Track Geometry Measurement System Market Key Players & Growth Rate

The global track geometry measurement system market size was estimated at USD 3.18 billion in 2021 and is expected to reach USD 3.34 billion in 2022.

Regular track geometry analysis and measurement helps avoid derailments that might cause enormous damage. The expansion of rail networks and metro lines, as well as the increased need for safety and security in rail transit, are major drivers of the industry's expansion. Numerous train-related incidents and tragedies have raised worries throughout the world and prompted governments to digitise the method of transportation to guarantee a safer ride. Additionally, the business is growing as a result of the rising demand for smart technology to maintain the operational effectiveness of tracks.

Vibrations and the impact of fast trains have a significant impact on track geometry. In addition to the gauge suffering severe wear and tear, the cross-level and alignment are also compromised. As a result, predictive track maintenance is becoming more important. Thus,The demand for track geometry measuring systems is being driven by the requirement for inspections to be performed more often with faster and more accurate readings than previously.

A track condition measuring system is a critical component. In order to prevent any negative impacts on travellers and cargo, a railway track's condition is assessed using a track geometry measuring system. In order to minimise any negative impacts, the track geometry measuring system (TGMS) delivers accurate and trustworthy track data for both short- and long-term maintenance planning. Currently, the inertial-based track geometry measuring technology is becoming more widespread. The inertial-based track geometry assessment system is a portable, lightweight device that accurately assesses the geometry of train tracks under a variety of operational circumstances. Track geometry measurement system growth is being accelerated by the quick adoption of inertial-based rail track geometry measurement systems.

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Global Track Geometry Measurement System Market: Segmentations

Global Track Geometry Measurement System Market: By Key Players
Ensco
Fugro
Mer Mec
Balfour Beatty
Plasser & Theurer
Egi
Mrx
Bance
Bentley
Goldschmidt

Global Track Geometry Measurement System Market: By Types
No Contact
Contact

Global Track Geometry Measurement System Market: By Applications
High-Speed Railways
Mass Transit Railways
Heavy Haul Railways
Light Railways

Global Track Geometry Measurement System Market: Regional Analysis
The countries covered in the regional analysis of the Global Track Geometry Measurement System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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