Market Analysis and Insights: Global Switch Machine Market
Due to the COVID-19 pandemic, the global Switch Machine market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Hydraulic Switch Machine accounting for % of the Switch Machine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Conventional Rails segment is altered to an % CAGR throughout this forecast period.
China Switch Machine market size is valued at US$ million in 2021, while the US and Europe Switch Machine are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Switch Machine landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Switch Machine include Vossloh, ALSTOM, Wabtec Corporation, Advanced Rail Systems, Rail Development Group and Irwin Car and Equipment, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Switch Machine capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Switch Machine by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Switch Machine Scope and Segment
Switch Machine market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Switch Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Hydraulic Switch Machine
Electric Switch Machine
Manual Switch Machine
Segment by Application
Conventional Rails
High Speed
Heavy Haul
Urban Transport
By Company
Vossloh
ALSTOM
Wabtec Corporation
Advanced Rail Systems
Rail Development Group
Irwin Car and Equipment
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE