Track Geometry Measurement System Market

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 Code: SE 4739 Jan, 2019, by marketsandmarkets.com

[143 Pages Report] The track geometry measurement system (TGMS) market is expected to be valued at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a CAGR of 6.00% during the forecast period. The use of track geometry measurement systems by the companies operating in the railway industry for complying with various standards and regulations is among the key factors driving the TGMS market. Moreover, the high popularity of no contact track geometry measurement system is another factor expected to considerably boost the growth of the said market in the coming years.

Track Geometry Measurement System Market

By operation type, no contact segment to account for largest market share during forecast period

The TGMS market, by operation type, is segmented into no contact and contact based track geometry measurement systems. The no contact based TGMS market is expected to witness significant growth during the forecast period. The major benefit of this operation type is that it is suitable for high and low speed. Also, it ensures high accuracy with the help of advanced technologies such as imaging technologies and optical laser sensors. Therefore, this type of operation method is gaining popularity for track geometry measurement.

By measurement type, vertical profile segment to grow at highest CAGR during forecast period

The market for vertical profile measurement type is expected to witness significant growth during the forecast period. Vertical profile is the track layout on the vertical plane. It is defined as the average height of left and right rails, which is calculated from the mid-point of these rails. The track class and permissible vehicle speed limit are determined by the railroad administration bodies by using these parameters as these are crucial for the operational efficiency of a rail.

Track Geometry Measurement System Market

APAC to account for largest market share during forecast period

APAC is expected to account for the largest share of the TGMS market during the forecast period. The market in this region is also expected to witness significant growth during 2019–2024. One of the major reasons for the leading position of APAC is the rapid expansion of high-speed rails and mass transit system in the APAC countries such as China and India.

Key Market Players

Key players in the TGMS market include 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), and Egis (France). ENSCO is a well-known player in the TGMS market. The company has over 45 years of experience in providing solutions for the railway industry. ENSCO’s significant experience in the railway industry, along with its strong brand image and customer base, has led to its dominant position in the track geometry measurement system market. Recently, the company won several contracts for providing its products and services. For instance, in 2017, Canadian Pacific (Canada) awarded the ENSCO a contract to provide inspection systems for a new track evaluation car; Federal Railroad Administration (US) awarded ENSCO with a 5-year contract for operating and maintaining its 6 FRA track inspection cars. The company has strong presence in North America and is trying to strengthen its presence in other regions through expansions.  

Recent Developments

  1. In May 2018, Balfour Beatty (UK) was awarded a 5-year “Reactive Building and Civils Contract” by Network Rail (UK). This contract is worth up to USD 64 million (£50 million) and requires Balfour Beatty to execute rail infrastructure repairs and projects along the Great Western route from London to Penzance.
  2. In November 2017, ENSCO (US) announced that Canadian Pacific (CP) (Canada) awarded the company a contract to provide inspection systems for a new track evaluation car. This car will be equipped with track measurement and imaging system technology and will include track geometry measurement system (TGMS), rail profile measurement system (RPMS), deployable gage restraint measurement system (DGRMS), joint bar inspection system (JBIS), track component imaging system (TCIS), driver view imaging system (DVIS), and track view imaging system (TVIS).
  3. In October 2017, Bentley Systems (US) introduced the OpenRail solution, comprising applications and services for comprehensive planning, engineering, project delivery, and operations of rail and transit infrastructure.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the emerging applications of track geometry measurement systems?
  • How advancements in the railway industry is influencing the TGMS market?
  • Which operation type track geometry measurement system is expected to penetrate significantly in the TGMS market?
  • Which countries are expected to witness significant growth in the TGMS market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 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 Primaries
    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 Assumptions for Research Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Growth Opportunities in Track Geometry Measurement System Market
    4.2 Track Geometry Measurement System Market, By Operation Type
    4.3 Track Geometry Measurement System Market in Europe, By Country and Railway Type
    4.4 Track Geometry Measurement System Market, By Measurement Type
    4.5 Track Geometry Measurement System Market, By Country (2019)

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Presence of Various Standards and Regulations in Railway Industry
                    5.2.1.2 Use of Track Geometry Measurement Systems for Track Maintenance
                    5.2.1.3 Growth in Network of Metro Lines and High Speed Railway Lines
                    5.2.1.4 High Popularity of No Contact Track Geometry Measurement System
                    5.2.1.5 Deployment of Intelligent Techniques in Railways
           5.2.2 Restraints
                    5.2.2.1 Lack of Required Infrastructure
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Track Geometry Measurement Systems From Developing Countries
                    5.2.3.2 Development of High-Speed Railway Network in Us
           5.2.4 Challenges
                    5.2.4.1 Data Protection and Management
    5.3 Value Chain Analysis

6 Track Geometry Measurement System Market, By Measurement Type (Page No. - 42)
    6.1 Introduction
    6.2 Gauge
           6.2.1 Gauge to Hold Largest Share of TGMS Market
    6.3 Twist
           6.3.1 Twist Segment to Witness Significant Growth in TGMS Market
    6.4 Cant and Cant Deficiency
           6.4.1 APAC to Dominate TGMS Market for Cant and Cant Deficiency
    6.5 Vertical Profile
           6.5.1 Vertical Profile Segment to Witness Highest Growth in TGMS Market
    6.6 Curvature
           6.6.1 High-Speed Railways to Drive TGMS Market for Curvature
    6.7 Alignment
           6.7.1 APAC Drives TGMS Market for Alignment
    6.8 Dynamic Cross-Level
           6.8.1 High-Speed and Mass Transit Railways are Key Application Areas for Dynamic Cross-Level
    6.9 Dipped Joints
           6.9.1 APAC to Dominate TGMS Market for Dipped Joints
    6.10 Others

7 Track Geometry Measurement System Market, By Operation Type (Page No. - 56)
    7.1 Introduction
    7.2 No Contact
           7.2.1 Inertial Based
                    7.2.1.1 Suitability for Both High and Low Speed Measurement Boosts Growth of Inertial-Based TGMS
           7.2.2 Chord Based
                    7.2.2.1 Operability in Harsh Weather Conditions is A Key Factor Driving Growth of Chord-Based TGMS
    7.3 Contact
           7.3.1 High-Speed Railways is A Major Application Area for Contact-Based TGMS

8 Track Geometry Measurement System Market, By Railway Type (Page No. - 61)
    8.1 Introduction
    8.2 High-Speed Railways
           8.2.1 High-Speed Railways Holds Largest Share of TGMS Market
    8.3 Mass Transit Railways
           8.3.1 Mass Transit Railways to Witness Significant Growth in TGMS Market During Forecast Period
    8.4 Heavy Haul Railways
           8.4.1 High Demand for No Contact-Based TGMS Drives Growth of TGMS Market
    8.5 Light Railways
           8.5.1 APAC to Dominate TGMS Market for Light Railways

9 Track Geometry Measurement System Market, By Component (Page No. - 72)
    9.1 Introduction
    9.2 Software
           9.2.1 Software Segment to Dominate TGMS Market
    9.3 Lighting Equipment
           9.3.1 APAC to Drive TGMS Market Growth for Lighting Equipment
    9.4 Navigation Equipment
           9.4.1 Navigation Equipment Segment to Witness Significant Growth in TGMS Market During Forecast Period
    9.5 Communication Equipment
           9.5.1 Europe and APAC are Key Regions in TGMS Market for Communication Equipment
    9.6 Computer
           9.6.1 High-Speed Railways is A Key Application Area in TGMS Market for Computer Segment
    9.7 Camera
           9.7.1 Camera Segment to Grow at Highest Rate in TGMS Market During Forecast Period
    9.8 Data Storage
           9.8.1 APAC to Dominate TGMS Market for Data Storage During Forecast Period
    9.9 Power Supply Equipment
           9.9.1 Europe and APAC are Key Regions in TGMS Market for Power Supply Equipment
    9.10 Sensor
           9.10.1 Accelerometer
                    9.10.1.1 High-Speed and Mass Transit Railways are Key Application Areas in TGMS Market for Accelerometers
           9.10.2 Gyroscope
                    9.10.2.1 APAC to Dominate TGMS Market for Gyroscope

10 Track Video Inspection System Market (Page No. - 82)
     10.1 Introduction
     10.2 Rail Surface Inspection
     10.3 Track Component Inspection
     10.4 Joint Bar Inspection

11 Geographic Analysis (Page No. - 84)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Heavy Haul Railways Drives TGMS Market in the US
             11.2.2 Canada
                        11.2.2.1 Canada is Fastest-Growing Country in TGMS Market in North America
             11.2.3 Mexico
                        11.2.3.1 Increasing Spending Toward Railway Line Drives TGMS Market in Mexico
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 Germany to Hold Largest Share of TGMS Market in Europe
             11.3.2 UK
                        11.3.2.1 High-Speed Rail Projects Drive TGMS Market in UK
             11.3.3 France
                        11.3.3.1 Expansion of Metro Lines to Boost TGMS Market Growth in France
             11.3.4 Italy
                        11.3.4.1 High-Speed Railway Network Construction to Boost Demand for TGMS Market in Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
                        11.4.1.1 China to Hold Largest Share of TGMS Market in APAC
             11.4.2 Japan
                        11.4.2.1 High-Speed and Mass Transit Railways to Dominate TGMS Market in Japan
             11.4.3 India
                        11.4.3.1 Various Metro Rail Projects to Boost TGMS Market Growth in India
             11.4.4 Australia
                        11.4.4.1 Australia is Among Fastest-Growing Countries in APAC in TGMS Market
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 South America
                        11.5.1.1 South America to Hold Larger Share of TGMS Market in RoW
             11.5.2 Middle East and Africa
                        11.5.2.1 Upcoming Railway Projects in Middle East Countries to Boost TGMS Market Growth

12 Competitive Landscape (Page No. - 102)
     12.1 Overview
     12.2 Market Ranking Analysis, 2017
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Strength of Product Portfolio
     12.5 Business Strategy Excellence
     12.6 Competitive Situations and Trends
             12.6.1 Product Launches
             12.6.2 Contracts
             12.6.3 Acquisitions and Expansions

13 Company Profiles (Page No. - 109)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 Key Players
             13.1.1 Ensco
             13.1.2 Fugro
             13.1.3 MER MEC
             13.1.4 Balfour Beatty
             13.1.5 Plasser & Theurer
             13.1.6 Siemens
             13.1.7 R. Bance & Co.
             13.1.8 Bentley Systems
             13.1.9 Goldschmidt Thermit Group
             13.1.10 EGIS
     13.2 Other Companies
             13.2.1 DMA
             13.2.2 Deutzer Technische Kohle
             13.2.3 KZV, Spol. Sro
             13.2.4 Vista Instrumentation
             13.2.5 ZG Optique
             13.2.6 Harsco Corporation
             13.2.7 Trimble
             13.2.8 Amberg Technologies
             13.2.9 Rail Vision Europe
             13.2.10 Holland LP

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 136)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (65 Tables)

Table 1 TGMS Market, By Measurement Type, 2015–2024 (USD Million)
Table 2 TGMS Market for Gauge Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 3 TGMS Market for Gauge Measurement Type, By Region, 2015–2024 (USD Million)
Table 4 TGMS Market for Twist Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 5 TGMS Market for Twist Measurement Type, By Region, 2015–2024 (USD Million)
Table 6 TGMS Market for Cant and Cant Deficiency Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 7 TGMS Market for Cant and Cant Deficiency Measurement Type, By Region, 2015–2024 (USD Million)
Table 8 TGMS Market for Vertical Profile Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 9 TGMS Market for Vertical Profile Measurement Type, By Region, 2015–2024 (USD Million)
Table 10 TGMS Market for Curvature Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 11 TGMS Market for Curvature Measurement Type, By Region, 2015–2024 (USD Million)
Table 12 TGMS Market for Alignment Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 13 TGMS Market for Alignment Measurement Type, By Region, 2015–2024 (USD Million)
Table 14 TGMS Market for Dynamic Cross-Level Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 15 TGMS Market for Dynamic Cross-Level Measurement Type, By Region, 2015–2024 (USD Million)
Table 16 TGMS Market for Dipped Joints Measurement Type, By Railway Type, 2015–2024 (USD Million)
Table 17 TGMS Market for Dipped Joints Measurement Type, By Region, 2015–2024 (USD Million)
Table 18 TGMS Market for Other Measurement Types, By Railway Type, 2015–2024 (USD Million)
Table 19 TGMS Market for Other Measurement Types, By Region, 2015–2024 (USD Million)
Table 20 TGMS Market, By Operation Type, 2015–2024 (USD Million)
Table 21 TGMS Market for No Contact Operation Type, By Railway Type, 2015–2024 (USD Million)
Table 22 TGMS Market for Contact Operation Type, By Railway Type, 2015–2024 (USD Million)
Table 23 TGMS Market, By Railway Type, 2015–2024 (USD Million)
Table 24 TGMS Market for High-Speed Railways, By Region, 2015–2024 (USD Million)
Table 25 TGMS Market for High-Speed Railways, By Operation Type, 2015–2024 (USD Million)
Table 26 TGMS Market for High-Speed Railways, By Measurement Type, 2015–2024 (USD Million)
Table 27 TGMS Market for Mass Transit Railways, By Region, 2015–2024 (USD Million)
Table 28 TGMS Market for Mass Transit Railways, By Operation Type, 2015–2024 (USD Million)
Table 29 TGMS Market for Mass Transit Railways, By Measurement Type, 2015–2024 (USD Million)
Table 30 TGMS Market for Heavy Haul Railways, By Region, 2015–2024 (USD Million)
Table 31 TGMS Market for Heavy Haul Railways, By Operation Type, 2015–2024 (USD Million)
Table 32 TGMS Market for Heavy Haul Railways, By Measurement Type, 2015–2024 (USD Million)
Table 33 TGMS Market for Light Railways, By Region, 2015–2024 (USD Million)
Table 34 TGMS Market for Light Railways, By Operation Type, 2015–2024 (USD Million)
Table 35 TGMS Market for Light Railways, By Measurement Type, 2015–2024 (USD Million)
Table 36 TGMS Market, By Component, 2015–2024 (USD Million)
Table 37 TGMS Market for Software, By Region, 2015–2024 (USD Million)
Table 38 TGMS Market for Lighting Equipment, By Region, 2015–2024 (USD Million)
Table 39 TGMS Market for Navigation Equipment, By Region, 2015–2024 (USD Million)
Table 40 TGMS Market for Communication Equipment, By Region, 2015–2024 (USD Million)
Table 41 TGMS Market for Computer, By Region, 2015–2024 (USD Million)
Table 42 TGMS Market for Camera, By Region, 2015–2024 (USD Million)
Table 43 TGMS Market for Data Storage, By Region, 2015–2024 (USD Million)
Table 44 TGMS Market for Power Supply Equipment, By Region, 2015–2024 (USD Million)
Table 45 TGMS Market for Sensor, By Region, 2015–2024 (USD Million)
Table 46 TGMS Market, By Region, 2015–2024 (USD Million)
Table 47 TGMS Market in North America, By Country, 2015–2024 (USD Million)
Table 48 TGMS Market in North America, By Railway Type, 2015–2024 (USD Million)
Table 49 TGMS Market in North America, By Component, 2015–2024 (USD Million)
Table 50 TGMS Market in North America, By Measurement Type, 2015–2024 (USD Million)
Table 51 TGMS Market in Europe, By Country, 2015–2024 (USD Million)
Table 52 TGMS Market in Europe, By Railway Type, 2015–2024 (USD Million)
Table 53 TGMS Market in Europe, By Component, 2015–2024 (USD Million)
Table 54 TGMS Market in Europe, By Measurement Type, 2015–2024 (USD Million)
Table 55 TGMS Market in APAC, By Country, 2015–2024 (USD Million)
Table 56 TGMS Market in APAC, By Railway Type, 2015–2024 (USD Million)
Table 57 TGMS Market in APAC, By Component, 2015–2024 (USD Million)
Table 58 TGMS Market in APAC, By Measurement Type, 2015–2024 (USD Million)
Table 59 TGMS Market in RoW, By Country, 2015–2024 (USD Million)
Table 60 TGMS Market in RoW, By Railway Type, 2015–2024 (USD Million)
Table 61 TGMS Market in RoW, By Component, 2015–2024 (USD Million)
Table 62 TGMS Market in RoW, By Measurement Type, 2015–2024 (USD Million)
Table 63 Product Launches (2016–2017)
Table 64 Contracts (2016–2018)
Table 65 Acquisitions and Expansions (2016)


List of Figures (45 Figures)

Figure 1 Track Geometry Measurement System Market Segmentation
Figure 2 Process Flow: Track Geometry Measurement System Market Size Estimation
Figure 3 Track Geometry Measurement System Market: Research Design
Figure 4 Track Geometry Measurement System Market: Bottom-Up Approach
Figure 5 Track Geometry Measurement System Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 TGMS Market Size (2015–2024)
Figure 8 Gauge to Hold Largest Size of TGMS Market By 2024
Figure 9 TGMS Market, By Operation Type (2019 vs 2024): No Contact Segment to Hold Larger Market in 2019 and 2024
Figure 10 High-Speed Railways Held Largest Share in TGMS Market in 2018
Figure 11 Software Segment to Dominate TGMS Market During Forecast Period
Figure 12 APAC Accounted for Largest Share of TGMS Market in 2018
Figure 13 Increasing Adoption of Track Geometry Measurement Systems in APAC Driving Market Growth
Figure 14 Track Geometry Measurement System Market for No Contact Segment to Grow at Higher CAGR During Forecast Period
Figure 15 High-Speed Railways Segment to Hold Largest Share of Track Geometry Measurement System Market in Europe By 2024
Figure 16 Gauge to Hold Largest Size of Track Geometry Measurement System Market During Forecast Period
Figure 17 China to Hold Largest Share of Track Geometry Measurement System Market in 2019
Figure 18 Growing Network of Metro and High-Speed Railway Lines Drives Track Geometry Measurement System Market
Figure 19 Length of Metro Infrastructure (In Km), 2016 vs 2017
Figure 20 Value Chain Analysis: Major Value Addition During Component and Product Manufacturing Stage
Figure 21 Track Geometry Measurement System Market, By Measurement Type
Figure 22 Gauge Measurement Type to Hold Largest Size of TGMS Market By 2024
Figure 23 High-Speed Railways to Dominate TGMS Market for Vertical Profile Measurement Type
Figure 24 APAC to Dominate TGMS Market for Alignment Measurement Type By 2024
Figure 25 Track Geometry Measurement System Market, By Operation Type
Figure 26 No Contact Operation Type to Dominate TGMS Market By 2024
Figure 27 Track Geometry Measurement System Market, By Railway Type
Figure 28 High-Speed Railways to Dominate TGMS Market By 2024
Figure 29 No Contact Segment to Dominate TGMS Market for Mass Transit Railways
Figure 30 Track Geometry Measurement System Market, By Component
Figure 31 Software Segment to Hold Largest Size of TGMS Market By 2024
Figure 32 APAC to Dominate TGMS Market for Communication Equipment
Figure 33 APAC to Dominate TGMS Market for Sensor By 2024
Figure 34 Track Video Inspection System Market
Figure 35 Geographic Snapshot (2019–2024): TGMS Market to Witness Significant Growth in APAC Countries Such as Australia During Forecast Period
Figure 36 North America: TGMS Market Snapshot
Figure 37 Europe: TGMS Market Snapshot
Figure 38 APAC: TGMS Market Snapshot
Figure 39 Ranking of Key Players in TGMS Market (2017)
Figure 40 Track Geometry Measurement System Market (Global) Competitive Leadership Mapping, 2017
Figure 41 Fugro: Company Snapshot
Figure 42 Balfour Beatty: Company Snapshot
Figure 43 Siemens: Company Snapshot
Figure 44 Bentley Systems: Company Snapshot
Figure 45 EGIS: Company Snapshot

The study involved 4 major activities to estimate the current market size for track geometry measurement system (TGMS). Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include railway journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the TGMS market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.

Track Geometry Measurement System Market

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the TGMS market and other dependent submarkets listed in this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides in industrial and nonindustrial verticals.

Report Objectives

The following are the major objectives of the study.

  • To describe and forecast the track geometry measurement system market, in terms of value, by measurement type, operation type, railway type, and component
  • To describe and forecast the track geometry measurement system market, 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 provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total 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
  • 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 

Scope of the Report

Report Metric

Details

Market size available for years

2015–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Measurement Type, Operation Type, Railway Type, Component, and Region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), and Plasser & Theurer (Austria), among others (total 20 players are covered).

This research report categorizes the TGMS market based on technology, scanning type, application, vertical, and region.

TGMS Market, by Measurement Type

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

TGMS Market, by Operation Type

  • No Contact
  • Contact

TGMS Market, by Railway Type

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

TGMS Market, by Componen

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

TGMS Market, by Geography

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, Italy, and Rest of Europe)
  • APAC (China, Japan, Australia, India, and Rest of APAC)
  • RoW (South America, and the Middle East and Africa)

Available Customizations

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

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 4739
Published ON
Jan, 2019
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