The Latin America, Middle East and Africa Track Laying Equipment Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
The continuous evolution of technology has significantly influenced the adoption of track laying equipment. Modern machines have advanced features such as automation, GPS integration, and real-time monitoring systems. These technological enhancements improve the efficiency of track laying processes and contribute to safety and precision. Adopting such cutting-edge technology is a key driver for contractors and operators looking to stay competitive and deliver high-quality railway infrastructure.
The primary and fundamental use of track laying equipment is in installing railway tracks. These machines have advanced mechanisms to lay tracks, ensuring proper alignment, spacing, and stability. Whether it's a new railway line, an extension, or an upgrade, track laying equipment is indispensable for accurately and efficiently installing tracks. Before tracks can be laid, the track bed must be prepared to provide a stable foundation. It is used for excavation, grading, and compacting the soil or ballast to create a well-prepared bed. The total stability and endurance of the railway infrastructure depend heavily on the proper preparation of the track bed.
Ballast is a critical component of railway tracks, providing stability, drainage, and support to the track structure. It is employed to place and distribute ballast accurately along the tracks. This ensures the ballast is evenly distributed, maintaining proper track geometry, and preventing issues like track settlement and misalignment. It is equipped with features for aligning and tamping the rails. Rail alignment ensures that the tracks follow the designated path, while tamping involves adjusting and compacting the ballast beneath the ties to maintain the desired track geometry. This is crucial for trains' safety and smooth operation, preventing derailments and ensuring a comfortable ride for passengers.
Expanding urban rail projects in Saudi Arabia will likely increase demand for track laying equipment. The expansion of urban rail aligns with the increasing urbanization and population growth in Saudi Arabia. The Saudi Arabian government's commitment to investing in urban rail projects is in line with its Vision 2030 initiative, which aims to diversify the economy and improve the quality of life for citizens. The expansion of urban rail networks in Saudi Arabia may drive the adoption of advanced technologies and innovation in track laying equipment. Urban rail projects contribute to improved connectivity and accessibility within cities in Saudi Arabia. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Track Laying Equipment Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22,844.2 Thousands by 2030. The Argentina market is exhibiting a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 6.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Track Laying Equipment Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA Track Laying Equipment Market Report Segmentation
By Application
By Type
- New Construction Equipment
- Renewal Equipment
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Track Laying Equipment Market, by Application
1.4.2 LAMEA Track Laying Equipment Market, by Type
1.4.3 LAMEA 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. LAMEA Track Laying Equipment Market, By Application
4.1 LAMEA Heavy Rail Market, By Country
4.2 LAMEA Urban Rail Market, By Country
Chapter 5. LAMEA Track Laying Equipment Market, By Type
5.1 LAMEA New Construction Equipment Market, By Country
5.2 LAMEA Renewal Equipment Market, By Country
Chapter 6. LAMEA Track Laying Equipment Market, By Country
6.1 Brazil Track Laying Equipment Market
6.1.1 Brazil Track Laying Equipment Market, By Application
6.1.2 Brazil Track Laying Equipment Market, By Type
6.2 Argentina Track Laying Equipment Market
6.2.1 Argentina Track Laying Equipment Market, By Application
6.2.2 Argentina Track Laying Equipment Market, By Type
6.3 UAE Track Laying Equipment Market
6.3.1 UAE Track Laying Equipment Market, By Application
6.3.2 UAE Track Laying Equipment Market, By Type
6.4 Saudi Arabia Track Laying Equipment Market
6.4.1 Saudi Arabia Track Laying Equipment Market, By Application
6.4.2 Saudi Arabia Track Laying Equipment Market, By Type
6.5 South Africa Track Laying Equipment Market
6.5.1 South Africa Track Laying Equipment Market, By Application
6.5.2 South Africa Track Laying Equipment Market, By Type
6.6 Nigeria Track Laying Equipment Market
6.6.1 Nigeria Track Laying Equipment Market, By Application
6.6.2 Nigeria Track Laying Equipment Market, By Type
6.7 Rest of LAMEA Track Laying Equipment Market
6.7.1 Rest of LAMEA Track Laying Equipment Market, By Application
6.7.2 Rest of LAMEA 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 LAMEA Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 4 LAMEA Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 5 LAMEA Heavy Rail Market, By Country, 2019 - 2022, USD Thousands
TABLE 6 LAMEA Heavy Rail Market, By Country, 2023 - 2030, USD Thousands
TABLE 7 LAMEA Urban Rail Market, By Country, 2019 - 2022, USD Thousands
TABLE 8 LAMEA Urban Rail Market, By Country, 2023 - 2030, USD Thousands
TABLE 9 LAMEA Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 11 LAMEA New Construction Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 12 LAMEA New Construction Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 13 LAMEA Renewal Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 14 LAMEA Renewal Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Track Laying Equipment Market, By Country, 2019 - 2022, USD Thousands
TABLE 16 LAMEA Track Laying Equipment Market, By Country, 2023 - 2030, USD Thousands
TABLE 17 Brazil Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 18 Brazil Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 19 Brazil Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 20 Brazil Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 21 Brazil Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 22 Brazil Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 23 Argentina Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 24 Argentina Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 25 Argentina Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 26 Argentina Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 27 Argentina Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 28 Argentina Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 29 UAE Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 30 UAE Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 31 UAE Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 32 UAE Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 33 UAE Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 34 UAE Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 35 Saudi Arabia Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 36 Saudi Arabia Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 37 Saudi Arabia Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 38 Saudi Arabia Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 39 Saudi Arabia Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 40 Saudi Arabia Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 41 South Africa Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 42 South Africa Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 43 South Africa Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 44 South Africa Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 45 South Africa Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 46 South Africa Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 47 Nigeria Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 48 Nigeria Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 49 Nigeria Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 50 Nigeria Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 51 Nigeria Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 52 Nigeria Track Laying Equipment Market, By Type, 2023 - 2030, USD Thousands
TABLE 53 Rest of LAMEA Track Laying Equipment Market, 2019 - 2022, USD Thousands
TABLE 54 Rest of LAMEA Track Laying Equipment Market, 2023 - 2030, USD Thousands
TABLE 55 Rest of LAMEA Track Laying Equipment Market, By Application, 2019 - 2022, USD Thousands
TABLE 56 Rest of LAMEA Track Laying Equipment Market, By Application, 2023 - 2030, USD Thousands
TABLE 57 Rest of LAMEA Track Laying Equipment Market, By Type, 2019 - 2022, USD Thousands
TABLE 58 Rest of LAMEA 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 LAMEA 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 LAMEA Track Laying Equipment Market share, By Application, 2022
FIG 6 LAMEA Track Laying Equipment Market share, By Application, 2030
FIG 7 LAMEA Track Laying Equipment Market, By Application, 2019 - 2030, USD Thousands
FIG 8 LAMEA Track Laying Equipment Market share, By Type, 2022
FIG 9 LAMEA Track Laying Equipment Market share, By Type, 2030
FIG 10 LAMEA Track Laying Equipment Market, By Type, 2019 - 2030, USD Thousands
FIG 11 LAMEA Track Laying Equipment Market share, By Country, 2022
FIG 12 LAMEA Track Laying Equipment Market share, By Country, 2030
FIG 13 LAMEA 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