Report overview
A train wheel or Rail Wheel is a type of wheel specially designed for use on railway tracks. The wheel acts as a rolling component, typically pushed onto an axle and mounted directly on a railway carriage or locomotive, or indirectly on a bogie (in the UK), also called a truck (in North America). The powered wheels under the locomotive are called Driving Wheels. Wheels are initially cast or forged and then heat-treated to have a specific hardness.
This report aims to provide a comprehensive presentation of the global market for Rail Wheels, 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 Rail Wheels. This report contains market size and forecasts of Rail Wheels in global, including the following market information:
Global Rail Wheels Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Rail Wheels Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Rail Wheels companies in 2022 (%)
The global Rail Wheels market was valued at US$ 3304.8 million in 2022 and is projected to reach US$ 3995.1 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core rail wheels manufacturers include Interpipe, Nippon Steel corporation, Standard Steel etc.The top 5 companies hold a share about 50%.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 30% and 15%.In terms of product, freight wagons is the largest segment, with a share about 75%. And in terms of application, the largest application is AM market, followed by OE market.
We surveyed the Rail Wheels 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 Rail Wheels Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Rail Wheels Market Segment Percentages, by Type, 2022 (%)
High Speed
Freight Wagons
Passenger Wagons
Locos
Global Rail Wheels Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Rail Wheels Market Segment Percentages, by Application, 2022 (%)
OE Market
AM Market
Global Rail Wheels Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Rail Wheels 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 Rail Wheels revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Rail Wheels revenues share in global market, 2022 (%)
Key companies Rail Wheels sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Rail Wheels sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Interpipe
Nippon Steel corporation
Standard Steel
OMK Steel
Masteel Group
EVRAZ NTMK
ZHIQI RAILWAY EQUIPMENT
Amsted Rail
Taiyuan Heavy Industry
Bochumer Verein Verkehrstechnik (BVV)
GHH-Bonatrans
Lucchini RS
Datong ABC Castings Company Limited (DACC)
Xinyang Amsted Tonghe Wheels
CAF
Rail Wheels Factory
MWL
Comsteel
Outline of Major Chapters:
Chapter 1: Introduces the definition of Rail Wheels, market overview.
Chapter 2: Global Rail Wheels market size in revenue and volume.
Chapter 3: Detailed analysis of Rail Wheels 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 Rail Wheels 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 Rail Wheels 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.
