"Need for Transportation through Railways is Driving the Rail Gangways Market"

Globally, the rail gangways market is expected to grow with a CAGR of 6.3% during the forecast period from 2021 to 2029. Gangways are defined as a narrow passage, which is used for joining parts. In terms of railways, the rail gangways are defined as a connection between the coaches, which allows the passenger to move from one coach to another. In railways, the gangways are used in metros, subways, and suburban railways. The gangways consist of a bridge system, an internal ceiling, and flexible sidewalls. Some of the benefits of gangways in railways are that it allows the passengers to move from one car (coach) to another that is from crowded to uncrowned cars that allows the users to have a proper space for adjustment. Additionally, the rail gangways make a large share of unused space in a usable form.  

Globally, railways make an integral part of transportation systems and governments across the globe are investing largely to develop advanced systems that ensure safety and efficacy. As the number of passengers is increasing across the globe, there is an increasing demand for significant travel medium. Hence, there is development in the railway infrastructure, which ultimately drives the market for rail gangways, globally. Factors such as increasing government investment in the development of high-speed trains, and increasing research to enhance passenger safety are also fueling the growth of this market.

"Rail Gangways in Two-Piece Gangways in its Product Type Segment Continue Dominating the Market"

In 2020, the overall rail gangways market was led by the two-piece gangways segment with more than 30.0% share in global market value. This is due to increase in the number of travelers across the globe is increasing, moreover, increasing demand of the user for safe and spaciousness in trains is a major factor which is driving the market globally.

Rail gangways market was led by Europe due to huge railway transportation sector here and a high level of sophistication. The European region accounted for more than 1/3rd of the market revenue in 2020. The advancement in technology, growing population and high investments made by the European countries for the development of railways in the region also contributes to the growth of the market. However, Asia-Pacific was the second-largest market in 2020 and is expected to be the fastest growing region during the upcoming years.

Some of the key players operating in the rail gangways market include Narita Mfg. Ltd., HuMner, Airflow Equipment (India) Pvt. Limited, Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Dellner Couplers AB, Hutchinson, ATG AUTOTECHNIK GmbH and Bellow, Bus (Pty) Ltd, among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rail Gangways market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Rail Gangways market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Rail Gangways market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Rail Gangways market?
• Which is the largest regional market for Rail Gangways market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Rail Gangways market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Rail Gangways market worldwide?