The North American Railway Maintenance Machinery market size was valued at 774 million US$ in 2019 and is expected to reach 1.163.1 trillion US$ by 2028, growing at a CAGR of 6% from 2021 to 2027. The exponential growth of population along with rapid urbanization has resulted in increased traffic. Transportation of goods by road and from one place to another. Therefore, rail is a better, cheaper and safer mode of transport. Rising government investment in railway infrastructure development in countries such as the United States, Canada and Mexico is propelling the growth of the North American railway maintenance machinery market.
A full report of North America Railway Maintenance Machinery Market available at: https://www.orionmarketreports.com/network-automation-market/49731/
Key companies profiled in the report include Caterpillar Inc. (Progress Rail Services Corporation), Coril Holdings Ltd. (Loram Maintenance of Way, Inc.), Curran Group, Inc. (Holland LP), Fluor Corporation (American Equipment Company, Inc.), Geismar, Harsco Corporation, Knox Kershaw Inc., Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., ROBEL Bahnbaumaschinen GmbH, Wabtec Corporation (Nordco Inc.).
North America Railway Maintenance Machinery Market- Segmentation
By Product Type
• Tamping Machine
• Stabilizing Machinery
• Rail Handling Machinery
• Ballast Cleaning Machine
• Others
By Application
• Ballast Track
• Non-ballast track
By Sales Type
• New Sales
• Aftermarket Sales
• Services
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
