Railway Gearbox Market - Top Companies and Manufacturers

Companies Dominating the Railway Gearbox Landscape

The global railway gearbox market is highly competitive, comprising key players operating at global and regional levels. Several major manufacturers are competing for market share in the market and are striving to launch advanced products and solutions and cater to the rising demand. These key players are focused on adopting several strategies such as product developments, mergers and acquisitions, and partnerships to enhance their product launches and maintain their market position. Here are some leading players in the railway gearbox market:

Hyundai Rotem Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Siemens AG
Voith GmbH & Co. KGaA
ZF Friedrichshafen AG
Bombardier Inc.
Alstom SA
ABB Ltd.
Huawei
Wabtec Corporation

Browse Key Market Insights with Data Illustration:

Railway Gearbox Market Size & Share, Growth Forecasts 2037

In the News

In June 2024, Huawei Accelerates Intelligent Urban Rail Development with the Release of a Technical White Paper on Smart Urban Rail All-Optical Network. Bangkok recently hosted the Asia Pacific Rail 2024 Huawei Global Railway Summit with great success. Xiang Xi, the director of Huawei Smart Transportation BU's Overseas Railway Development Department, presented the "Smart Urban Rail All-Optical Network technical whitepaper" and the solution "Leading Infrastructure to Accelerate Transportation Intelligence" at the event.
In April 2024, Wabtec Corporation and Australian Rail Track Corporation (ARTC) signed a digital solutions agreement. The two businesses will work together to create one of the few strategies being explored to address rail system interoperability in Australia.
in May 2023, ZF announced the launch of the Smart Oil Plug, a wireless, sensor-based solution developed in collaboration with industry data specialists. ZF's connect@rail portfolio, which provides extensive data and insights on the functionality and condition of railroad infrastructure and cars, will incorporate Smart Oil Plug. Consequently, this will lessen downtime and enhance maintenance.

Frequently Asked Questions (FAQ)

The railway gearbox market size was USD 4.1 billion in 2024.

The global railway gearbox market size was US 4.1 billion in 2024 and is likely to reach USD 7.9 billion by the end of 2037, expanding at a CAGR of 5.2% over the forecast period, i.e., 2025-2037.

Siemens AG, Voith GmbH & Co. KgaA, ZF Friedrichshafen AG, Bombardier Inc., Alstom SA, ABB Ltd., Huawei, and Wabtec Corporation are some key players in the market.

The helical segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 30.5% during the forecast period.

Railway Gearbox Market - Top Companies and Manufacturers

Companies Dominating the Railway Gearbox Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the railway gearbox market?

What is the outlook for the railway gearbox market?

Who are the major key players dominating the railway gearbox market?

Which solution segment is expected to lead the railway gearbox market by 2037?

Which region will provide more business opportunities for the growth of the railway gearbox market in the future?