Tamping Machine Market: Introduction
Tamping machine, otherwise known as ballast tamper, is a heavy machine used in tamping or packing of track ballasts underneath railway tracks, which helps make the tracks more durable. Before introduction of tamping machines, manual labor used to perform this task with the help of beaters. Tamping machines have made the task efficient, faster, more accurate and less labor-intensive. Tamping machines are also helpful for using concrete sleepers, which cannot be lifted by hand as they usually weigh over 250 kg. Earlier tamping machines were only capable of lifting tracks and pack ballast. But with the introduction of modern tamping machines, they are capable of lining and tamping of tracks as well as parallel alignment of the railway tracks. This reduces the mechanical strain on the rails and offers more comfortable ride to freight and passenger trains. Combining both tamping and lining into a single tamping machine has helped save a lot of time and money as it is capable of performing multi-tasks efficiently.
Tamping Machine Market: Dynamics
Tamping machines are a substitute to manual labor as they perform the task faster and more efficiently. Developed economies are expected to drive the tamping machines market as the automation in industry is more affordable and welcome in countries with strong economic background. Industrial growth will be an important factor contributing to the growth of tamping machine market, as it will directly drives the demand for transportation and logistics industry.
On the basis of type, multi-purpose tamping machines are expected to lead the market as they perform both tamping and lining of tracks. This helps save cost and time of using two separate machines, in turn reducing the operational time and labor costs.
Tamping machines are heavy machines associated with high costs, which may hamper the growth of the market in some emerging countries and in countries with poor economic background. However, they are expected to flourish in developed countries and are expected to have significant growth opportunities during the forecast period.
Tamping Machine: Market Segmentation
On the basis of type, the global tamping machine market has been segmented as:
On the basis of industry, the global tamping machine market has been segmented as:
On the basis of size, the global tamping machine market has been segmented as:
Tamping Machine Market: Regional Overview
Rail transportation of goods plays an important part in growing economies like China and India to support their ever growing economies. Especially in India, railway transportation plays an important role in transportation of people and carrying goods across the country. On the other hand, the Belt and Road initiative (BRI) by China to establish a direct route between major Eurasian countries and the country will be an important driver for tamping machine market in the region during the forecast period. These factors contribute towards Asia Pacific region having major market share in the tamping machine market in the forecast period. North America already has a vast railcar transport network, with majority of it being used for goods and cargo transportation. Due to this, the North America region is not expected to have a major growth rate in the tamping machine market, although it is expected occupy a significant market share. Increased investments in rail network in various parts of Africa by the Chinese government is expected to drive the tamping machine market in the region during the forecast period. Europe is expected to show a steady growth rate in the tamping machine market during the forecast period owing to the already well-established railway network in the region. Japan is expected to register a slow growth in the tamping machine market during the forecast period given the maturity of technology and railway industry in the region.
Global Tamping Machine Market: Key Players
Examples of some of the market participants in the global tamping machine market identified across the value chain include:
Brief Approach to Research
The research report presents a comprehensive assessment of the tamping machine market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The tamping machine research report provides analysis and information according to Tamping Machine market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Tamping Machine market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Tamping Machine market segments and geographies.