Latest study released by AMA Research on Global Rail Wheel Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Rail Wheel Market predicted until 2030*.
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Rail wheel is a type of wheel which is designed for use on rail tracks. It is made up of steel; along with it is typically heated and pressed onto the wheel. A rail wheel comprises three portions such as hub, web, and rim. There are various characterizes of rail wheels such as tensile strength, anti-thermal damage, and vibration resistance. Web portion needs to have enough mechanical strength so that it sustains heavy loads which are produced by the vehicle mass. Rising demand for locomotive transport and increase in rail transportation, are some of the major drivers which are propelling the growth of the market.
Some of Key Players included in Rail Wheel Market are Amsted Rail (United States), Arrium Limited (Australia), Datong ABC Castings Company Limited (China), GHH Radsatz (Germany), Hegenscheidt-MFD (Germany), Interpipe (Ukraine), Jinxi Axle (China), Maanshan Iron & Steel (China), Nippon Steel & Sumitomo Metal Corporation (Japan), Nolan (United States),
Market Trends:
Technology advancement in rail wheels
Drivers:
Rising Demand for Locomotive Transport and Increase in Rail Transportation
Growing Number Office Workers in the Developing Countries
Increasing Urbanization and Changing Travel System across the world
Growing Population in Metropolitan Areas
Challenges:
Maintaining a Balance between Performance, Cost, and Weight
Opportunities:
The titled segments and Market Data are Break Down by Type (Rolled Rail Wheel, Forged Rail Wheel, Others), Material (Alloy, Steel, Aluminium), End User (Unit Trains, Mixed Freight Trains, Intermodal Trains)
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