An Incisive, In-depth Analysis on the Rail Gangways Market
This study offers a comprehensive, 360 degree analysis on the Rail Gangways market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rail Gangways market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The report covers comprehensive information about rail gangways market trends, volume (units) and value (US$ Mn) projections, market dynamics, competition analysis and recent developments in the global market for the study period 2018 to 2028.
The global Rail Gangways market is expected to reach a value of US$ 634.0 Mn by the end of the forecast period while registering a CAGR of 4.9% for the period between 2018 and 2028.
Factors influencing rail gangways market growth
Railways are an integral part of the public transportation systems across the globe and will play a crucial role in the years to come owing to increasing passenger density, changing travelling mediums and growing urbanization across the globe. Therefore, sprawling railway infrastructure is projected to drive the global rail gangways market during the forecast period. Furthermore, supportive government schemes for the development of high speed train infrastructure, smart railways and inclusion of digitalization and transpportation predictive analytics in trams, metro and high speed trains are the other important factors expected to give a boost to the global rail gangways market during the forecast period.
The railway ministry is also focused on enhancing the safety of passengers and trains. Therefore, manufacturers are installing gangways doors between rail gangways to block the path of fire through the automatic sliding mechanism in case of an accident.
Two piece gangways segment is anticipated to dominate during the forecast period
Two piece gangways systems are generally used where passenger density is high, such as in Europe, North America, China and others. In Japan, India and other countries, single piece gangways are generally used. Thus, rising passenger density in respective regions or countries is expected to provide bilateral support to the global rail gangways market during the forecast period.
The value share of the two piece rail gangways segment is projected to be 3.5X the value share of single piece gangways segment over the forecast period. In terms of incremental $ opportunity, the two piece rail gangways segment is projected to create 2.7X the opportunity created by single piece rail gangways segment over the slated time period.
Sprawling high speed rail network and expanding fleet of metro trains are the two main factors supporting the growth of the global rail gangways market
These days, high speed rail transportation has become a need for the middle-class population. To cater to this demand, governments are introducing schemes for improving connectivity between cities. This is projected to ramp up the rail gangways market across the globe. Moreover, large scale investments are being made to improve the rail sector in China. These investments are expected to push the growth of the global rail gangways market over the forecast period.
By train type, passenger train segment is projected to dominate while growing at a CAGR of 4.2% during the slated time period. The special train segment, on the other hand, is expected to hold minor share. However, in terms of year-over-year growth, the special train segment is anticipated to grow at a significant growth rate during the forecast period.
Key developments in the rail gangways market
Manufacturers of Rail Gangways are focusing on enhancing rail gangway’s quality as well as ease of handling
In June 2018, Hubner GmbH & Co. KG collaborated with the University of Kassel to work together in the area of high-frequency and microwave technology. The main aim of this cooperation is to strengthen Kassel as a location for both research and business
In June 2016, Dellner Couplers AB started a joint venture with Qingdao Victall Railway Co., Ltd., to combine the company’s gangway expertise with sales and production activities of train interior, etc.
Rail gangways market structure
The global Rail Gangways market is significantly consolidated due to presence of leading players.
Tier-1 players in the global rail gangways market are projected to generate more than US$ 50 Mn in revenue through the sales of rail gangways across the globe. Tier-2 players in the global rail gangways market are expected to account for 25% to 35% share.
Some of the prominent players covered in this rail gangways market include Hubner GmbH & Co. KG, Narita Mfg. Ltd., Airflow Equipments (India) Pvt. Limited, Dellner Couplers AB, Schliess- und Sicherungssysteme GmbH, Hutchinson, Chongqing Hengtai Electromechanical Equipment Co., Ltd., ATG AUTOTECHNIK GmbH and Bellow and Bus (Pty) Ltd.
Key questions answered in the report
How has the Rail Gangways market evolved over the past four years?
What shape is the Rail Gangways market expected to take in terms of volume and value during the study period?
What are some of the prevailing market dynamics in the Rail Gangways market?
What are the competition developments and trends in the Rail Gangways market?
What are some of the underlying macro-economic and industry factors impacting the growth of the Rail Gangways market?
What are the important challenges, opportunities and improvement factors for Rail Gangways market players?
What are the important market positioning and key strategies of key manufacturers as per the Rail Gangways market taxonomy?
How is the competition structured at present? How has it evolved in the Rail Gangways market over the past few years?
Rail Gangways Market: Report Description
This FMI study offers a ten-year analysis and forecast of the global rail gangways market between 2018 and 2028. The study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2017 to 2028. Compound Average Growth Rate (CAGR) is represented from 2018 to 2028. The study covers various perspectives of the rail gangways market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global rail gangways market is projected to grow at a CAGR of 4.9% between 2018 and 2028 in terms of value. Growing railway infrastructure, expanding metro line network and reasonable cost of rail transportation are some of the factors positively impacting the uptake of rail gangways in the global market.
The Future Market Insights report on rail gangways carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters such as product type, train type and material type. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the market.
Gangways are among the critical components of rail construction. Rail gangways are the structures used for inter-vehicular connections, allowing easy passage for passengers. They facilitate uniform corridors for commuters while maintaining flexibility among railcars.
The rail gangways market report is structured to facilitate the reader to develop a thorough understanding about the market. It begins with market definitions, followed by a market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the rail gangways market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the market.
Rail Gangways Market: Segmentation
The report begins with a market introduction, defining the market taxonomy and product definitions regarding the global rail gangways market assessment. In the next section, the report describes the market development background, covering macro-economic factors, industry factors, forecast factors, global weighted average pricing analysis, value chain overview, an indicative list of stakeholders involved in each stage and an assessment of the new sales of rail gangways for the base year considered for the study.
The next section of the report discusses the rail gangways market dynamics such as drivers (supply and demand side), restraints and trends impacting the market growth at a global level. Market opportunities or potential for manufacturers have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global rail gangways market at a qualitative level based on analysis facts and insights.
Subsequent sections of the report provide value (US$ Mn) and volume (New Sales in Units) projections for the rail gangways market on the basis of the aforementioned segments at a global level. The global rail gangways market values represented in these section have been agglomerated by collecting data and information at a regional level. The rail gangways market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types covered in each segment.
The next section of the report presents a summarised view of the global rail gangways market based on the eight prominent regions considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions.
All the above sections evaluate the present rail gangways market scenario and growth prospects in the global rail gangways market, while the forecast presented in the sections assesses the market size in terms of volume and value.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global rail gangways market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various rail gangways segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.
In order to understand the key market segments in terms of the growth and installation of rail gangways across concerned regions, Future Market Insights has developed an attractiveness index, which will help providers identify real market opportunities.
In the final section of the report, a competitive landscape of the rail gangways market has been included to provide report audiences with a dashboard view categorised on the basis of providers present in the value chain, their presence in the rail gangways market and key differentiating factors and strategies. The primary category of providers covered in the report include manufacturers of rail gangways. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the rail gangways market. Examples of some of the key competitors covered in the report include Hübner Gmbh & Co. Kg, Hutchinson Paulstra, Narita Mfg., Ltd, Dellner Couplers Ab, Atg Autotechnik Gmbh and Chongqing Hengtai Electromechanical Equipment Co., Ltd.