San Francisco, California, November 03, 2017: A recent business and commerce study by TMR Research has projected that the demand in the global track geometry measurement system (TGMS) market will increment at a notable CAGR during the forecast period of 2017 to 2025. This prosperity of the TGMS market will primarily be a reflection increasing need for safety and security in railway transport, especially in the emerging economies. The report, titled “Track Geometry Measurement System Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” has been developed by a group of professional and experienced market research analysts and aspires to serve as a reliable business tool for its targeted audiences such as component and equipment suppliers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), installers and maintenance service providers, component integrators, and technology providers.
The report is a summation of an overview of the current scenario of the market, provides in-depth analysis of all market dynamics such as trends, drivers, and restraints, segments the market into smaller aspects, gauges the potential of various regions and countries, and profiles some of the key players of the global track geometry measurement system market to represent the competitive landscape.
As per the findings of the report, a vast population base in emerging economies such as India and China commute via railways. As the two countries are widespread in terms of landscape, there is a strong need for measures that ensure safety and security of the travelers. Most of the emerging economies are also investing heavily on improving their railway network as well as starting metro lines for their urban populations, which not only helps in generating revenue for the federal and state governments but also is in-sync with environmental concerns caused by individual vehicles. Increasing adoption and deployment of intelligent techniques in railways, growing requirement for public and private partnerships (PPP), and availability of diverse services and solutions are expected to open new opportunities in the global track geometry measurement system market. On the other hand, slowness of the infrastructural growth in various promising developing countries and the need to protect the data produced by measuring devices are a few challenging factors that the vendors must overcome to garner maximum out of this market.
Based on measurement type, the global track geometry measurement system market can be segmented into track gauge, twist, cant and cant deficiency, vertical profile, curvature, alignment, dipped joints, dynamic cross-level, and others including cyclic top and inclination. On the basis of component, the market for track geometry measurement system can be bifurcated into lighting equipment, software, navigation equipment, computer, communication equipment, data storage, camera, sensor, and power supply equipment. Geographically, the report aspires to understand the potential demand for track geometry measurement system in every important region and country, such as Asia Pacific including India, China, Malaysia, Thailand, and Japan, North America including the U.S. and Canada, and Europe including France, Germany, and the U.K.
During the course of the forecast period, the Asia Pacific region is expected to provide for the maximum demand in the global track geometry measurement system market, chiefly driven by rapid expansion of high-speed rails and development of subways and mass transit systems in several APAC countries. In 2007, high-speed rail service was introduced in China, and within a decade, it has grown into the world’s longest high-speed railway network.
As far as the competitive landscape is concerned, the market for track geometry measurement system is moderately consolidated among a few prominent players, such as Ensco, Inc., R. Bance & Co., Ltd., MER MEC S.p.A., Fugro, Balfour Beatty, Plasser & Theurer, Egis, MRX Technologies, Bentley Systems, Inc., and Goldschmidt Thermit Group.
Get Sample Brochure of this Report Study