The Track Geometry Measurement System (TGMS) Market is expected to witness market growth at a rate of 6.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on track geometry measurement system (TGMS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of track geometry measurement system (TGMS) market.

The deployment of intelligent techniques in railways across the globe acts as one of the major factors driving the growth of track geometry measurement system (TGMS) market. The presence of various standards and regulations in railway industry and concerns regarding numerous mishaps and accidents involving trains prompting governments to digitize the mode of transport in order to ensure a safer journey accelerate the market growth. The high popularity of no contact track geometry measurement system and use of track geometry measurement systems for track maintenance in railway sector further influence the market. Additionally, growth in network of metro lines and high speed railway lines, rapid industrialization and growth in network of metro lines and high speed railway lines positively affect the track geometry measurement system (TGMS) market. Furthermore, rise in demand for smart technologies in order to maintain operational efficiency of tracks extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

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Competitive Landscape and Track Geometry Measurement System (TGMS) Market Share Analysis

The track geometry measurement system (TGMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to track geometry measurement system (TGMS) market.

The major players covered in the track geometry measurement system (TGMS) market report are MER MEC S.p.A., Balfour Beatty, Plasser & Theurer, Siemens, R.Bance & Co Ltd., BENTLEY SYSTEMS, INCORPORATED, Goldschmidt Thermit Gmbh, Egis, DMA, KŽV, spol. s r.o., Vista Instrumentation LLC, Harsco Corporation, Trimble Inc., Amberg Technologies, Rail Vision Europe Ltd., Holland LP, ENSCO, Inc., and Fugro, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Track Geometry Measurement System (TGMS) Market Scope and Market Size

  • On the basis of measurement type, the track geometry measurement system (TGMS) market is segmented into gauge, twist, cant & cant deficiency, vertical profile, curvature, alignment, dynamic cross-level, dipped joints and others. Others are further segmented into cyclic top and inclination.
  • On the basis of component, the track geometry measurement system (TGMS) market is segmented into software, lighting equipment, navigation equipment, communication equipment, computer, camera, data storage, power supply equipment, and sensor. Sensor is further segmented into accelerometer and gyroscope.
  • On the basis of offering type, the track geometry measurement system (TGMS) market is segmented into hardware, software and services.
  • On the basis of operation type, the track geometry measurement system (TGMS) market is segmented into no contact and contact. No contact is further segmented into inertial based and chord based.
  • On the basis of railway type, the track geometry measurement system (TGMS) market is segmented into high-speed railways, mass transit railways, heavy haul railways, and light railways.

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Track Geometry Measurement System (TGMS) Market Country Level Analysis

The countries covered in the track geometry measurement system (TGMS) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the track geometry measurement system (TGMS) market due to the expansion of high-speed rails and mass transit system within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing economies in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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