The global Railway Wheel market is valued at 2830 million USD in 2017 and is expected to reach 3170 million USD by the end of 2025, growing at a CAGR of 1.5% between 2018 and 2025.
City of Industry, CA -- (SBWIRE) -- 09/06/2018 -- This report studies the global Railway Wheel industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
Rail Wheel is a type of wheel specially designed for use on rail tracks. The wheel sits on the rails without guidance except for the shape of the tyre in relation to the rail head.
Globally, the rail wheels industry market is low concentrated as the manufacturing technology of rail wheels is relatively matures than some high-tech equipment. And some enterprises, like NSSMC, Interpipe, EVRAZ NTMK and Vyksa Steel Works (VSW), etc. are well-known for the wonderful performance of their rail wheels and related services. Europe, North America and Asia-Pacific are the major consumption regions and their market share is 15.32%, 8.55% and 49.60%
The consumption volume of rail wheels is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of rail wheels industry may not keep that fast. But it is surely forecasted that the market of rail wheels is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
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This research report categorizes the China and global Railway Wheel market by type, end-use industry, and region.
International Manufacturers Covered
Vyksa Steel Works (VSW)
Bochumer Verein Verkehrstechnik (BVV)
Rail Wheel Factory
Ministry of Steel
MWL Brasil Rodas & Eixos
China Local Manufacturers Covered
Taiyuan Heavy Industry
Xinyang Tonghe Wheels
Cast Steel Wheel
Wrought Steel Wheel
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