Product Code:1357730
Published Date: Feb 05,2025
Pages: 105
Region: Global
Category: Automobile & Transportation
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The global Railway Gearbox market size is predicted to grow from US$ 1448 million in 2025 to US$ 1837 million in 2031; it is expected to grow at a CAGR of 4.0% from 2025 to 2031. Railway Gearbox refers to a mechanical device used in locomotives and rolling stock for transmitting power from the engine to the wheels. It consists of a series of gears and shafts enclosed in a housing, and its main function is to change the speed and torque of the power being transmitted. The gearbox ensures efficient and reliable transmission of power, allowing the train to achieve different speeds and handle various conditions like climbing hills or maintaining constant speed on flat tracks. It is a critical component that contributes to the smooth and safe operation of railway vehicles. According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively. LP Information, Inc. (LPI) ' newest research report, the “Railway Gearbox Industry Forecast” looks at past sales and reviews total world Railway Gearbox sales in 2024, providing a comprehensive analysis by region and market sector of projected Railway Gearbox sales for 2025 through 2031. With Railway Gearbox sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Gearbox industry. This Insight Report provides a comprehensive analysis of the global Railway Gearbox landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Railway Gearbox portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Railway Gearbox market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Gearbox and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Railway Gearbox. This report presents a comprehensive overview, market shares, and growth opportunities of Railway Gearbox market by product type, application, key manufacturers and key regions and countries. Segmentation by Type: 10 - 50 50 - 100 Others Segmentation by Application: Tram Car Subway Car Railway Passenger Car Light Rail Car This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration. ZF CFD IGW Wikov NGC Gear TYHI Advance Key Questions Addressed in this Report What is the 10-year outlook for the global Railway Gearbox market? What factors are driving Railway Gearbox market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Railway Gearbox market opportunities vary by end market size? How does Railway Gearbox break out by Type, by Application?