QYResearch Reviewed: Europe Rail Wheel and Axle Market Report 2016
A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
The Rail Wheels & Axles industry is relatively concentrated and high-end products mainly come from North America and Western Europe.
In the Europe wide, major salers mainly are GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMH-Gruppe, Interpipe, OMK, Amsted Rail, Masteel, NSSMC, Kolowag and etc.
In the past five years from 2011 to 2015, Europe Rail Wheels & Axles market scale was from 528 million dollars to 601 million; in 2015, the total sales volume of Rail Wheels & Axles is 840 K Unit, with growth rate (2014-2015) about 3.4%.
Russia is the largest consumer of Rail Wheels & Axles and is expected to retain the higher growth rate during the next five years due to strong growth in downstream industry. China and India have witnessed a major chunk of the production and consumption of Rail Wheels & Axles in the Asia Pacific region. Actually, that is why manufacturers have several plants, usually close to aimed demand market. Geographically, Russia took over 19% of the Europe consumption volume in 2015.
All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world's leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies.
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