The Global Rail Flaw Detection Market was estimated to value USD 4,499 thousand units in 2021 and is projected to grow at a CAGR of 7.10% during the forecast period 2021 to 2030. In the railway industry, rail flaw detection process is usually used to test the numerous properties of parts, structures, and materials without further damage.
The technique of rail flaw detection is a useful process for the timely diagnosis and assessment of faults in components. As it provides for early identification of surface as well as subsurface flaws in finished and work-in-progress components, it is one of the important quality management tools in the railway system.
Rail flaw detection methods are used to detect flaws and structural integrity in railway lines. The main factors that are propelling the development of the industry are strict government rules and laws on public safety & product quality and continuing growths in railways. The increasing application of IoT devices and the need to evaluate the health of aging assets are also expected to drive the growth of the rail flaw detection market.
A defect that can eventually lead to the failure or breakage of the rail is considered a flaw. It is important to notice these flaws and take suitable action to eliminate them. Rail flaws can be recognized by visual inspection of the ends of the rail or by equipment that can detect rail flaws.
In the event of light not being adequate, a mirror is often used to imitate light on the joints. However, in recent times, ultrasonic rail flaw detectors (USFDs) have been increasingly used for flaw detection in global railways. This system is also defined as a non-destructive technique of testing rails in the rail flaw detection market.
Major factors that are propelling the demand for rail flaw detection equipment and services are the equipment use specifications, increasing machine complexity, strict quality assurance requirements, and strict enforcement of government regulations to ensure the safety of the workforce.
The demand for rail flaw detection and inspection services is gaining momentum. For major companies, it is very important to enhance their global presence and at the same time, generate a highly qualified workforce for providing effective rail flaw detection and inspection services.
Governments from various regions have implemented legislation to strengthen the safety features of railways, which is driving the demand for rail flaw detection equipment for achieving high standards of rail safety and protection.
Strict government guidelines and the high complication of rail inspection and flaw detection techniques lead to the increasing requirement for skilled inspectors and testers. The shortage of skilled workforce such as ultrasonic inspectors, skilled testing engineers, and laborers are restraining the market growth.
TABLE 1: GLOBAL RAIL FLAW DETECTION MARKET OVERALL SNAPSHOT
The COVID-19 Impact of Rail Flaw Detection Market
The impact of COVID-19 on the rail flaw detection market is closely observed by QMI. The disease has spread across the globe. The COVID-19 pandemic had a negative impact on the rail flaw detection market. Across the globe, the shutdown of industrial, financial, and tourism markets has been mainly damaged. Various international agencies have stated that the global economy is experiencing slow development. Travel has been banned across the world, which will affect the market growth in COVID-19 period.
Segmentation
Global rail flaw detection market is segmented into product type, railway type, and region.
FIGURE 1: GLOBAL RAIL FLAW DETECTION MARKET SEGMENTATION OVERVIEW
Product Type Analysis of Rail Flaw Detection Market
Based on product type, the market is classified into ultrasonic inspection, electromagnetic inspection, and others.
The ultrasonic inspection segment is expected to hold the largest market during the forecast period. The segment growth is attributed to ultrasonic inspection equipment that provides real-time data due to the increase in demand for communication technologies and improvements in data collection and analytics software. These devices can also stream the live analysis and store cloud data on the live analysis.
Moreover, railways are emerging as important users of non-destructive testing (NDT) ultrasonic test equipment. Countries that play a significant role in Europe and Asia invest heavily in the expansion and upgrading of their rail networks. As a result, demand for high-speed trains has increased, that will drive the demand for ultrasonic inspection segment.
Railway Type Analysis of Rail Flaw Detection Market
Based on railway type, the market is classified into heavy rails, metro rails, monorail, bullet train, and others.
The heavy rails segment is projected to hold the largest market during the forecast period. The segment growth is due to high speed and great capacity than other modes of transportation. Additionally, heavy rail costs significantly less per passenger mile for an individual.
Regional Analysis of Rail Flaw Detection Market
The rail flaw detection market is segmented based on regions as North America, Europe, Asia Pacific, Middle East and Africa, and South America.
North America rail flaw detection market is expected to be the largest market during the forecast period. It is primarily dominated by the U.S., Canada, and Mexico. Among these, the U.S. is a major contributor to the growth of the North America rail flaw detection market. The presence of major players operating in U.S. include Sperry Rail Service, American Equipment Company, Inc., Nordco, Inc., Herzog, and others.
Additionally, the ever-rising need to internally inspect the rail at high speed to avoid track flaw and related accidents and integrate it with high-speed contactless technologies to overcome current technologies limitations is driving the regional market growth. In addition, major players are increasingly focusing on product quality, customer service, and safety contributing to regional market growth.
TABLE 2: GLOBAL RAIL FLAW DETECTION MARKET OVERVIEW
Key Development
- May 2019- As HSR Constructors (U.S.), Stacy & Witbeck, Inc. (U.S.), Herzog Contracting Corp. (U.S.), and RailWorks Corp (U.S.). partnered to work on two sections of the Phase 2 Virgin Trains USA project that extends passenger service between West Palm Beach to Orlando, FL.
- November 2016- Angelo Investments, the holding company of MERMEC, invested in TransPod Inc. The funding would be used towards the global expansion of TransPod and on-going research and development. TransPod Inc. would also provide Angelo Investments with complementary specific competencies and technological capabilities. As part of the alliance, the MERMEC, SITAEL, and BLACKSHAPE, the member companies of Angelo Investments, have become core industrial partners of TransPod Inc.
FIGURE 3: GLOBAL RAIL FLAW DETECTION MARKET (USD THOUSAND UNITS), 2021–2030
Market Segmentation
Product Type
- Ultrasonic Inspection
- Electromagnetic Inspection
- Others
Railway Type
- Heavy Rails
- Metro Rails
- Monorail
- Bullet Train
- Others
By Region
Analysis of North American Market
- North America, by Country
- U.S.
- Canada
- Mexico
- North America, by Product Type
- North America, by Railway Type
Analysis of European Market
- Europe, by Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Europe, by Product Type
- Europe, by Railway Type
Analysis of Asia Pacific Market
- Asia Pacific, by Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Asia Pacific, by Product Type
- Asia Pacific, by Railway Type
Analysis of Middle East and African Market
- Middle East and Africa, by Country
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East and Africa
- Middle East and Africa, by Product Type
- Middle East and Africa, by Railway Type
Analysis of South American Market
- South America, by Country
- Brazil
- Argentina
- Rest of South America
- South America, by Product Type
- South America, by Railway Type
Major Companies: The key players comprised in the research report are: American Equipment Company (AMECO) (U.S.), Tokyo Keiki (Japan), Speno (Switzerland), Sperry Rail Service (U.S.) RTI Group (Sweden), Xingtai Ultrasonic testing Machine (China), Hefei Chaoke (China), OKOndt Group (Ukraine).
Key Insights of this Report:
- To estimate the market size for the global rail flaw detection market on a global basis
- To classify key segments in global rail flaw detection market and estimate their market demand and shares
- To assess major factors leading the dynamics of the global rail flaw detection market with their potential gravity in the estimated time frame
- To offer pricing analysis for the stated products
Major Questioned Answered in the Study Report:
- What is the market size both in terms of volume and value for the global rail flaw detection market?
- Which are the top companies and who are the new entrance for market players that operate in the global rail flaw detection market with a projected market share?
- What are the future investment opportunities and pockets in the global rail flaw detection market?
- Impact of pandemic on the global rail flaw detection market
Customization:
- By sub-categories
- By customer-specific type, country, application, end use industry, market analysis, and overview
- Offering estimating analysis and potential list of customers
- Product-specific competitive analysis
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