How big is the Track Laying Equipment Market?

The Track Laying Equipment Market size is expected to reach USD 678.43 million in 2024 and grow at a CAGR of 6.25% to reach USD 918.65 million by 2029. Read More

What is the current Track Laying Equipment Market size?

In 2024, the Track Laying Equipment Market size is expected to reach USD 678.43 million. Read More

Who are the key players in Track Laying Equipment Market?

Plasser & Theurer, Techne Kirow GmbH, Matisa Materiel Industriel S.A., Geismar and Harsco Corporation (Enviri) are the major companies operating in the Track Laying Equipment Market. Read More

Which is the fastest growing region in Track Laying Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Track Laying Equipment Market?

In 2024, the Asia Pacific accounts for the largest market share in Track Laying Equipment Market. Read More

What years does this Track Laying Equipment Market cover, and what was the market size in 2023?

In 2023, the Track Laying Equipment Market size was estimated at USD 636.03 million. The report covers the Track Laying Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Track Laying Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Track Laying Equipment Market Size & Share Analysis - Industry Research Report

Track Laying Equipment Marke Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Track Laying Equipment Market Report is Segmented by Type (New Construction Equipment and Renewal Construction Equipment), Application (Heavy Rail and Urban Rail), Lifting Capacity (Up To 9 Tonnes, 9-12 Tonnes, and More Than 12 Tonnes), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for the Market Studied in Value (USD) for all the Above Segments.

Track Laying Equipment Industry Overview

The track-laying equipment market is fragmented and highly competitive due to various international and domestic manufacturers operating in the ecosystem. Some major players include Plasser & Theurer, Techne Kirow GmbH, Martisa Materiel Industriel SA, Geismar, Harsco Corporation, Weihua Group, BEML India, and Salcef Group SpA. These players actively invest hefty sums in research and development to manufacture advanced track-laying equipment to enhance their brand presence and gain a competitive edge in the market.

In December 2023, CRSIC announced the deployment of its CCPG500A track-laying machine in Kuantan, Malaysia, to assist in constructing the East Coast Rail Link (ECRL) mega rail project. The company stated that the first track was laid using the machine after its deployment in Malaysia, and it will be utilized until project completion.
In December 2023, East-West Rail announced the competition for the first stage of the 66km new track-laying project between Bletchley and Bicester, deploying a New Track Construction (NTC) train to install 1 km of new track daily. Further, it is estimated that deploying this new construction train for the track-laying project saved around 4,000 lorry trips from local roads.

The market is anticipated to witness various partnerships between track-laying equipment and manufacturers and government authorities for deploying suitable equipment to lay new railway tracks or to avail this equipment for track renewal purposes.