The global rail gangways market share is predicted to amass a revenue of US$ 634.0 million by 2028, scaling up from an estimated US$ 470.7 million in 2022. Historically, the market registered a slow CAGR of 3.9% from 2013 to 2021 and reached US$ 448.4 million by 2021. However, the market is slated to grow at a restored and moderate CAGR of 5.1% from 2022 to 2028.
Key Takeaways:
- The market demand for rail gangways will grow at a CAGR of 4.6% in Western Europe.
- Germany will continue to lead the market in Europe, accounting for 25% of the market share in 2022.
- In 2022, the rail gangways market in the US held about 82% share of the North American market.
- Railway network expansion programs will drive market growth in China.
- By product type, two-piece gangways segment held about 78.6% share in 2022 as these receive an extensive application in densely populated countries.
- Based on material, the aluminum category will dominate the global marketplace owing to greater demand for lightweight materials.
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Rail gangways are the flexible connectors that are used to connect railway cars together. In recent years, there has been a growing interest in the use of gangways in the rail industry, as they offer several advantages over traditional couplers, such as increased safety and flexibility.
The use of gangways is already widespread in Europe, and it is expected to continue growing in the future. One of the main drivers of this growth is the increased focus on passenger safety and comfort, as gangways allow passengers to move freely between cars without having to step outside the train. This is particularly important for high-speed trains, where passengers need to be able to move quickly and safely between cars.
Another factor driving the growth of gangways is the increasing popularity of modular train designs. Gangways allow train operators to easily add or remove cars from a train without having to use specialized equipment, which can help to reduce costs and improve efficiency.
In addition, there is a growing interest in the use of gangways in the freight sector, as they offer greater flexibility and efficiency for the transportation of goods. By using gangways, operators can connect different types of railcars together, allowing them to transport a wider variety of goods.
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Competitive Landscape
Hubner GmbH & Co. KG, Airflow Equipments (India) Pvt. Limited, Dellner Couplers AB, Hutchinson Paulstra, Narita Mfg. Ltd., and Bellow and Bus (Pty) Ltd, among others, are some of the leading players in the rail gangways market profiled in the full version of the report.
Key market players are focusing on enhancing the efficiency of rail gangways. These businesses also adopt strategies like partnerships, mergers, and acquisitions to gain a competitive advantage.
Rail Gangways Market by Category
By Product Type:
- Single Piece Gangways
- Two Piece Gangways
By Material Type:
- Steel
- Aluminum
- Alloys
- Composites
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By Train Type:
- Passenger train
- Metro/Subway train
- High speed train
- Special train
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia & Pacific
- Middle East and Africa
- China
- Japan
More Insights into Rail Gangways Market
FMI offers the latest, detailed, and unbiased analysis of the global rail gangways market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, material type, train type, and region.
According to FMI’s reports, based on segmentation, the aluminum material segment will dominate the global marketplace due to increasing demand for lightweight material. In terms of product type, the two-piece gangways will gain traction in the upcoming years. Based on region, the rail gangways market in Europe, particularly Western Europe, will present impressive growth. Western Europe dominated the market in 2022 on the basis of revenue and will continue to display similar growth with a CAGR of 4.6%. This is because of the expansion of rail infrastructure in Germany. Other countries like the US, China, India, and Brazil will also aid the global growth of the rail gangways market during the forecast period.
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