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According to the latest research, the global Railway Switch market size was valued at USD 2996.17 million in 2022 and is expected to expand at a CAGR of 0.87% during the forecast period, reaching USD 3156.01 million by 2028.
Railway switch is a connecting device in the modern railway systems. As an important component of track, railway switch is used to allow the train to switch tracks. In general, railroad switch is wildly laid in the station and marshalling station. Railway switch has the characters of huge quantity, complex structure, short lifespan, speed limit, low-security, high maintenance cost, and etc.
Market Drivers/Opportunities
With the acceleration of global urbanization, the number and density of urban population are increasing day by day, and the traffic pressure is also increasing sharply. Rail transit can make full use of underground and aboveground development space, improve the utilization efficiency of land resources and improve the transportation convenience. Rail transit is the inevitable choice to alleviate traffic congestion. Under the background of accelerating urbanization and improving infrastructure, urban rail transit and railway transportation in various countries are developing continuously. By the end of 2020, 538 cities in 77 countries and regions around the world have opened urban rail transit systems. Railway transportation has long occupied an important position in modern transportation systems of various countries by virtue of its advantages of wide coverage, large transportation volume, low freight, high speed, low energy consumption and high safety. Railroad switch plays an important role in rail transit. With the development of global economy, the demand of population mobility and cargo transportation is increasing, and the total mileage of rail transit will continue to expand in the future, driving the market demand of rail switch to grow.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
China Railway Hi-tech Industry, voestalpine Railway Systems, Vossloh, China Railway Construction
and Heavy Industry are the five key players in the global Railway Switch market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Railway Switch market in the past 5 years.
China Railway High-tech Industry Co., Ltd. is a scientific and technological innovation enterprise specializing in R&D and manufacturing of tunnel boring machines and comprehensive services. At present, it has formed a relatively complete shield industry system and product categories. The company has undertaken 8 national "863" plan projects, 3 national "973" plan projects, and developed rectangular shield machines, large-diameter full-face hard rock tunneling machines (TBM), horseshoe shields and other products.
voestalpine Railway Systems is the global market leader for railway infrastructure system solutions, offering top-quality products, logistics and services for rails, turnouts, fastening systems, signaling technology and monitoring applications.
Segmentation Overview:
Among different product types, Single Crossover segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Conventional Railway segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Railway Switch industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Railway Switch. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Railway Switch Market Report Include:
Market Size Estimates: Railway Switch market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Railway Switch market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Railway Switch market
Segment Market Analysis: Railway Switch market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Railway Switch market situations and prospects in major and top regions and countries
Railway Switch Market
Railway Switch Industry Chain: Railway Switch market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Railway Switch Industry News, Policies by regions
Railway Switch Industry Porters Five Forces Analysis
Key players in the global Railway Switch market are covered in Chapter 2:
voestalpine Railway Systems
NARSTCO
Amurrio Ferrocarril y Equipos
DT - Slovenská výhybkáreň
LB Foster
PRAŽSKÁ STROJÍRNA AS
China Railway Construction Heavy Industry
China Railway Hi-tech Industry
SO.CO.FER.Srl
MI-NE SEISAKU-SHO
SUMIHATSU
Progress Rail
Vossloh
Jekay Group
Patil Group
Atlantic Track & Turnout
In Chapter 6 and Chapter 9, on the basis of types, the Railway Switch market from 2018 to 2028 is primarily split into:
Single Crossover
Double Crossover
Track Crossing
Slip Switch
Three Bar Switches
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Railway Switch market from 2018 to 2028 covers:
High Speed Lines
Conventional Railway
Tram
Subway
Heavy Haul Lines
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Railway Switch market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Railway Switch industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Railway Switch market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Railway Switch industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Railway Switch market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Railway Switch market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Railway Switch market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Railway switch is a connecting device in the modern railway systems. As an important component of track, railway switch is used to allow the train to switch tracks. In general, railroad switch is wildly laid in the station and marshalling station. Railway switch has the characters of huge quantity, complex structure, short lifespan, speed limit, low-security, high maintenance cost, and etc.
Market Drivers/Opportunities
With the acceleration of global urbanization, the number and density of urban population are increasing day by day, and the traffic pressure is also increasing sharply. Rail transit can make full use of underground and aboveground development space, improve the utilization efficiency of land resources and improve the transportation convenience. Rail transit is the inevitable choice to alleviate traffic congestion. Under the background of accelerating urbanization and improving infrastructure, urban rail transit and railway transportation in various countries are developing continuously. By the end of 2020, 538 cities in 77 countries and regions around the world have opened urban rail transit systems. Railway transportation has long occupied an important position in modern transportation systems of various countries by virtue of its advantages of wide coverage, large transportation volume, low freight, high speed, low energy consumption and high safety. Railroad switch plays an important role in rail transit. With the development of global economy, the demand of population mobility and cargo transportation is increasing, and the total mileage of rail transit will continue to expand in the future, driving the market demand of rail switch to grow.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
China Railway Hi-tech Industry, voestalpine Railway Systems, Vossloh, China Railway Construction
and Heavy Industry are the five key players in the global Railway Switch market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Railway Switch market in the past 5 years.
China Railway High-tech Industry Co., Ltd. is a scientific and technological innovation enterprise specializing in R&D and manufacturing of tunnel boring machines and comprehensive services. At present, it has formed a relatively complete shield industry system and product categories. The company has undertaken 8 national "863" plan projects, 3 national "973" plan projects, and developed rectangular shield machines, large-diameter full-face hard rock tunneling machines (TBM), horseshoe shields and other products.
voestalpine Railway Systems is the global market leader for railway infrastructure system solutions, offering top-quality products, logistics and services for rails, turnouts, fastening systems, signaling technology and monitoring applications.
Segmentation Overview:
Among different product types, Single Crossover segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Conventional Railway segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Railway Switch industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Railway Switch. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Railway Switch Market Report Include:
Market Size Estimates: Railway Switch market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Railway Switch market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Railway Switch market
Segment Market Analysis: Railway Switch market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Railway Switch market situations and prospects in major and top regions and countries
Railway Switch Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Railway Switch Industry Chain: Railway Switch market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Railway Switch Industry News, Policies by regions
Railway Switch Industry Porters Five Forces Analysis
Key players in the global Railway Switch market are covered in Chapter 2:
voestalpine Railway Systems
NARSTCO
Amurrio Ferrocarril y Equipos
DT - Slovenská výhybkáreň
LB Foster
PRAŽSKÁ STROJÍRNA AS
China Railway Construction Heavy Industry
China Railway Hi-tech Industry
SO.CO.FER.Srl
MI-NE SEISAKU-SHO
SUMIHATSU
Progress Rail
Vossloh
Jekay Group
Patil Group
Atlantic Track & Turnout
In Chapter 6 and Chapter 9, on the basis of types, the Railway Switch market from 2018 to 2028 is primarily split into:
Single Crossover
Double Crossover
Track Crossing
Slip Switch
Three Bar Switches
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Railway Switch market from 2018 to 2028 covers:
High Speed Lines
Conventional Railway
Tram
Subway
Heavy Haul Lines
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Railway Switch market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Railway Switch industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Railway Switch market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Railway Switch industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Railway Switch market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Railway Switch market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Railway Switch market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
