COVID-19 Impact Analysis on Track Geometry Measurement System Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2030. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the track geometry measurement system market include Balfour Beatty PLC, Bentley Systems, Inc., Egis Group, ENSCO, ESIM, Fugro N.V., MERMEC S.P.A, Plasser & Theurer, Siemens AG, Trimble. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The need for safe and efficient rail transportation is increasing, especially in densely populated regions and urban areas. This demand is driving the need for advanced technologies like TGMS to ensure the safe and reliable operation of rail networks. Railway operators are increasingly adopting predictive maintenance practices to reduce downtime and maintenance costs. TGMS plays a crucial role in predictive maintenance by providing real-time data on track conditions and identifying potential issues before they become critical. Many governments are investing in upgrading and modernizing their rail infrastructure to meet the demands of growing urbanization and reduce carbon emissions. This includes investing in advanced technologies like TGMS to improve not only the safety, reliability, and efficiency of rail networks. The development of advanced sensors and measurement devices is making TGMS more accurate and reliable than ever before. This is driving the adoption of TGMS by railway operators, who are seeking to leverage the benefits of these advancements to optimize their maintenance practices and improve overall rail network performance. The growing awareness of the importance of rail safety is driving the demand for advanced technologies like TGMS. As the number of passengers and freight transported by rail continues to increase, the need for advanced safety measures like TGMS becomes more critical.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of track geometry measurement system. The growth and trends of track geometry measurement system industry provide a holistic approach to this study.
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Market Segmentation
This section of the track geometry measurement system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware
- Software
- Services
By Railway Type
- Heavy Haul Railways
- High-Speed Railways
- Light Railways
- Mass Transit Railways
By Operation
- Contact
- Contactless (Inertial Based, Chord Based)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Track Geometry Measurement System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The track geometry measurement system market (TGMS) is expected to be valued at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a CAGR of 6.00% during the forecast period.
Moreover, the high popularity of no contact track geometry measurement system is another factor expected to considerably boost the growth of the TGMS market in the coming years.
Request Free Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=31376329 By operation type, no contact segment to account for largest market share during forecast period The track geometry measurement system market, by operation type, is segmented into no contact and contact based track geometry measurement systems.
The major benefit of this operation type is that it is suitable for high and low speed.
Also, it ensures high accuracy with the help of advanced technologies such as imaging technologies and optical laser sensors.
Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31376329 Key Market PlayersKey players in the track geometry measurement system market include ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), Plasser & Theurer (Austria), Siemens (Germany), R. Bance & Co. (UK), Bentley Systems (US), Goldschmidt Thermit Group (Germany), and Egis (France).
Track geometry measurement system (TGMS) market is the technological accumulation of components, software solution and other service models.
These systems involve the combination of various sensors, and other hardware components installed on different types of rail vehicles to collect data regarding the rail tracks and infrastructural assets to identify and analyse the requirement of maintenance and repair of these infrastructure.Track geometry measurement system (TGMS) market is expected to rise to an estimated value of USD 4.04 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to the rapid rise of smart technologies being deployed in the railway industry vertical.Track Geometry Measurement System (TGMS) Market report also reviews top market players, major collaborations, mergers and acquisitions along with trending innovation and business policies.
This is a professional and in depth market report which underlines primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis.
A competitor analysis study is a fundamental aspect of any market research report which considers the strong and weak points of the competitors and also analyses their strategies with respect to product and market.
Track Geometry Measurement System (TGMS) Market research report lends a hand to business with intelligent decision making and better manages marketing of goods which results into growth in the business.
According to the new market research report "Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, and Vertical Profile), Operation Type (No Contact and Contact), Railway Type (High Speed, Mass Transit, Heavy Haul, and Light), Component, and Geography - Global Forecast to 2024", the TGMS market is expected to be worth USD 2.8 billion in 2019 and reach USD 3.7 billion by 2024, at a CAGR of 6.00% from 2019 to 2024.
The growth of this market can be attributed to the high demand for track geometry measurement systems from high-speed railways, especially from APAC and Europe.By measurement type, the gauge segment leads the TGMS market.
Gauge is the spacing or distance between the inner sides of the heads of the 2 load bearing rails on a railway track.
It is among the key parameters of track geometry measurement.
The wheelsets of the rails should be compatible with the track gauge, else it could result in fatal accidents due to derailment.
Request PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=31376329 The TGMS market for high-speed railways is expected to witness the highest growth during the forecast period.
