The Europe Track Geometry Measurement System Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The development of evaluation cars and automated maintenance, as well as the rise of measurement systems with lasers, makes it possible to operate with minimum human help.
These also provide exact data and communicate any faults or deformations present in the tracks to the relevant department. The use of track geometry measurement systems is also expanding due to the real-time data delivery through GPS that is precise and uninterrupted. The requirement to integrate various track geometry measuring solutions in order to comply with a diverse range of rail industry norms and legislation is one of the key factors driving the adoption of TGMS.
Other factors propelling the TGMS market include the implementation of the system for track maintenance as well as the expanding network of high-speed and metro trains. Additionally, because of the high rate of acceptance, TGMS manufacturers have improved the accuracy, durability, and compactness of these systems, which is anticipated to boost their sales even more.
Many nations are making investments in technologies that have the potential to lessen their carbon impact. The need for railroad transportation is growing as a result of these developing nations' shifting attitudes, which in turn raises the demand for track geometry measurement systems. In addition, the European Union has recently boosted its Regional Development Fund in order to expand the 715 km long high-speed line between Madrid and Lisbon. The demand for track geometry measurement system has recently increased due to such advancements in Europe.
The Germany market dominated the Europe Track Geometry Measurement System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $291.6 Million by 2028. The UK market is anticipated to grow at a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.3% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Operation, the market is segmented into Contact and Contactless. Based on Railway Type, the market is segmented into Mass Transit Railways, High-Speed Railways, Heavy Haul Railways, and Light Railways. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Balfour Beatty Plc, Bentley Systems, Inc., Egis Group, Fugro N.V., Trimble, Inc., ENSCO, Inc., E.S.I.M. Group, Plasser & Theurer, and MER MEC S.p.A. (Angel Company).
The development of evaluation cars and automated maintenance, as well as the rise of measurement systems with lasers, makes it possible to operate with minimum human help.
These also provide exact data and communicate any faults or deformations present in the tracks to the relevant department. The use of track geometry measurement systems is also expanding due to the real-time data delivery through GPS that is precise and uninterrupted. The requirement to integrate various track geometry measuring solutions in order to comply with a diverse range of rail industry norms and legislation is one of the key factors driving the adoption of TGMS.
Other factors propelling the TGMS market include the implementation of the system for track maintenance as well as the expanding network of high-speed and metro trains. Additionally, because of the high rate of acceptance, TGMS manufacturers have improved the accuracy, durability, and compactness of these systems, which is anticipated to boost their sales even more.
Many nations are making investments in technologies that have the potential to lessen their carbon impact. The need for railroad transportation is growing as a result of these developing nations' shifting attitudes, which in turn raises the demand for track geometry measurement systems. In addition, the European Union has recently boosted its Regional Development Fund in order to expand the 715 km long high-speed line between Madrid and Lisbon. The demand for track geometry measurement system has recently increased due to such advancements in Europe.
The Germany market dominated the Europe Track Geometry Measurement System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $291.6 Million by 2028. The UK market is anticipated to grow at a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.3% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Operation, the market is segmented into Contact and Contactless. Based on Railway Type, the market is segmented into Mass Transit Railways, High-Speed Railways, Heavy Haul Railways, and Light Railways. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Balfour Beatty Plc, Bentley Systems, Inc., Egis Group, Fugro N.V., Trimble, Inc., ENSCO, Inc., E.S.I.M. Group, Plasser & Theurer, and MER MEC S.p.A. (Angel Company).
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Operation
- Contact
- Contactless
By Railway Type
- Mass Transit Railways
- High-Speed Railways
- Heavy Haul Railways
- Light Railways
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Balfour Beatty Plc
- Bentley Systems, Inc
- Egis Group
- Fugro N.V
- Trimble, Inc
- ENSCO, Inc
- E.S.I.M. Group
- Plasser & Theurer
- MER MEC S.p.A. (Angel Company)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Track Geometry Measurement System Market, by Component
1.4.2 Europe Track Geometry Measurement System Market, by Operation
1.4.3 Europe Track Geometry Measurement System Market, by Railway Type
1.4.4 Europe Track Geometry Measurement System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Track Geometry Measurement System Market by Component
3.1 Europe Hardware Market by Country
3.2 Europe Software Market by Country
3.3 Europe Services Market by Country
Chapter 4. Europe Track Geometry Measurement System Market by Operation
4.1 Europe Contact Market by Country
4.2 Europe Contactless Market by Country
Chapter 5. Europe Track Geometry Measurement System Market by Railway Type
5.1 Europe Mass Transit Railways Market by Country
5.2 Europe High-Speed Railways Market by Country
5.3 Europe Heavy Haul Railways Market by Country
5.4 Europe Light Railways Market by Country
Chapter 6. Europe Track Geometry Measurement System Market by Country
6.1 Germany Track Geometry Measurement System Market
6.1.1 Germany Track Geometry Measurement System Market by Component
6.1.2 Germany Track Geometry Measurement System Market by Operation
6.1.3 Germany Track Geometry Measurement System Market by Railway Type
6.2 UK Track Geometry Measurement System Market
6.2.1 UK Track Geometry Measurement System Market by Component
6.2.2 UK Track Geometry Measurement System Market by Operation
6.2.3 UK Track Geometry Measurement System Market by Railway Type
6.3 France Track Geometry Measurement System Market
6.3.1 France Track Geometry Measurement System Market by Component
6.3.2 France Track Geometry Measurement System Market by Operation
6.3.3 France Track Geometry Measurement System Market by Railway Type
6.4 Russia Track Geometry Measurement System Market
6.4.1 Russia Track Geometry Measurement System Market by Component
6.4.2 Russia Track Geometry Measurement System Market by Operation
6.4.3 Russia Track Geometry Measurement System Market by Railway Type
6.5 Spain Track Geometry Measurement System Market
6.5.1 Spain Track Geometry Measurement System Market by Component
6.5.2 Spain Track Geometry Measurement System Market by Operation
6.5.3 Spain Track Geometry Measurement System Market by Railway Type
6.6 Italy Track Geometry Measurement System Market
6.6.1 Italy Track Geometry Measurement System Market by Component
6.6.2 Italy Track Geometry Measurement System Market by Operation
6.6.3 Italy Track Geometry Measurement System Market by Railway Type
6.7 Rest of Europe Track Geometry Measurement System Market
6.7.1 Rest of Europe Track Geometry Measurement System Market by Component
6.7.2 Rest of Europe Track Geometry Measurement System Market by Operation
6.7.3 Rest of Europe Track Geometry Measurement System Market by Railway Type
Chapter 7. Company Profiles
7.1 Siemens AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Balfour Beatty Plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Bentley Systems, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Egis Group
7.4.1 Company Overview
7.4.2 Financial Analysis
7.5 Fugro N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Trimble, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 ENSCO, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Acquisition and Mergers:
7.8 E.S.I.M. Group
7.8.1 Company Overview
7.9 Plasser & Theurer
7.9.1 Company Overview
7.10. MER MEC S.p.A. (Angel Company)
7.10.1 Company Overview
Companies Mentioned
- Siemens AG
- Balfour Beatty Plc
- Bentley Systems, Inc.
- Egis Group
- Fugro N.V.
- Trimble, Inc.
- ENSCO, Inc.
- E.S.I.M. Group
- Plasser & Theurer
- MER MEC S.p.A. (Angel Company)
Methodology
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