The Latin America, Middle East and Africa Track Geometry Measurement System Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
One of the principal driving forces behind the track geometry measurement system market is a number of technological advancements in the sector. For example, rail corrugation measuring systems based on laser technology are ideally suited for high-speed trains. To lessen the noise made during transit, the tracks' corrugation is measured.
Typically, there is a 7 dB increase in noise. The rail corrugation measurement systems often evaluate the tracks section by section, assisting in effective planning for replacement. Additionally, the TGMS market has seen a general increase due to the rise in railroad accidents caused by factors like faulty tracks, derailments, unsafe railroad crossings, and stranded cars on the tracks. Trains can frequently be derailed if the rails are not properly maintained. These elements promote market expansion.
Similarly, in the Kingdom of Saudi Arabia, a modern rail network connecting all of the kingdom's provinces is being built by the government for a cost of more than $90 billion by 2040. To enable quick urbanization and growth, these public transportation mega-projects will get over obstacles and blockades that the Saudi Arabian region is currently experiencing. Some major projects that aim to facilitate the region's progress include Saudi Railway Master Plan, GCC Railway Project, and Riyadh and Jeddah Metro. Other projects include Al Mashaaer Al Mugaddassah Metro, Haramain High-Speed Rail Project, and Doha Metro. Such widespread railway construction and expansion projects throughout the region are immensely increasing the demand for TGMS and hence, accelerating the growth of the track geometry measurement system market.
The Brazil market dominated the LAMEA 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 $69.7 Million by 2028. The Argentina market is exhibiting a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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).
One of the principal driving forces behind the track geometry measurement system market is a number of technological advancements in the sector. For example, rail corrugation measuring systems based on laser technology are ideally suited for high-speed trains. To lessen the noise made during transit, the tracks' corrugation is measured.
Typically, there is a 7 dB increase in noise. The rail corrugation measurement systems often evaluate the tracks section by section, assisting in effective planning for replacement. Additionally, the TGMS market has seen a general increase due to the rise in railroad accidents caused by factors like faulty tracks, derailments, unsafe railroad crossings, and stranded cars on the tracks. Trains can frequently be derailed if the rails are not properly maintained. These elements promote market expansion.
Similarly, in the Kingdom of Saudi Arabia, a modern rail network connecting all of the kingdom's provinces is being built by the government for a cost of more than $90 billion by 2040. To enable quick urbanization and growth, these public transportation mega-projects will get over obstacles and blockades that the Saudi Arabian region is currently experiencing. Some major projects that aim to facilitate the region's progress include Saudi Railway Master Plan, GCC Railway Project, and Riyadh and Jeddah Metro. Other projects include Al Mashaaer Al Mugaddassah Metro, Haramain High-Speed Rail Project, and Doha Metro. Such widespread railway construction and expansion projects throughout the region are immensely increasing the demand for TGMS and hence, accelerating the growth of the track geometry measurement system market.
The Brazil market dominated the LAMEA 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 $69.7 Million by 2028. The Argentina market is exhibiting a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Track Geometry Measurement System Market, by Component
1.4.2 LAMEA Track Geometry Measurement System Market, by Operation
1.4.3 LAMEA Track Geometry Measurement System Market, by Railway Type
1.4.4 LAMEA 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. LAMEA Track Geometry Measurement System Market by Component
3.1 LAMEA Hardware Market by Country
3.2 LAMEA Software Market by Country
3.3 LAMEA Services Market by Country
Chapter 4. LAMEA Track Geometry Measurement System Market by Operation
4.1 LAMEA Contact Market by Country
4.2 LAMEA Contactless Market by Country
Chapter 5. LAMEA Track Geometry Measurement System Market by Railway Type
5.1 LAMEA Mass Transit Railways Market by Country
5.2 LAMEA High-Speed Railways Market by Country
5.3 LAMEA Heavy Haul Railways Market by Country
5.4 LAMEA Light Railways Market by Country
Chapter 6. LAMEA Track Geometry Measurement System Market by Country
6.1 Brazil Track Geometry Measurement System Market
6.1.1 Brazil Track Geometry Measurement System Market by Component
6.1.2 Brazil Track Geometry Measurement System Market by Operation
6.1.3 Brazil Track Geometry Measurement System Market by Railway Type
6.2 Argentina Track Geometry Measurement System Market
6.2.1 Argentina Track Geometry Measurement System Market by Component
6.2.2 Argentina Track Geometry Measurement System Market by Operation
6.2.3 Argentina Track Geometry Measurement System Market by Railway Type
6.3 UAE Track Geometry Measurement System Market
6.3.1 UAE Track Geometry Measurement System Market by Component
6.3.2 UAE Track Geometry Measurement System Market by Operation
6.3.3 UAE Track Geometry Measurement System Market by Railway Type
6.4 Saudi Arabia Track Geometry Measurement System Market
6.4.1 Saudi Arabia Track Geometry Measurement System Market by Component
6.4.2 Saudi Arabia Track Geometry Measurement System Market by Operation
6.4.3 Saudi Arabia Track Geometry Measurement System Market by Railway Type
6.5 South Africa Track Geometry Measurement System Market
6.5.1 South Africa Track Geometry Measurement System Market by Component
6.5.2 South Africa Track Geometry Measurement System Market by Operation
6.5.3 South Africa Track Geometry Measurement System Market by Railway Type
6.6 Nigeria Track Geometry Measurement System Market
6.6.1 Nigeria Track Geometry Measurement System Market by Component
6.6.2 Nigeria Track Geometry Measurement System Market by Operation
6.6.3 Nigeria Track Geometry Measurement System Market by Railway Type
6.7 Rest of LAMEA Track Geometry Measurement System Market
6.7.1 Rest of LAMEA Track Geometry Measurement System Market by Component
6.7.2 Rest of LAMEA Track Geometry Measurement System Market by Operation
6.7.3 Rest of LAMEA 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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