Global Rail Gangway Market, By Product Type (Single Piece Gangway, Two Piece Gangway), Material Type (Steel, Aluminium, Alloys, Composites), Train Type (Passenger Train, Metro/Subway Train, High Speed Train, Special Train) – Industry Trends and Forecast to 2031.
Rail Gangway Market Analysis and Size
Rise in the rapid expansion of the metro network is a crucial factor accelerating the market growth, also increase in the passenger transportation through railways and growing urbanization across the globe are the major factors among others boosting the rail gangways market. Moreover, rise in the research and development activities in the market will further create new opportunities for rail gangways market in the forecast period mentioned above.
Data Bridge Market Research analyzes that the global rail gangway market, which was USD 560.30 million in 2023, is likely to reach up to USD 846.9 million by 2031 and is expected to undergo a CAGR of 5.30% during the forecast period. “Single Piece Gangway” dominates the product type segment of the Rail Gangway market owing to the high demand of this type in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Single Piece Gangway, Two Piece Gangway), Material Type (Steel, Aluminum, Alloys, Composites), Train Type (Passenger Train, Metro/Subway Train, High Speed Train, Special Train)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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HÜBNER GmbH & Co. KG (Germany), Narita Mfg., Ltd (U.S.), Airflow Equipments (India) PVT. Limited (India), Dellner Couplers AB (Switzerland), Schliess- und Sicherungssysteme GmbH (Germany), HUTCHINSON (U.S.), ATG Autotechnik GmbH (Germany), Bellow & Bus (Pty) Ltd (China)
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Market Opportunities
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Market Definition
A gangway connection is defined as a flexible connector build to the end of a railway coach, which enables passengers to move from one coach to another coach. The need for movement from one coach to another coach is the increasing demand for the rail gangways that influence the growth of the rail gangways market.
Rail Gangway Market Dynamics
Drivers
- Increasing investments by data center companies in hyper-scale data centers
Various data center companies have invested highly in hyper-scale data centers, which will be expected to generate lucrative market growth opportunities. Last year, Equinix announced plans to construct around 32 hyper-scale data centers in a few major markets in Europe. With a total capacity of around 600 megawatts and above USD 6.9 billion in investment, the company goals to gain a better position in the rising landscape of hyper-scale data centers. Such growth in the region's data centers will increase the demand for the region's HCI market.
- Increasing demand for data security
A growing number of remote workers has generated new security challenges for businesses during the forecast period. Rail gangway provides a scalable and secure infrastructure for these services, which supports businesses to protect their data and decrease cyberattack risks. Overall, the growing demand for data security in businesses is a major factor likely to drive the growth of the market.
Opportunities
- Multiple advantages associated with Rail Gangway
Organizations need storage performance that is fast and reliable. Rail Gangway offers safe and secure infrastructure. Rail Gangway consolidates resources, streamlines management, and lowers costs by integrating networking and computation into a single system. These advantages have led to the augmented adoption of Rail Gangway in many enterprises. As a result, the demand for Rail Gangway increases, likely enhancing market growth.
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Growing acceptance of cloud platforms for businesses
The increasing acceptance of cloud platforms for businesses, mainly in developing countries, is expected to increase the market growth in Asia-Pacific. The increasing adoption of digital technology for customer engagement is growing the company's focus on business expansion and developing new products.
Restraints/Challenges
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Increasing limitations on Rail Gangway standards
Growing limitations on rail gangway standards are expected to obstruct the market's growth during the forecast period. For instance, problems with cloud compatibility and scalability can create major problems for organizations or enterprises that want to deploy rail gangway systems.
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High cost associated with implementation
Rail gangway products normally carry a premium price tag because there is no integrated interoperability between seller offerings. Aggregated nodes can enforce undesirable capital charges for resources that might not all be required. Furthermore, maintenance contract and software licensing costs can increase recurring Rail Gangway costs. These factors will hamper the market growth.
This rail gangway market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rail gangway market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In November 2020, Hitachi ABB Power Grids announced that they had signed a 5-year contract with Dubai Electricity and Water Authority (DEWA) to provide energy solutions. Under this agreement, the company will supply, install, test, and commission 15 new substations and refurbish and upgrade 18 existing substations across Dubai. Thus, the company will supply its MicroSCADA solution helping to protect, control, measure, and supervise power systems
Global Rail Gangway Market Scope
The Rail Gangway market is segmented on the basis of product type, material type, and train type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Single Piece Gangway
- Two Piece Gangway
Material Type
- Steel
- Aluminum
- Alloys
- Composites
Train Type
- Passenger Train
- Metro/Subway Train
- High Speed Train
- Special Train
Global Rail Gangway Market Regional Analysis/Insights
The rail gangway market is analyzed and market size insights and trends are provided by country, product type, material type and train type as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the strong base of automotive facilities and the strong presence of major players in the market.
Asia-Pacific is expected to witness significant growth during the forecast period due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Rail Gangway Market Share Analysis
The rail gangway market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rail gangway market.
Some of the major players operating in the rail gangway market are:
- HÜBNER GmbH & Co. KG (Germany)
- Narita Mfg., Ltd (U.S.)
- Airflow Equipments (India) PVT. Limited (India)
- Dellner Couplers AB (Switzerland)
- Schliess- und Sicherungssysteme GmbH (Germany)
- HUTCHINSON (U.S.)
- ATG Autotechnik GmbH (Germany)
- Bellow & Bus (Pty) Ltd (China)
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