The global rail gangways market is predicted to amass a revenue of US$ 634.0 million in 2028, scaling up from an estimated US$ 470.7 million in 2022. Historically, the market registered a slow CAGR of 3.9% from 2013 to 2021 and reached US$ 448.4 million by 2021. However, the market is slated to grow at a restored and moderate CAGR of 5.1% from 2022 to 2028. During this period of observation, the rail gangways market has grown significantly due in large part to the rapidly increasing high-speed rail network and the fleet of metro trains.
Passengers use rail gangways as a mode of communication as they move from one compartment to another. The concern for the safety and security of passengers has a significant impact on the market for train gangways. To maintain safety and prevent any form of mishaps, manufacturers put gangway doors between rail gangways and make both the rail gangways and the gangway doors out of fire-resistant material. The gangway doors have a sliding mechanism that closes them in case of an accident, stopping potential problems like a fire from getting worse.
In order to improve their transportation industries, governments around the world are expanding their investments in large-scale transportation and infrastructure, such as bullet trains and high-speed rails. Additionally, an expanding fleet of metro trains and the development of the high-speed rail network guarantee the growth of the rail gangways industry over the ensuing few years. Between 2022 and 2028, the expansion of train gangways will be fueled by significant expenditures in new metro rail projects and the development of railways.
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Greater investments in the transportation sector, which are then used to improve the transportation infrastructure, including high-speed railroads and bullet trains, are being driven by the increased emphasis on passenger comfort and speedier travel. The demand for gangways will increase as a direct result of railway investments, which will also improve the gangways’ market prospects. Emerging nations like India and Brazil are starting several programmes and investing a lot in the transportation industry, which would help the rail gangways market expand.
During the assessment period, the rail gangways market is expected to rise due to favourable government policies and programmes, the development of modern railway infrastructure, smart railroads, the use of cutting-edge technology in trams and metros, among other factors.
Key Takeaways:
- The market demand for rail gangways will grow at a CAGR of 4.6% in Western Europe.
- Germany will continue to lead the market in Europe, accounting for 25% of the market share in 2022.
- In 2022, the rail gangways market in the US held about 82% share of the North American market.
- Railway network expansion programs will drive market growth in China.
- By product type, two-piece gangways segment held about 78.6% share in 2022 as these receive an extensive application in densely populated countries.
- Based on material, the aluminum category will dominate the global marketplace owing to greater demand for lightweight materials.
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Competitive Landscape
Hubner GmbH & Co. KG, Airflow Equipments (India) Pvt. Limited, Dellner Couplers AB, Hutchinson Paulstra, Narita Mfg. Ltd., and Bellow and Bus (Pty) Ltd, among others, are some of the leading players in the rail gangways market profiled in the full version of the report.
Key market players are focusing on enhancing the efficiency of rail gangways. These businesses also adopt strategies like partnerships, mergers, and acquisitions to gain a competitive advantage.
Rail Gangways Market by Category
By Product Type:
- Single Piece Gangways
- Two Piece Gangways
By Material Type:
- Steel
- Aluminum
- Alloys
- Composites
By Train Type:
- Passenger train
- Metro/Subway train
- High speed train
- Special train
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia & Pacific
- Middle East and Africa
- China
- Japan
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More Insights into Rail Gangways Market
FMI offers the latest, detailed, and unbiased analysis of the global rail gangways market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, material type, train type, and region.
According to FMI’s reports, based on segmentation, the aluminum material segment will dominate the global marketplace due to increasing demand for lightweight material. In terms of product type, the two-piece gangways will gain traction in the upcoming years. Based on region, the rail gangways market in Europe, particularly Western Europe, will present impressive growth. Western Europe dominated the market in 2022 on the basis of revenue and will continue to display similar growth with a CAGR of 4.6%. This is because of the expansion of rail infrastructure in Germany. Other countries like the US, China, India, and Brazil will also aid the global growth of the rail gangways market during the forecast period.
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