
- · Changing rail aisle demand and consumption of various products
- · A major trend in funding by major investors from multiple countries
- · New investment opportunities in different technologies and types of products or services
- · Comprehensive data and competitive analysis of major rail corridor players
- · Railroad sales in the US will grow at a steady rate, driven by growing consumer confidence and a recovering economy.
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