Global Track Geometry Measurement Systems market will reach 620 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/11/5

One of the greatest problems encountered by railways in Europe is that track costs, the major cost component for Infrastructure Managers (IMs), have not significantly decreased in the last 30 years. In the same period of time, competing modes of transportation have seen a significant reduction of Life Cycle Costs (LCC). This narrows the business case for rail transportation. In addition to costs, noise pollution also became a crucial issue for railway operations.

Track Geometry Measurement System, is used during new railway construction and used in track geometry based risk and maintenance management for revenue track lines. Major criterions of a track geometry measurement system is measuring:

-Track gauge

-Track cant

-Transition curve and superelevation ramp

-Horizontal curve radius

-Vertical curve radius and gradient

Other criterions also may include: twist, dynamic cross-level, etc.

As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years. China is the major contributor for this region. As of 2016, China has the world’s longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

The global Track Geometry Measurement Systems market is valued at 480 million US$ in 2017 and will reach 620 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2018-2025.

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