Track Geometry Measurement System Market Research Report – Global Forecast till 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) — Global Forecast till 2027

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

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market synopsis


Global 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



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.

TABLE OF CONTENTS

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Track Geometry Measurement System Market, By Operation Type

1.3 Global Track Geometry Measurement System Market, By Measurement Type

1.4 Global Track Geometry Measurement System Market, By Component

1.5 Global Track Geometry Measurement System Market, By Railway Type

1.6 Global Track Geometry Measurement System Market, By Region

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 Key Buying Criteria

2.5 Macro Factor Indicator Analysis

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Technological Trends

5.7 Regulatory Landscape / Standards

6 Market Factor Analysis

6.1 Supply/Value Chain Analysis

6.1.1 R&D

6.1.2 Manufacturing

6.1.3 Distribution & Sales

6.1.4 Post-Sales Monitoring

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7 Global Track Geometry Measurement System Market, By Operation Type

7.1 Overview

7.2 Contact

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.3 Contactless

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8 Global Track Geometry Measurement System Market, By Measurement Type

8.1 Overview

8.2 Gauge

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.3 Vertical Profile

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.4 Curvature

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.5 Alignment

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.6 Twist

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.7 Cant and Cant Deficiency

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.8 Dynamic Cross-Level

8.8.1 Market Estimates & Forecast, 2020–2027

8.8.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020–2027

8.9.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9 Global Track Geometry Measurement System Market, By Component

9.1 Overview

9.2 Software

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.3 Lighting Equipment

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.4 Navigation Equipment

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.5 Communication Equipment

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.6 Power Supply Equipment

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.7 Sensor

9.7.1 Market Estimates & Forecast, 2020–2027

9.7.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.8 Camera

9.8.1 Market Estimates & Forecast, 2020–2027

9.8.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.9 Data Storage & Desktop

9.9.1 Market Estimates & Forecast, 2020–2027

9.9.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10 Track Geometry Measurement System Market, By Region

10.1 Overview

10.2 North America

10.2.1 Market Estimates & Forecast, By Country, 2020–2027

10.2.2 Market Estimates & Forecast, By Operation Type, 2020–2027

10.2.3 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.2.4 Market Estimates & Forecast, By Component, 2020–2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.2.5.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.2.5.3 Market Estimates & Forecast, By Component, 2020–2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.2.6.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.2.6.3 Market Estimates & Forecast, By Component, 2020–2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.2.7.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.2.7.3 Market Estimates & Forecast, By Component, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, By Country, 2020–2027

10.3.2 Market Estimates & Forecast, By Operation Type, 2020–2027

10.3.3 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.3.4 Market Estimates & Forecast, By Component, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.3.5.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.3.5.3 Market Estimates & Forecast, By Component, 2020–2027

10.3.6 UK

10.3.6.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.3.6.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.3.6.3 Market Estimates & Forecast, By Component, 2020–2027

10.3.7 France

10.3.7.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.3.7.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.3.7.3 Market Estimates & Forecast, By Component, 2020–2027

10.3.8 Rest of Europe

10.3.8.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.3.8.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.3.8.3 Market Estimates & Forecast, By Component, 2020–2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, By Country, 2020–2027

10.4.2 Market Estimates & Forecast, By Operation Type, 2020–2027

10.4.3 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.4.4 Market Estimates & Forecast, By Component, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.4.5.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.4.5.3 Market Estimates & Forecast, By Component, 2020–2027

10.4.6 Japan

10.4.6.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.4.6.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.4.6.3 Market Estimates & Forecast, By Component, 2020–2027

10.4.7 India

10.4.7.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.4.7.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.4.7.3 Market Estimates & Forecast, By Component, 2020–2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.4.8.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.4.8.3 Market Estimates & Forecast, By Component, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, By Country, 2020–2027

10.5.2 Market Estimates & Forecast, By Operation Type, 2020–2027

10.5.3 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.5.4 Market Estimates & Forecast, By Component, 2020–2027

10.5.5 Middle East and Africa

10.5.5.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.5.5.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.5.5.3 Market Estimates & Forecast, By Component, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, By Operation Type, 2020–2027

10.5.6.2 Market Estimates & Forecast, By Measurement Type, 2020–2027

10.5.6.3 Market Estimates & Forecast, By Component, 2020–2027

11 Competitive Landscape

11.1 Competitive Overview

11.2 Competitor Dashboard

11.3 Major Growth Strategy in the Global Track Geometry Measurement System Market

11.4 Competitive Benchmarking

11.5 Key Developments & Growth Strategies

11.5.1 New Product Launch/Service Deployment

11.5.2 Merger & Acquisition

11.5.3 Joint Ventures

12 Company Profiles

12.1 Balfour Beatty PLC

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Product Offerings

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategy

12.2 Ensco PLC

12.2.1 Company Overview

12.2.2 Financial Overview

12.2.3 Product Offerings

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 Fugro N.V.

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Product Offerings

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 Plasser & Theurer

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Product Offerings

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategy

12.5 R. Bance & Co.

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Product Offerings

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategy

12.6 MERMEC S.p.A

12.6.1 Company Overview

12.6.2 Financial Overview

12.6.3 Product Offerings

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 Goldschmidt Thermit Group

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Product Offerings

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 Egis Group

12.8.1 Company Overview

12.8.2 Financial Overview

12.8.3 Product Offerings

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategy

12.9 Siemens AG

12.9.1 Company Overview

12.9.2 Financial Overview

12.9.3 Product Offerings

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategy

12.10 Bentley Systems, Inc.

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Product Offerings

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategy

13 Conclusion

** Note: Details on Financial Overview, SWOT Analysis, Key Strategy Might Not Be Captured in Case of Unlisted Companies


LIST OF TABLES

Table 1 Global Track Geometry Measurement System Market, by Region, 2020–2027

Table 2 North America: Track Geometry Measurement System Market, by Country, 2020–2027

Table 3 Europe: Track Geometry Measurement System Market, by Country, 2020–2027

Table 4 Asia-Pacific: Track Geometry Measurement System Market, by Country, 2020–2027

Table 5 Middle East & Africa: Track Geometry Measurement System Market, by Country, 2020–2027

Table 6 Latin America: Track Geometry Measurement System Market, by Country, 2020–2027

Table 7 Global Track Geometry Measurement System Type Market, by Region, 2020–2027

Table 8 North America: Track Geometry Measurement System Type Market, by Country, 2020–2027

Table 9 Europe: Track Geometry Measurement System Type Market, by Country, 2020–2027

Table10 Asia-Pacific: Track Geometry Measurement System Type Market, by Country, 2020–2027

Table11 Middle East & Africa: Track Geometry Measurement System Type Market, by Country, 2020–2027

Table12 Latin America: Track Geometry Measurement System Type Market, by Country, 2020–2027

Table13 Global Track Geometry Measurement System Railway Type Market, by Region, 2020–2027

Table14 North America: Track Geometry Measurement System Railway Type Market, by Country, 2020–2027

Table15 Europe: Track Geometry Measurement System Railway Type Market, by Country, 2020–2027

Table16 Asia-Pacific: Track Geometry Measurement System Railway Type Market, by Country, 2020–2027

Table17 Middle East & Africa: Track Geometry Measurement System Railway Type Market, by Country, 2020–2027

Table18 Latin America: Track Geometry Measurement System Railway Type Market, by Country, 2020–2027

Table19 North America: Track Geometry Measurement System Market, by Country

Table20 North America: Track Geometry Measurement System Market, by Component

Table21 Europe: Track Geometry Measurement System Market, by Country

Table22 Europe: Track Geometry Measurement System Market, by Component

Table23 Asia-Pacific: Track Geometry Measurement System Market, by Country

Table24 Asia-Pacific: Track Geometry Measurement System Market, by Component

Table25 Middle East & Africa: Track Geometry Measurement System Market, by Country

Table26 Middle East & Africa: Track Geometry Measurement System Market, by Component

Table27 Latin America: Track Geometry Measurement System Market, by Country

Table28 Latin America: Track Geometry Measurement System Market, by Component


LIST OF FIGURES

FIGURE 1 Global Track Geometry Measurement System Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Track Geometry Measurement System Market

FIGURE 4 Value Chain of Global Track Geometry Measurement System Market

FIGURE 5 Share of Global Track Geometry Measurement System Market in 2020, by Country (in %)

FIGURE 6 Global Track Geometry Measurement System Market, 2020–2027

FIGURE 7 Global Track Geometry Measurement System Market Size, by Component, 2020

FIGURE 8 Share of Global Track Geometry Measurement System Market, by Component, 2020 to 2027

FIGURE 9 Track Geometry Measurement System Market Size, by Region, 2020

FIGURE 10 Share of Track Geometry Measurement System Market, by Region, 2020 to 2027