Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 88 million | USD 116 million | 3.48% | 2022 |
FrequentlyAsked Questions
Rail welding machines are used to weld rail tracks & turnout joints. These machines are majorly based on flash-butt welding technology. Other welding methods include gas pressure welding, enclosed arc welding, aluminothermic welding, etc. Mobile & stationary welding machines are used to perform rail welding tasks.
The global rail welding machines market cap may grow owing to the rising demand from the rising investment in the expansion of railway routes. Significant growth opportunities can be expected due to the technological advancement of rail welding machines.
According to study, the global rail welding machines market size was worth around USD 88 million in 2022 and is predicted to grow to around USD 116 million by 2030.
The CAGR value of the rail welding machines market is expected to be around 3.48% during 2023-2030.
The global rail welding machines market growth is expected to be driven by Asia Pacific. It is currently the world’s highest revenue-generating market owing to the presence of a huge conventional & high-speed railway network.
The global rail welding machines market is led by players like BAIDIN GMBH, Caterpillar, Chengdu Aigre Technology Co. Ltd., CJSC Pskovelektrosvar, Contrail, CRRC Corporation Limited, Geismar, Holland, L.P., KZESO PrJSC, Mirage Ltd, Pandrol, Plasser & Theurer, Schlatter Industries AG, VAIA CAR S.p.A., VFC Engineering S.A.S., Vossloh, and Welding Alloys.
The report analyzes the global rail welding machines market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the rail welding machines industry.
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