The global rail gangways market is experiencing a surge in demand, with projections indicating a significant rise in value from $560.80 million in 2022 to an impressive $961.1 million by 2032. This translates to a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032, according to a recent report by Allied Market Research.
Europe currently dominates the market, driven by a strong focus on interoperability, substantial investments in rail infrastructure, and collaborative efforts between rail manufacturers and gangway system providers to enhance passenger comfort. Countries like the UK, Germany, and France are leading this expansion, prioritizing standardized and compatible gangway systems across their rail networks. The European Union’s commitment to making rail networks more passenger-friendly, through regulations and encouragement of private industry involvement, further fuels this growth.
Rapid urbanization in developing European nations, coupled with increased investment in rail infrastructure and the strong presence of key market players like HUBNER GmbH & Co. KG and Kasper-Elektronik GmbH, contribute to the region’s flourishing market. For instance, in May 2023, HÜBNER GmbH & Co. KG secured a contract from the Spanish railway manufacturer Construcciones y Auxiliar de Ferrocarriles (CAF) to supply 172 gangway systems for new DLR trains in London, demonstrating the ongoing innovation and collaboration within the industry.
The metro segment is rapidly emerging as one of the fastest-growing areas within the rail gangways market. Metros, high-capacity public transportation systems prevalent in urban areas, are becoming increasingly important as cities expand and modernize. These systems require gangway solutions that enhance train capacity, improve passenger flow, and ensure safety. In February 2023, New York’s Metropolitan Transportation Authority (MTA) announced plans to introduce open gangway trains, designed to improve train capacity and provide more space for passengers with wheelchairs, bikes, strollers, or luggage. This shift towards more spacious and accessible trains reflects broader trends in the metro and subway segment, which is projected to grow at the highest CAGR of 6.6% from 2023 to 2032.
The growing demand for lightweight and energy-efficient solutions in the railroad industry is driving the adoption of aluminum in rail gangways. In 2022, the aluminum segment held the largest market share, accounting for over one-third of global rail gangways market revenue. This trend is expected to continue, with the segment projected to maintain its leading position throughout the forecast period. Aluminum’s properties, including durability, strength, and corrosion resistance, make it an ideal material for developing innovative and efficient rail gangway designs.
As passenger transportation via trains continues to rise and urbanization accelerates globally, the demand for advanced rail gangways is expected to grow significantly, presenting substantial opportunities for manufacturers. Key players in the rail gangways market, including Airflow Equipments (India) Pvt. Limited, ATG Autotechnik GmbH, Dellner, Chongqing Hengtairail Equipment Co., Ltd., HUBNER GmbH & Co. KG, Hutchinson, Kasper-Elektronik GmbH, KTK Group, Narita MFG., Ltd., and Victall, are at the forefront of developing and implementing innovative gangway systems to meet the evolving needs of the rail industry.
While Europe currently leads the rail gangways market, the Asia-Pacific region is projected to witness the highest growth, with a projected CAGR of 6.6% from 2023 to 2032. Countries such as China, India, Australia, and Japan are focusing on developing metro and monorail systems to reduce travel time and manage pollution, driving the demand for advanced rail gangways in the region.
With rapid urbanization and increasing passenger transportation needs, the rail gangways market is primed for significant growth, offering ample opportunities for innovation and development in the years to come.
