Global Peripheral Equipment Inspection Instrument Markets, 2015-2020 & 2021-2028: Rise in Congestion Due to Aging Railway Infrastructure & Increased Adoption of IoT and Digitalization - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Peripheral Equipment Inspection Instrument Market - Market Size & Forecasting (2017-2028)" report has been added to ResearchAndMarkets.com's offering.

The market for peripheral equipment inspection instruments is expected to reach USD 162.96 million in 2020 growing at a CAGR of 3.6% over the forecast period.

The report also studies the recent industry of peripheral equipment inspection instrument market dynamics like opportunities, challenges, driving factors, restraining factors as well as market news like investments, mergers and acquisitions. It also offers market size, growth rate by types, application as well as compile quantitative and qualitative methods for making micro and macroeconomic forecasts in various countries and regions.

Growth opportunities

The advent of globalization has had a strong impact on all modes of transport including rail transport. There is a need for improved speed, safety, and reliability. The future of the rail transport ecosystem must, therefore, provide solutions to meet demand from source to destination, with high quality services, regardless of the distance travelled or the number of steps taken to reach the destination.

Globally, all players in the public and private sectors have recognized the need for improved transport infrastructure. Organizations see the ability of smarter rail transport to solve this need. Both of these factors would ultimately fuel the demand for advanced transport infrastructure and security of railways, thereby creating immense growth opportunities for the peripheral equipment inspection instrument market.

Regional development

The Asia Pacific peripheral equipment inspection instrument market was USD 63.71 Million in 2020, and it is expected to exhibit a CAGR of 4.4% during the forecast period.

The Asia-Pacific region is expected to be a highly lucrative market for peripheral equipment inspection instrument due to the substantial expansion of the rail network in the region. There are large conventional rail tracks in countries such as China, India, and Japan. Over the forecast period, these countries are expected to drive the Asia Pacific peripheral equipment inspection instrument market.

Europe is the second largest economy in the world in nominal terms. The existence of a large number of market players in the region has facilitated the early adoption of technical developments in peripheral equipment inspection instruments. Metro rail networks are one of the largest urban public transit systems in Europe, carrying millions of passengers every day. Europe is home to the oldest metro system in the world, London Underground. It is going to be the second fastest growing market during the forecast period.

Competitive Landscape

The competitive scenario highlights the performance of major companies operating in this market. This includes detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in recent years.

The major companies profiled in the report include Wayside Inspection Devices, Argos Systems, Trimble Inc, Rti Group, American Equipment Company (Ameco), Nordco, Herzog, and others.

These companies have adopted product development, expansion, and merger strategies to consolidate their market position amid intense competition.

Key Topics Covered:

1 Market Abstract

2 Market Introduction

3. Research Practice

4 Key Related Data

4.1 Competitive Positioning

4.1.1 Product Positioning

4.1.2 Regional Reach Positioning

4.2 Technological Advancements

4.3 Major Investments in the Last Five Years by Global Players

4.4 Key Industry Trends in Major Countries

4.4.1 Japan

4.4.2 China

4.4.3 UK

4.5 Standards and Regulations

4.6 Covid- 19 Impact on Peripheral Equipment Inspection Instrument Market

4.6.1 U.S.

4.6.2 India

4.6.3 China

4.6.4 Japan

4.6.5 Russia

5 Impact Factor Analysis

5.1 Drivers/Restraints/Opportunities/Challenges

5.1.1 Drivers

5.1.1.1 Rise in Congestion Due to Aging Railway Infrastructure

5.1.1.2 Increased Adoption of IoT and Digitalization

5.1.2 Restraints

5.1.2.1 High Installation Cost Associated With Peripheral Equipment Inspection Instrument

5.1.3 Opportunities

5.1.3.1 Growing Need for Advanced Transportation Infrastructure

5.1.4 Challenges

5.1.4.1 Integration Complexities Over Legacy Systems and Networks

5.2 Porter's Five Forces Model

6 Market Development Analysis

6.1 Overview

6.2 New Product Development / Product Launch (2015-2020)

6.3 Agreements, Partnership & Collaborations (2015-2020)

7 Peripheral Equipment Inspection Instrument Market, by Type

7.1 Introduction

7.2 Wayside Structures

7.3 Track Inspection

7.4 Overhead Line Inspection

7.5 Other Types

8 Peripheral Equipment Inspection Instrument Market, by Railway Type

8.1 Introduction

8.2 Monorail

8.3 Heavy Rails

8.4 Metro Rails

8.5 Bullet Train

8.6 Other Railway Types

9 Peripheral Equipment Inspection Instrument Market, Regional Analysis

9.1 Introduction

10 Company Profiles

• Harsco Corporation
• Trimble Inc.
• Sperry Rail Inc.
• Wayside Inspection Device (Wid)
• Rail Technology International
• American Equipment Company (Ameco)
• Nordco Inc.
• Herzog

For more information about this report visit https://www.researchandmarkets.com/r/78x5vr