Rail Gangways Market Study: An Emerging Hint of Opportunity by 2028

Future Market Insights delivers key insights into the global rail gangways market and procures key information through structured market research. The report titled "Rail Gangways Market: Global Industry Analysis 2017 - 2021 and Opportunity Assessment 2022 - 2028" highlights the historic and upcoming trends across the globe. As per the report insights, the market is anticipated to witness growing demand for rail gangways from the on-going rail infrastructure development along with the new construction of metro rails over the coming years. Rising need for rail gangways in the developing countries is estimated to fuel the global rail gangways market.

The developing high-speed rail network and an expanding fleet of metro trains are the key factors driving the worldwide rail gangways industry. Between 2022 and 2028, the global market is projected to grow at a CAGR of 5.1%.

In terms of revenue, Western Europe is anticipated to rule the global rail gangways market in 2022, predicts Future Market Insights (FMI). Over the forecast period, demand in Western Europe is anticipated to grow at a CAGR of 4.6 percent by volume.

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Global Rail Gangways Market Dynamics

Across the globe, rising investments for railways development and upcoming metro rail projects will act as a catalyst for the overall growth of the rail gangways market during the period of 2018-2028. Moreover, increasing development of rail activities in developing regions, such as China and SEA & pacific, are estimated to fuel the growth of the rail gangways market over the forecast period.

Additionally, increase in the rolling stock is estimated to create lucrative growth opportunities for the suppliers of rail gangways over the forecast period. The increasing inclination of the consumers towards economical public transport via trains and metros is projected to fuel the demand for rail components such as the rail gangways over the forthcoming years in the global market. One of the prominent challenges faced by the rail gangways market is rising attractiveness of air transport coupled with the growth of automobiles for long and short trips.

Global Rail Gangways Market Forecast

The global rail gangways market insights suggest that the market is estimated to witness substantial growth during the forecast period

In terms of sales, China is estimated to account for major share in the global rail gangways market during the period of 2022-2028. In terms of market value share, Western Europe followed by China, is estimated to dominate the global rail gangways market. Furthermore, South East Asia & Pacific is estimated to create incremental $ opportunity around US$ 30.6 Mn in the global rail gangways market during the forecast period. Moreover, Japan and Latin America, is expected to grow at above average growth rate in the global rail gangways market over the forecast period.

On the basis of product type, the two piece gangways segment is estimated to account for a value of US$ 312.5 Mn by 2018 end. However, the single piece gangways segment is projected to account for a minor share of 30% of the market unit sales in the global rail gangways market during the forecast period.

By material type, the aluminum segment is projected to dominate the global rail gangways market. In terms of volume, the demand from aluminum segment is projected to be pegged at 206,747 Units by the end of 2028. Moreover, the steel material type segment is estimated to create incremental $ opportunity worth US$ 85.0 Mn in the global rail gangways market over the forecast period. The composite segment is expected to grow with remarkable growth rate in the global rail gangways market.

By train type, presently the passenger train segment is estimated to dominate the global market. However, with the rise in technology and innovation this passenger train segment will eventually lose its share to the high speed train segment by 2028. The high speed train segment is estimated to project a prominent incremental $ opportunity of US$ 52.2 Mn which represent around 22% in the global rail gangways market. The passenger train segment is estimated to be valued at US$ 340.9 by 2028 end in the global rail gangways market.

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Rail Gangways Market: Segmentation

Product Type

Single Piece Rail Gangways
Two Piece Rail Gangways

Material Type

Steel Rail Gangways
Aluminium Rail Gangways
Alloys Rail Gangways
Composites Rail Gangways

Train Type

Passenger train
Metro/Subway train
High speed train
Special train

Region

North America
Latin America
Western Europe
Eastern Europe
South East Asia and Pacific
Middle East and Africa
China
Japan

Global Rail Gangways Market: Competitive Landscape

Some of the key players involved in the manufacturing of rail gangways and included in this study are Hübner Gmbh & Co. Kg, Hutchinson Paulstra, Narita Mfg., Ltd, Dellner Couplers Ab, Atg Autotechnik Gmbh, Schliess- und Sicherungssysteme GmbH, Chongqing Hengtai Electromechanical Equipment Co., Ltd., Airflow Equipments (India) Pvt. Limited

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Key questions answered in the report

How has the Rail Gangways market evolved over the past four years?
What shape is the Rail Gangways market expected to take in terms of volume and value during the study period?
What are some of the prevailing market dynamics in the Rail Gangways market?
What are the competition developments and trends in the Rail Gangways market?
What are some of the underlying macro-economic and industry factors impacting the growth of the Rail Gangways market?
What are the important challenges, opportunities and improvement factors for Rail Gangways market players?
What are the important market positioning and key strategies of key manufacturers as per the Rail Gangways market taxonomy?
How is the competition structured at present? How has it evolved in the Rail Gangways market over the past few years?

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

This release was published on openPR.