Electronic Treadles Market

Electronic Treadles Market Outlook (2022-2032)

The global electronic treadles market is estimated to reach a valuation of US$ 209.1 million in 2022 and is forecast to surpass US$ 428.3 million by the end of 2032, expanding at a high CAGR of 7.4%.

The market for electronic treadles is likely to grow because they are widely used in railway signaling systems that detect when a train wheel has passed a particular location. The use of electronic treadles is to detect the presence of a train traveling and the direction at a given point on the track and control the function of the train.

Report Attributes	Details
Electronic Treadles Market Size (2021A)	US$ 199 Million
Estimated Market Value (2022E)	US$ 209.1 Million
Forecasted Market Value (2032F)	US$ 428.3 Million
Global Market Growth Rate (2022-2032)	7.4% CAGR
North America Market Share (2021)	~19.6%
North America Market Growth Rate (2022-2032)	~5.3% CAGR
United States Market Growth Rate (2022-2032)	~5% CAGR
Key Companies Profiled	SNIC RAIL UK Henry Williams Ltd Altpro Schweizer Electronic Thales Group Network Rail Ltd Signal Aspects Ltd Unipart Rail

Sales Analysis of Electronic Treadles (2017-2021) in Comparison to Market Forecasts (2022-2032)

An electronic treadle is an electrical device that is used in railway signaling to detect the location, direction, and presence of a train. The treadle is primarily used to control automatic railroad crossings and uses both, a strike-in feature to start the railroad crossing sequence and a strike-out feature to end the sequence.

Manufacturers in the global electronic treadles market are focusing on providing technically-advanced electronic treadles with added features, which include inductive sensor technology providing highly precise and highly reliable solutions. They are also focusing on the extreme temperature, vibration, and electromagnetic interference features of rail electronic treadles.

• Short Term (2022 Q2 to 2025): Rising railway infrastructure and construction projects across the world will lead to enhanced demand for electronic treadles in the short term.
• Medium Term (2025-2028): In the medium term, demand is anticipated to grow on the back of advanced electronic treadles that can match the needs of users in several applications, from rail line construction to maintenance.
• Long Term (2028-2032): Market is anticipated to exhibit moderate growth in the long term because of economies witnessing advancements in rail transportation infrastructure.

According to Fact.MR, a market research and competitive intelligence provider, the worldwide electronic treadles market is predicted to evolve at a CAGR of 7.4% between 2022 and 2032 as compared to the CAGR of 1.4% registered between 2017 and 2021.

Which Factors are Driving Electronic Treadles Market Growth?

“Increasing Rail Infrastructural Development across Regions”

Rail transportation infrastructure plays an integral role in economic development, thereby changing the appearance of developed and developing countries. Big rail line projects for the construction of railways are in progress in developing countries to strengthen the backbone of rail transportation.

Electronic treadles are used extensively in rail line construction to detect the location, presence, and direction of trains. Furthermore, the availability of electronic treadles used in railway signaling will drive market growth substantially over the coming years.

“Versatility & Digitalization of Electronic Treadle Systems”

Several economies across the world are focusing on developing new infrastructure or upgrading existing infrastructure. Rail transportation is undergoing a tidal wave of digital transformation with far-reaching consequences.

Traditional rail transportation performance requirements will continue to be measured; however, each will benefit from the use of digital technologies.

Electronic treadles have now become more efficient with developments in design and the implementation of technology. In addition to this, advanced electronic treadles work provide excellent detection and efficiency and are also useful for rail track maintenance in crowded places.

“Expanding Freight Rail Infrastructure”

Freight railways are privately-owned companies that are responsible for their upkeep and modifications. Rail transit is much more efficient for moving products than road, air, or even sea transport, which may explain its high appeal.

Rising earnings also drive freight rail demand, because higher incomes have increased demand for the faster delivery of high-value, lighter commodities. Consumers are increasingly drawn to less expensive alternatives for goods transportation, which is expected to expand the freight rail sector, and, in parallel, drive the sales of electronic treadles.

Country-wise Insights

Which Countries Lead the Americas Electronic Treadles Market?

The United States electronic treadles market accounts for the largest market share of 75% in North America and is set to register 5% CAGR during the forecast years.

The Brazil electronic treadles market holds 24% market share in Latin America and is projected to expand at 7.3% CAGR over the decade.

Rapid rise in rail line construction and infrastructural activities is boosting the use of electronic treadles in these regions. In addition, electronic treads are widely used in rail systems to detect wheel failures and prevent serious accidents and tragedies, thereby supporting market demand and growth in these regions for the future.

How are the East Asia and South Asia & Oceania Markets Evolving?

The East Asia and South Asia & Oceania electronic treadles markets hold 20.8% and 21.4% shares, respectively, of the global electronic treadles market.

In these regions, the India and China electronic treadles markets are expected to expand rapidly at 10% and 8.8% CAGRs, respectively, over the forecast years of 2022-2032.

Rail infrastructural activities in the Asia Pacific region are rising fast, especially in emerging economies such as India and China who are building huge rail networks with reduced carbon emissions, drastically shortened travel times, and improved safety, thereby allowing more people to travel across their massive cities at a low price.

Category-wise Insights

How Do Uni-directional & Bi-directional Electronic Treadles Match Up?

The electronic treadles market, under direction, is segmented into uni-direction and bi-direction. Uni-directional treadles account for 14.8% of the global market share and the segment is projected to expand at 4.9% CAGR over the assessment period.

The market for bi-direction treadles is likely to gain traction owing to these offering better performance. Manufacturers are focusing on improving the efficiency of sensors to drive the overall sales of electronic treadles.

Bi-direction treadles hold 85.2% market share and their demand is slated to surge at 7.9% CAGR over the decade.

In Which Track Gauge are Electronic Treadles Most Widely Used?

Under the track type segment, the electronic treadles market is segmented into broad gauge, narrow gauge, standard gauge, and meter gauge.

Amongst them, standard gauge leads the market with 50.2% share, and the segment is poised to expand at 7.4% CAGR through 2032.

Rising construction industry coupled with governments of several countries focusing on developing better rail transportation facilities is likely to create opportunities in the electronic treadles market over the coming years, with standard gauge electronic treadles seeing the highest consumption.

Competitive Landscape

The global electronic treadles market is highly competitive and fragmented with the presence of several regional and global manufacturers. New product launches, redevelopments, mergers & acquisitions, partnerships, and collaborations are being adopted by key players in the market.

Along with this, new product development is also adopted as a strategic approach by companies to expand their presence in the market.

For instance:

• Network Rail, in 2021, entered into a contract with Thales to repurpose its tried-and-tested train detection system and replace mechanical treadles at critical track locations.
• Schweizer Electronic, in 2022, reached an important milestone by testing and commissioning its first Xing AWD system based on wheel sensors and axle counters.

Fact.MR has provided detailed information about the price points of key manufacturers of electronic treadles positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Electronic Treadles Industry Survey

• Electronic Treadles Market by Direction :

  • Uni-direction
  • Bi-direction

• Electronic Treadles Market by Track Type :

  • Broad Gauge
  • Narrow Gauge
  • Standard Gauge
  • Meter Gauge

• Electronic Treadles Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA