Market Share of Rail Road Wheels Industry
Due to the existence of key competitors in the industry, such as Alstom SA, Amsted Rail, Comsteel, Bharat Forge Limited, and ArcelorMittal SA, the rail components market is moderately concentrated. Over the last several years, industry companies have used a variety of expansion tactics, including acquisitions, mergers, and partnerships. Major players in the market are focusing on expanding their product portfolio to augment their revenue share. For instance
- In January 2021, Alstom completed the acquisition of Bombardier Transportation, creating a competitive manufacturer on a global scale in mobility and rail transport, moving toward greener transportation worldwide.
Rail Road Wheels Market Leaders
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Alstom SA
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Amsted Rail
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Bharat Forge Limited
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ArcelorMittal SA
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Comsteel
*Disclaimer: Major Players sorted in no particular order
