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Road-Rail Vehicles Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2027

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Rail network plays an important in any country’s economy. They serves as the largest in-land carrier for both passengers and goods. Also, railways are considered one of the most economical and safe mode of transportation. According to World Bank, currently the world has over 1.05 million kilometer of railway track under uses and which carries billions of population daily. These long spread railway lines requires regular maintenance which has to be done in stipulated time in order to avoid hindrance in the network. Railways across the world uses specially modified rolling stocks which are designed to carry equipment and perform the desired task. The solution of this are road-rail vehicles.

Road-Rail Vehicles Market: Market Participants – The global Road-Rail Vehicles (RRVs) market is a highly fragmented and is composed of limited number of local players involved in manufacturing and modifying with attachments complying local standards. Some examples of market players operating across the value chain of the Road-Rail Vehicles market include Aries Rail, Aquarius Railroad Technologies, Balfour Beatty Rail Limited, ZWEIWEG International GmbH & Co. KG., SaZ s. r. o., SRS Sjölanders AB., ZAGRO Bahn- und Baumaschinen GmbH, Goldschmidt Thermit Group, G. Zwiehoff GmbH, Harrybilt Engineering, among others.

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A road-rail vehicle abbreviated as RRV is an ordinary automobile with certain modification which facilitates it to operate on both on rail tracks and the conventional road. These are also termed as ‘Hyrail’ vehicles in some countries. However, relatively slow operation and requirement of skilled operator are the few critical aspects of these system.

Road-Rail Vehicles Market: Dynamics

Increasing population and rising load on the mass carrier has compelled countries to expand the rail network and increase the length of the trains by adding up extra wagons. One of the other major factor is urbanization and modernization of the public transport facilities. The urban population comprises over 54% share in the global population and is estimated to grow exponentially in coming years. In order to tackle the on road traffic problem and encourage public to use public mass transits, the governments are investing significant time and money for improving public transportation in the respective countries. Also, most of the anciently developed railway network run on the conventional fuel. Raising environmental pressure and depleting fuel resource is has resulted into rapid electrification of the railway lines especially in developing countries. Several other factors such as growing development of high speed railway network, replacement of old technologies, growing metros and subways construction projects, etc. are some of the other factors estimated to influence the road-rail vehicles market over the next coming years.

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There has been significant rate of private involvement in the railways operation, construction and maintenance works. The private players generally prefer to road-rail vehicle as they are relatively less capital intensives and require only a few thousand extra for rail wheel attachments.

Road-Rail Vehicles Market: Segmentation

The global Road-rail vehicle market can be segmented under following categories

On the Attachment Gauge Type:-

  • Fixed Gauge
  • Broad Gauge
  • Standard Gauge,
  • Meter Gauge
  • Narrow Gauge & Other
  • Adjustable Gauge

On the basis of Vehicle Type:-

  • Light Vehicles
  • Heavy Vehicles
  • Excavators
  • Plant & Machinery
  • Shunting Vehicles
  • Elevated Work Platforms

On the basis of Vehicle Application:-

  • Overhead Line Mounting Vehicles
  • Rail Cleaning Vehicles
  • Drainage Vehicles
  • Shunting vehicles
  • Construction & Earth Moving
  • Emergency Services
  • Survey
  • Special Purpose

On the basis of Ownership/Customer Type:-

  • Government Operator
  • Private Operators & Service Providers

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