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Rail Gangways Market By Product Type (Single Piece Gangways, Two Piece Gangways), By Material Type (Steel, Aluminum, Alloys, Composites), By Train Type (Passenger Train, Metro/Subway Train, High Speed Train, Special Train), By Power Input (Single Phase, Three Phase) - Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Need for Transportation Through Railways is Driving the Rail Gangways Market

Globally, the rail gangways market is expected to grow at a CAGR of 6.3% during the forecast period from 2019 to 2027. Gangways are defined as narrow passage that is used for joining parts. In terms of railways, rail gangways are defined as a connection between the coaches that allows the passenger to move from one coach to another. In railways gangways are used in metros, subways, and suburban railways.

The gangways consist of a bridge system, an internal ceiling, and flexible sidewalls. Some of the benefits of gangways in railways are that it allows the passengers to move from one car (coach) to another, from crowded to uncrowded cars, which allows them to have a proper space for adjustment. Additionally, the rail gangways make a large share of unused space usable.

Globally, railways are an integral part of transportation systems, and governments across the globe are investing heavily in developing advanced systems that ensure safety and efficacy. As the number of passengers increases across the globe, there is an increasing demand for significant travel modes. Hence, there is development in the railway infrastructure, which ultimately drives the market for rail gangways globally. Factors such as increasing government investment in the development of high-speed trains and increasing research to enhance passenger safety are also fueling the growth of this market.

Market Synopsis

Rail Gangways in Two-Piece Gangways in its Product Type Segment Continue Dominating the Market

In 2018, the overall rail gangways market was led by the two-piece gangways segment with more than 30.0% share in global market value. This is due to the increase in the number of travelers across the globe; moreover, the increasing demand of the user for safety and spaciousness in trains is a major factor that is driving the market globally.

Europe Dominates the Market by Region

The rail gangways market was led by Europe due to its huge railway transportation sector and a high level of sophistication. The European region accounted for more than 1/3 of the market revenue in 2018. The advancement in technology, growing population, and high investments made by the European countries for the development of railways in the region also contribute to the growth of the market. However, Asia-Pacific was the second-largest market in 2018 and is expected to be the fastest-growing region in the upcoming years.

Some of the key players operating in the rail gangways market include Narita Mfg. Ltd., Hubner, and Airflow Equipment (India) Pvt. Limited, Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Dellner Couplers AB, Hutchinson, ATG AUTOTECHNIK GmbH, and Bellow, Bus (Pty) Ltd, among others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR)for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The rail gangways market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global rail freight market based on material type, product type, train type, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of rail gangways in 2018 and the forecast up to 2027?
  • Which is the largest regional market for passengers by train type?
  • What are the major trends followed in the rail gangway market across different regions?
  • Who are the key rail gangway companies leading the market?
  • What are the key strategies adopted by the leading rail gateway companies in the market?

Unique data points of this report

  • Statistics on rail gangway penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of various types of rail gangways
  • Notable developments are going on in the rail gangway market.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Rail Gangways Market is expected to reach USD$ XX in 2027.

The Rail Gangways Market is expected to see significant CAGR growth over the coming years, at 6.3% .

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungs system GmbH. are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2019
Category:  Automotive & Transportation
Report ID:   59880
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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