Feb 15, 2019   SOURCE: PR NewsWire

Global Track Geometry Measurement System Market 2019-2024 - Growth in Network of Metro Lines and High-Speed Railway Lines

DUBLIN, Feb. 15, 2019 /PRNewswire/ --

The "Track Geometry Measurement System Market by Measurement Type, Operation Type, Railway Type, Component, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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The TGMS Market is Expected to Grow at a CAGR of 6.00% from 2019 to 2024, to Reach USD 3.7 Billion by 2024 from USD 2.8 Billion in 2019

The track geometry measurement system (TGMS) ensures rail safety by employing various measuring equipment to record railway track geometry conditions. The system is a combination of hardware and software components that derive track geometry parameters. It identifies track geometry anomalies and records the track data. By viewing and analyzing the recorded data, construction and maintenance decisions are taken. Accurate and reliable track geometry data is required for cost-effective track construction, maintenance, and operational safety.

The TGMS market has been segmented on the basis of measurement types, operation types, railway types, components, and regions. On the basis of measurement type, the TGMS market has been segmented into the gauge, twist, cant and cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, dipped joints, and others. On the basis of operation types, the TGMS market has been segmented into no contact and contact. Track geometry measurement systems find use in various railway types including high-speed railways, mass transit railways, light railways, and heavy haul railways. Software, lighting equipment, navigation equipment, communication equipment, computer, camera, data storage, power supply equipment, and sensors are the main components of the track geometry measurement system.

The value chain of the track geometry measurement system market comprises research and development, component providers, original design manufacturers, technology providers, and post-sale services. Among all, component manufacturers, original design manufacturers, and technology providers are the major contributors to the market value chain.

Presence of various standards and regulations in the railway industry and the need for track geometry measurement systems to meet those standards are among the key driving factors for the TGMS market. Adopting track geometry measurement systems for track maintenance and growing network of metro lines and high-speed railway lines are among the other factors fueling the growth of the TGMS market.

However, the lack of required infrastructure can hinder the growth of the TGMS market.ENSCO, Inc. (ENSCO, US), Fugro (Fugro, Netherlands), MER MEC S.p.A. (MER MEC, Italy), Balfour Beatty plc (Balfour Beatty, UK), and Plasser & Theurer (Plasser & Theurer, Austria) are among the key players operating in the TGMS market. The contract was the most adopted strategy of the overall growth strategies adopted by the key players operating in the market from 2016 to 2018.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Track Geometry Measurement System Market
4.2 Track Geometry Measurement System Market, By Operation Type
4.3 Track Geometry Measurement System Market in Europe, By Country and Railway Type
4.4 Track Geometry Measurement System Market, By Measurement Type
4.5 Track Geometry Measurement System Market, By Country (2019)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Presence of Various Standards and Regulations in Railway Industry
5.2.1.2 Use of Track Geometry Measurement Systems for Track Maintenance
5.2.1.3 Growth in Network of Metro Lines and High-Speed Railway Lines
5.2.1.4 High Popularity of No Contact Track Geometry Measurement System
5.2.1.5 Deployment of Intelligent Techniques in Railways
5.2.2 Restraints
5.2.2.1 Lack of Required Infrastructure
5.2.3 Opportunities
5.2.3.1 Growing Demand for Track Geometry Measurement Systems From Developing Countries
5.2.3.2 Development of High-Speed Railway Network in Us
5.2.4 Challenges
5.2.4.1 Data Protection and Management
5.3 Value Chain Analysis

6 Track Geometry Measurement System Market, By Measurement Type
6.1 Introduction
6.2 Gauge
6.2.1 Gauge to Hold Largest Share of TGMS Market
6.3 Twist
6.3.1 Twist Segment to Witness Significant Growth in TGMS Market
6.4 Cant and Cant Deficiency
6.4.1 APAC to Dominate TGMS Market for Cant and Cant Deficiency
6.5 Vertical Profile
6.5.1 Vertical Profile Segment to Witness Highest Growth in TGMS Market
6.6 Curvature
6.6.1 High-Speed Railways to Drive TGMS Market for Curvature
6.7 Alignment
6.7.1 APAC Drives TGMS Market for Alignment
6.8 Dynamic Cross-Level
6.8.1 High-Speed and Mass Transit Railways are Key Application Areas for Dynamic Cross-Level
6.9 Dipped Joints
6.9.1 APAC to Dominate TGMS Market for Dipped Joints
6.10 Others

7 Track Geometry Measurement System Market, By Operation Type
7.1 Introduction
7.2 No Contact
7.2.1 Inertial Based
7.2.1.1 Suitability for Both High and Low Speed Measurement Boosts Growth of Inertial-Based TGMS
7.2.2 Chord Based
7.2.2.1 Operability in Harsh Weather Conditions is A Key Factor Driving Growth of Chord-Based TGMS
7.3 Contact
7.3.1 High-Speed Railways is A Major Application Area for Contact-Based TGMS

8 Track Geometry Measurement System Market, By Railway Type
8.1 Introduction
8.2 High-Speed Railways
8.2.1 High-Speed Railways Holds Largest Share of TGMS Market
8.3 Mass Transit Railways
8.3.1 Mass Transit Railways to Witness Significant Growth in TGMS Market During Forecast Period
8.4 Heavy Haul Railways
8.4.1 High Demand for No Contact-Based TGMS Drives Growth of TGMS Market
8.5 Light Railways
8.5.1 APAC to Dominate TGMS Market for Light Railways

9 Track Geometry Measurement System Market, By Component
9.1 Introduction
9.2 Software
9.2.1 Software Segment to Dominate TGMS Market
9.3 Lighting Equipment
9.3.1 APAC to Drive TGMS Market Growth for Lighting Equipment
9.4 Navigation Equipment
9.4.1 Navigation Equipment Segment to Witness Significant Growth in TGMS Market During Forecast Period
9.5 Communication Equipment
9.5.1 Europe and APAC are Key Regions in TGMS Market for Communication Equipment
9.6 Computer
9.6.1 High-Speed Railways is A Key Application Area in TGMS Market for Computer Segment
9.7 Camera
9.7.1 Camera Segment to Grow at Highest Rate in TGMS Market During Forecast Period
9.8 Data Storage
9.8.1 APAC to Dominate TGMS Market for Data Storage During Forecast Period
9.9 Power Supply Equipment
9.9.1 Europe and APAC are Key Regions in TGMS Market for Power Supply Equipment
9.10 Sensor
9.10.1 Accelerometer
9.10.1.1 High-Speed and Mass Transit Railways are Key Application Areas in TGMS Market for Accelerometers
9.10.2 Gyroscope
9.10.2.1 APAC to Dominate TGMS Market for Gyroscope

10 Track Video Inspection System Market
10.1 Introduction
10.2 Rail Surface Inspection
10.3 Track Component Inspection
10.4 Joint Bar Inspection

11 Geographic Analysis

12 Competitive Landscape

Key Players

    --  Ensco
    --  Fugro
    --  MER MEC
    --  Balfour Beatty
    --  Plasser & Theurer
    --  Siemens
    --  R. Bance & Co.
    --  Bentley Systems
    --  Goldschmidt Thermit Group
    --  EGIS

Other Companies

    --  DMA
    --  Deutzer Technische Kohle
    --  KZV, Spol. Sro
    --  Vista Instrumentation
    --  ZG Optique
    --  Harsco Corporation
    --  Trimble
    --  Amberg Technologies
    --  Rail Vision Europe
    --  Holland LP

For more information about this report visit https://www.researchandmarkets.com/research/brw8gv/global_track?w=5

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