Track Geometry Measurement System Market Forecast Value and Market Share by Types, Application, Region, and Covid-19 Influence 2020 to 2027

Governments of several countries have implemented laws and regulations that suggest to comply with increasing safety concerns in railway, as they are increasingly concerned with the protection of the railways and with technical advances in the rail sector itself. As a result, market leaders have devised new technologies to meet the demands of the end-use industry and comply with the traditional guidelines, thereby increasing the desirability of the systems. This, in turn, is expected to lead to growth of the track geometry measurement system market in the next few years. Moreover, government authorities are focusing on increasing light rail networks—such as metro lines—in order to meet increasing demand for mass transit, as well as expanding the rail network to serve unconnected population centers. These major investments in the extension of the rail network are expected to generate new prospects for the development of the track geometry measurement system market.

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Key players in the global Track Geometry Measurement Systems market covered in report:

1. Balfour Beatty
2. Deutzer Technische Kohle GmbH
3. ENSCO, Inc.
4. E.S.I.M. Srl
5. Fugro
6. Goldschmidt
7. Plasser & Theurer
8. R.Bance & Co Ltd.
9. MERMEC Inc.
10. NEXTSENSE GmbH

The need for safety and security in rail transport is a high priority in all sectors. Growing safety and security requirements for rail transport and increasing train and metro lines are some of the factors that contribute to a significant rise in demand for track geometry measurement systems. Train malfunctions and crashes pose global concerns and urge policymakers to digitize transport in order to ensure safer travel. Besides, due to increasing demand for intelligent technology to sustain operational performance, the market would have lucrative opportunities in the near future.

The track geometry measurement system market was valued at US$ 2795.7 million in 2019 and it is projected to reach US$ 4741.0 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.

The market for track geometry measurement system is segmented into railway type, operation type, component based, and geography. Based on railway type, the track geometry measurement system market is sub-segmented into high-speed railways, conventional railway, heavy haul railways, and light railways. The conventional railway segment dominated the track geometry measurement system market; whereas, the high-speed railways segment is expected to grow at fastest growth rate during the forecast period. Based on operation type, the track geometry measurement system market is bifurcated into no contact and contact.

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The overall track geometry measurement system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Table of Contents:

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Track Geometry Measurement System Market Landscape
5. Track Geometry Measurement System Market – Key Market Dynamics
6. Track Geometry Measurement System Market – Global Market Analysis
7. Track Geometry Measurement System Market – Revenue and Forecasts to 2027 – Product Type
8. Track Geometry Measurement System Market – Revenue and Forecasts to 2027 – Application
9. Track Geometry Measurement System Market – Revenue and Forecasts to 2027 – Compound
10. Track Geometry Measurement System Market Revenue and Forecasts to 2027 – Geographical Analysis
11. Industry Landscape
12. Track Geometry Measurement System Market, Key Company Profiles
13. Appendix

Sameer Joshi
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