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Rail Gearbox Market Share

Report ID: GMI9717
Published Date: Jun 2024
Report Format: PDF

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Rail Gearbox Market Share

ZF AG and Voith Group in 2023 held significant market share of over 30% in rail gearbox industry. ZF AG and Voith Group maintain competitiveness through innovative product development and strategic partnerships. ZF AG focuses on advanced automotive technologies, including transmissions and driveline solutions, catering to diverse market segments globally.

Meanwhile, Voith Group specializes in providing solutions for various industries, such as power transmission systems and industrial services. Both companies prioritize research and development to meet evolving customer demands, while strategic collaborations enable them to expand their market reach and offer comprehensive solutions in their respective fields.

Rail Gearbox Market Companies

Major companies operating in the rail gearbox industry are:

BYD Company Limited
MAN Truck & Bus
Mercedes-Benz (Daimler AG)
New Flyer Industries Inc.
Nova Bus (Volvo Group)
Proterra Inc.
Traton
Temsa Global Sanayi Ve Ticaret A.?.
Volvo Group
Yutong Group
Zhongtong Bus Holding Co., Ltd.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of rail gearbox reached USD 3.7 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, led by growing need for supporting product launches and innovations from leading companies in the industry.

The helical rail gearbox industry held over 40% share in 2023, owing to its efficiency and ability to handle high loads with minimal noise and vibration.

Asia Pacific market recorded over 30% share in 2023, due to an extensive and well-established rail networks require constant maintenance and upgrades.

Nova Bus (Volvo Group), Proterra Inc, Traton, Temsa Global Sanayi Ve Ticaret A.?, Volvo Group, Yutong Group, and Zhongtong Bus Holding Co., Ltd. among others.