Global Track Geometry Measurement System Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 275
- CATEGORY
- Electronics & Communication
Market Overview:
The Global Track Geometry Measurement System Market was valued at USD 3.68 billion in 2022 and expected to grow at a CAGR of 5.3% during the forecast period. Track geometry measurement system (TGMS) is a technology used to measure and evaluate the geometry of railway tracks. It is used to ensure that the railway tracks are within acceptable limits for safe train operation. TGMS is an essential tool for railway maintenance and inspection. The system consists of various sensors that are placed on a specialized vehicle, which is typically a dedicated measurement car. These sensors measure various parameters of the track geometry such as gauge, alignment, curvature, elevation, and twist. The collected data is then analyzed to detect any irregularities in the track geometry that could potentially lead to derailment or other safety concerns.
The measurement results obtained from TGMS can be used to generate reports and charts that are helpful for maintenance personnel to prioritize and plan maintenance activities. Additionally, the data can be used to provide early warning of potential track defects, allowing for proactive maintenance and reducing the risk of accidents. TGMS is typically used by railway companies to monitor their tracks regularly, but it can also be used for special inspections after an accident or natural disaster. TGMS is a vital technology for maintaining safe and efficient railway operations.
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on various industries, including the railway industry, and consequently, the track geometry measurement system.
Due to the pandemic, many railway companies have had to reduce or suspend their operations, leading to a decrease in train traffic. As a result, there may be fewer opportunities to perform track geometry measurements, which are typically carried out during regular train service. This reduction in measurements can lead to a decrease in the accuracy of the track geometry data, which can impact the safety and efficiency of railway operations.
Additionally, many track geometry measurement systems rely on technicians or engineers to perform the measurements. The pandemic has made it difficult for these individuals to travel to various locations to perform their duties due to travel restrictions and quarantine requirements. This can cause delays in measuring the track geometry, which can affect the maintenance and repair schedules.
On the other hand, some railway companies have accelerated the adoption of new technologies such as remote monitoring and automated track geometry measurement systems. These technologies allow for continuous monitoring of the track conditions, which can help identify potential issues before they become serious problems. This trend is likely to continue as railway companies look for ways to maintain their operations while minimizing the risk of exposure to COVID-19.
In summary, the COVID-19 pandemic has had a mixed impact on the track geometry measurement system. While it has caused disruptions and delays in some cases, it has also accelerated the adoption of new technologies that may improve the accuracy and efficiency of track geometry measurement in the long term.
Market Dynamics:
Drivers:
Safety: One of the most important driving factors for track geometry measurement systems is safety. Accurate and timely measurement of track geometry parameters such as gauge, alignment, and cross-level can help identify potential safety hazards, such as uneven rails, misalignments, and worn-out tracks, and help prevent accidents.
Regulatory compliance: Railway operators are required to comply with strict regulations and standards regarding track geometry parameters. A track geometry measurement system helps ensure compliance with these regulations by providing accurate and reliable data on track conditions.
Maintenance: Regular maintenance is essential to ensure the safe and efficient operation of railway tracks. A track geometry measurement system helps identify areas that require maintenance, such as worn-out rails, misaligned tracks, or uneven ballasts, allowing maintenance teams to prioritize and plan their work effectively.
Cost savings: The implementation of a track geometry measurement system can result in significant cost savings for railway operators. By identifying areas that require maintenance or repair, the system can help reduce the frequency and severity of track failures, leading to reduced downtime and repair costs.
Operational efficiency: Accurate and timely measurement of track geometry parameters can help improve operational efficiency by reducing train delays, increasing speeds, and improving ride quality. This can result in increased customer satisfaction and improved profitability for railway operators.
In summary, safety, regulatory compliance, maintenance, cost savings, and operational efficiency are the main driving factors of the track geometry measurement system.
Restraints:
Cost: The cost of implementing a track geometry measurement system can be significant, especially for smaller or regional railway operators. This can make it difficult for some operators to justify the investment, especially if they have limited budgets or other financial constraints.
Technology limitations: The accuracy and reliability of track geometry measurement systems depend on the quality of the technology and equipment used. Some older systems may not be as accurate or reliable as newer technologies, leading to inaccurate data or false readings.
Data management and analysis: Collecting and analyzing large amounts of track geometry data can be challenging, especially if the operator does not have the necessary data management and analysis capabilities. The data must be properly processed and analyzed to identify trends and patterns and make informed decisions about maintenance and repair.
Environmental factors: The track geometry measurement system can be affected by environmental factors such as extreme temperatures, heavy rain, or snow. These factors can affect the accuracy and reliability of the system and lead to false readings or inaccurate data.
Regional Analysis:
The Track Geometry Measurement System (TGMS) is used to monitor the condition of railway tracks, and to detect any defects that may cause safety issues or affect train performance. A regional analysis of TGMS can provide insights into how this technology is being used and the benefits it provides in different parts of the world.
Europe: In Europe, TGMS is widely used to monitor railway tracks and ensure that they are in good condition. The European Union has established regulations that require railway companies to implement TGMS on their tracks. This has led to the development of advanced technologies such as laser-based measurement systems, which can detect small irregularities in the track geometry. In addition, Europe has been at the forefront of developing standards for track maintenance and has invested heavily in research and development to improve the performance of railway tracks.
North America: In North America, TGMS is also widely used to monitor railway tracks, but the technology is not as advanced as in Europe. The primary focus is on ensuring that the tracks are safe and that there are no major defects that could cause accidents. However, there is a growing interest in using TGMS to improve train performance and reduce maintenance costs. For example, some rail companies are using TGMS data to optimize the speed and routing of trains based on track conditions.
Asia: In Asia, TGMS is becoming more widely used as countries invest in their railway infrastructure. In countries like China, Japan, and South Korea, high-speed rail networks are being developed, and TGMS is a critical component of ensuring their safety and reliability. However, there are also challenges associated with implementing TGMS in Asia, such as the need to adapt the technology to different track conditions and environmental factors.
Overall, TGMS is an important technology for ensuring the safety and reliability of railway tracks. Its widespread use in Europe and North America has led to significant improvements in track maintenance and safety, and its growing use in Asia is likely to have a similar impact in the coming years.
Competitive Landscape:
The global Track Geometry Measurement System market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.
Some of the key players operating in the market are:
· Balfour Beatty PLC
· Bentley Systems, Inc.
· Egis Group
· ENSCO
· ESIM
· Fugro N.V.
· MERMEC S.P.A
· Plasser & Theurer
· Siemens AG
· Trimble
· Others
Segments
By Component
· Hardware
· Software
· Services
By Operation
· Contact
· Contactless
o Inertial Based
o Chord Based
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Track Geometry Measurement System market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Track Geometry Measurement System would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Track Geometry Measurement System Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Track Geometry Measurement System Revenue
1.4 Market Analysis by Type
1.4.1 Global Track Geometry Measurement System Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 No Contact
1.4.3 Contact
1.5 Market by Application
1.5.1 Global Track Geometry Measurement System Market Share by Application: 2023-2032
1.5.2 High-Speed Railways
1.5.3 Mass Transit Railways
1.5.4 Heavy Haul Railways
1.5.5 Light Railways
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Track Geometry Measurement System Market
1.8.1 Global Track Geometry Measurement System Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Track Geometry Measurement System Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Track Geometry Measurement System Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Track Geometry Measurement System Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Track Geometry Measurement System Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Track Geometry Measurement System Sales Volume Market Share by Region (2017-2022)
3.2 Global Track Geometry Measurement System Sales Revenue Market Share by Region (2017-2022)
3.3 North America Track Geometry Measurement System Sales Volume
3.3.1 North America Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.3.2 North America Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Track Geometry Measurement System Sales Volume
3.4.1 East Asia Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Track Geometry Measurement System Sales Volume (2017-2022)
3.5.1 Europe Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Track Geometry Measurement System Sales Volume (2017-2022)
3.6.1 South Asia Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Track Geometry Measurement System Sales Volume (2017-2022)
3.7.1 Southeast Asia Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Track Geometry Measurement System Sales Volume (2017-2022)
3.8.1 Middle East Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Track Geometry Measurement System Sales Volume (2017-2022)
3.9.1 Africa Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Track Geometry Measurement System Sales Volume (2017-2022)
3.10.1 Oceania Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Track Geometry Measurement System Sales Volume (2017-2022)
3.11.1 South America Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.11.2 South America Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Track Geometry Measurement System Sales Volume (2017-2022)
3.12.1 Rest of the World Track Geometry Measurement System Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Track Geometry Measurement System Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Track Geometry Measurement System Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Track Geometry Measurement System Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Track Geometry Measurement System Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Track Geometry Measurement System Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Track Geometry Measurement System Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Track Geometry Measurement System Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Track Geometry Measurement System Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Track Geometry Measurement System Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Track Geometry Measurement System Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Track Geometry Measurement System Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Track Geometry Measurement System Sales Volume Market Share by Type (2017-2022)
14.2 Global Track Geometry Measurement System Sales Revenue Market Share by Type (2017-2022)
14.3 Global Track Geometry Measurement System Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Track Geometry Measurement System Consumption Volume by Application (2017-2022)
15.2 Global Track Geometry Measurement System Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Track Geometry Measurement System Business
16.1 Ensco
16.1.1 Ensco Company Profile
16.1.2 Ensco Track Geometry Measurement System Product Specification
16.1.3 Ensco Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Fugro
16.2.1 Fugro Company Profile
16.2.2 Fugro Track Geometry Measurement System Product Specification
16.2.3 Fugro Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Mer Mec
16.3.1 Mer Mec Company Profile
16.3.2 Mer Mec Track Geometry Measurement System Product Specification
16.3.3 Mer Mec Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Balfour Beatty
16.4.1 Balfour Beatty Company Profile
16.4.2 Balfour Beatty Track Geometry Measurement System Product Specification
16.4.3 Balfour Beatty Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Plasser & Theurer
16.5.1 Plasser & Theurer Company Profile
16.5.2 Plasser & Theurer Track Geometry Measurement System Product Specification
16.5.3 Plasser & Theurer Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Egi
16.6.1 Egi Company Profile
16.6.2 Egi Track Geometry Measurement System Product Specification
16.6.3 Egi Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Mrx
16.7.1 Mrx Company Profile
16.7.2 Mrx Track Geometry Measurement System Product Specification
16.7.3 Mrx Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Bance
16.8.1 Bance Company Profile
16.8.2 Bance Track Geometry Measurement System Product Specification
16.8.3 Bance Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Bentley
16.9.1 Bentley Company Profile
16.9.2 Bentley Track Geometry Measurement System Product Specification
16.9.3 Bentley Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Goldschmidt
16.10.1 Goldschmidt Company Profile
16.10.2 Goldschmidt Track Geometry Measurement System Product Specification
16.10.3 Goldschmidt Track Geometry Measurement System Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Track Geometry Measurement System Manufacturing Cost Analysis
17.1 Track Geometry Measurement System Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Track Geometry Measurement System
17.4 Track Geometry Measurement System Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Track Geometry Measurement System Distributors List
18.3 Track Geometry Measurement System Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Track Geometry Measurement System (2023-2032)
20.2 Global Forecasted Revenue of Track Geometry Measurement System (2023-2032)
20.3 Global Forecasted Price of Track Geometry Measurement System (2017-2032)
20.4 Global Forecasted Production of Track Geometry Measurement System by Region (2023-2032)
20.4.1 North America Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.3 Europe Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.7 Africa Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.9 South America Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Track Geometry Measurement System Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Track Geometry Measurement System by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Track Geometry Measurement System by Country
21.2 East Asia Market Forecasted Consumption of Track Geometry Measurement System by Country
21.3 Europe Market Forecasted Consumption of Track Geometry Measurement System by Countriy
21.4 South Asia Forecasted Consumption of Track Geometry Measurement System by Country
21.5 Southeast Asia Forecasted Consumption of Track Geometry Measurement System by Country
21.6 Middle East Forecasted Consumption of Track Geometry Measurement System by Country
21.7 Africa Forecasted Consumption of Track Geometry Measurement System by Country
21.8 Oceania Forecasted Consumption of Track Geometry Measurement System by Country
21.9 South America Forecasted Consumption of Track Geometry Measurement System by Country
21.10 Rest of the world Forecasted Consumption of Track Geometry Measurement System by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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