Railway Wheel Market Segmentation By Players, Regions, and Application, 2023
Railway Wheel Market is expected to grow at a CAGR of 2.1% in the upcoming period. Growing urbanization & changing travel system across the globe, governments’ initiatives on investing huge money on transport infrastructure, and growing population in metropolitan areas are the major factors for the growth of market.
(firmenpresse) - Global Railway Wheel Market is expected to grow at a CAGR of 2.1% in the upcoming period as the scope and its applications are rising enormously across the globe. Railway wheel, as the name suggests, is mainly designed for use on rail tracks. It is manufactured out of a single piece of chromium molybdenum steel or manganese steel as these alloys have great resistance to ductility, wear, and hardness.
Growing number office workers in the developing countries, increasing urbanization and changing travel system across the globe, governments’ initiatives on investing huge money on transport infrastructure, and growing population in metropolitan areas are documented as the major factors of railway wheel market that are estimated to grow in the years to come. Railway wheel market is segmented based on wheel type, distribution channel, application, and region.
Steel tired wheels, monoblock wheels, cast steel wheel, rubber tired wheels, resilient wheels, wrought steel wheel, and the others could be explored in Railway Wheel in the forecast period. The market may be categorized based on distribution channels like aftermarket, OEM, and others that could be explored in the forecast period. Several applications of Railway Wheel such as passenger wagons, high speed, locomotive wheels, freight wagons, and the others could be explored in Railway Wheel in the forecast period.
Globally, North America account for the substantial market share of Railway Wheel and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising use of enhanced technology and presence of key manufacturers in the region. The United States is a major consumer of Railway Wheel in this region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the fastest pace in the foremost period. The developing countries like India and China are the major consumers of Railway Wheel in this region.
The key players of Railway Wheel Market are Jinxi Axle, MA Steel, Zhibo Lucchini Railway Equipment, GHH Radsatz, Xinyang Tonghe wheels, Arrium, Datong ABC Castings Company, Nippon Steel & Sumitomo Metal (NSSMC), Taiyuan Heavy Industry (TYHI), Sumitomo Metal Industries, and Vyksa Steel Works (VSW). These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Themen in dieser Pressemitteilung:
railway-wheel-market
automotive-and-parts
railway-wheel
railway-wheel-industry
automotive-and-parts-market
automotive-and-parts-industry
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 16.03.2020 - 07:08 Uhr
Sprache: Deutsch
News-ID 609055
Anzahl Zeichen: 2901
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Parts and Accessories
Typ of Press Release: Financial
type of sending: don't
Date of sending: 16.03.2020
Diese Pressemitteilung wurde bisher 222 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Railway Wheel Market Segmentation By Players, Regions, and Application, 2023"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
