06-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Track Geometry Measurement System Market By Type (Gauge, Twist, Cant, and Cant Deficiency, Vertical Profile, Curvature, Alignment, Dynamic Cross-Level, Dipped Joints, and Others) and By Application (High-Speed Railways, Mass Transit Railways, Heavy Haul Railways, and Light Railways): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global track geometry measurement system market in 2019 was approximately USD 2,640 Million. The market is expected to grow at a CAGR of 6.19% and is anticipated to reach around USD 4015 Million by 2026.
Track geometry measurement system collects data regarding the condition of a railway track to avoid any sort of casualty during passenger or freight transport. This system plays a vital role as it monitors the track conditions to safeguard the rail network. The track geometry measurement system delivers accurate and reliable track data for short- and long-term maintenance scheduling to prevent any adverse effects.
Browse the full “Track Geometry Measurement System Market By Type (Gauge, Twist, Cant, and Cant Deficiency, Vertical Profile, Curvature, Alignment, Dynamic Cross-Level, Dipped Joints, and Others) and By Application (High-Speed Railways, Mass Transit Railways, Heavy Haul Railways, and Light Railways): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/track-geometry-measurement-system-market-by-type-gauge-665
The growing need for safety and security in rail transport and metro networks is boosting the growth of the global market for track geometry measurement systems. Moreover, government authorities are taking initiatives to expand light rail infrastructure such as metro trains and rail networks to meet the growing demand for public transportation across various countries are scaling the demand for track geometry measurement systems.
Additionally, increasing demand for smart technologies is driving the global track geometry measuring system market to preserve the operating efficiency of tracks. Rapid enhancement in high-speed railways is anticipated to lift the global track geometry measurement system market growth as it is considered to be the safer mode of transportation.
The global track geometry measurement systems market has been segmented based on measurement type and application. In terms of measurement type, the TGMS market has been segmented into the gauge, twist, curvature, vertical profile, dipped joints, dynamic cross-level, and cant among others. Track gauge is the prominent measurement type as it prevents derailments by maintaining gauge distance between the inner faces of the load-bearing rails. These systems are used in high-speed railways, mass transit railways, heavy haul railways, and light railways. Presently, the mass transit railways hold the major market share. The growing demand for mass transit railway amid increasing population, urbanization and industrialization is likely to compel the track geometry measurement system in the upcoming years.
The global track geometry measurement system market has been analyzed in the following regions including, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is leading regional segments generating the major chunk of the market revenue. The Asia Pacific is anticipated to maintain its position in forthcoming years as in India, growing rail transport infrastructural development and rapid metro development work is supporting the growing track geometry measurement system demand. Moreover, China is undergoing a restructuring phases in the freight industry which is supplementing the demand for TGMSs in this region. Further, these regions are analyzed into major countries. The major countries analyzed in this research report are the U.S., UK, Mexico, Germany, Canada, France, China, India, South Korea, Japan, New Zealand, and Egypt among others.
Some of the key players analyzed and profiled in the market study are Goldschmidt Thermit GmbH, Bentley Systems, Incorporated, R. Bance & Co Ltd., MRX Technologies, Plasser & Theurer, Balfour Beatty, Mermec Inc., Fugro, and ENSCO, Inc. among others.
This report segments the track geometry measurement system market as follows:
Global Track Geometry Measurement System Market: By Type Segmentation Analysis
- Cant And Cant Deficiency
- Vertical Profile
- Dynamic Cross-Level
- Dipped Joints
Global Track Geometry Measurement System Market: By Application Segmentation Analysis
- High-Speed Railways
- Mass Transit Railways
- Heavy Haul Railways
- Light Railways
Global Track Geometry Measurement System Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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