Product Code: PM3174
The global track geometry measurement system market size is expected to reach USD 5.48 billion by 2032, according to a new study by Polaris Market Research. The report "Global Track Geometry Measurement System Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Hardware, Services); By Railway Type; By Operation; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing need for safety and security in rail transportation, together with the expansion of rail networks and metro lines. Also, track geometry is significantly impacted by vibrations and the impact of high-speed trains and due to increasing the no of high-speed trains all over the world boosts the market growth.
The market is the largest in Asian nations as compared to other regions. The market's expansion in the Asia Pacific region is accelerated by the rising uptake of cutting-edge technology and the rapid growth of high-speed railroads in China and India also the fast expansion of metro lines in this region's countries enables the market growth.
Governmental entities are also contributing more money to the enhancement of the safety of railroad networks. For instance, the UK government has committed to finance High-Speed Rail and System Integration. The project will have a budget of EURO 11 million, which is anticipated to be combined with a grant from Leeds City Region Enterprise for EURO 13 million.
Two American companies, STANLEY Infrastructure, and RailPod Inc., partnered in August 2022 to combine the industrial tools and clientele of STANLEY Infrastructure with the track inspection technology of RailPod Inc. The track inspection technology and associated services from RailPod Inc. will get assistance through this partnership as they are implemented globally.
Global Track Geometry Measurement System Market Report Highlights
- Hardware segment led the market share owing to a rise in demand due to safety management. Hardware used in analysis and planning of the work on the track's routine maintenance and repair, all collected information is analyzed in real-time, recorded, and preserved.
- Mass transit railway segment sector is projected to significant share over the study period due to the need for more accurate track geometry measurements and the capability to spot deviations from the intended track geometry will favor market expansion.
- Contact TGMS segment sector is expected to hold a significant market share over the forecast period due to the use of both new and old railroad lines and can be utilized on everything from high-speed to light rail systems. Additionally, the accuracy of contact TGMS than contact-less TGMS increases the market growth.
- Asia Pacific dominates the market share on account of the accelerated uptake of cutting-edge technology, increasing mass transit systems, and the rapid growth of high-speed railroads in that region increasing the market growth.
- The global players: Balfour Beatty, Bentley Systems, DMA, Goldschmidt Thermit, Bance., Plasser & Theurer, Egis Group, ENSCO, ZG Optique, ESIM, Fugro., Balfour Beatty Rail, MERMEC, Siemens, Trimble, Amberg Technologies, and Rail Vision Europe.
Polaris Market Research has segmented the global track geometry measurement system market report based on component, railway type, operation, and region:
Global Track Geometry Measurement System, Component Outlook (Revenue, USD Billion, 2019 - 2032)
- Software
- Hardware
- Services
Global Track Geometry Measurement System, Railway Type Outlook (Revenue, USD Billion, 2019 - 2032)
- Heavy Haul Railways
- High-Speed Railways
- Light Railways
- Mass Transit Railways
Global Track Geometry Measurement System, Operation Outlook (Revenue, USD Billion, 2019 - 2032)
- Contact
- Contactless
- Inertial Based
- Chord Based
Global Track Geometry Measurement System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Track Geometry Measurement System Market Insights
- 4.1. Track Geometry Measurement System Market - Operation Snapshot
- 4.2. Track Geometry Measurement System Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing need for safety and security in rail transportation
- 4.2.1.2. Rising demand for smart technology to maintain the operational effectiveness of tracks
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Data protection and management
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Track Geometry Measurement System Market Operation Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Track Geometry Measurement System Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 5.3. Software
- 5.3.1. Global Track Geometry Measurement System Market, by Software, by Region, 2019-2032 (USD Billion)
- 5.4. Hardware
- 5.4.1. Global Track Geometry Measurement System Market, by Hardware, by Region, 2019-2032 (USD Billion)
- 5.5. Services
- 5.5.1. Global Track Geometry Measurement System Market, by Services, by Region, 2019-2032 (USD Billion)
6. Global Track Geometry Measurement System Market, by Railway Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 6.3. Heavy Haul Railways
- 6.3.1. Global Track Geometry Measurement System Market, by Heavy Haul Railways, by Region, 2019-2032 (USD Billion)
- 6.4. High-Speed Railways
- 6.4.1. Global Track Geometry Measurement System Market, by High-Speed Railways, by Region, 2019-2032 (USD Billion)
- 6.5. Light Railways
- 6.5.1. Global Track Geometry Measurement System Market, by Light Railways, by Region, 2019-2032 (USD Billion)
- 6.6. Mass Transit Railways
- 6.6.1. Global Track Geometry Measurement System Market, by Mass Transit Railways, by Region, 2019-2032 (USD Billion)
7. Global Track Geometry Measurement System Market, by Operation
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 7.3. Contact
- 7.3.1. Global Track Geometry Measurement System Market, by Contact, By Region, 2019-2032 (USD Billion)
- 7.4. Contactless
- 7.4.1. Global Track Geometry Measurement System Market, by Contactless, By Region, 2019-2032 (USD Billion)
- 7.4.2. Inertial Based
- 7.4.2.1. Global Track Geometry Measurement System Market, by Inertial Based, By Region, 2019-2032 (USD Billion)
- 7.4.3. Chord Based
- 7.4.3.1. Global Track Geometry Measurement System Market, by Chord Based, By Region, 2019-2032 (USD Billion)
8. Global Track Geometry Measurement System Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Track Geometry Measurement System Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Track Geometry Measurement System Market - North America
- 8.3.1. North America: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.3.2. North America: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.3.3. North America: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.3.4. Track Geometry Measurement System Market - U.S.
- 8.3.4.1. U.S.: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.3.5. Track Geometry Measurement System Market - Canada
- 8.3.5.1. Canada: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4. Track Geometry Measurement System Market - Europe
- 8.4.1. Europe: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.3. Europe: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.4. Track Geometry Measurement System Market - UK
- 8.4.4.1. UK: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.5. Track Geometry Measurement System Market - France
- 8.4.5.1. France: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.5.3. France: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.6. Track Geometry Measurement System Market - Germany
- 8.4.6.1. Germany: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.7. Track Geometry Measurement System Market - Italy
- 8.4.7.1. Italy: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.8. Track Geometry Measurement System Market - Spain
- 8.4.8.1. Spain: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.9. Track Geometry Measurement System Market - Netherlands
- 8.4.9.1. Netherlands: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.4.10. Track Geometry Measurement System Market - Russia
- 8.4.10.1. Russia: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5. Track Geometry Measurement System Market - Asia Pacific
- 8.5.1. Asia Pacific: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.4. Track Geometry Measurement System Market - China
- 8.5.4.1. China: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.4.3. China: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.5. Track Geometry Measurement System Market - India
- 8.5.5.1. India: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.5.3. India: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.6. Track Geometry Measurement System Market - Malaysia
- 8.5.6.1. Malaysia: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.7. Track Geometry Measurement System Market - Japan
- 8.5.7.1. Japan: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.8. Track Geometry Measurement System Market - Indonesia
- 8.5.8.1. Indonesia: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.5.9. Track Geometry Measurement System Market - South Korea
- 8.5.9.1. South Korea: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.6. Track Geometry Measurement System Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.6.4. Track Geometry Measurement System Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.6.5. Track Geometry Measurement System Market - UAE
- 8.6.5.1. UAE: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.6.6. Track Geometry Measurement System Market - Israel
- 8.6.6.1. Israel: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.6.7. Track Geometry Measurement System Market - South Africa
- 8.6.7.1. South Africa: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.7. Track Geometry Measurement System Market - Latin America
- 8.7.1. Latin America: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.7.4. Track Geometry Measurement System Market - Mexico
- 8.7.4.1. Mexico: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.7.5. Track Geometry Measurement System Market - Brazil
- 8.7.5.1. Brazil: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
- 8.7.6. Track Geometry Measurement System Market - Argentina
- 8.7.6.1. Argentina: Track Geometry Measurement System Market, by Component, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Track Geometry Measurement System Market, by Operation, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Track Geometry Measurement System Market, by Railway Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Balfour Beatty
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bentley Systems
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. DMA
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Goldschmidt Thermit
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Bance
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Plasser & Theurer
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Egis Group
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. ENSCO
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. ZG Optique
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. ESIM
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Fugro
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Balfour Beatty Rail
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. MERMEC
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Siemens
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Trimble
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Amberg Technologies
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Rail Vision Europe
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development