Railway Vehicle Wheels Market

The wheels of a railway vehicle support the full load of the vehicle and are as important a part of the safe operation of a railway train as the axles.According to the manufacturing method, the wheels can be divided into rolled steel (rolling) wheels and cast steel (casting) wheels.According to the use can be divided into railway passenger cars, railway freight cars, locomotives, subways, high-speed trains.

Wheel structure: the place where the axle is installed is the hub. The place where the wheel contacts with the rail is the rim. Between the hub and the rim is the plate.The flat contact part between the rim and the rail head is the tread, and the prominent part of the rim is the rim.

Railway Vehicle Wheels Market contains market size and forecasts of Railway Vehicle Wheels in global, including the following market information:

Global Railway Vehicle Wheels Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Railway Vehicle Wheels Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Railway Vehicle Wheels companies in 2021 (%)

The global Railway Vehicle Wheels market was valued at 2968.5 million in 2021 and is projected to reach US$ 3236.9 million by 2028, at a CAGR of 1.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Rolling Steel Wheel Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Railway Vehicle Wheels include NSSMC, Interpipe, OMK Steel, EVRAZ NTMK, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, Rail Wheel Factory, GHH-Bonatrans and Amsted Rail, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Railway Vehicle Wheels manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Railway Vehicle Wheels Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Vehicle Wheels Market Segment Percentages, by Type, 2021 (%)

Rolling Steel Wheel

Cast Steel Wheel

Global Railway Vehicle Wheels Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Vehicle Wheels Market Segment Percentages, by Application, 2021 (%)

Railway Passenger Car

Railway Wagon

Locomotive

High Speed Train

Other

Global Railway Vehicle Wheels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Railway Vehicle Wheels Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Railway Vehicle Wheels revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Railway Vehicle Wheels revenues share in global market, 2021 (%)

Key companies Railway Vehicle Wheels sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Railway Vehicle Wheels sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

NSSMC

Interpipe

OMK Steel

EVRAZ NTMK

Bochumer Verein Verkehrstechnik (BVV)

Lucchini RS

Rail Wheel Factory

GHH-Bonatrans

Amsted Rail

CAF

Comsteel

Magang (Group) Holding

Taiyuan Heavy Industry

Datong ABC Castings Company Limited (DACC)

Xinyang Amsted Tonghe Wheels

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