Factors such as increase in allocation of budget for development of railways, growth in demand for passenger capacity, and rise in demand for passenger comfort and experience boost the growth of the rail gangways industry. However, regulatory compliance and safety standards, and high initial investment are anticipated to hinder market growth. On the other hand, the surge in the development & testing of autonomous trains, and technological advancements provide a remarkable growth opportunity for the market players operating in the market.
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Based on product type, the two-piece gangways held the highest market share in 2022, accounting for more than three-fourths of the global rail gangways market revenue and is estimated to maintain its leadership status throughout the forecast period as Many rail operators are opting to modernize their existing rolling stock with two-piece gangways to enhance passenger transfer capabilities while optimizing costs. However, the single piece gangways segment is projected to manifest the highest CAGR of 6.7% from 2023 to 2032, owing to their seamless passenger flow and enhanced aerodynamics.
Key Market Players:
- Airflow Equipments (India) Pvt. Limited.
- ATG Autotechnik GmbH
- Dellner
- Chongqing Hengtairail Equipment Co., Ltd.
- Hubner GmbH And Co. KG
- Hutchinson
- Kasper-Elektronik GmbH
- KTK Group
- Narita MFG., Ltd.
- Victall
The report provides a detailed analysis of these key players of the global rail gangways market. These players have adopted different strategies such as partnership, product launch, expansion and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Based on train type, the passenger trains accounted for the largest share in 2022, contributing to nearly two-fifths of the global rail gangways market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the increasing need for efficient and sustainable long-distance transportation solutions. However, the metro and subway train segment are projected to manifest the highest CAGR of 6.6% from 2023 to 2032. The increasing urbanization and population density in cities around the world are driving the expansion and modernization of metro and subway systems.
The study on the global rail gangways market provides granular assessments of key growth dynamics and opportunities in the market.
Fact.MR offers data-driven insights through the rail gangways market sizing and projections of various segments—shares and size—during the forecast period.
The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe.The global rail gangways market is expected to be valued at US$ 392.8 million in 2018, expanding at a significant CAGR of 4.9% over the forecast period (2018-2028).
Further, the rail gangways market is anticipated to create incremental $ opportunity worth US$ 241.3 million throughout the assessment period.In the making of the rail gangways market study, the following are taken into:History Period: 2013-2017Base Period: 2013Estimated Year: 2028Forecast Period: 2018 – 2028Interested market participants and readers can peruse the global market rail gangways market report to get insights into and evaluation of:Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the rail gangways marketMajor research and product development projectsPromising technologies and favorable regulations in key regionsSegments that will lose or gain shares in the next few yearsValue chain of key vendors and manufacturersThe rail gangways market report provides estimations and the market sizing and prospects of various regions.
To this end, the study makes in-depth segmentation of the following key regions:North AmericaWestern EuropeLatin AmericaEastern EuropeMiddle East and AfricaChinaJapanRequest Research Methodology - https://www.factmr.com/connectus/sample?flag=RM_id=3043Development in Rail Activities to Offer Lucrative OpportunitiesDeveloping regions including China and SEA & Pacific are heavily investing to provide support in the development of rail activities which will serve as a catalysts for the overall growth of rail gangways market.
In addition, increase in rolling stock is likely to create lucrative opportunities for suppliers of rail gangways during the forecast period.Changing travelling medium along with rapid consumer inclination toward the economical public transportation systems such as trains and metros will continue to shape the future of global rail gangways market.
Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe.
The global rail gangways market is expected to be valued at US$ 392.8 million in 2018, expanding at a significant CAGR of 4.9% over the forecast period (2018-2028).
Rising investments in railway developments and upcoming metro rail projects are likely to complement future expansion of the market which has been foreseen to attain a value of US$ 634.0 million by 2028-end.
Further, the rail gangways market is anticipated to create incremental $ opportunity worth US$ 241.3 million throughout the assessment period.Development in Rail Activities to Offer Lucrative OpportunitiesDeveloping regions including China and SEA & Pacific are heavily investing to provide support in the development of rail activities which will serve as a catalysts for the overall growth of rail gangways market.
In addition, increase in rolling stock is likely to create lucrative opportunities for suppliers of rail gangways during the forecast period.
Changing travelling medium along with rapid consumer inclination toward the economical public transportation systems such as trains and metros will continue to shape the future of global rail gangways market.
