According to the new market
research report
By measurement type, the
gauge segment leads the TGMS market. Gauge is the spacing or distance between
the inner sides of the heads of the 2 load bearing rails on a railway track. It
is among the key parameters of track geometry measurement. The wheelsets of the
rails should be compatible with the track gauge, else it could result in fatal
accidents due to derailment.
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The TGMS market for
high-speed railways is expected to witness the highest growth during the
forecast period. The high-speed railway line network is witnessing significant
growth, which can be attributed to its advantages such as time saving, energy
saving, and low greenhouse gas emission compared with other modes of
transportation. These factors also lead to generous funding from the government
for the development of high-speed railway network. As track geometry
measurement systems are required during the construction and maintenance of
tracks for high-speed railway systems, this factor is also positively impacting
the growth of TGMS market.
APAC is expected to hold the
largest share of the TGMS market in 2019. China, India, and Australia are the
key countries contributing to the growth of the TGMS market in APAC. Europe is
expected to account for the second-largest share of the TGMS market throughout
the forecast period. High-speed railways and mass transit railways are the key
application areas of track geometry measurement systems in this region.
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?
A few key players operating in the TGMS
market are 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).