The Track Geometry Measurement System Market (TGMS) is expected to grow at a CAGR of 6.00% from 2019 to 2024, to reach US$ 3.7 Billion by 2024 from US$ 2.8 Billion in 2019. Top Key Players in the Track Geometry Measurement System Market include are ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), Plasser & Theurer (Austria), Siemens (Germany), R. Bance & Co. (UK), Bentley Systems (US).
The “Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, and Vertical Profile), Operation Type (No Contact and Contact), Railway Type (High Speed, Mass Transit, Heavy Haul, and Light), Component, and Geography - Global Forecast to 2024” report presents an in-depth assessment of the Track Geometry Measurement System including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2019 till 2024.
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Presence of various standards and regulations in the railway industry and need for track geometry measurement systems to meet those standards are among the key driving factors for the TGMS market.
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APAC is expected to dominate the Track Geometry Measurement System Market during the forecast period as it is likely to witness significant growth in the said market during the forecast period. The increasing demand for track geometry measurement systems, especially no contact track geometry measurement systems, from the high-speed railways and mass transit railways is among the key factors accelerating the growth of the market in APAC.
The Study Objectives of this report are:
- To describe and forecast the track geometry measurement system industry, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To describe and forecast the track video inspection system market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research and development (R&D) in the track geometry measurement system market
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
Top Key Players in the “Track Geometry Measurement System Market” include are
- ENSCO (US)
- Fugro (Netherlands)
- MER MEC (Italy)
- Balfour Beatty (UK)
- Plasser & Theurer (Austria)
- Siemens (Germany)
- R. Bance & Co. (UK)
- Bentley Systems (US)
- Goldschmidt Thermit Group (Germany)
- Egis (France)
- Harsco Corporation (US)
- Trimble (US)
- DMA (Italy)
- Deutzer Technische Kohle (Germany)
- KŽV sro (Czech Republic)
- Vista Instrumentation (US)
- ZG Optique (Switzerland)
- Amberg Technologies (Switzerland)
- Rail Vision Europe (UK)
- Holland LP (US)
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This report segments the Track Geometry Measurement System Market by measurement type, operation type, railway type, component, and geography. The report also describes major drivers, restraints, challenges, and opportunities pertaining to this market, as well as includes value chain and market ranking analysis.