The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expanding metro and high-speed rail networks are likely to stimulate innovation in track geometry measuring system production, propelling the market over the forecast period.

The global track geometry measurement system market is expected to grow from $3.10 billion in 2022 to $3.30 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global track geometry measurement system market is expected to grow to $4.16 billion in 2027 at a CAGR of 6.0%.

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 Global Track Geometry Measurement System Market Segments Include:

• By Type: Gauge, Twist, Vertical Profile
• By Product Types: Track Geometry Trolley, Track Geometry Inspection Vehicle (TGIV), Autonomous Track Geometry Measurement System (ATGMS)
• By Application: High Speed Railways, Heavy Haul Railways, Light Railways, Mass Transit Railways
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global track geometry measurement system market in 2021.

Major Market Players in the track geometry measurement system market include Ensco Inc., Fugro, MER MEC S.p.A., lasser & Theurer, MRX Technologies, R. Bance & Co. Ltd., Bentley Systems Inc., Goldschmidt Thermit Group, Siemens.

Technological advances have emerged as the most prominent trend in the track geometry measurement systems market. To increase their market position, major businesses in the track geometry measurement systems market are creating revolutionary technologies. For example, Norfolk Southern, a US-based transportation business, will introduce a groundbreaking autonomous track geometry measurement system in March 2020. This track inspection technology’s distinguishing qualities include a dependable and cost-effective approach for continuously monitoring track performance in near real-time. The track inspection technology is intended to improve railway safety and efficiency.

The Track Geometry Measurement System Global Market Report 2023  provides a track geometry measurement system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The track geometry measurement system market forecast analyzes track geometry measurement system market size, track geometry measurement system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The track geometry measuring system (TGMS) is a critical technology in the train industry for assessing track safety and scheduling maintenance. It provides accurate and dependable track data for both short- and long-term maintenance planning.

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