Rail Gangways Influences Market: Industry Development Scenario and Upcoming Opportunities Forecast t
Nature of the global rail gangways market is likely to remain consolidated, with leading players accounting for the highest market share.
[UKPRwire, Mon Aug 12 2019] As per the current market trends and the promising nature of the rail gangways market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACTMR would be publishing a resourceful analysis that will enclose knowledge about the regional rail gangways market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2018-2028, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.
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Railways have always been an integral part of the public transport system around the world and will play an important role in the coming years, with rapid urbanization, growing passenger density, and changing travelling mediums. This has led to surge in the global demand for railway products, influencing the development of rail gangways market. The railway ministry is focused on improving safety of passengers and trains which influenced the manufactures to install gangway doors between rail gangways, allowing to block the path of fire through automatic sliding mechanism during an accident. In addition, a focus on enhancing product quality as well as ease of handling is one of the important growth strategies of key players operating in the global rail gangways market. Some of the notable developments in rail gangways market are:
- In June 2018, Hubner GmbH & Co. KG worked in the area of microwave and high-frequency in collaboration with the University of Kassel, aimed at strengthening Kassel as a location for both research and business.
- In June 2016, Dellner Couplers AB entered into a joint venture with Qingdao Victall Railway Co., Ltd. for combining Dellner’s gangway enterprise with sales and production activities to train interior, and others.
Sprawling railway infrastructure along with growing need for high speed rail transportation among middle-class population is expected to give a boost to the growth of rail gangways market globally. Introduction of government schemes for enhancing connectivity between cities through the development of high speed train infrastructure and incorporation of digitalization in metro are the crucial factors to ramp up the growth of rail gangways market in the global scenario. Moreover, China is making large scale investments for improving the country’s rail sector which in turn is likely to create lucrative opportunities of manufactures of rail gangways.
Two Piece Rail Gangways to Witness Maximum Demand
Two piece gangways will continue to reign supreme in the global rail gangways market by product type, anticipated to account for 3.5x the value share of single piece gangways during the forecast period. They are generally used in regions with high passenger density including North America, Europe, China, and others, while single piece gangways are used in Japan, India, and other nations. Growing passenger density in respective countries or regions is likely to provide bilateral support to the future expansion of global rail gangways market.
In terms of incremental $ opportunity, the two piece rail gangways segment is foreseen to create 27x the opportunity created by its counterpart over the period of assessment.
Based on train type, passenger train is expected to maintain a superiority in the global rail gangways market, expanding at a CAGR of 4.2% through 2028. Although special train is likely to hold the lowest market share, the segment is anticipated to grow at a significant rate, in terms of year-over-year growth during the forecast period.
Global Rail Gangways Market Structure
Nature of the global rail gangways market is likely to remain consolidated, with leading players accounting for the highest market share. These players are expected to generate over US$ 50 million in revenue through the global sales of rail gangways. Mid-sized companies operating in the global rail gangways market are projected to hold market share of 25% to 35%. Some of the prominent players of the global rail gangways market are Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Airflow Equipments (India) Pvt. Limited, ATG AUTOTECHNIK GmbH, Hutchinson, Dellner Couplers AB, Narita Mfg. Ltd., KTK Group, Qingdao Victall Railway Co., Ltd, Kasper Elektronik GmbH, Korea Railway Parts Co Ltd, and Vulcanite Pty Ltd.
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