Track Geometry Measurement System Market Research Report – Forecast 2027

Track Geometry Measurement System Market Research Report, by Operation Type (Contact, Contactless), Measurement Type (Gauge, Twist, Cant and Cant Deficiency, Vertical Profile, Curvature, Alignment, Dynamic Cross-Level, Others), Component (Software, Lighting Equipment, Navigation Equipment, Communication Equipment, Power Supply Equipment, Sensor, Camera, Data Storage & Desktop) — Forecast till 2027

ID: MRFR/SEM/6048-HCR | February 2021 | Region: Global | 100 pages

Track Geometry Measurement System Market synopsis


Track Geometry Measurement System Market  is expected to grow from USD 2.51 billion in 2017 to USD 3.62 billion by 2023, at a CAGR of 6.53% during the forecast period.


The track geometry measurement system market is expected to grow substantially during the forecast period owing to stringent standards and regulations with regards to railway tracks and growing popularity of contactless track geometry measurement system.


By operation type, the market is segmented into contact and contactless The contactless market segment is expected to dominate the market during the forecast period owing advancement in technologies such as imaging technologies and optical laser sensors that positively impact the contactless operation type track geometry measurement systems. The contactless operation type include inertial and chord based systems.


By measurement type, the market is segmented into gauge, twist, cant and cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, others. The vertical profile segment is expected to register the highest CAGR during the forecast period. Vertical profile is the track layout on the vertical plane that consists of average height of left and right rails, which is calculated from the mid-point of the rail. The gauge segment is extimated to dominate the market during the forecast period. Gauge refers to the distance between the inner sides of the two load bearing rails on high/low-speed railway track. Track geometry measurement system are majorly used to for maintainence of wheelsets of the rails.


By component, the market is segmented into Software, Lighting Equipment, Navigation Equipment, Communication Equipment, Power Supply Equipment, Sensor, Camera, and Data Storage & Desktop. The power supply equipment segment is expected to lead the market during the forecast period.


The key players profiled in the track geometry measurement system market research report are Balfour Beatty PLC(UK), Ensco PLC (UK), Fugro N.V. (Netherlands), Plasser & Theurer (Austria), R. Bance & Co. (UK), MERMEC S.p.A (Italy), Goldschmidt Thermit Group (Germany), Egis Group (France), Siemens AG (Germany), and Bentley Systems, Inc. (US).


The major players constantly focuses on growth strategies such as strategic partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. For instance, in 2017, Bentley Systems (US) launched an OpenRail solution, that includes applications and services required for comprehensive planning, engineering, project delivery, and operations of railways.


Track geometry measurement system Market


Track geometry measurement system Market


Source: MRFR Analysis


Segmentation


Track geometry measurement system market is segmented based on operation type, measurement type, component, and region.


By operation type, the market is segregated into contact and contactless.


On the basis of measurement type, the market is segmented gauge, twist, cant and cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, others.


On the basis of component, the market is segmented software, lighting equipment, navigation equipment, communication equipment, power supply equipment, sensor, camera, and data storage & desktop.


By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.


Regional analysis


The global market for track geometry measurement system market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of track geometry measurement system market is done for North America, Europe, Asia-Pacific, and the rest of the world. 


Asia-Pacific is expected to dominate the track geometry measurement system market from 2018 to 2023 owing to the continuous growth in railways infrastructure including high-speed rails and mass transit system across various countries including China and India that boost the demand for track geometry measurement system equipment in the region.


Europe is the second largest market in the region. The presence of significant number of market players in the region promote the early adoption of technological advances in the track geometry measurement system market.


Competitive Analysis


The track geometry measurement system market has witnessed the rising demand across the globe owing to rise in number of high speed railway lines projects. Key players to further strenghten their market position have opted for partnerships and new product launches as their key organic growth strategy. In 2018, Plasser & Theurer showcased their cloud-based track geometry measurement solution EM100VT at InnoTrans 2018. The machine is company’s first cloud-based absolute track geometry measuring solution.


Key players


The prominent players in the track geometry measurement system market are Balfour Beatty PLC(UK), Ensco PLC (UK), Fugro N.V. (Netherlands), Plasser & Theurer (Austria), R. Bance & Co. (UK), MERMEC S.p.A (Italy), Goldschmidt Thermit Group (Germany), Egis Group (France), Siemens AG (Germany), Bentley Systems, Inc. (US), Deutzer Technische Kohle GmbH (Germany), KZV, Spol. Sro (Czech Republic), Vista Instrumentation LLC (US), ZG Optique SA (Switzerland), Harsco Corporation (US), Trimble Inc. (US), Amberg Technologies AG (Switzerland), Rail Vision Europe (UK), and Holland LP (US).


Intended Audience



  • Raw material and component providers

  • OES systems rental providers

  • Research organizations

  • Original equipment manufacturers (OEMs)

  • Technology standards organizations, forums, alliances, and associations

  • Technology investors

  • Third-party testing, inspection and certification (TIC) providers; and in-house quality control departments of various industries

  • Analysts and strategic business planners

  • Government bodies, venture capitalists, and private equity firms

  • End users who want to know more about OES and the latest trends in the OES market



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3.62 Billion
  CAGR   6.53%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Operation Type, Measurement Type, Component
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Balfour Beatty PLC(UK), Ensco PLC (UK), Fugro N.V. (Netherlands), Plasser & Theurer (Austria), R. Bance & Co. (UK), MERMEC S.p.A (Italy), Goldschmidt Thermit Group (Germany), Egis Group (France), Siemens AG (Germany), Bentley Systems, Inc. (US), Deutzer Technische Kohle GmbH (Germany), KZV, Spol. Sro (Czech Republic), Vista Instrumentation LLC (US), ZG Optique SA (Switzerland), Harsco Corporation (US), Trimble Inc. (US), Amberg Technologies AG (Switzerland), Rail Vision Europe (UK), and Holland LP (US)
  Key Market Opportunities   Continuous growth in railways infrastructure including high-speed rails and mass transit system across various countries.
  Key Market Drivers

  • Stringent standards and regulations with regards to railway tracks.
  • Growing popularity of contactless track geometry measurement.


  • Frequently Asked Questions (FAQ) :


    The market’s futuristic valuation will be USD 4.35 billion by 2023,

    The key drivers of the market are mentioned as advancement of wireless technology in equipment monitoring solutions, rising adoption of IoT based cost-effective equipment monitoring systems.

    General Electric Company (US), Emerson Electric Co. (US), Schneider Electric SE (France), Honeywell International Inc. (US) are the key players who are constantly influencing the market’s growth.

    The major key players are constantly creating strategies such as strategic partnerships, mergers, acquisitions, and product launch to enhance their product offerings and the market reach overseas.

    North America, Europe, Asia-Pacific, and the rest of the world.