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Rail Gangway Market Size & Share, By Gangway (Gangway Bellow, Corridor Connection Gangway), Product (Single Piece, Two Piece), Application (Passenger Train, Metro & Subway Train, High speed Train, Special Train), Material, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 4676

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Published Date: Jun-2024

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Format : PDF, Excel

Market Outlook:

Rail Gangway Market crossed USD 699.27 Million in 2023 and is poised to reach USD 1.02 Billion by end of the year 2032, observing around 4.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 699.27 Million

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

4.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 1.02 Billion

19-23 x.x %
24-32 x.x %
Rail Gangway Market

Historical Data Period

2019-2023

Rail Gangway Market

Largest Region

Asia Pacific

Rail Gangway Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the Rail Gangway Market is the increasing demand for efficient and safe transportation solutions in the railway sector. As the need for reliable and comfortable train travel grows, the adoption of rail gangways is expected to rise, driving market growth.

Another key growth driver for the Rail Gangway Market is technological advancements in gangway designs and materials. Innovative solutions such as lightweight gangways with enhanced safety features are gaining popularity among railway operators, leading to market growth.

The growing trend of urbanization and the expansion of metro and high-speed railway networks are also fueling the demand for rail gangways. As cities invest in upgrading their public transportation systems, the Rail Gangway Market is set to benefit from the increased deployment of gangway systems across various rail networks.

Report Scope

Report CoverageDetails
Segments CoveredGangway, Product, Material, Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAirflow Equipments Private Limited, ARS Traffic & Transport Technology, ASTRA Vagoane Calatori, ATG AUTOTECHNIK, CAF - Construcciones y Auxiliar de Ferrocarriles, Corning Incorporated, Dellner, Gonvarri Material Handling, HUBNER & Co. KG, HUTCHINSON, Knorr-Bremse AG, KTK Group, Narita Manufacturing, Parker Hannifin, Ricon, Schaltbau Holding AG, Scharfenberg Couplers, Stella-Meta, Sugiyasu, Voith & Co. KGaA,

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Industry Restraints:

Despite the positive outlook for the Rail Gangway Market, stringent safety regulations and certification requirements pose a significant restraint to market growth. Compliance with industry standards and regulations can be costly and time-consuming, hindering the adoption of rail gangways in some regions.

Another major restraint for the Rail Gangway Market is the high initial investment required for installing gangway systems on existing trains. The capital expenditure involved in retrofitting rail vehicles with gangways can deter railway operators from investing in this technology, limiting market growth.

Regional Forecast:

Rail Gangway Market

Largest Region

Asia Pacific

40% Market Share in 2023

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North America:

The Rail Gangway market in North America is driven by the presence of key players such as Wabtec Corporation, HÜBNER GmbH & Co. KG, and NEM Solutions. The United States and Canada are major contributors to the growth of the market in this region due to increasing investments in public transportation infrastructure. The demand for efficient and safe rail gangways is expected to drive market growth in North America.

Asia Pacific:

In Asia Pacific, countries such as China, Japan, and South Korea are witnessing significant growth in the rail gangway market. The presence of major manufacturers such as Nippon Signal Co., Ltd. and KTK Group is boosting the market in this region. Rapid urbanization and increasing demand for high-speed rail networks are driving the growth of the rail gangway market in Asia Pacific.

Europe:

Europe, particularly the United Kingdom, Germany, and France, is a key region for the rail gangway market. Companies like Knorr-Bremse AG and Schunk Group are leading players in this market in Europe. Stringent regulations regarding passenger safety and increasing investments in urban rail infrastructure are fueling the demand for advanced rail gangway systems in these countries.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Rail Gangway Market
Rail Gangway Market

Segmentation Analysis:

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In terms of segmentation, the global rail gangway market is analyzed on the basis of Gangway, Product, Material, Application

1. Gangway Analysis:

- Gangway Bellow: The gangway bellow segment is expected to witness significant growth in the rail gangway market due to its flexible and accordion-like design that allows for easy movement between train cars.

- Corridor Connection Gangway: The corridor connection gangway segment is also projected to experience steady growth, driven by the demand for seamless and secure connections between train cars.

2. Product Analysis:

- Single Piece: The single piece gangway product segment is anticipated to dominate the market, as it offers simplicity in design and ease of installation.

- Two Piece: The two piece gangway product segment is expected to witness growth, attributed to its ability to provide greater flexibility and adjustability in train configurations.

3. Application Analysis:

- Passenger Train: The passenger train application segment is likely to hold a significant market share, fueled by the increasing number of passengers opting for rail travel as a mode of transportation.

- Metro & Subway Train: The metro & subway train application segment is projected to grow steadily, driven by the expansion of urban rail networks in various cities around the world.

- High speed Train: The high speed train application segment is expected to witness rapid growth, fueled by the demand for faster and more efficient rail transportation options.

- Special Train: The special train application segment is also anticipated to experience growth, driven by the need for customized gangway solutions for specific train types.

4. Material Analysis:

- The material segment of the rail gangway market includes various materials such as aluminum, stainless steel, and composite materials. Each material offers different benefits in terms of durability, weight, and cost, catering to the specific needs of train operators and manufacturers. The choice of material for gangway construction plays a crucial role in ensuring safety, reliability, and performance in rail transportation systems.

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Competitive Landscape:

Competitive landscape in the Rail Gangway Market focuses on strong rivalry among key players striving to expand their market presence. Top Market Players:

1. Scharfenberg

2. Dellner

3. DAKO-CZ

4. SEGC

5. Nordon

6. Frauscher Sensor Technology

7. ADS Group

8. Selectron

9. Kiepe Electric

10. Railway Interiors

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Rail Gangway Market Size & Share, By Gangway (Gang...

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