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Track Laying Equipment Market Trends

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

Track Laying Equipment Market Trends

Automation in track laying equipment is changing construction by reducing mistakes, speeding up operations, and improving accuracy. Tools such as GPS tracking, sensors, and IoT are making railway track installation and maintenance more efficient. Large projects especially prefer semi-automated and fully automated systems.
 

Equipment manufacturers are launching innovative track repair machine to scan track profiles. For instance, in November 2024, the Austrian company System7 introduced a new railway track repair machine in Ireland. This automated, four-axle machine is designed for 1600 mm gauge tracks and can accurately scan track profiles. Using advanced lidar technology, it scans the rail path in detail and generates real-time reports on track conditions to identify damages.
 

The machine features 360-degree cameras and a diagnostic system, allowing operators to monitor the process from any angle. A notable feature enables quick brush replacement by a single worker, making it easy to remove excess ballast from the ties.
 

Furthermore, the track laying equipment market is witnessing partnership & collaboration among equipment manufacturers and rail operators to improve rail conditions. For instance, in December 2022, Harsco Rail collaborated with Saudi Arabian Railways (SAR) to enhance rail conditions across their network. SAR engaged with Harsco Rail to perform a high-quality grinding process to achieve their rail quality goals.
 

After initial consultations, Harsco Rail’s team recommended the 20-stone Transit Switch Grinder, which was specially designed for the type of tracks in Saudi Arabia. This grinder has advanced features, 130 including precision controls, automated functions and durable construction that could withstand the demands of heavy use. Additionally, it is highly effective in removing rail defects such as RCF, corrugation, lipping, etc., both in plain lines and switches.
 

The track laying equipment market depends heavily on government infrastructure spending and economic stability. When the economy is down or budgets are tight, rail projects often get delayed or reduced, lowering the demand for track laying equipment. Additionally, changes in political priorities or lack of funding for large rail projects can create uncertainty in the market, especially in regions with unstable economies.
 

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.

Track Laying Equipment Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 175
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