According to IMARC Group latest report titled” Railway Maintenance Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited moderate growth during 2015-2020. The global railway maintenance machinery market size to grow at a CAGR of around 7% during 2021-2026. Railway maintenance machinery refers to the equipment used to repair and maintain the railway tracks. Tamping, rail handling, stabilizing and ballast cleaning equipment are some commonly available types of railway maintenance machinery. They are used to monitor, inspect and maintain the alignment of the railway tracks and can be utilized on both ballast and non-ballast tracks. These machineries aid in enhancing overall safety, replacing the rails, reducing operational costs, fuel consumption, wear and tear of components and increasing the life of the railway tracks.Request to get the sample report: www.imarcgroup.com/railway-maintenance-machinery-market/requestsample
Market Trends:
The global railway maintenance machinery market is primarily being driven by the increasing incidences of railway accidents and mishappening. Railway maintenance machinery assists in ensuring operational safety and security and preventing such incidents. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and the Internet of Things (IoT) to control, supervise and protect railway systems, are providing a thrust to the market growth. Other factors, including rising government expenditures on infrastructural development, along with rapid electrification of railway systems, especially in the emerging economies, are anticipated to positively impact the market growth.
View Full Report with TOC & List of Figure: www.imarcgroup.com/railway-maintenance-machinery-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
American Equipment Company Inc
China Railway Construction Corporation Limited
Geatech Group srl
Harsco Corporation
Loram Maintenance of Way Inc.
MATISA Industrial Materials S.A
Plasser & Theurer
Speno International SA
Strukton
Teräspyörä-Steelwheel Oy
Railway Maintenance Machinery Market Segmentation:
Our report has categorized the market based on region, product type, application and sales type.
Breakup by Product Type:
Tamping Machine
Stabilizing Machinery
Rail Handling Machinery
Ballast Cleaning Machinery
Others
Breakup by Application:
Ballast Track
Non-Ballast Track
Breakup by Sales Type:
New Sales
Aftermarket
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800