Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, and Vertical Profile), Operation Type (No Contact and Contact), Railway Type (High Speed, Mass Transit, Heavy Haul, and Light), Component, and Geography - Global Forecast to 2024
[143 Pages Report] The track geometry measurement system market (TGMS) is expected to be valued at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a CAGR of 6.00% during the forecast period. The use of track geometry measurement systems by the companies operating in the railway industry for complying with various standards and regulations is among the key factors driving the TGMS market. Moreover, the high popularity of no contact track geometry measurement system is another factor expected to considerably boost the growth of the TGMS market in the coming years.
By operation type, no contact segment to account for largest market share during forecast period
The track geometry measurement system market, by operation type, is segmented into no contact and contact based track geometry measurement systems. The no contact based TGMS market is expected to witness significant growth during the forecast period. The major benefit of this operation type is that it is suitable for high and low speed. Also, it ensures high accuracy with the help of advanced technologies such as imaging technologies and optical laser sensors. Therefore, this type of operation method is gaining popularity for track geometry measurement.
By measurement type, vertical profile segment to grow at highest CAGR during forecast period
The track geometry measurement system market for vertical profile measurement type is expected to witness significant growth during the forecast period. Vertical profile is the track layout on the vertical plane. It is defined as the average height of left and right rails, which is calculated from the mid-point of these rails. The track class and permissible vehicle speed limit are determined by the railroad administration bodies by using these parameters as these are crucial for the operational efficiency of a rail.
APAC to account for largest market share during forecast period
APAC is expected to account for the largest share of the track geometry measurement system market during the forecast period. The market in this region is also expected to witness significant growth during 20192024. One of the major reasons for the leading position of APAC is the rapid expansion of high-speed rails and mass transit system in the APAC countries such as China and India.
Key Market Players
Key players in the track geometry measurement system market include ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), Plasser & Theurer (Austria), Siemens (Germany), R. Bance & Co. (UK), Bentley Systems (US), Goldschmidt Thermit Group (Germany), and Egis (France). ENSCO is a well-known player in the TGMS market. The company has over 45 years of experience in providing solutions for the railway industry. ENSCOs significant experience in the railway industry, along with its strong brand image and customer base, has led to its dominant position in the TGMS market. Recently, the company won several contracts for providing its products and services. For instance, in 2017, Canadian Pacific (Canada) awarded the ENSCO a contract to provide inspection systems for a new track evaluation car; Federal Railroad Administration (US) awarded ENSCO with a 5-year contract for operating and maintaining its 6 FRA track inspection cars. The company has strong presence in North America and is trying to strengthen its presence in other regions through expansions.
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Scope of the Report
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Report Metric |
Details |
Market size available for years |
20152024 |
Base year considered |
2018 |
Forecast period |
20192024 |
Forecast units |
Value (USD) |
Segments covered |
Measurement Type, Operation Type, Railway Type, Component, and Region |
Geographies covered |
North America, APAC, Europe, and RoW |
Companies covered |
ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), and Plasser & Theurer (Austria), among others (total 20 players are covered). |
This research report categorizes the TGMS market based on technology, scanning type, application, vertical, and region.
TGMS Market, by Measurement Type
- Gauge
- Twist
- Cant and Cant Deficiency
- Vertical Profile
- Curvature
- Alignment
- Dynamic Cross-Level
- Dipped Joints
- Others (cyclic top and inclination)
TGMS Market, by Operation Type
- No Contact
- Contact
TGMS Market, by Railway Type
- High-Speed Railways
- Mass Transit Railways
- Heavy Haul Railways
- Light Railways
TGMS Market, by Componen
- Software
- Lighting Equipment
- Navigation Equipment
- Communication Equipment
- Computer
- Camera
- Data Storage
- Power Supply Equipment
- Sensor
TGMS Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- APAC (China, Japan, Australia, India, and Rest of APAC)
- RoW (South America, and the Middle East and Africa)
Recent Developments
- In May 2018, Balfour Beatty (UK) was awarded a 5-year Reactive Building and Civils Contract by Network Rail (UK). This contract is worth up to USD 64 million (£50 million) and requires Balfour Beatty to execute rail infrastructure repairs and projects along the Great Western route from London to Penzance.
- In November 2017, ENSCO (US) announced that Canadian Pacific (CP) (Canada) awarded the company a contract to provide inspection systems for a new track evaluation car. This car will be equipped with track measurement and imaging system technology and will include track geometry measurement system (TGMS), rail profile measurement system (RPMS), deployable gage restraint measurement system (DGRMS), joint bar inspection system (JBIS), track component imaging system (TCIS), driver view imaging system (DVIS), and track view imaging system (TVIS).
- In October 2017, Bentley Systems (US) introduced the OpenRail solution, comprising applications and services for comprehensive planning, engineering, project delivery, and operations of rail and transit infrastructure.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of track geometry measurement systems?
- How advancements in the railway industry is influencing the TGMS market?
- Which operation type track geometry measurement system is expected to penetrate significantly in the TGMS market?
- Which countries are expected to witness significant growth in the TGMS market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Track Geometry Measurement System Market
4.2 TGMS Market, By Operation Type
4.3 TGMS Market in Europe, By Country and Railway Type
4.4 TGMS Market, By Measurement Type
4.5 TGMS 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
5.4 Industry Standards
6 Track Geometry Measurement System Market, By Measurement Type
6.1 Introduction
6.2 Gauge
6.3 Twist
6.4 Cant and Cant Deficiency
6.5 Vertical Profile
6.6 Curvature
6.7 Alignment
6.8 Dynamic Cross-Level
6.9 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
7.2.2 Chord Based
7.3 Contact
8 Track Geometry Measurement System Market, By Railway Type
8.1 Introduction
8.2 High-Speed Railways
8.3 Mass Transit Railways
8.4 Heavy Haul Railways
8.5 Light Railways
9 Track Geometry Measurement System Market, By Component
9.1 Introduction
9.2 Software
9.3 Lighting Equipment
9.4 Navigation Equipment
9.5 Communication Equipment
9.6 Computer
9.7 Camera
9.8 Data Storage
9.9 Power Supply Equipment
9.10 Sensor
9.10.1 Accelerometer
9.10.2 Gyroscope
10 Track Geometry Measurement System Market, By Offering Type
10.1 Introduction
10.2 Hardware
10.3 Software
10.4 Serives
11 Track Video Inspection System Market
11.1 Introduction
11.2 Rail Surface Inspection
11.3 Track Component Inspection
11.4 Joint Bar Inspection
12 Geographic Analysis
12.1 Introduction
12.2 North America
12.2.1 US
11.2.2 Canada
11.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Rest of Europe
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 Australia
12.4.5 Rest of APAC
12.5 RoW
12.5.1 South America
12.5.2 Middle East and Africa
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis, 2017
13.3 Competitive Leadership Mapping
13.3.1 Visionary Leaders
13.3.2 Dynamic Differentiators
13.3.3 Innovators
13.3.4 Emerging Companies
13.4 Strength of Product Portfolio
13.5 Business Strategy Excellence
13.6 Competitive Situations and Trends
13.6.1 Product Launches
13.6.2 Contracts
13.6.3 Acquisitions and Expansions
14 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
14.1 Key Players
14.1.1 Ensco
14.1.2 Fugro
14.1.3 MER MEC
14.1.4 Balfour Beatty
14.1.5 Plasser & Theurer
14.1.6 Siemens
14.1.7 R. Bance & Co.
14.1.8 Bentley Systems
14.1.9 Goldschmidt Thermit Group
14.1.10 Egis
14.2 Other Companies
14.2.1 DMA
14.2.2 Deutzer Technische Kohle
14.2.3 Kv, Spol. Sro
14.2.4 Vista Instrumentation
14.2.5 ZG Optique
14.2.6 Harsco Corporation
14.2.7 Trimble
14.2.8 Amberg Technologies
14.2.9 Rail Vision Europe
14.2.10 Holland LP
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details
List of Tables (97 Tables)
Table 1 TGMS Market, By Measurement Type, 20152024 (USD Million)
Table 2 TGMS Market for Gauge Measurement Type, By Railway Type, 20152024 (USD Million)
Table 3 TGMS Market for Gauge Measurement Type, By Region, 20152024 (USD Million)
Table 4 TGMS Market for Gauge Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 5 TGMS Market for Twist Measurement Type, By Railway Type, 20152024 (USD Million)
Table 6 TGMS Market for Twist Measurement Type, By Region, 20152024 (USD Million)
Table 7 TGMS Market for Twist Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 8 TGMS Market for Cant and Cant Deficiency Measurement Type, By Railway Type, 20152024 (USD Million)
Table 9 TGMS Market for Cant and Cant Deficiency Measurement Type, By Region, 20152024 (USD Million)
Table 10 TGMS Market for Cant and Cant Deficiency Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 11 TGMS Market for Vertical Profile Measurement Type, By Railway Type, 20152024 (USD Million)
Table 12 TGMS Market for Vertical Profile Measurement Type, By Region, 20152024 (USD Million)
Table 13 TGMS Market for Vertical Profile Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 14 TGMS Market for Curvature Measurement Type, By Railway Type, 20152024 (USD Million)
Table 15 TGMS Market for Curvature Measurement Type, By Region, 20152024 (USD Million)
Table 16 TGMS Market for Curvature Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 17 TGMS Market for Alignment Measurement Type, By Railway Type, 20152024 (USD Million)
Table 18 TGMS Market for Alignment Measurement Type, By Region, 20152024 (USD Million)
Table 19 TGMS Market for Alignment Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 20 TGMS Market for Dynamic Cross-Level Measurement Type, By Railway Type, 20152024 (USD Million)
Table 21 TGMS Market for Dynamic Cross-Level Measurement Type, By Region, 20152024 (USD Million)
Table 22 TGMS Market for Dynamic Cross-Level Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 23 TGMS Market for Dipped Joints Measurement Type, By Railway Type, 20152024 (USD Million)
Table 24 TGMS Market for Dipped Joints Measurement Type, By Region, 20152024 (USD Million)
Table 25 TGMS Market for Dipped Joints Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 26 TGMS Market for Other Measurement Types, By Railway Type, 20152024 (USD Million)
Table 27 TGMS Market for Other Measurement Types, By Region, 20152024 (USD Million)
Table 28 TGMS Market for Other Measurement Type, By Operation Mode, 20152024 (USD Million)
Table 29 TGMS Market, By Operation Type, 20152024 (USD Million)
Table 30 TGMS Market for No Contact Operation Type, By Railway Type, 20152024 (USD Million)
Table 31 TGMS Market for No Contact Operation Type, By Region, 20152024 (USD Million)
Table 32 TGMS Market for No Contact Operation Type, By Measurement Type, 20152024 (USD Million)
Table 33 TGMS Market for Contact Operation Type, By Railway Type, 20152024 (USD Million)
Table 34 TGMS Market for Contact Operation Type, By Region, 20152024 (USD Million)
Table 35 TGMS Market for Contact Operation Type, By Measurement Type, 20152024 (USD Million)
Table 36 TGMS Market, By Railway Type, 20152024 (USD Million)
Table 37 TGMS Market for High-Speed Railways, By Region, 20152024 (USD Million)
Table 38 TGMS Market for High-Speed Railways, By Operation Type, 20152024 (USD Million)
Table 39 TGMS Market for High-Speed Railways, By Measurement Type, 20152024 (USD Million)
Table 40 TGMS Market for Mass Transit Railways, By Region, 20152024 (USD Million)
Table 41 TGMS Market for Mass Transit Railways, By Operation Type, 20152024 (USD Million)
Table 42 TGMS Market for Mass Transit Railways, By Measurement Type, 20152024 (USD Million)
Table 43 TGMS Market for Heavy Haul Railways, By Region, 20152024 (USD Million)
Table 44 TGMS Market for Heavy Haul Railways, By Operation Type, 20152024 (USD Million)
Table 45 TGMS Market for Heavy Haul Railways, By Measurement Type, 20152024 (USD Million)
Table 46 TGMS Market for Light Railways, By Region, 20152024 (USD Million)
Table 47 TGMS Market for Light Railways, By Operation Type, 20152024 (USD Million)
Table 48 TGMS Market for Light Railways, By Measurement Type, 20152024 (USD Million)
Table 49 TGMS Market, By Component, 20152024 (USD Million)
Table 50 TGMS Market for Software, By Region, 20152024 (USD Million)
Table 51 TGMS Market for Lighting Equipment, By Region, 20152024 (USD Million)
Table 52 TGMS Market for Navigation Equipment, By Region, 20152024 (USD Million)
Table 53 TGMS Market for Communication Equipment, By Region, 20152024 (USD Million)
Table 54 TGMS Market for Computer, By Region, 20152024 (USD Million)
Table 55 TGMS Market for Camera, By Region, 20152024 (USD Million)
Table 56 TGMS Market for Data Storage, By Region, 20152024 (USD Million)
Table 57 TGMS Market for Power Supply Equipment, By Region, 20152024 (USD Million)
Table 58 TGMS Market for Sensor, By Region, 20152024 (USD Million)
Table 59 TGMS Market, By Region, 20152024 (USD Million)
Table 60 TGMS Market in North America, By Country, 20152024 (USD Million)
Table 61 TGMS Market in North America, By Railway Type, 20152024 (USD Million)
Table 52 TGMS Market in North America, By Component, 20152024 (USD Million)
Table 63 TGMS Market in North America, By Measurement Type, 20152024 (USD Million)
Table 64 TGMS Market in North America, By Operation Mode, 20152024 (USD Million)
Table 65 TGMS Market in US, By Operation Mode, 20152024 (USD Million)
Table 66 TGMS Market in Canada, By Operation Mode, 20152024 (USD Million)
Table 67 TGMS Market in Mexico, By Operation Mode, 20152024 (USD Million)
Table 68 TGMS Market in Europe, By Country, 20152024 (USD Million)
Table 69 TGMS Market in Europe, By Railway Type, 20152024 (USD Million)
Table 70 TGMS Market in Europe, By Component, 20152024 (USD Million)
Table 71 TGMS Market in Europe, By Measurement Type, 20152024 (USD Million)
Table 72 TGMS Market in Europe, By Operation Mode, 20152024 (USD Million)
Table 73 TGMS Market in Germany, By Operation Mode, 20152024 (USD Million)
Table 74 TGMS Market in France, By Operation Mode, 20152024 (USD Million)
Table 75 TGMS Market in Italy, By Operation Mode, 20152024 (USD Million)
Table 76 TGMS Market in UK, By Operation Mode, 20152024 (USD Million)
Table 77 TGMS Market in Rest of Europe, By Operation Mode, 20152024 (USD Million)
Table 78 TGMS Market in APAC, By Country, 20152024 (USD Million)
Table 79 TGMS Market in APAC, By Railway Type, 20152024 (USD Million)
Table 80 TGMS Market in APAC, By Component, 20152024 (USD Million)
Table 81 TGMS Market in APAC, By Measurement Type, 20152024 (USD Million)
Table 82 TGMS Market in APAC, By Operation Mode, 20152024 (USD Million)
Table 83 TGMS Market in China, By Operation Mode, 20152024 (USD Million)
Table 84 TGMS Market in Japan, By Operation Mode, 20152024 (USD Million)
Table 85 TGMS Market in Australia, By Operation Mode, 20152024 (USD Million)
Table 86 TGMS Market in India, By Operation Mode, 20152024 (USD Million)
Table 87 TGMS Market in Rest of APAC, By Operation Mode, 20152024 (USD Million)
Table 88 TGMS Market in RoW, By Country, 20152024 (USD Million)
Table 89 TGMS Market in RoW, By Railway Type, 20152024 (USD Million)
Table 90 TGMS Market in RoW, By Component, 20152024 (USD Million)
Table 91 TGMS Market in RoW, By Measurement Type, 20152024 (USD Million)
Table 92 TGMS Market in RoW, By Operation Mode, 20152024 (USD Million)
Table 93 TGMS Market in South America, By Operation Mode, 20152024 (USD Million
Table 94 TGMS Market in Middle East and Africa, By Operation Mode, 20152024 (USD Million
Table 95 Product Launches (20162017)
Table 96 Contracts (20162018)
Table 97 Acquisitions and Expansions (2016)
List of Figures (45 Figures)
Figure 1 Track Geometry Measurement System Market Segmentation
Figure 2 Process Flow: Track Geometry Measurement System Market Size Estimation
Figure 3 TGMS Market: Research Design
Figure 4 TGMS Market: Bottom-Up Approach
Figure 5 TGMS Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 TGMS Market Size (20152024)
Figure 8 Gauge to Hold Largest Size of TGMS Market By 2024
Figure 9 TGMS Market, By Operation Type (2019 vs 2024): No Contact Segment to Hold Larger Market in 2019 and 2024
Figure 10 High-Speed Railways Held Largest Share in TGMS Market in 2018
Figure 11 Software Segment to Dominate TGMS Market During Forecast Period
Figure 12 APAC Accounted for Largest Share of TGMS Market in 2018
Figure 13 Increasing Adoption of Track Geometry Measurement Systems in APAC Driving Market Growth
Figure 14 Track Geometry Measurement System Market for No Contact Segment to Grow at Higher CAGR During Forecast Period
Figure 15 High-Speed Railways Segment to Hold Largest Share of Track Geometry Measurement System Market in Europe By 2024
Figure 16 Gauge to Hold Largest Size of Track Geometry Measurement System Market During Forecast Period
Figure 17 China to Hold Largest Share of Track Geometry Measurement System Market in 2019
Figure 18 Growing Network of Metro and High-Speed Railway Lines Drives Track Geometry Measurement System Market
Figure 19 Length of Metro Infrastructure (In Km), 2016 vs 2017
Figure 20 Value Chain Analysis: Major Value Addition During Component and Product Manufacturing Stage
Figure 21 Track Geometry Measurement System Market, By Measurement Type
Figure 22 Gauge Measurement Type to Hold Largest Size of TGMS Market By 2024
Figure 23 High-Speed Railways to Dominate TGMS Market for Vertical Profile Measurement Type
Figure 24 APAC to Dominate TGMS Market for Alignment Measurement Type By 2024
Figure 25 Track Geometry Measurement System Market, By Operation Type
Figure 26 No Contact Operation Type to Dominate TGMS Market By 2024
Figure 27 Track Geometry Measurement System Market, By Railway Type
Figure 28 High-Speed Railways to Dominate TGMS Market By 2024
Figure 29 No Contact Segment to Dominate TGMS Market for Mass Transit Railways
Figure 30 Track Geometry Measurement System Market, By Component
Figure 31 Software Segment to Hold Largest Size of TGMS Market By 2024
Figure 32 APAC to Dominate TGMS Market for Communication Equipment
Figure 33 APAC to Dominate TGMS Market for Sensor By 2024
Figure 34 Track Video Inspection System Market
Figure 35 Geographic Snapshot (20192024): TGMS Market to Witness Significant Growth in APAC Countries Such as Australia During Forecast Period
Figure 36 North America: TGMS Market Snapshot
Figure 37 Europe: TGMS Market Snapshot
Figure 38 APAC: TGMS Market Snapshot
Figure 39 Ranking of Key Players in TGMS Market (2017)
Figure 40 Track Geometry Measurement System Market (Global) Competitive Leadership Mapping, 2017
Figure 41 Fugro: Company Snapshot
Figure 42 Balfour Beatty: Company Snapshot
Figure 43 Siemens: Company Snapshot
Figure 44 Bentley Systems: Company Snapshot
Figure 45 EGIS: Company Snapshot
The study involved 4 major activities to estimate the current market size for track geometry measurement system (TGMS). Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include railway journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the TGMS market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the TGMS market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industrys supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides in industrial and nonindustrial verticals.
Report Objectives
The following are the major objectives of the study.
- To describe and forecast the track geometry measurement system market, in terms of value, by measurement type, operation type, railway type, and component
- To describe and forecast the track geometry measurement system market, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To describe and forecast the track video inspection system market
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research and development (R&D) in the track geometry measurement system market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a companys specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Track Geometry Measurement System Market