The Asia Pacific Track Laying Equipment Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
The proliferation of high-speed rail projects has contributed significantly to the adoption of specialized track laying equipment. These projects demand precision and advanced technology to support the high-speed operation of trains. Adopting track laying equipment tailored for high-speed rail is essential in meeting these ambitious initiatives' specific requirements and safety standards. It offers operational flexibility, allowing construction and maintenance activities to be carried out in various terrains and environmental conditions. The ability of these machines to adapt to different landscapes enhances their appeal, especially in regions with challenging geography or where railway tracks need to traverse diverse environments.
It is closely linked to the need for freight and passenger transportation capacity expansion. As urbanization accelerates and populations concentrate in urban areas, the demand for efficient and well-connected urban transit systems grows. It becomes essential for expanding railway capacity, ensuring that transportation networks can accommodate the increasing number of passengers and the movement of goods in densely populated regions.
As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Track Laying Equipment Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $76,975.1 Thousands by 2030. The Japan market is experiencing a CAGR of 5.4% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 6.7% during (2023 - 2030).
Free Valuable Insights: The Global Track Laying Equipment Market is Predict to reach $818.5 Million by 2030, at a CAGR of 5.6%
Based on Application, the market is segmented into Heavy Rail and Urban Rail. Based on Type, the market is segmented into New Construction Equipment and Renewal Equipment. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Plasser & Theurer
- Larsen & Toubro Limited
- Techne Kirow GmbH
- Weihua Group Co., Ltd. (Henan Weihua Heavy Machinery Co., LTD.)
- Matisa Matériel Industriel S.A.
- CRRC Corporation Limited
- Salcef Group S.p.A.
- Enviri Corporation
- BEML Limited
- Vossloh AG
Asia Pacific Track Laying Equipment Market Report Segmentation
By Application
By Type
- New Construction Equipment
- Renewal Equipment
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Track Laying Equipment Market, by Application
1.4.2 Asia Pacific Track Laying Equipment Market, by Type
1.4.3 Asia Pacific Track Laying Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Track Laying Equipment Market, By Application
4.1 Asia Pacific Heavy Rail Market, By Country
4.2 Asia Pacific Urban Rail Market, By Country
Chapter 5. Asia Pacific Track Laying Equipment Market, By Type
5.1 Asia Pacific New Construction Equipment Market, By Country
5.2 Asia Pacific Renewal Equipment Market, By Country
Chapter 6. Asia Pacific Track Laying Equipment Market, By Country
6.1 China Track Laying Equipment Market
6.1.1 China Track Laying Equipment Market, By Application
6.1.2 China Track Laying Equipment Market, By Type
6.2 Japan Track Laying Equipment Market
6.2.1 Japan Track Laying Equipment Market, By Application
6.2.2 Japan Track Laying Equipment Market, By Type
6.3 India Track Laying Equipment Market
6.3.1 India Track Laying Equipment Market, By Application
6.3.2 India Track Laying Equipment Market, By Type
6.4 South Korea Track Laying Equipment Market
6.4.1 South Korea Track Laying Equipment Market, By Application
6.4.2 South Korea Track Laying Equipment Market, By Type
6.5 Singapore Track Laying Equipment Market
6.5.1 Singapore Track Laying Equipment Market, By Application
6.5.2 Singapore Track Laying Equipment Market, By Type
6.6 Malaysia Track Laying Equipment Market
6.6.1 Malaysia Track Laying Equipment Market, By Application
6.6.2 Malaysia Track Laying Equipment Market, By Type
6.7 Rest of Asia Pacific Track Laying Equipment Market
6.7.1 Rest of Asia Pacific Track Laying Equipment Market, By Application
6.7.2 Rest of Asia Pacific Track Laying Equipment Market, By Type
Chapter 7. Company Profiles
7.1 Plasser & Theurer
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Larsen & Toubro Limited.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Techne Kirow GmbH
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Weihua Group Co., Ltd. (Henan Weihua Heavy Machinery Co., LTD.)
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Matisa Matériel Industriel S.A.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 CRRC Corporation Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Salcef Group S.p.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 SWOT Analysis
7.8 Enviri Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 BEML Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 SWOT Analysis
7.10. Vossloh AG
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Research & Development Expenses
7.10.4 SWOT Analysis
TABLE 1 Asia Pacific Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 4 Asia Pacific Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 5 Asia Pacific Heavy Rail Market, By Country, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Heavy Rail Market, By Country, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Urban Rail Market, By Country, 2019 - 2022, USD Thousands
TABLE 8 Asia Pacific Urban Rail Market, By Country, 2023 - 2030, USD Thousands
TABLE 9 Asia Pacific Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific New Construction Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 12 Asia Pacific New Construction Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 13 Asia Pacific Renewal Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Renewal Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Track Laying Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 16 Asia Pacific Track Laying Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 17 China Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 18 China Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 19 China Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 20 China Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 21 China Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 22 China Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 23 Japan Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 24 Japan Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 25 Japan Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 26 Japan Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 27 Japan Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 28 Japan Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 29 India Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 30 India Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 31 India Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 32 India Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 33 India Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 34 India Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 35 South Korea Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 36 South Korea Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 37 South Korea Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 38 South Korea Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 39 South Korea Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 40 South Korea Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 41 Singapore Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 42 Singapore Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 43 Singapore Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 44 Singapore Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 45 Singapore Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 46 Singapore Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 47 Malaysia Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 48 Malaysia Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 49 Malaysia Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 50 Malaysia Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 51 Malaysia Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 52 Malaysia Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 53 Rest of Asia Pacific Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 54 Rest of Asia Pacific Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 55 Rest of Asia Pacific Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 56 Rest of Asia Pacific Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 57 Rest of Asia Pacific Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 58 Rest of Asia Pacific Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 59 Key Information – Plasser & Theurer
TABLE 60 Key Information – Larsen & Toubro Limited.
TABLE 61 Key Information – Techne Kirow GmbH
TABLE 62 Key Information – Weihua Group Co., Ltd.
TABLE 63 Key Information – Matisa Matériel Industriel S.A.
TABLE 64 Key Information – CRRC Corporation Limited
TABLE 65 Key Information – Salcef Group S.p.A.
TABLE 66 Key Information – Enviri Corporation
TABLE 67 Key Information – BEML Limited
TABLE 68 Key Information – Vossloh AG
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Track Laying Equipment Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Track Laying Equipment Market
FIG 4 Porter’s Five Forces Analysis – Track Laying Equipment Market
FIG 5 Asia Pacific Track Laying Equipment Market share, By Application, 2022
FIG 6 Asia Pacific Track Laying Equipment Market share, By Application, 2030
FIG 7 Asia Pacific Track Laying Equipment Market, By Application, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Track Laying Equipment Market share, By Type, 2022
FIG 9 Asia Pacific Track Laying Equipment Market share, By Type, 2030
FIG 10 Asia Pacific Track Laying Equipment Market, By Type, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Track Laying Equipment Market share, By Country, 2022
FIG 12 Asia Pacific Track Laying Equipment Market share, By Country, 2030
FIG 13 Asia Pacific Track Laying Equipment Market, By Country, 2019 - 2030, USD Thousands
FIG 14 Swot Analysis: Plasser & Theurer
FIG 15 Swot Analysis: Larsen & Toubro Limited.
FIG 16 Swot Analysis: Techne Kirow GmbH
FIG 17 Swot Analysis: Weihua Group Co., Ltd.
FIG 18 Swot Analysis: Matisa Matériel Industriel S.A.
FIG 19 Swot Analysis: CRRC Corporation Limited
FIG 20 Swot Analysis: Salcef Group S.p.A.
FIG 21 Swot Analysis: Enviri Corporation
FIG 22 Swot Analysis: BEML Limited
FIG 23 Swot Analysis: Vossloh AG