Rail Gangway Market Forecast
Regional Forecast:
The Rail Gangway market in North America is driven by the presence of key players such as Wabtec Corporation, HÜBNER GmbH & Co. KG, and NEM Solutions. The United States and Canada are major contributors to the growth of the market in this region due to increasing investments in public transportation infrastructure. The demand for efficient and safe rail gangways is expected to drive market growth in North America.
Asia Pacific:
In Asia Pacific, countries such as China, Japan, and South Korea are witnessing significant growth in the rail gangway market. The presence of major manufacturers such as Nippon Signal Co., Ltd. and KTK Group is boosting the market in this region. Rapid urbanization and increasing demand for high-speed rail networks are driving the growth of the rail gangway market in Asia Pacific.
Largest Region
Asia Pacific
40% Market Share in 2023
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Europe:
Europe, particularly the United Kingdom, Germany, and France, is a key region for the rail gangway market. Companies like Knorr-Bremse AG and Schunk Group are leading players in this market in Europe. Stringent regulations regarding passenger safety and increasing investments in urban rail infrastructure are fueling the demand for advanced rail gangway systems in these countries.
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