Global Track Geometry Measurement System Market Analysis By Segmentations, Key Players, Regional Analysis & Future Forecast 2023-2032

 

Global Track Geometry Measurement System Market

The Global Track Geometry Measurement System Market was valued at USD 3.68 billion in 2022 and expected to grow at a CAGR of 5.3% during the forecast period. Track geometry measurement system (TGMS) is a technology used to measure and evaluate the geometry of railway tracks. It is used to ensure that the railway tracks are within acceptable limits for safe train operation. TGMS is an essential tool for railway maintenance and inspection. The system consists of various sensors that are placed on a specialized vehicle, which is typically a dedicated measurement car. These sensors measure various parameters of the track geometry such as gauge, alignment, curvature, elevation, and twist. The collected data is then analysed to detect any irregularities in the track geometry that could potentially lead to derailment or other safety concerns.

The measurement results obtained from TGMS can be used to generate reports and charts that are helpful for maintenance personnel to prioritize and plan maintenance activities. Additionally, the data can be used to provide early warning of potential track defects, allowing for proactive maintenance and reducing the risk of accidents. TGMS is typically used by railway companies to monitor their tracks regularly, but it can also be used for special inspections after an accident or natural disaster. TGMS is a vital technology for maintaining safe and efficient railway operations.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on various industries, including the railway industry, and consequently, the track geometry measurement system.

Due to the pandemic, many railway companies have had to reduce or suspend their operations, leading to a decrease in train traffic. As a result, there may be fewer opportunities to perform track geometry measurements, which are typically carried out during regular train service. This reduction in measurements can lead to a decrease in the accuracy of the track geometry data, which can impact the safety and efficiency of railway operations.

Additionally, many track geometry measurement systems rely on technicians or engineers to perform the measurements. The pandemic has made it difficult for these individuals to travel to various locations to perform their duties due to travel restrictions and quarantine requirements. This can cause delays in measuring the track geometry, which can affect the maintenance and repair schedules.

On the other hand, some railway companies have accelerated the adoption of new technologies such as remote monitoring and automated track geometry measurement systems. These technologies allow for continuous monitoring of the track conditions, which can help identify potential issues before they become serious problems. This trend is likely to continue as railway companies look for ways to maintain their operations while minimizing the risk of exposure to COVID-19.

In summary, the COVID-19 pandemic has had a mixed impact on the track geometry measurement system. While it has caused disruptions and delays in some cases, it has also accelerated the adoption of new technologies that may improve the accuracy and efficiency of track geometry measurement in the long term.

Market Dynamics:

Drivers:

Safety: One of the most important driving factors for track geometry measurement systems is safety. Accurate and timely measurement of track geometry parameters such as gauge, alignment, and cross-level can help identify potential safety hazards, such as uneven rails, misalignments, and worn-out tracks, and help prevent accidents.

Regulatory compliance: Railway operators are required to comply with strict regulations and standards regarding track geometry parameters. A track geometry measurement system helps ensure compliance with these regulations by providing accurate and reliable data on track conditions.

Maintenance: Regular maintenance is essential to ensure the safe and efficient operation of railway tracks. A track geometry measurement system helps identify areas that require maintenance, such as worn-out rails, misaligned tracks, or uneven ballasts, allowing maintenance teams to prioritize and plan their work effectively.

Cost savings: The implementation of a track geometry measurement system can result in significant cost savings for railway operators. By identifying areas that require maintenance or repair, the system can help reduce the frequency and severity of track failures, leading to reduced downtime and repair costs.

Operational efficiency: Accurate and timely measurement of track geometry parameters can help improve operational efficiency by reducing train delays, increasing speeds, and improving ride quality. This can result in increased customer satisfaction and improved profitability for railway operators.

In summary, safety, regulatory compliance, maintenance, cost savings, and operational efficiency are the main driving factors of the track geometry measurement system.

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Market Segmentation:

By Component

·         Hardware

·         Software

·         Services

By Operation

·         Contact

·         Contactless

o   Inertial Based

o   Chord Based

By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

o   Russia

·         Asia-Pacific

o   Japan

o   China

o   India

o   Australia

o   South Korea

o   ASEAN

·         Latin America

o   Brazil

o   Argentina

o   Colombia

·         MEA

o   South Africa

o   Saudi Arabia

o   UAE

o   Egypt

 

Key Player:

Some of the key players operating in the market are:

·         Balfour Beatty PLC

·         Bentley Systems, Inc.

·         Egis Group

·         ENSCO

·         ESIM

·         Fugro N.V.

·         MERMEC S.P.A

·         Plasser & Theurer

·         Siemens AG

·         Trimble

·         Others

Regional Analysis:

The countries covered in the regional analysis of the Global Track Geometry Measurement System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

 Key Points: 

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Track Geometry Measurement System market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Track Geometry Measurement System would help in identifying future applications in this market.

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