Rail Gearbox Market Size - By Product (Bevel, Helical, Planetary), By Application (Passenger Rail, Freight Rail, High-Speed Rail, Light Rail), By Material (Steel, Aluminum, Composite Materials) & Forecast, 2024 – 2032

Nova Bus (Volvo Group), Proterra Inc, Traton, Temsa Global Sanayi Ve Ticaret A.?, Volvo Group, Yutong Group, and Zhongtong Bus Holding Co., Ltd. among others.

Asia Pacific market recorded over 30% share in 2023, due to an extensive and well-established rail networks require constant maintenance and upgrades.

The market size of rail gearbox reached USD 3.7 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, led by growing need for supporting product launches and innovations from leading companies in the industry.

The helical rail gearbox industry held over 40% share in 2023, owing to its efficiency and ability to handle high loads with minimal noise and vibration.