HOME Top Market Reports Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, Vertical Profile), Operation Type (No Contact & Contact Based), Railway Type (High Speed, Mass Transit, Heavy Haul, Light), Component and Geography - Global Forecast to 2022

Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, Vertical Profile), Operation Type (No Contact & Contact Based), Railway Type (High Speed, Mass Transit, Heavy Haul, Light), Component and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: SE 4739

 

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The track geometry measurement system market is expected reach USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022.

The objective of this report is to define, describe, and forecast the market size and growth potential of the track geometry measurement system market across different segments such as measurement type, operation type, railway type, and component. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in track geometry measurement system market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The growth of this market is driven by the factors such as increasing need for safety and security in railway transport and growing railway networks and metro lines.

The research methodology used to estimate and forecast the market begins by capturing the revenues of the key players and their shares in the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary respondents is depicted in the below figure:

Track Geometry Measurement System Market

To know about the assumptions considered for the study, download the pdf brochure

The track geometry measurement system includes research and development; component providers such as R. Bance & Co., Ltd. (U.K.), Geismar (France); original design manufacturers such as Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), and Egis (France); technology providers such as Plasser & Theurer (Austria), Ensco, Inc. (U.S.), MRX Technologies (Australia); and post-sales service providers such as Goldschmidt Thermit Group (Germany), Rail Vision Europe Ltd. (U.K.).

Key Target Audience:

  • Component and equipment suppliers
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODMs)
  • Installers and maintenance service providers
  • Research organizations
  • Component integrators
  • Technology providers

Scope of the Report:

The track geometry measurement system (TGMS) market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. In this report, the market has been segmented as follows:

Track Geometry Measurement System Market, by Measurement Type

  • Gauge
  • Cant and Cant Deficiency
  • Twist
  • Vertical Profile
  • Curvature
  • Alignment
  • Dynamic Cross-level
  • Dipped Joints
  • Others (Cyclic top and inclination)

Track Geometry Measurement System Market, by Operation Type

  • No Contact Based
  • Contact Based

Track Geometry Measurement System Market, by Railway Type

  • High-Speed Railways
  • Mass Transit Railways
  • Heavy Haul Railways
  • Light Railways

Track Geometry Measurement System Market, by Component

  • Software
  • Lighting Equipment
  • Navigation Equipment
  • Communication Equipment
  • Computer
  • Camera
  • Data Storage
  • Power Supply Equipment
  • Sensor

Geographic Analysis of the Global Track Geometry Measurement System Market:

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Country-wise breakdown of all regions by railway type
  • Detailed analysis and profiling of additional five market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Flow
    2.5 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Track Geometry Measurement System Market
    4.2 TGMS Market, By Railway Type
    4.3 TGMS Market in APAC
    4.4 APAC Held the Largest Share of the TGMS Market in 2015
    4.5 TGMS Market, By Operation Type
    4.6 TGMS Market, By Component

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Measurement Type
           5.2.2 By Operation Type
           5.2.3 By Railway Type
           5.2.4 By Component
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Need for Safety and Security in Railway Transport
                    5.3.1.2 Growing Railway Networks and Metro Lines
                    5.3.1.3 Deployment of Intelligent Techniques in Railways
           5.3.2 Restraints
                    5.3.2.1 Slow Infrastructural Growth
           5.3.3 Opportunities
                    5.3.3.1 Requirement for Public-Private Partnerships (PPP)
                    5.3.3.2 Diverse Services and Solutions
           5.3.4 Challenges
                    5.3.4.1 Protection of Data Generated By Measuring Devices

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industrial Standards
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of Substitutes
           6.4.2 Threat of New Entrants
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Intensity of Competitive Rivalry

7 Track Geometry Measurement System Market, By Measurement Type (Page No. - 50)
    7.1 Introduction
    7.2 Gauge
    7.3 Twist
    7.4 Cant and Cant Deficiency
    7.5 Vertical Profile
    7.6 Curvature
    7.7 Alignment
    7.8 Dynamic Cross-Level
    7.9 Dipped Joints
    7.10 Others

8 Track Geometry Measurement System Market, By Operation Type (Page No. - 65)
    8.1 Introduction
    8.2 No Contact Based
    8.3 Inertial Based
    8.4 Chord Based
    8.5 Contact Based

9 Track Geometry Measurement System Market, By Railway Type (Page No. - 69)
    9.1 Introduction
    9.2 High-Speed Railways
    9.3 Mass Transit Railways
    9.4 Heavy Haul Railways
    9.5 Light Railways

10 Track Geometry Measurement System Market, By Component (Page No. - 80)
     10.1 Introduction
     10.2 Software
     10.3 Lighting Equipment
     10.4 Navigation Equipment
     10.5 Communication Equipment
     10.6 Computer
     10.7 Camera
     10.8 Data Storage
     10.9 Power Supply Equipment
     10.10 Sensor
             10.10.1 Accelerometer
             10.10.2 Gyroscope

11 Geographic Analysis (Page No. - 91)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 Italy
             11.3.4 U.K.
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 Australia
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 RoW

12 Competitive Landscape (Page No. - 112)
     12.1 Introduction
     12.2 Market Ranking for TGMS Market, 2015
     12.3 Competitive Scenario and Trends
     12.4 Developments
             12.4.1 Contracts, Partnerships, and Agreements
             12.4.2 New Product/Technology Launches and Developments
             12.4.3 MERgers & Acquisitions
             12.4.4 Expansions

13 Company Profiles (Page No. - 118)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Ensco, Inc.
     13.3 Fugro
     13.4 MER MEC S.P.A.
     13.5 Balfour Beatty
     13.6 Plasser & Theurer
     13.7 EGIS
     13.8 MRX Technologies
     13.9 R. Bance & Co., Ltd.
     13.10 Bentley Systems, Inc.
     13.11 Goldschmidt Thermit Group

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 140)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (69 Tables)

Table 1 Metro Networks Worldwide, 2013 vs 2014
Table 2 Porter’s Five Forces Analysis: Overall Impact on the Market Was Medium in 2015
Table 3 TGMS Market, By Measurement Type, 2013–2022 (USD Million)
Table 4 TGMS Market for Gauge Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 5 TGMS Market for Gauge Measurement Type, By Region, 2013–2022 (USD Million)
Table 6 TGMS Market for Twist Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 7 TGMS Market for Twist Measurement Type, By Region, 2013–2022 (USD Million)
Table 8 TGMS Market for Cant and Cant Deficiency Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 9 Tgrm Market for Cant and Cant Deficiency Measurement Type, By Region, 2013–2022 (USD Million)
Table 10 TGMS Market for Vertical Profile Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 11 TGMS Market for Vertical Profile Measurement Type, By Region, 2013–2022 (USD Million)
Table 12 TGMS Market for Curvature Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 13 TGMS Market for Curvature Measurement Type, By Region, 2013–2022 (USD Million)
Table 14 TGMS Market for Alignment Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 15 TGMS Market for Alignment Measurement Type, By Region, 2013–2022 (USD Million)
Table 16 TGMS Market for Dynamic Cross-Level Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 17 TGMS Market for Dynamic Cross-Level Measurement Type, By Region, 2013–2022 (USD Million)
Table 18 TGMS Market for Dipped Joints Measurement Type, By Railway Type, 2013–2022 (USD Million)
Table 19 TGMS Market for Dipped Joints Measurement Type, By Region, 2013–2022 (USD Million)
Table 20 TGMS Market for Other Measurement Types, By Railway Type, 2013–2022 (USD Million)
Table 21 TGMS Market for Other Measurement Types, By Region, 2013–2022 (USD Million)
Table 22 TGMS Market, By Operation Type, 2013–2022 (USD Million)
Table 23 TGMS Market for No Contact-Based Operation Type, By Railway Type, 2013–2022 (USD Million)
Table 24 TGMS Market for Contact-Based Operation Type, By Railway Type, 2013–2022 (USD Million)
Table 25 TGMS Market, By Railway Type, 2013–2022 (USD Million)
Table 26 TGMS Market for High-Speed Railways, By Region, 2013–2022 (USD Million)
Table 27 TGMS Market for High-Speed Railways, By Operation Type, 2013–2022 (USD Million)
Table 28 TGMS Market for High-Speed Railways, By Measurement Type, 2013–2022 (USD Million)
Table 29 TGMS Market for Mass Transit Railways, By Region, 2013–2022 (USD Million)
Table 30 TGMS Market for Mass Transit Railways, By Operation Type, 2013–2022 (USD Million)
Table 31 TGMS Market for Mass Transit Railways, By Measurement Type, 2013–2022 (USD Million)
Table 32 TGMS Market for Heavy Haul Railways, By Region, 2013–2022 (USD Million)
Table 33 TGMS Market for Heavy Haul Railways, By Operation Type, 2013–2022 (USD Million)
Table 34 TGMS Market for Heavy Haul Railways, By Measurement Type, 2013–2022 (USD Million)
Table 35 TGMS Market for Light Railways, By Region, 2013–2022 (USD Million)
Table 36 TGMS Market for Light Railways, By Operation Type, 2013–2022 (USD Million)
Table 37 TGMS Market for Light Railways, By Measurement Type, 2013–2022 (USD Million)
Table 38 TGMS Market, By Component, 2013–2022 (USD Million)
Table 39 TGMS Market for Software, By Region, 2013–2022 (USD Million)
Table 40 TGMS Market for Lighting Equipment, By Region, 2013–2022 (USD Million)
Table 41 TGMS Market for Navigation Equipment, By Region, 2013–2022 (USD Million)
Table 42 TGMS Market for Communication Equipment, By Region, 2013–2022 (USD Million)
Table 43 TGMS Market for Computer, By Region, 2013–2022 (USD Million)
Table 44 TGMS Market for Camera, By Region, 2013–2022 (USD Million)
Table 45 TGMS Market for Data Storage, By Region, 2013–2022 (USD Million)
Table 46 TGMS Market for Power Supply Equipment, By Region, 2013–2022 (USD Million)
Table 47 TGMS Market for Sensor, By Region, 2013–2022 (USD Million)
Table 48 TGMS Market, By Region, 2013–2022 (USD Million)
Table 49 TGMS Market in North America, By Country, 2013–2022 (USD Million)
Table 50 TGMS Market in North America, By Railway Type, 2013–2022 (USD Million)
Table 51 TGMS Market in North America, By Component, 2013–2022 (USD Million)
Table 52 TGMS Market in North America, By Measurement Type, 2013–2022 (USD Million)
Table 53 TGMS Market in Europe, By Country, 2013–2022 (USD Million)
Table 54 TGMS Market in Europe, By Railway Type, 2013–2022 (USD Million)
Table 55 TGMS Market in Europe, By Component, 2013–2022 (USD Million)
Table 56 TGMS Market in Europe, By Measurement Type, 2013–2022 (USD Million)
Table 57 TGMS Market in APAC, By Country, 2013–2022 (USD Million)
Table 58 TGMS Market in APAC, By Railway Type, 2013–2022 (USD Million)
Table 59 TGMS Market in APAC, By Component, 2013–2022 (USD Million)
Table 60 TGMS Market in APAC, By Measurement Type, 2013–2022 (USD Million)
Table 61 TGMS Market in RoW, By Region, 2013–2022 (USD Million)
Table 62 TGMS Market in RoW, By Railway Type, 2013–2022 (USD Million)
Table 63 TGMS Market in RoW, By Component, 2013–2022 (USD Million)
Table 64 TGMS Market in RoW, By Measurement Type, 2013–2022 (USD Million)
Table 65 Market Rank Analysis of the Top Players in the TGMS Market
Table 66 Contracts, Partnerships, and Agreements, 2014–2016
Table 67 New Product/Technology Launches and Developments, 2014–2016
Table 68 Mergers and Acquisitions, 2014–2015
Table 69 Expansions, 2016


List of Figures (67 Figures)

Figure 1 Segmentation: Track Geometry Measurement System Market
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Growth of TGMS Market From 2013 to 2022
Figure 7 Gauge Measurement Type Expected to Hold the Largest Size of the TGMS Market During the Forecast Period
Figure 8 No Contact-Based Operation Type Estimated to Hold the Largest Size of the TGMS Market During the Forecast Period
Figure 9 High-Speed Railways Expected to Grow at the Highest Rate in the TGMS Market During the Forecast Period
Figure 10 Software Estimated to Hold the Largest Size of the TGMS Market During the Forecast Period
Figure 11 APAC Held the Largest Share of the TGMS Market in 2015
Figure 12 High Rate of Adoption of TGMS Expected in APAC Between 2016 and 2022
Figure 13 Market for High-Speed Railways Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 High-Speed Railways Held the Largest Share of the TGMS Market in APAC in 2015
Figure 15 China Dominated the TGMS Market in 2015
Figure 16 No Contact-Based Operation Type to Grow at the Highest Rate in the TGMS Market During the Forecast Period
Figure 17 Software to Hold the Largest Share of the TGMS Market During the Forecast Period
Figure 18 Market, By Geography
Figure 19 Market Dynamics of Track Geometry Measurement System Market
Figure 20 Value Chain Analysis: Major Value is Added By the Component Providers, Original Design Manufacturers, and Technology Providers
Figure 21 Porter’s Five Forces Analysis, 2015
Figure 22 Track Geometry Measurement System Market: Porter’s Five Forces Analysis
Figure 23 Impact of Threat of Substitutes on the Track Geometry Measurement System Market Was Low in 2015
Figure 24 Impact of Threat of New Entrants on the Track Geometry Measurement System Market Was Medium in 2015
Figure 25 Impact of Bargaining Power of Buyers on the Track Geometry Measurement System Market Was High in 2015
Figure 26 Impact of Bargaining Power of Suppliers on the Track Geometry Measurement System Market Was Medium in 2015
Figure 27 Impact of Intensity of Competitive Rivalry on the Track Geometry Measurement System Market Was Medium in 2015
Figure 28 Track Geometry Measurement System Market, By Measurement Type
Figure 29 Gauge Measurement Type Estimated to Hold the Largest Size of the TGMS Market During the Forecast Period
Figure 30 APAC Expected to Lead the TGMS Market During the Forecast Period
Figure 31 High-Speed Railways Estimated to Dominate the TGMS Market for Vertical Profile Measurement Type During the Forecast Period
Figure 32 TGMS Market for Alignment Measurement Type in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 33 Track Geometry Measurement System Market, By Operation Type
Figure 34 No Contact-Based Operation Type Estimated to Lead the TGMS Market During the Forecast Period
Figure 35 Track Geometry Measurement System Market, By Railway Type
Figure 36 High-Speed Railways Estimated to Dominate the Overall Track Geometry Measurement System Market During the Forecast Period
Figure 37 APAC Estimated to Grow at the Highest Rate in the TGMS Market for High-Speed Railways During the Forecast Period
Figure 38 No Contact-Based Operation Type to Dominate the TGMS Market for Mass Transit Railways During the Forecast Period
Figure 39 North America to Hold the Largest Size of the TGMS Market for Heavy Haul Railways During the Forecast Period
Figure 40 Track Geometry Measurement System Market, By Component
Figure 41 Software Segment Estimated to Hold the Largest Size of the Track Geometry Measurement System Market During the Forecast Period
Figure 42 TGMS Market in APAC for Software Segmentexpected to Grow at the Highest Rate During the Forecast Period
Figure 43 TGMS Market for Camera in the APAC Region to Grow at the Highest Rate During the Forecast Period
Figure 44 Track Geometry Measurement System Market, By Region
Figure 45 Geographic Snapshot of TGMS Market, 2016–2022
Figure 46 Track Geometry Measurement System Market Segmentation: North America
Figure 47 Snapshot of TGMS Market in North America, 2016
Figure 48 Track Geometry Measurement System Market Segmentation: Europe
Figure 49 Snapshot of TGMS Market in Europe, 2016
Figure 50 Track Geometry Measurement System Market Segmentation: APAC
Figure 51 Snapshot of TGMS Market in APAC Market, 2016
Figure 52 Track Geometry Measurement System Market Segmentation: RoW
Figure 53 Snapshot of TGMS Market in RoW, 2016
Figure 54 Key Growth Strategies Adopted By the Leading Players During 2014–2016
Figure 55 Market Evaluation Framework
Figure 56 Contracts, Partnerships, & Agreements Were the Key Strategies in the Battle of the Market Share During 2014 and 2016
Figure 57 Geographic Revenue Mix of Top Players
Figure 58 Ensco, Inc.: Company Snapshot
Figure 59 Ensco, Inc.: SWOT Analysis
Figure 60 Fugro: Company Snapshot
Figure 61 Fugro: SWOT Analysis
Figure 62 MER MEC S.P.A.: SWOT Analysis
Figure 63 Balfour Beatty: Company Snapshot
Figure 64 Balfour Beatty: SWOT Analysis
Figure 65 Plasser & Theurer: SWOT Analysis
Figure 66 EGIS: Company Snapshot
Figure 67 Bentley Systems, Inc.: Company Snapshot

According to the MarketsandMarkets forecast, the track geometry measurement system (TGMS) market is expected be worth USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022. The major drivers for the market include increasing need for safety and security in railway transport and growing railway networks and metro lines. In addition, deployment of intelligent and cost-effective techniques in railway drive the growth of this market.

The scope of this report covers the track geometry measurement system market on the basis of measurement type, operation type, railway type, component, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the track geometry measurement system market.

The software market is estimated to hold the largest share of the track geometry measurement system market in 2015. Various technologies and software accurately monitor track geometry and degradation on the tracks. The modern simulation tools help to evaluate the wheel and rail interface, enabling various aspects of vehicle behavior to be inspected that could not be efficiently done in any other way.

In terms of railway type, the high-speed railways segment is expected to register the highest growth during the forecast period. High-speed rail is mostly intended for passenger travel and is considered as one of the safest modes of transportation. Various high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

Track Geometry Measurement System Market

The market is largely dominated by the APAC region because of the rapid expansion of high-speed rails, mass transit systems, and subways in the APAC countries in the recent years. In China, as of 2016, it has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

Data control and management is a sensitive issue for the track geometry measurement system market; hence, protection of this data generated by various measuring devices may be a key challenge for said market. The major vendors in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others. These players adopted various strategies such as contracts, new product/technolgy launches and developments, acquisitions, partnerships, and business expansions to cater to the needs of the market.

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