Press release
Railway Maintenance Machinery Market Worth $5,521.9 Million by 2027
Railway Maintenance Machinery Market
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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.
Population focuses on using railway traveling mode for efficient freight transportation. 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.
Key Market Players
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 Segmentation
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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