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Rail Gangways Market

Rail Gangways Market

Rail Gangways Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018-2028

Rail Gangways Market
FACT3043MR
  • Feb-2019
  • List of Tables : 34
  • List of Figures : 177
  • 170 Pages
  • Automotive

Market Overview

Railways have always been an integral part of the public transport system around the world and will play an important role in the coming years, with rapid urbanization, growing passenger density, and changing travelling mediums. This has led to surge in the global demand for railway products, influencing the development of rail gangways market.

The global rail gangways market has been envisaged to grow steadily at a CAGR of 4.9%, reaching a value of US$ 634 million by the end of the forecast period (2018-2028).

The railway ministry is focused on improving safety of passengers and trains which influenced the manufactures to install gangway doors between rail gangways, allowing to block the path of fire through automatic sliding mechanism during an accident.

In addition, a focus on enhancing product quality as well as ease of handling is one of the important growth strategies of key players operating in the global rail gangways market. Some of the notable developments in rail gangways market are:

  • In June 2018, Hubner GmbH & Co. KG worked in the area of microwave and high-frequency in collaboration with the University of Kassel, aimed at strengthening Kassel as a location for both research and business.
  • In June 2016, Dellner Couplers AB entered into a joint venture with Qingdao Victall Railway Co., Ltd. for combining Dellner’s gangway enterprise with sales and production activities to train interior, and others.

High Speed Railway Infrastructure and Digitalization in Metro Generating Opportunities for Rail Gangways Market

Sprawling railway infrastructure along with growing need for high speed rail transportation among middle-class population is expected to give a boost to the growth of rail gangways market globally.

Introduction of government schemes for enhancing connectivity between cities through the development of high speed train infrastructure and incorporation of digitalization in metro are the crucial factors to ramp up the growth of rail gangways market in the global scenario.

Moreover, China is making large scale investments for improving the country’s rail sector which in turn is likely to create lucrative opportunities of manufactures of rail gangways.

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Two Piece Rail Gangways to Witness Maximum Demand

Two piece gangways will continue to reign supreme in the global rail gangways market by product type, anticipated to account for 3.5x the value share of single piece gangways during the forecast period.

They are generally used in regions with high passenger density including North America, Europe, China, and others, while single piece gangways are used in Japan, India, and other nations. Growing passenger density in respective countries or regions is likely to provide bilateral support to the future expansion of global rail gangways market.

In terms of incremental $ opportunity, the two piece rail gangways segment is foreseen to create 27x the opportunity created by its counterpart over the period of assessment.

Based on train type, passenger train is expected to maintain a superiority in the global rail gangways market, expanding at a CAGR of 4.2% through 2028. Although special train is likely to hold the lowest market share, the segment is anticipated to grow at a significant rate, in terms of year-over-year growth during the forecast period.

Global Rail Gangways Market Structure

Nature of the global rail gangways market is likely to remain consolidated, with leading players accounting for the highest market share. These players are expected to generate over US$ 50 million in revenue through the global sales of rail gangways. Mid-sized companies operating in the global rail gangways market are projected to hold market share of 25% to 35%.

Some of the prominent players of the global rail gangways market are Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, 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.

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Rail Gangways Market Segments

Based on product type, the global rail gangways market is segmented into two piece rail gangways and single rail gangways.

On the basis of material type, the global rail gangways market is segmented into aluminum rail gangways, alloy rail gangways, steel rail gangways, and composite rail gangways.

Based on train type, the global rail gangways market is segmented into, high speed train, passenger train, metro or subway train, and special train.

The global market for rail gangways is also segmented across 8 different regions including Latin America, North America, Eastern Europe, Western Europe, SEA & Pacific, Japan, China, and Middle East & Africa.

A new report provides a 10-year analysis and forecast of global rail gangways market for the period of 2018 to 2028. 2017 is considered as base year of the market study with values estimated for 2018 and forecast developed for the duration between 2017 and 2028.

The study on global rail gangways market covers various perspectives such as market dynamics, macro- and micro-economic growth analysis, pricing analysis, competition analysis, value chain, segmental and regional growth comparison, as well as segment-level projections in an elaborative manner.

In terms of value, the global rail gangways market is anticipated to expand at a CAGR of 4.9% over the forecast period, according to study findings and perspectives of industry participants.

In-depth insights of the global rail gangways market are provided in the report which analyses the market at both global and regional level through segmentation of the market based on important parameters including product type, material type, and train type.

The report is aimed at offering key information on market updates, latest trends, growth rates, market potential, competitive scenario, and other relevant insights in a suitable manner.

The report is developed to facilitate readers to gain a better understanding about the global rail gangways market. It includes market definitions, market background, key dynamics, and market analysis by key segments, regional analysis, and competition landscape.

Description

The initial section of the report includes market introduction, detailed market taxonomy, and definitions of products related to the assessment of global rail gangways market.

In the following section, the report details the market development background, encompassing macroeconomic factors, industry-specific factors, value chain overview, weighted average pricing analysis, forecast factors, and indicative list of stakeholders involved in each level and new sales assessment of rail gangways for the considered base year of the study.

In addition to comprehensive insights on market dynamics including drivers, restraints, and recent trends that influence the global rail gangways market, the next section of the report discusses market potential and opportunities for manufactures of rail gangways.

It further offers impact assessment of market dynamics on global rail gangways market at both qualitative and quantitative level based on analysis insights and facts.

Subsequent sections of the report highlights value and volume estimations for the rail gangways market based on aforementioned market segments at global level.

The rail gangways market values mentioned in the report have been prepared through collection of data and information at regional level. In addition, the report includes frameworks of unique analysis including Y-o-Y growth comparison, absolute $ opportunity analysis, market attractiveness analysis for each sub-type of each market segment.

The following section provides a summarized view of the global rail gangways market on the basis of eight key regions considered in the study. It offers information on regional market position, recent trends, growth potential, and market attractiveness analysis for each of these geographies.

In the last section, a competitive scenario of the global rail gangways market has been highlighted to provide readers with important insights of key players present in the value chain, their prominence in the global rail gangways market and key differentiating factors and strategies.

Research Methodology

To offer accurate forecast of the global rail gangways market, the study began by sizing the existing market which forms the basis of predicting the future development of global rail gangways market.

Based on primary research and secondary research, the forecast in terms of different segments of rails gangways market provides quantitative expectations and identifies lucrative opportunities.

The study also develops an attractiveness index for better understanding of key market segments in terms of growth and installation of rail gangways across different region, which further help supplier identifies real opportunities prevailing in the global rail gangways market.

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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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