The global rail gangways market is predicted to amass a revenue of US$ 634.0 million by 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.
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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However, the market is slated to grow at a restored and moderate CAGR of 5.1% from 2022 to 2028. The swiftly developing high-speed rail network and expanding fleet of metro trains spearhead the growth of the rail gangways market during this period of observation.
Rail gangways are a means of passage for the passenger to communicate from one compartment to another. The market for rail gangways is mainly shaped by the concern for the safety and security of passengers. Manufacturers install gangway doors between rail gangways and use fire-resistant material for the manufacturing of rail gangways and gangway doors to ensure safety and prevent any kind of accidents. In case of any mishap, the gangway doors shut down through a sliding mechanism, and prevent an escalation of accidents like a fire outbreak
Globally, governments are increasing their investments in large-scale transportation and infrastructures like bullet trains and high-speed rails so as to enhance their transportation industry. In addition to this, the advancing high-speed rail system and a growing fleet of metro trains ensure the expansion of the rail gangways market over the next couple of years. The heavy investments in the development of railways and new metro rail projects will drive the growth of the rail gangways during 2022 and 2028.
The growing emphasis on passenger comfort and faster transport are inducing greater investment in the transportation sector which, in turn, is used to boost the transport infrastructure including high-speed rails and bullet trains. Investments in railways will directly raise the demand for gangways and strengthen the market prospects of rail gangways. Emerging nations like India and Brazil are initiating several programs and investing heavily in transportation sectors which will have a positive impact on the growth of the rail gangways market.
Favorable government policies and schemes, the development of evolved railway infrastructure, smart railways, the adoption of advanced technology in trams and metros, and many other factors stimulate the growth of the rail gangways market during the assessment period.
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.
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.
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
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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