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The Global Rail Wheel Market is expected to reach $6,147.99 million by 2027 growing at a CAGR of 7.2% during 2020 to 2027. A train wheel or rail wheel is a type of wheel specially designed for use on railway tracks. The wheel acts as a rolling component, typically pushed onto an axle and mounted directly on a railway carriage or locomotive, or indirectly on a bogie, also called a truck. The powered wheels under the locomotive are called driving wheels. Wheels are initially cast or forged and then heat-treated to have a specific hardness. New wheels are machined using a lathe to a standardized shape, called a profile, before being installed onto an axle. All wheel profiles are regularly checked to ensure proper interaction between the wheel and the rail. Incorrectly profiled wheels and worn wheels can increase rolling resistance, reduce energy efficiency and may even cause a derailment. Factors such as the digitalization of trains, rapid growth in population and increasing traffic congestion on roads are driving the growth of the market. However, the lack of government spending on rail projects is restraining the growth of the market. Based on application type, original equipment manufacturer (OEM) segment is going to have a lucrative growth during the forecast period which can be attributed to its increasing demand as highly efficient and more durable railway components. Moreover, the stringent rules and regulations of governments towards the safety of passengers and precautions for avoiding collisions are forcing OEM companies to work on rail axles and wheels to abide by governmental norms. The key vendors mentioned are Nippon Steel & Sumitomo Metal Corporation, Amsted Rail, Bochumer Verein Verkehrstechnik (BVV), Comsteel, Taiyuan Heavy Industry, Durgapur Steel Plant, Xinyang Tonghe wheels, GHH-Bonatrans, Interpipe, Semco, Lucchini RS, Masteel UK Limited, Rail Wheel Factory, Kolowag, and CRRC Datong Co. Ltd. Rail Types Covered: • Freight Wagons • High Speed • Locos • Passenger Wagons Product Types Covered: • Rolled Rail Wheel • Forged Rail Wheel Types Covered: • Tangless Thread Inserts • Tanged Thread Inserts Materials Covered: • Alloy • Steel • Aluminium Application Types Covered: • Original Equipment Manufacturer (OEM) • Aftermarket End Users Covered: • Mixed Freight Trains • Intermodal Trains • Unit Trains Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rail Wheel Market, By Rail Type
5.1 Introduction
5.2 Freight Wagons
5.3 High Speed
5.4 Locos
5.5 Passenger Wagons
6 Global Rail Wheel Market, By Product Type
6.1 Introduction
6.2 Rolled Rail Wheel
6.3 Forged Rail Wheel
7 Global Rail Wheel Market, By Type
7.1 Introduction
7.2 Tangless Thread Inserts
7.3 Tanged Thread Inserts
8 Global Rail Wheel Market, By Material
8.1 Introduction
8.2 Alloy
8.3 Steel
8.4 Aluminium
9 Global Rail Wheel Market, By Application Type
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
10 Global Rail Wheel Market, By End User
10.1 Introduction
10.2 Mixed Freight Trains
10.3 Intermodal Trains
10.4 Unit Trains
11 Global Rail Wheel Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 Nippon Steel & Sumitomo Metal Corporation
13.2 Amsted Rail
13.3 Bochumer Verein Verkehrstechnik (BVV)
13.4 Comsteel
13.5 Taiyuan Heavy Industry
13.6 Durgapur Steel Plant
13.7 Xinyang Tonghe wheels
13.8 GHH-Bonatrans
13.9 Interpipe
13.10 Semco
13.11 Lucchini RS
13.12 Masteel UK Limited
13.13 Rail Wheel Factory
13.14 Kolowag
13.15 CRRC Datong Co. Ltd
List of Data Tables
1 Global Rail Wheel Market Outlook, By Region (2019-2027) ($MN)
2 Global Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
3 Global Rail Wheel Market Outlook, By Freight Wagons (2019-2027) ($MN)
4 Global Rail Wheel Market Outlook, By High Speed (2019-2027) ($MN)
5 Global Rail Wheel Market Outlook, By Locos (2019-2027) ($MN)
6 Global Rail Wheel Market Outlook, By Passenger Wagons (2019-2027) ($MN)
7 Global Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
8 Global Rail Wheel Market Outlook, By Rolled Rail Wheel (2019-2027) ($MN)
9 Global Rail Wheel Market Outlook, By Forged Rail Wheel (2019-2027) ($MN)
10 Global Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
11 Global Rail Wheel Market Outlook, By Tangless Thread Inserts (2019-2027) ($MN)
12 Global Rail Wheel Market Outlook, By Tanged Thread Inserts (2019-2027) ($MN)
13 Global Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
14 Global Rail Wheel Market Outlook, By Alloy (2019-2027) ($MN)
15 Global Rail Wheel Market Outlook, By Steel (2019-2027) ($MN)
16 Global Rail Wheel Market Outlook, By Aluminium (2019-2027) ($MN)
17 Global Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
18 Global Rail Wheel Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2027) ($MN)
19 Global Rail Wheel Market Outlook, By Aftermarket (2019-2027) ($MN)
20 Global Rail Wheel Market Outlook, By End User (2019-2027) ($MN)
21 Global Rail Wheel Market Outlook, By Mixed Freight Trains (2019-2027) ($MN)
22 Global Rail Wheel Market Outlook, By Intermodal Trains (2019-2027) ($MN)
23 Global Rail Wheel Market Outlook, By Unit Trains (2019-2027) ($MN)
24 North America Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
25 North America Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
26 North America Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
27 North America Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
28 North America Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
29 North America Rail Wheel Market Outlook, By End User (2019-2027) ($MN)
30 Europe Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
31 Europe Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
32 Europe Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
33 Europe Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
34 Europe Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
35 Europe Rail Wheel Market Outlook, By End User (2019-2027) ($MN)
36 Asia Pacific Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
37 Asia Pacific Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
38 Asia Pacific Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
39 Asia Pacific Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
40 Asia Pacific Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
41 Asia Pacific Rail Wheel Market Outlook, By End User (2019-2027) ($MN)
42 South America Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
43 South America Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
44 South America Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
45 South America Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
46 South America Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
47 South America Rail Wheel Market Outlook, By End User (2019-2027) ($MN)
48 Middle East & Africa Rail Wheel Market Outlook, By Rail Type (2019-2027) ($MN)
49 Middle East & Africa Rail Wheel Market Outlook, By Product Type (2019-2027) ($MN)
50 Middle East & Africa Rail Wheel Market Outlook, By Type (2019-2027) ($MN)
51 Middle East & Africa Rail Wheel Market Outlook, By Material (2019-2027) ($MN)
52 Middle East & Africa Rail Wheel Market Outlook, By Application Type (2019-2027) ($MN)
53 Middle East & Africa Rail Wheel Market Outlook, By End User (2019-2027) ($MN)