The global rail gangways market is predicted to amass a revenue of US$ 634.0 million in 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. During this period of observation, the rail gangways market has grown significantly due in large part to the rapidly increasing high-speed rail network and the fleet of metro trains.
As they transition from one compartment to another, passengers converse on rail gangways. The market for train gangways is significantly impacted by the concern for the safety and security of passengers. Manufacturers construct both the rail gangways and the gangway doors out of fire-resistant material in order to ensure safety and prevent any accidents. In the event of an accident, the gangway doors contain a sliding mechanism that closes them, preventing potential issues like a fire from getting worse.
Governments all around the world are increasing their investments in large-scale transportation and infrastructure, such bullet trains and high-speed lines, in order to better their transportation sectors. Additionally, the construction of the high-speed rail network and a rising fleet of metro trains ensure that the rail gangways market will expand over the next few years. The development of railways and major investments in new metro rail projects will be the driving forces behind the extension of train gangways between 2022 and 2028.
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The growing focus on passenger comfort and faster travel is driving higher investments in the transportation industry, which are subsequently used to upgrade the transportation infrastructure, including high-speed rails and bullet trains. The railway investments will directly raise the need for gangways, which will also enhance the gangways’ market prospects. The market for rail gangways is expected to grow as a result of emerging countries like India and Brazil launching several programmes and making significant investments in the transportation sector.
The construction of contemporary railway infrastructure, smart railroads, the employment of cutting-edge technology in trams and metros, among other factors, are projected to drive the growth of the rail gangways market throughout the assessment period.
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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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
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
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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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