Progression of High Speed Railways fosters Demand in Track Geometry Measurement System Market

The track geometry measurement system market is rising steadily and is poised to continue to do so in the future. At present, technology is making inroads aiding expansion of rail networks that serves as an economic means of transportation in several parts of the world. However, expanding rail networks that are used to transport millions of passengers every year need to undergo required safety and quality checks to prevent mishaps and accidents. This is what track geometry measurement systems do.

Essentially, track geometry measurement system is used to gauge railway track conditions. Track geometry measurement system provides precise information of track conditions to schedule short-term as well as long-term maintenance. Such insights of rail track conditions play a crucial role to prevent rail accidents during service.

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In developing countries, government plans for development of economic and safe means of transportation is resulting in progression of high speed railways. High speed railways undergoes several layers of quality checks at various stages for minimal risk of accidents or breakdown during service.

As such, Asia Pacific is predicted to display robust growth in the geometry track measurement system market in the forthcoming years. Rapid economic development in countries such as China and India, wherein expansion of rail networks is an important element holds promise for the growth of geometry track measurement system market in the region.

In developed countries, hefty investments for repairs of old railway networks is indirectly benefitting vendors in the track geometry measurement system market. The contract between Transport of London and Balfour Beatty for renewal of London Underground track is a case in point. Such initiatives fosters growth of track geometry measurement system market in developed countries.

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Among a slew of configurations in the track geometry measurement system market, inertial-based track geometry measurement system is rising in popularity mainly because of its compactness and lightweight. This, along with accurate evaluation of rail track geometry is leading to increasing adoption of inertial-based track geometry measurement systems.

APAC in Focus for Players in Track Geometry Measurement System Market

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.

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