Market Share of Track Laying Equipment Industry
The track-laying equipment market is fragmented and highly competitive due to various international and domestic manufacturers operating in the ecosystem. Some major players include Plasser & Theurer, Techne Kirow GmbH, Martisa Materiel Industriel SA, Geismar, Harsco Corporation, Weihua Group, BEML India, and Salcef Group SpA. These players actively invest hefty sums in research and development to manufacture advanced track-laying equipment to enhance their brand presence and gain a competitive edge in the market.
- In December 2023, CRSIC announced the deployment of its CCPG500A track-laying machine in Kuantan, Malaysia, to assist in constructing the East Coast Rail Link (ECRL) mega rail project. The company stated that the first track was laid using the machine after its deployment in Malaysia, and it will be utilized until project completion.
- In December 2023, East-West Rail announced the competition for the first stage of the 66km new track-laying project between Bletchley and Bicester, deploying a New Track Construction (NTC) train to install 1 km of new track daily. Further, it is estimated that deploying this new construction train for the track-laying project saved around 4,000 lorry trips from local roads.
The market is anticipated to witness various partnerships between track-laying equipment and manufacturers and government authorities for deploying suitable equipment to lay new railway tracks or to avail this equipment for track renewal purposes.
Track Laying Equipment Market Leaders
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Plasser & Theurer
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Techne Kirow GmbH
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Matisa Materiel Industriel S.A.
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Geismar
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Harsco Corporation (Enviri)
*Disclaimer: Major Players sorted in no particular order
