Global Track Geometry Measurement System Market Segments 2024, Forecast To 2033
5 Mar, 2024
The track geometry measurement system market has demonstrated strong growth, increasing from $3.3 billion in 2023 to $3.52 billion in 2024, with a 6.6% CAGR. Drivers include safety regulations compliance and operational efficiency improvement. The market is expected to see strong growth, reaching $4.55 billion in 2028, with a 6.6% CAGR. Key trends involve integration with IoT and AI and a focus on high-speed rail networks.
Global Track Geometry Measurement System Market Key Driver
The track geometry measurement systems market is on the rise due to the expanding network of metro and high-speed trains. In 2022, Australia's railway building activity increased by 2.2%, and China added 4,100 kilometers of new railway lines, including 2,082 kilometers of high-speed tracks. The growing network of high-speed rail drives the demand for track geometry measurement systems.
Get A Free Sample Of The Global Track Geometry Measurement System Market ReportGlobal Track Geometry Measurement System Market Segments
The track geometry measurement system market covered in this report is segmented –
1) By Type: Gauge, Twist, Vertical Profile
2) By Product Types: Track Geometry Trolley, Track Geometry Inspection Vehicle (TGIV), Autonomous Track Geometry Measurement System (ATGMS)
3) By Application: High Speed Railways, Heavy Haul Railways, Light Railways, Mass Transit Railways
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the track geometry measurement system market in 2023. Europe was the second-largest region in the track geometry measurement system market. The regions covered in the track geometry measurement system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Track Geometry Measurement System Industry Players
Ensco plc; Fugro N.V.; MER MEC S.p.A.; Lasser & Theurer GmbH & Co. KG; MRX Technologies Inc.; R. Bance and Company Limited; Bentley Systems Incorporated; Goldschmidt Thermit Group; Siemens AG; Vista Instrumentation LLC; Holland LP; GRAW Inc.; Jiangxi Everbright New Materials Co. Ltd.; South Survey International Holdings Limited; Amberg Technologies AG; Trimble Inc.; Plasser & Theurer Export von Bahnbaumaschinen Gesellschaft m.b.H.; Harsco Rail LLC; Rail Vision GmbH; Balfour Beatty plc; Egis Group SA; ESIM Technologies; Alstom Transport SA; Bombardier Inc.; GE Transportation a Wabtec company; Hitachi Rail Ltd.; Kawasaki Heavy Industries Ltd.; Stadler Rail AG; Sperry Rail Inc.; Train Dynamics Systems
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AIOps Track Geometry Measurement System Market Overview
The track geometry measurement system (TGMS) is a crucial technology in the rail sector for evaluating track safety and maintenance schedule. It delivers precise and dependable track data for both short-term and long-term maintenance planning.
Track Geometry Measurement System Global Market Report 2023 provides data on the global track geometry measurement system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The track geometry measurement system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.