Global Railway Vehicle Wheels Market Growth 2023-2029

Global Railway Vehicle Wheels Market Growth 2023-2029

Product Code:460064

Published Date: Feb 08,2023

Pages: 115

Region: Global

Category: Automobile & Transportation

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The wheels of a railway vehicle support the full load of the vehicle and are as important a part of the safe operation of a railway train as the axles.According to the manufacturing method, the wheels can be divided into rolled steel (rolling) wheels and cast steel (casting) wheels.According to the use can be divided into railway passenger cars, railway freight cars, locomotives, subways, high-speed trains.

Wheel structure: the place where the axle is installed is the hub. The place where the wheel contacts with the rail is the rim. Between the hub and the rim is the plate.The flat contact part between the rim and the rail head is the tread, and the prominent part of the rim is the rim.

LPI (LP Information)' newest research report, the “Railway Vehicle Wheels Industry Forecast” looks at past sales and reviews total world Railway Vehicle Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Vehicle Wheels sales for 2023 through 2029. With Railway Vehicle Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Vehicle Wheels industry.

This Insight Report provides a comprehensive analysis of the global Railway Vehicle Wheels 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 Vehicle Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Railway Vehicle Wheels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Vehicle Wheels 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 Vehicle Wheels.

The global Railway Vehicle Wheels market size is projected to grow from US$ 2822.3 million in 2022 to US$ 3099.7 million in 2029; it is expected to grow at a CAGR of 3099.7 from 2023 to 2029.

Global Railway Vehicle Wheels key players include NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Railway Vehicle Wheels market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Rolling Steel Wheel
    Cast Steel Wheel

Segmentation by application
    Railway Passenger Car
    Railway Wagon
    Locomotive
    High Speed Train
    Other

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 analyzing the company's coverage, product portfolio, its market penetration.
    NSSMC
    Interpipe
    OMK Steel
    EVRAZ NTMK
    Bochumer Verein Verkehrstechnik (BVV)
    Lucchini RS
    Rail Wheel Factory
    GHH-Bonatrans
    Amsted Rail
    CAF
    Comsteel
    Magang (Group) Holding
    Taiyuan Heavy Industry
    Datong ABC Castings Company Limited (DACC)
    Xinyang Amsted Tonghe Wheels
    ZHIQI RAILWAY EQUIPMENT

Key Questions Addressed in this Report
What is the 10-year outlook for the global Railway Vehicle Wheels market?
What factors are driving Railway Vehicle Wheels market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Railway Vehicle Wheels market opportunities vary by end market size?
How does Railway Vehicle Wheels break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?