The growing need for rail gangways in various nations, owing to ongoing railway infrastructure expansion and new metro rail construction, is expected to boost the growth of the rail gangways market globally.
The global rail gangways market is anticipated to reach US$ 392.8 million in 2018, with a CAGR of 4.9 percent expected during the forecast period (2018-2028). Rising investments in railway developments and impending metro rail projects are expected to support the market’s future growth, which is expected to reach US$ 634.0 million by 2028. Moreover, the rail gangways industry is expected to generate additional revenue of US$ 241.3 million throughout the assessment period.
Market Segments for Rail Gangways
The worldwide rail gangways market is divided into two types based on product type: two piece rail gangways and single rail gangways.
The global rail gangways market is divided into aluminium rail gangways, alloy rail gangways, steel rail gangways, and composite rail gangways based on material type.
The global rail gangways market is divided into four categories based on train type: high-speed train, passenger train, metro or subway train, and special train.
Latin America, North America, Eastern Europe, Western Europe, SEA & Pacific, Japan, China, and the Middle East & Africa are among the eight regions where rail gangways are sold.
Market Structure for Rail Gangways Around the World
The global rail gangways market is expected to remain consolidated, with the top players controlling the majority of the industry. The global sales of train gangways are estimated to produce approximately US$ 50 million in revenue for these companies. In the global rail gangways industry, mid-sized players are expected to retain a 25 percent to 35 percent market share.
Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Airflow Equipments (India) Pvt. Limited, ATG AUTOTECHNIK GmbH, KTK Group, Qingdao Victall Railway Co., Ltd., Kasper Elektronik GmbH, Korea Railway Parts Co Ltd., ATG AUTOTECHNIK.
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