Two Piece Rail Gangways to Witness Maximum Demand in Rail Gangways Market Through 2028

Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe.

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The global rail gangways market is expected to be valued at US$ 392.8 million in 2018, expanding at a significant CAGR of 4.9% over the forecast period (2018-2028). Rising investments in railway developments and upcoming metro rail projects are likely to complement future expansion of the market which has been foreseen to attain a value of US$ 634.0 million by 2028-end. Further, the rail gangways market is anticipated to create incremental $ opportunity worth US$ 241.3 million throughout the assessment period.

Development in Rail Activities to Offer Lucrative Opportunities

Developing regions including China and SEA & Pacific are heavily investing to provide support in the development of rail activities which will serve as a catalysts for the overall growth of rail gangways market. In addition, increase in rolling stock is likely to create lucrative opportunities for suppliers of rail gangways during the forecast period.

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Changing travelling medium along with rapid consumer inclination toward the economical public transportation systems such as trains and metros will continue to shape the future of global rail gangways market. However, increasing attractiveness of air travel and significant growth of automobiles for both short and long trips will possibly remain daunting challenges for key market players.

Rail Gangways Market Segments

Based on product type, the global rail gangways market is segmented into two piece rail gangways and single rail gangways.

On the basis of material type, the global rail gangways market is segmented into aluminum rail gangways, alloy rail gangways, steel rail gangways, and composite rail gangways.

Based on train type, the global rail gangways market is segmented into, high speed train, passenger train, metro or subway train, and special train.

The global market for rail gangways is also segmented across 8 different regions including Latin America, North America, Eastern Europe, Western Europe, SEA & Pacific, Japan, China, and Middle East & Africa.

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Global Rail Gangways Market: Competitive Landscape

Key players operating in the global rail gangways market are Hutchinson, Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Airflow Equipments (India) Pvt. Limited, ATG AUTOTECHNIK GmbH, Dellner Couplers AB, Narita Mfg. Ltd., KTK Group, Qingdao Victall Railway Co., Ltd, Kasper Elektronik GmbH, Korea Railway Parts Co Ltd, and Vulcanite Pty Ltd.

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