Rail Wheel And Axle Market is expected to witness a CAGR of 5.6% from 2018 to 2026 | Comsteel,CAF,Nippon Steel,Bombardier

An outlook of the global rail wheel and axle market with reference to the automotive industry

The global industry is currently witnessing a period of stabilization as steady sales continue to sustain growth for suppliers and OEMs. However, an industry that is undergoing one of the biggest transformation, the future truly looks uncertain. The auto industry has always remained fiercely competitive, with US, German, and Japanese OEMs relying on incremental upgrades to consolidate their position. However, as electric vehicles and driverless cars become a reality, traditional players are staring at a future they aren’t entirely familiar with. The next five years in this industry paint a picture of collaboration and competition with the Silicon Valley.
In 2017, the industry has witnessed growth in North America being offset by slowdown in Europe and China. The fortunes of the global automotive industry are stacked in favor of emerging markets, as limited opportunity continues to plague matured markets.

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List of factors tracked in the automotive industry market report

• Automotive Industry GVA
• Automotive production outlook
• Automotive sales outlook
• Fleet on road outlook
• Automotive carbon emissions outlook
• Emissions & safety norms
• Installation rates of components / accessories
• Replacement rates of components / accessories
• Growth in aftermarket
• Growth in service centers

Europe is expected to retain dominance with maximum adoption of rail wheel and axle

The railway industry in Europe and North America is representing a total production value of around US$ 65 Bn, with gross value added being around 45% of the production value. Players in the region are adopting strategies to expand as well as strengthen the market in the region. Reduction in prices, adoption of more efficient processes, expansion of product portfolio, and extension of long term supply relations with key end use industries as well as localized manufacturers constitute the key strategies of major players, in order to gain an enhanced customer base and an augmented market share. Well-structured and efficient supply chain along with an improved retailing network for rail wheel and axle are also foreseen to be among the major growth strategies for reaching out to customers. In Russia, Germany, Italy, and the U.K., increasing passenger is also projected to drive the mainline segment over the forecast period.

China and North America are expected to have a neck and neck competition in terms of adoption over upcoming years

Due to booming industrialization in emerging economies such as China, the expansion of railways has also increased and is thus expected to trigger high demand for rail wheel and axle in the region. Introduction of new projects in both North America and China is likely to encourage the market growth in near future. For instance, The U.S. Department of Transportation (USDOT) is focusing on expansion of rail lines in the Sonoma-Marin Area. For this project, FTA (Freight Transport Association) provided a US$ 22.5 Mn fund to the rail ministry. In China, one of the leading Chinese companies recently signed two ambitious rail projects with Brazil for building two ticket railway related infrastructure projects in the Bahia state.

Standard Report Structure
• Executive Summary
• Market Definition
• Macro-economic analysis
• Parent Market Analysis
• Market Overview
• Forecast Factors
• Segmental Analysis and Forecast
• Regional Analysis
• Competition Analysis

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