Track Geometry Measurement System Market – Technological Advancements to Play Important Role in Market Growth

Global Track Geometry Measurement System Market: Overview

The global track geometry measurement system market is projected to exhibit a positive CAGR between 2017 and 2025. The market will benefit from the increase demand for improved security in railway transport and the growling metro lines and railway networks. Besides this, the deployment of cost-effective and smart technologies in railway drive will give the global track geometry measurement system market significant impetus during the forecast period.

The report studies growth exhibited by the tract geometry measurement system market based on various parameters such as railway type, measurement type, operation type, component, and region. It covers various aspects such as growth drivers, key restraints, opportunities, and challenges that companies are likely to witness. The profiles of some of the most prominent enterprises operating in global market are included as well.

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The report is therefore compiled with the intent of presenting a comprehensive overview of the global track geometry measurement system market. It gauges the impact of Porter’s five forces on the overall market and analyzes the investment feasibility for new players. Exhaustive information included in the report is obtained from trusted industrial sources via proven research methodologies. It is aimed at helping readers gain a clearer perspective about the prevailing dynamics and trajectory of the global track geometry measurement system market.

Global Track Geometry Measurement System Market: Trends and Opportunities

The rising demand for improved safety in railway transport is the chief driver of the market. The recent incidents of train mishaps have raised concerns worldwide compelling governments to digitize the mode of transport to ensure safer journey. The demand for cost-effective yet smart technologies for maintaining tracks and ensuring operational safety is therefore at all-time high. This however can be achieved through calculating the geometry parameters in real-time. Track geometry measurement systems assist in maintenance works conducted to detect any track irregularities, which is a key factor enabling the market gain impetus.

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While these factors will support the market’s expansion, slow infrastructure growth will restraint it to an extent. Furthermore, data management and control is a sensitive concern for the track geometry measurement systems market. It is therefore very important to ensure protection of data generated via diverse measuring devices. This is a key challenge posing threat to the market as well.

Global Track Geometry Measurement System Market: Regional Outlook

North America, Europe, and Asia Pacific are among the key regional markets for track geometry measurement system. Among these regions, the market is witnessing highly lucrative opportunities in Asia Pacific. The rising demand for track geometry measurement system in China, which as of 2016 had the longest high-speed railway network in the world, is supporting growth witnessed in the region.

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Besides this, the market is also gaining from the rapid expansion of metro networks in countries such as Australia and India. Growth in railway networks also fuels the demand for advanced maintenance to ensure risk-free travel to the passengers. Since, railway networks constitute the key transport across emerging Asian economies, the region exhibits a considerably high demand for track geometry measurement system.

Global Track Geometry Measurement System Market: Vendor Landscape

Some of the most prominent enterprises operating in the global track geometry measurement system market are Ensco, Inc., MER MEC S.p.A., Fugro, Balfour Beatty, Plasser & Theurer, Egis, MRX Technologies, R. Bance & Co., Ltd. Inc., and Goldschmidt Thermit Group.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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