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Track Laying Equipment Market Share

Report ID: GMI12434
Published Date: Nov 2024
Report Format: PDF

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Track Laying Equipment Company Market Share

Plasser & Theurer and Harsco Rail hold a market share of over 10% in the track laying equipment industry. Plasser & Theurer focuses on continuous innovation, creating advanced and automated track-laying equipment. The company invest in R&D to improve the precision, speed, and safety of their machines, meeting the industry's needs for high-speed rail and urban transit systems. The company also prioritizes sustainable solutions to reduce environmental impact. This strategy helps them comply with increasing global regulations on carbon emissions and hold a strong position in the track laying equipment market.

Harsco Rail is expanding into emerging markets, particularly in Asia-Pacific, South America, and the Middle East, where rail infrastructure is growing. These regions offer significant growth opportunities with large-scale rail projects, including high-speed rail systems and modernization efforts. By increasing their presence in these areas, the aims to capture a larger share of the global market.

Track Laying Equipment Market Companies

Major players operating in the track laying equipment industry include:

BEML India
Effiage Infra
Geismar
Harsco Rail (Enviri)
Matisa
Plasser & Theurer
Salfec
Spenco
Vossloh
Weihua Group

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of track laying equipment reached USD 626.12 million in 2024 and is set to grow at a 5.1% CAGR from 2025 to 2034, driven by the need to upgrade aging rail systems to meet modern safety and efficiency standards.

The public rail systems segment held around 51% of the market share in 2024, led by government initiatives to improve urban mobility, reduce road congestion, and meet sustainability goals.

The Asia Pacific market accounted for 40% of the revenue share in 2024, propelled by rapid urbanization and significant investments in metro and high-speed rail projects in countries like China and India.

The key players in the industry include BEML India, Effiage Infra, Geismar, Harsco Rail (Enviri), Matisa, Plasser & Theurer, Salfec, Spenco, Vossloh, and Weihua Group.