Global Railway Maintenance Machinery Market Forecast, Trend Analysis and Competition Tracking - Global Market insights 2015 to 2031

Demand for Railway Maintenance Machinery from 2015 to 2020 Vs Future Market Projections for 2021-2031

From 2015 to 2020, sales of railway maintenance machinery were significantly high, expanding at under 8% CAGR.

Request Covid - 19 Impact

Increasing demand for high-performance levels in rail infrastructure that guarantees traffic flows with minimum disruption due to high operational availability levels, safety, and security is a factor driving the global railway maintenance machinery market's growth. In addition, the UIC Global Vision for Railway Development (GVRD) has been prepared by the UIC International Railway Research Board (IRRB). The GVRD is structured based on core themes set out in the UIC Region's strategic documents and other relevant documents. It can help railways optimize and develop rail systems to realize opportunities and meet customer and social needs in the near future.

The COVID-19 pandemic has promised new growth in expanding industry automation sector. The total spending for industrial automation has increased and reached US$ 164.3 billion in 2020 and is further expected to grow more and reach US$ 307.4 billion in 2027. From 2021 to 2031, demand is likely expanding at a CAGR exceeding 9% as consistent growth in the adoption rate of various technologies coupled with vehicles by considering the safety and emission norms.

Global Railway Maintenance Machinery Market Revenue Outlook:

The global railway maintenance machinery market was valued at US$ 4.6 Bn in 2020 and is projected to register а САGR of 7.4% by 2031.

By bringing innovative technologies and concepts together, the network infrastructure's design, construction, operation, and maintenance should be more reliable, secure, and safe for customer needs, cost-effective, sustainable, adaptable to future needs, automated, and capable of responding to disasters. The design of stations and terminals will be able to meet the needs of prospective customers. The board is the cornerstone of providing high-quality, convenient, and reliable railway services and industry competitiveness.

Market Driving Factors for Railway Maintenance Machineries

Increasing demand for maintenance services to reduce traffic flow disruption based on the availability of operations, security, and safety is expected to propel the growth of the global railway maintenance machinery market. The intelligent infrastructure will have anti-fatigue, anti-wear, energy-saving effects, and the system components will be automatically monitored in real-time. Using new track engineering and operational technologies across the network will reduce invasive maintenance and significantly improve infrastructure interactions at both conventional and high speeds. This is another factor expected to drive the growth of the market.

COVID-19 impact on the Railway Maintenance Machinery Market

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The primary factor behind this slowdown is various countermeasures adopted by respective governments to curb the trajectory of this virus. As significant economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to manage their respective operations effectively. This is a primary factor that is anticipated to influence prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its pre-COVID state.

Trends of Adopting Railway Maintenance Machinery

Railway maintenance machinery for the infrastructure provided by remote condition monitoring enables the requirement of maintenance service at optimum life cycle costs is a factor gaining traction to drive the growth of the market. Understanding and managing track contact fatigue, including research on traction device slip control, track reshaping, and the effects of track lubrication and friction modifiers, helps design a system that optimizes maintenance intervals and saves costs. Additionally, increasing demand for smart connectivity among cities and suburbs, coupled with the deployment of digitalization in various countries, is another trend witnessed in the global railway maintenance machinery market.

 Business Opportunities

Government initiatives and funding for various infrastructure projects create a potential opportunity for the market players. High-speed railway projects such as Taiwan High-Speed Rail and building a new transport system known as an automated passenger transit system are expected to create a lucrative opportunity for the player. Moreover, various countries' government organizations are taking initiatives and funding for rail-related projects to reduce pollution, especially transportation. This will boost the overall demand for self-driving taxis in the region.

Competitive Landscape

The railway maintenance machinery market landscape appears highly consolidated, with a significant chunk of it being dominated by US players.

• Caterpillar Inc.
• Harsco Corporation
• Alamo Group Inc.
• Plasser & Theurer
• Antea Group
• Coril Holdings Ltd.
• MATISA SAS
• GEATECH Group Srl.
• Speno International SA
• American Equipment Co.
• Other Players

Some notable developments in the market include:

• In November 2020, Bombardier Inc., a Canadian multinational company, launched a new digital service known as EBI Sense, that delivers predictive maintenance for railway signaling.
• In 2019, the government of India's Public Investment Board announced an investment of US$ 10.3bn for the Regional Rapid Transit System (RRTS) in four cities in India.
• In 2018, According to the National Railway Administration of China, the government spent approximately US$ 81.5 Bn on the construction of urban rail transport. By 2021, China plans to have 9,500 km expected to operate countrywide, with Jinan, Lanzhou, Changzhou, Xuzhou, and Huhhot expected to place new metro lines in operation in 2019.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

 Key Segments Covered

Railway Maintenance Machinery Market, By Product Type

• Tamping Machine
• Stabilizing Machinery
• Rail Handling Machinery
• Ballast Cleaning Machine
• Other Product Types

Railway Maintenance Machinery Market, By Application

• Ballast Track
• Ballast less Track

• Caterpillar Inc.
• Harsco Corporation
• Alamo Group Inc.
• Plasser & Theurer
• Antea Group
• Coril Holdings Ltd.
• MATISA SAS
• GEATECH Group Srl.
• Speno International SA
• American Equipment Co.
• Other Players