About Heavy Rail
Rails are the most important component related to the system of rail track. The train runs on the parallel rails, carrying freight and passengers. It is fixed on the sleepers, rails pass the load of trains to the sleepers. Rails basically described and specified according to their weight per unit length. The minimum weight of the rail per meter required depends on a maximum axle load of the trains which will run on the track. Normally, the heavier the rails and also the rest of the track work, the faster and heavier the trains these tracks can carry. Rails actually represent a fraction of the substantial cost of a railway line. Only a few small numbers of rail sizes are made by the steelworks at one time, so a railway must choose accordingly the nearest suitable size. While Heavy Rail is referred to as the Rail weight which is higher than 30 Kg/m
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ansteel (China), EVRAZ (United Kingdom), BaoTou Steel (China), ArcelorMittal (Luxembourg), Tata Steel (India), SAIL (India), Wuhan Iron and Steel (China), NSSMC (Japan), Voestalpine (Austria) and JSPL (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mechel (Russia), ThyssenKrupp (Germany), JFE Steel (Japan), Hesteel Group (China) and Atlantic Track (United States).
Segmentation Overview
AMA Research has segmented the market of Global Heavy Rail market by Type (30-40 Kg/m Rail, 40-50 Kg/m Rail, 50-60 Kg/m Rail and Above 60 Kg/m Rail), Application (Railway Transit and Engineering & Construction) and Region.
On the basis of geography, the market of Heavy Rail has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Source, the sub-segment i.e. Diesel will boost the Heavy Rail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand for scrap produced during steel making
Market Growth Drivers:
Increased demands across various end users and Increasing disposable income of people
Restraints:
Increasing prices of raw material and Affect of factors such as labor laws and environmental cost on production
Opportunities:
Increasing construction activities and infrastructure in the Asia-Pacific region
Market Leaders and their expansionary development strategies
In August 2020, The ACCC will not oppose Alstom SA’s (Alstom) acquisition of Bombardier Inc’s transportation business (Bombardier Transportation). Alstom and Bombardier Transportation are global rail businesses active in the Australian market. The products and services they supply in Australia include light and heavy rail rolling stock, signalling and other safety systems and rail maintenance services.
In June 2022,Cubic Transportation System launched the first credit card and smart device-compatible gates on Queensland’s Heavy Rail Network, giving more payment options to commuters.
Key Target Audience
Heavy Rail Industry Investors, Heavy Rail Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.