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The Global Railway Axle market is expected to reach $348.57 million by 2027 growing at a CAGR of 7.3% from 2020 to 2027. An axle counter is a system used in railway signaling to detect the clear or occupied status of a section of track between two points. The rail wheels and axles are the most critical components of railway engines and bogies, which are designed and manufactured in such a way that they can withstand heavy load and have a long operational life. Factors such as rising demand for fuel-efficient products coupled with increasing environmental concerns and adoption of lightweight materials for autonomous driving trains are driving the market growth. However, capital intensive rolling stock and the high cost of maintenance are restraining the market growth. Based on application type, the wagons segment is going to have a lucrative growth during the forecast period owing to the rapid urbanization, development of rail infrastructures as well as the adoption of technologically advanced features in the transportation sector especially in developing economies. The key vendors mentioned are Bharat Forge Ltd., VELTRUP Technik Philippines, United Metallurgical Company, Semco India Ltd, Nippon Steel & Sumitomo Metal Corporation, Bombardier Inc., Lucchini RS S.p.A., Kolowag AD, CRRC Corporation Limited, Bonatrans Group A.S., ArcelorMittal A.S. and CAF USA, Inc. Types Covered: • Common Axles • Driving Axles • Disc-Wheel Axles Product Types Covered: • Flange Bearing • Main Bearing • Connecting Rod Shell • Small End • Camshaft Bush Rail Axle Types Covered: • Hollow Axle • Roller Axle Market Types Covered: • Aftermarket • Original Equipment Manufacturer (OEM) Application Types Covered: • Wagons • Locomotives • High Speed Vehicle Types Covered: • Heavy Commercial Vehicle • Light Commercial Vehicle • Passenger Cars 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 Railway Axle Market, By Type
5.1 Introduction
5.2 Common Axles
5.3 Driving Axles
5.4 Disc-Wheel Axles
6 Global Railway Axle Market, By Product Type
6.1 Introduction
6.2 Flange Bearing
6.3 Main Bearing
6.4 Connecting Rod Shell
6.5 Small End
6.6 Camshaft Bush
7 Global Railway Axle Market, By Rail Axle Type
7.1 Introduction
7.2 Hollow Axle
7.3 Roller Axle
8 Global Railway Axle Market, By Market Type
8.1 Introduction
8.2 Aftermarket
8.3 Original Equipment Manufacturer (OEM)
9 Global Railway Axle Market, By Application Type
9.1 Introduction
9.2 Wagons
9.3 Locomotives
9.4 High Speed
10 Global Railway Axle Market, By Vehicle Type
10.1 Introduction
10.2 Heavy Commercial Vehicle
10.3 Light Commercial Vehicle
10.4 Passenger Cars
11 Global Railway Axle 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 Bharat Forge Ltd.
13.2 VELTRUP Technik Philippines
13.3 United Metallurgical Company
13.4 Semco India Ltd
13.5 Nippon Steel & Sumitomo Metal Corporation
13.6 Bombardier Inc.
13.7 Lucchini RS S.p.A.
13.8 Kolowag AD
13.9 CRRC Corporation Limited
13.10 Bonatrans Group A.S.
13.11 ArcelorMittal A.S.
13.12 CAF USA, Inc.
List of Data Tables
1 Global Railway Axle Market Outlook, By Region (2019-2027) ($MN)
2 Global Railway Axle Market Outlook, By Type (2019-2027) ($MN)
3 Global Railway Axle Market Outlook, By Common Axles (2019-2027) ($MN)
4 Global Railway Axle Market Outlook, By Driving Axles (2019-2027) ($MN)
5 Global Railway Axle Market Outlook, By Disc-Wheel Axles (2019-2027) ($MN)
6 Global Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
7 Global Railway Axle Market Outlook, By Flange Bearing (2019-2027) ($MN)
8 Global Railway Axle Market Outlook, By Main Bearing (2019-2027) ($MN)
9 Global Railway Axle Market Outlook, By Connecting Rod Shell (2019-2027) ($MN)
10 Global Railway Axle Market Outlook, By Small End (2019-2027) ($MN)
11 Global Railway Axle Market Outlook, By Camshaft Bush (2019-2027) ($MN)
12 Global Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
13 Global Railway Axle Market Outlook, By Hollow Axle (2019-2027) ($MN)
14 Global Railway Axle Market Outlook, By Roller Axle (2019-2027) ($MN)
15 Global Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
16 Global Railway Axle Market Outlook, By Aftermarket (2019-2027) ($MN)
17 Global Railway Axle Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2027) ($MN)
18 Global Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
19 Global Railway Axle Market Outlook, By Wagons (2019-2027) ($MN)
20 Global Railway Axle Market Outlook, By Locomotives (2019-2027) ($MN)
21 Global Railway Axle Market Outlook, By High Speed (2019-2027) ($MN)
22 Global Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)
23 Global Railway Axle Market Outlook, By Heavy Commercial Vehicle (2019-2027) ($MN)
24 Global Railway Axle Market Outlook, By Light Commercial Vehicle (2019-2027) ($MN)
25 Global Railway Axle Market Outlook, By Passenger Cars (2019-2027) ($MN)
26 North America Railway Axle Market Outlook, By Type (2019-2027) ($MN)
27 North America Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
28 North America Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
29 North America Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
30 North America Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
31 North America Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)
32 Europe Railway Axle Market Outlook, By Type (2019-2027) ($MN)
33 Europe Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
34 Europe Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
35 Europe Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
36 Europe Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
37 Europe Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)
38 Asia Pacific Railway Axle Market Outlook, By Type (2019-2027) ($MN)
39 Asia Pacific Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
40 Asia Pacific Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
41 Asia Pacific Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
42 Asia Pacific Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
43 Asia Pacific Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)
44 South America Railway Axle Market Outlook, By Type (2019-2027) ($MN)
45 South America Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
46 South America Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
47 South America Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
48 South America Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
49 South America Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)
50 Middle East & Africa Railway Axle Market Outlook, By Type (2019-2027) ($MN)
51 Middle East & Africa Railway Axle Market Outlook, By Product Type (2019-2027) ($MN)
52 Middle East & Africa Railway Axle Market Outlook, By Rail Axle Type (2019-2027) ($MN)
53 Middle East & Africa Railway Axle Market Outlook, By Market Type (2019-2027) ($MN)
54 Middle East & Africa Railway Axle Market Outlook, By Application Type (2019-2027) ($MN)
55 Middle East & Africa Railway Axle Market Outlook, By Vehicle Type (2019-2027) ($MN)