Global Rail Grinding Vehicle market is expected to reach USD 4,310.4 million by the end of 2026

Global Rail Grinding Vehicle Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026

Infinity analysts forecast the global Rail Grinding Vehicle market to grow at a CAGR of 4.6% during the forecast period, according to their latest market research report.

Rail Grinding Vehicles are deployed on tracks to identify and repair deformities and extensions that might lead to the derailment of trains. The rail grinding vehicles form the primary monitoring fleet that caters to the repair works and regular maintenance of the switch and mainline tracks.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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Top key players @ Plasser & Theurer, CRCC High-Tech Equipment, Loram Maintenance of Way, Harsc, Strukton, Speno, Remputmash Group, GEATECH Group, Gemac Engineering, CRRC, MATISA France, Vortok International, Teräspyörä-Steelwheel Oy, Alstom, Bombardier, General Electric, Hitachi, Transmashholding, Voestalpine, Toshiba, Kawasaki, Hyundai Rotem, Wabtec, and Herzog

The increasing need to reduce railroad defects for extended track longevity and rising demand for railroad maintenance in accident-prone high-risk zones are the influential primary factors that would bolster the growth prospects of the market during the forecast period. The track zones of steep turning and curves require regular maintenance, which is adequately provided by the rail grinders. The corrective profiling of tracks done by rail grinding vehicles are useful in the elimination of additional fatigue on rail tracks, which then increases the safety of rail travel. The enhanced procedures of fatigue identification and repair have made it possible to increase the durability of the tracks, influencing the consistent demand for rail grinding vehicles. The continued development of high-speed, efficient rail grinding vehicles would offer key manufacturers with new opportunities for the product application and business expansion over the forecast period.

Switch and Main Line are covered in the Type segment of the market scope, while the Application segment is categorized into Ballastless Track and Ballast Track. The report covers the value and volume of the global market by Type and Application, with the volume expressed in Units.

The volume of the Ballast Track rail grinding vehicles by Application is estimated to garner 2,588 Units by 2026; growing at a CAGR of 3.4% from 2020 to 2026. The regular maintenance of ballast tracks by rail grinding vehicles to reduce vibrational noise and increase passenger comfort during peak hours travel would be the primary factors to boost the segment growth in the coming years.

TABLE OF CONTENT:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecasts 2019-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix

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This release was published on openPR.