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 contains market size and forecasts of Wheels & Axles for Railways in global, including the following market information:
Global Wheels & Axles for Railways Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Wheels & Axles for Railways Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Wheels & Axles for Railways companies in 2021 (%)
The global Wheels & Axles for Railways market was valued at 5429 million in 2021 and is projected to reach US$ 6406.2 million by 2028, at a CAGR of 2.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Rolled Wheels & Axles Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wheels & Axles for Railways include Amsted Rail, NSSMC, Taiyuan Heavy Industry, Masteel, GHH-BONATRANS, Jinxi Axle, Interpipe, Penn Machine and EVRAZ NTMK, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, by Type, 2021 (%)
Rolled Wheels & Axles
Forged Wheels & Axles
Global Wheels & Axles for Railways Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, by Application, 2021 (%)
High-speed Train
Locomotives
Railroad Passenger Cars
Railroad Freight Cars
Metro
Global Wheels & Axles for Railways Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheels & Axles for Railways Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Wheels & Axles for Railways revenues share in global market, 2021 (%)
Key companies Wheels & Axles for Railways sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Wheels & Axles for Railways sales share in global market, 2021 (%)
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