Press release
Railway Maintenance Machinery Market Analysis, 2020–2027 | by Product Type, Application & Sales Type
Railway Maintenance Machinery Market
Moreover, according to International Energy Agency (IEA), approximately 7% of the global freight transportation and logistics happens through railway network. In addition, metro system provides cheap and convenient urban transportation in around 200 cities globally thereby propelling the growth of the railway maintenance machinery market.
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According to a new report published by Allied Market Research, titled, “Railway Maintenance Machinery Market by Product Type, Application, and Sales Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the global railway maintenance machinery market size was valued at $3.74 billion in 2019, and is projected to reach $5.52 billion by 2027, registering a CAGR of 7.2% from 2020 to 2027.
COVID-19 is a disease caused by a newly discovered virus named Coronavirus. Many people are suffering from Coronavirus disease throughout the globe. During lockdown, due to COVID-19 pandemics, various major players in the global railway maintenance machinery market to stop their business production due to lock down implemented in countries such as the U.S., China, Brazil, and others. This stop in business activities has directly impacted the sales of railway maintenance machinery industry manufacturers.
Key Players
Key companies profiled in the report include China Railway Construction Corporation Limited (CRCC High- Tech Equipment Co. Ltd), China State Railway Group Co Ltd. (Gemac Engineering Machinery Co Ltd), System 7- Railsupport GmbH, Harsco Corporation, MER MEC s.p.A., Geatech Group s.r.l., Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., Sinara-Transport Machines Holding, Fluor Corporation (American Equipment Company, Inc), and Coril Holdings Ltd (Loram Maintenance of Way, Inc).
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Key Market Segments
By Product Type
Tamping Machine
Stabilizing Machinery
Rail Handling Machinery
Ballast Cleaning Machine
Others
By Application
Ballast Track
Non-ballast Track
By Sales Type
New Sales
Aftermarket Sales
By Region
North America
Europe
Asia-Pacific
LAMEA
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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