The Latin America, Middle East and Africa Track Geometry Measurement System Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
One of the principal driving forces behind the track geometry measurement system market is a number of technological advancements in the sector. For example, rail corrugation measuring systems based on laser technology are ideally suited for high-speed trains. To lessen the noise made during transit, the tracks' corrugation is measured.
Typically, there is a 7 dB increase in noise. The rail corrugation measurement systems often evaluate the tracks section by section, assisting in effective planning for replacement. Additionally, the TGMS market has seen a general increase due to the rise in railroad accidents caused by factors like faulty tracks, derailments, unsafe railroad crossings, and stranded cars on the tracks. Trains can frequently be derailed if the rails are not properly maintained. These elements promote market expansion.
Similarly, in the Kingdom of Saudi Arabia, a modern rail network connecting all of the kingdom's provinces is being built by the government for a cost of more than $90 billion by 2040. To enable quick urbanization and growth, these public transportation mega-projects will get over obstacles and blockades that the Saudi Arabian region is currently experiencing. Some major projects that aim to facilitate the region's progress include Saudi Railway Master Plan, GCC Railway Project, and Riyadh and Jeddah Metro. Other projects include Al Mashaaer Al Mugaddassah Metro, Haramain High-Speed Rail Project, and Doha Metro. Such widespread railway construction and expansion projects throughout the region are immensely increasing the demand for TGMS and hence, accelerating the growth of the track geometry measurement system market.
The Brazil market dominated the LAMEA Track Geometry Measurement System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $69.7 Million by 2028. The Argentina market is exhibiting a CAGR of 8.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Operation, the market is segmented into Contact and Contactless. Based on Railway Type, the market is segmented into Mass Transit Railways, High-Speed Railways, Heavy Haul Railways, and Light Railways. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Track Geometry Measurement System Market is Predict to reach $4.4 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Balfour Beatty Plc, Bentley Systems, Inc., Egis Group, Fugro N.V., Trimble, Inc., ENSCO, Inc., E.S.I.M. Group, Plasser & Theurer, and MER MEC S.p.A. (Angel Company).
Scope of the Study
Market Segments Covered in the Report:
By Component
By Operation
By Railway Type
- Mass Transit Railways
- High-Speed Railways
- Heavy Haul Railways
- Light Railways
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Balfour Beatty Plc
- Bentley Systems, Inc.
- Egis Group
- Fugro N.V.
- Trimble, Inc.
- ENSCO, Inc.
- E.S.I.M. Group
- Plasser & Theurer
- MER MEC S.p.A. (Angel Company)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Track Geometry Measurement System Market, by Component
1.4.2 LAMEA Track Geometry Measurement System Market, by Operation
1.4.3 LAMEA Track Geometry Measurement System Market, by Railway Type
1.4.4 LAMEA Track Geometry Measurement System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Track Geometry Measurement System Market by Component
3.1 LAMEA Hardware Market by Country
3.2 LAMEA Software Market by Country
3.3 LAMEA Services Market by Country
Chapter 4. LAMEA Track Geometry Measurement System Market by Operation
4.1 LAMEA Contact Market by Country
4.2 LAMEA Contactless Market by Country
Chapter 5. LAMEA Track Geometry Measurement System Market by Railway Type
5.1 LAMEA Mass Transit Railways Market by Country
5.2 LAMEA High-Speed Railways Market by Country
5.3 LAMEA Heavy Haul Railways Market by Country
5.4 LAMEA Light Railways Market by Country
Chapter 6. LAMEA Track Geometry Measurement System Market by Country
6.1 Brazil Track Geometry Measurement System Market
6.1.1 Brazil Track Geometry Measurement System Market by Component
6.1.2 Brazil Track Geometry Measurement System Market by Operation
6.1.3 Brazil Track Geometry Measurement System Market by Railway Type
6.2 Argentina Track Geometry Measurement System Market
6.2.1 Argentina Track Geometry Measurement System Market by Component
6.2.2 Argentina Track Geometry Measurement System Market by Operation
6.2.3 Argentina Track Geometry Measurement System Market by Railway Type
6.3 UAE Track Geometry Measurement System Market
6.3.1 UAE Track Geometry Measurement System Market by Component
6.3.2 UAE Track Geometry Measurement System Market by Operation
6.3.3 UAE Track Geometry Measurement System Market by Railway Type
6.4 Saudi Arabia Track Geometry Measurement System Market
6.4.1 Saudi Arabia Track Geometry Measurement System Market by Component
6.4.2 Saudi Arabia Track Geometry Measurement System Market by Operation
6.4.3 Saudi Arabia Track Geometry Measurement System Market by Railway Type
6.5 South Africa Track Geometry Measurement System Market
6.5.1 South Africa Track Geometry Measurement System Market by Component
6.5.2 South Africa Track Geometry Measurement System Market by Operation
6.5.3 South Africa Track Geometry Measurement System Market by Railway Type
6.6 Nigeria Track Geometry Measurement System Market
6.6.1 Nigeria Track Geometry Measurement System Market by Component
6.6.2 Nigeria Track Geometry Measurement System Market by Operation
6.6.3 Nigeria Track Geometry Measurement System Market by Railway Type
6.7 Rest of LAMEA Track Geometry Measurement System Market
6.7.1 Rest of LAMEA Track Geometry Measurement System Market by Component
6.7.2 Rest of LAMEA Track Geometry Measurement System Market by Operation
6.7.3 Rest of LAMEA Track Geometry Measurement System Market by Railway Type
Chapter 7. Company Profiles
7.1 Siemens AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Balfour Beatty Plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Bentley Systems, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Egis Group
7.4.1 Company Overview
7.4.2 Financial Analysis
7.5 Fugro N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Trimble, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 ENSCO, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Acquisition and Mergers:
7.8 E.S.I.M. Group
7.8.1 Company Overview
7.9 Plasser & Theurer
7.9.1 Company Overview
7.10. MER MEC S.p.A. (Angel Company)
7.10.1 Company Overview
TABLE 1 LAMEA Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 12 LAMEA Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 13 LAMEA Contact Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Contact Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Contactless Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Contactless Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 18 LAMEA Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 19 LAMEA Mass Transit Railways Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Mass Transit Railways Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA High-Speed Railways Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA High-Speed Railways Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Heavy Haul Railways Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Heavy Haul Railways Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Light Railways Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Light Railways Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Track Geometry Measurement System Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Track Geometry Measurement System Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 30 Brazil Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 31 Brazil Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 32 Brazil Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 33 Brazil Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 34 Brazil Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 35 Brazil Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 36 Brazil Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 37 Argentina Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 38 Argentina Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 39 Argentina Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 40 Argentina Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 41 Argentina Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 42 Argentina Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 43 Argentina Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 44 Argentina Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 45 UAE Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 46 UAE Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 47 UAE Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 48 UAE Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 49 UAE Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 50 UAE Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 51 UAE Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 52 UAE Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 61 South Africa Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 62 South Africa Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 63 South Africa Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 64 South Africa Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 65 South Africa Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 66 South Africa Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 67 South Africa Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 68 South Africa Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 69 Nigeria Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 70 Nigeria Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 71 Nigeria Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 72 Nigeria Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 73 Nigeria Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 74 Nigeria Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 75 Nigeria Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 76 Nigeria Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Track Geometry Measurement System Market, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Track Geometry Measurement System Market, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Track Geometry Measurement System Market by Component, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Track Geometry Measurement System Market by Component, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Track Geometry Measurement System Market by Operation, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Track Geometry Measurement System Market by Operation, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Track Geometry Measurement System Market by Railway Type, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Track Geometry Measurement System Market by Railway Type, 2022 - 2028, USD Million
TABLE 85 Key Information – Siemens AG
TABLE 86 Key Information – Balfour Beatty Plc
TABLE 87 Key Information – Bentley Systems, Inc.
TABLE 88 Key Information – Egis Group
TABLE 89 Key Information – Fugro N.V.
TABLE 90 Key Information – Trimble, Inc.
TABLE 91 Key information – ENSCO, Inc.
TABLE 92 Key Information – E.S.I.M. Group
TABLE 93 Key Information – Plasser & Theurer
TABLE 94 Key Information – MER MEC S.p.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Siemens AG