Report overview
A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
This report aims to provide a comprehensive presentation of the global market for Wheels & Axles for Railways, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheels & Axles for Railways. This report contains market size and forecasts of Wheels & Axles for Railways in global, including the following market information:
Global Wheels & Axles for Railways Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Wheels & Axles for Railways Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Wheels & Axles for Railways companies in 2022 (%)
The global Wheels & Axles for Railways market was valued at US$ 5429 million in 2022 and is projected to reach US$ 6406.2 million by 2029, at a CAGR of 2.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Wheels & Axles for Railways key players include Lucchini RS, GHH-BONATRANS, NSSMC, Interpipe, Taiyuan Heavy Industry, etc. Global top five manufacturers hold a share about 40%. CIS is the largest market, with a share about 35%, followed by China, with a share about 30 percent. In terms of product, Forged Wheels & Axles is the largest segment, with a share about 50%. And in terms of application, the largest application is Railroad Passenger Cars, followed by Railroad Freight Cars, High-speed Trains, Locomotives.
We surveyed the Wheels & Axles for Railways manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wheels & Axles for Railways Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, by Type, 2022 (%)
Rolled Wheels & Axles
Forged Wheels & Axles
Global Wheels & Axles for Railways Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, by Application, 2022 (%)
High-speed Train
Locomotives
Railroad Passenger Cars
Railroad Freight Cars
Metro
Global Wheels & Axles for Railways Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wheels & Axles for Railways revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Wheels & Axles for Railways revenues share in global market, 2022 (%)
Key companies Wheels & Axles for Railways sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Wheels & Axles for Railways sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Amsted Rail
NSSMC
Taiyuan Heavy Industry
Masteel
GHH-BONATRANS
Jinxi Axle
Interpipe
Penn Machine
EVRAZ NTMK
OMK
Xinyang Tonghe Wheels
GMH-Gruppe
Outline of Major Chapters:
Chapter 1: Introduces the definition of Wheels & Axles for Railways, market overview.
Chapter 2: Global Wheels & Axles for Railways market size in revenue and volume.
Chapter 3: Detailed analysis of Wheels & Axles for Railways manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Wheels & Axles for Railways in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Wheels & Axles for Railways capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
