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Machinery & Equipment Global Forged Railway Wheels Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4650179
    • |
  • 18 November, 2025
    • |
  • Global
    • |
  • 119 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Forged Railway Wheels market size was valued at US$ 1343 million in 2024 and is forecast to a readjusted size of USD 1782 million by 2031 with a CAGR of 4.1% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
A train wheel, or rail wheel, is a specialized type of wheel designed for use on railway tracks. It serves as the rolling element, usually pressed onto an axle and mounted directly onto a railway carriage or locomotive, or indirectly onto a bogie (UK) or truck (North America). The powered wheels of a locomotive are called driving wheels. Train wheels are initially forged or cast, followed by heat treatment to achieve the desired hardness. Compared to cast wheels, forged wheels offer superior internal quality and mechanical properties, making them highly suitable for demanding applications such as high-speed and heavy-haul trains. Most countries, including China, widely adopt the die forging and rolling method to manufacture forged train wheels.
This report is a detailed and comprehensive analysis for global Forged Railway Wheels market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Forged Railway Wheels market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Forged Railway Wheels market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Forged Railway Wheels market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Forged Railway Wheels market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Forged Railway Wheels
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Forged Railway Wheels market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include OMK Steel, Masteel Group, Interpipe, EVRAZ NTMK, Taiyuan Heavy Industry, Datong ABC Castings Company Limited (DACC), Nippon Steel corporation, GHH-Bonatrans, Bochumer Verein Verkehrstechnik (BVV), Lucchini RS, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Forged Railway Wheels market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
High Speed
Freight Wagons
Passenger Wagons
Locos
Market segment by Application
OE Market
AM Market
Major players covered
OMK Steel
Masteel Group
Interpipe
EVRAZ NTMK
Taiyuan Heavy Industry
Datong ABC Castings Company Limited (DACC)
Nippon Steel corporation
GHH-Bonatrans
Bochumer Verein Verkehrstechnik (BVV)
Lucchini RS
ZHIQI RAILWAY EQUIPMENT
CAF
Molycop
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Forged Railway Wheels product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Forged Railway Wheels, with price, sales quantity, revenue, and global market share of Forged Railway Wheels from 2020 to 2025.
Chapter 3, the Forged Railway Wheels competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Forged Railway Wheels breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Forged Railway Wheels market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Forged Railway Wheels.
Chapter 14 and 15, to describe Forged Railway Wheels sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Forged Railway Wheels Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 High Speed
    • 1.3.3 Freight Wagons
    • 1.3.4 Passenger Wagons
    • 1.3.5 Locos
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Forged Railway Wheels Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 OE Market
    • 1.4.3 AM Market
  • 1.5 Global Forged Railway Wheels Market Size & Forecast
    • 1.5.1 Global Forged Railway Wheels Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Forged Railway Wheels Sales Quantity (2020-2031)
    • 1.5.3 Global Forged Railway Wheels Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 OMK Steel
    • 2.1.1 OMK Steel Details
    • 2.1.2 OMK Steel Major Business
    • 2.1.3 OMK Steel Forged Railway Wheels Product and Services
    • 2.1.4 OMK Steel Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 OMK Steel Recent Developments/Updates
  • 2.2 Masteel Group
    • 2.2.1 Masteel Group Details
    • 2.2.2 Masteel Group Major Business
    • 2.2.3 Masteel Group Forged Railway Wheels Product and Services
    • 2.2.4 Masteel Group Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Masteel Group Recent Developments/Updates
  • 2.3 Interpipe
    • 2.3.1 Interpipe Details
    • 2.3.2 Interpipe Major Business
    • 2.3.3 Interpipe Forged Railway Wheels Product and Services
    • 2.3.4 Interpipe Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Interpipe Recent Developments/Updates
  • 2.4 EVRAZ NTMK
    • 2.4.1 EVRAZ NTMK Details
    • 2.4.2 EVRAZ NTMK Major Business
    • 2.4.3 EVRAZ NTMK Forged Railway Wheels Product and Services
    • 2.4.4 EVRAZ NTMK Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 EVRAZ NTMK Recent Developments/Updates
  • 2.5 Taiyuan Heavy Industry
    • 2.5.1 Taiyuan Heavy Industry Details
    • 2.5.2 Taiyuan Heavy Industry Major Business
    • 2.5.3 Taiyuan Heavy Industry Forged Railway Wheels Product and Services
    • 2.5.4 Taiyuan Heavy Industry Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Taiyuan Heavy Industry Recent Developments/Updates
  • 2.6 Datong ABC Castings Company Limited (DACC)
    • 2.6.1 Datong ABC Castings Company Limited (DACC) Details
    • 2.6.2 Datong ABC Castings Company Limited (DACC) Major Business
    • 2.6.3 Datong ABC Castings Company Limited (DACC) Forged Railway Wheels Product and Services
    • 2.6.4 Datong ABC Castings Company Limited (DACC) Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Datong ABC Castings Company Limited (DACC) Recent Developments/Updates
  • 2.7 Nippon Steel corporation
    • 2.7.1 Nippon Steel corporation Details
    • 2.7.2 Nippon Steel corporation Major Business
    • 2.7.3 Nippon Steel corporation Forged Railway Wheels Product and Services
    • 2.7.4 Nippon Steel corporation Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Nippon Steel corporation Recent Developments/Updates
  • 2.8 GHH-Bonatrans
    • 2.8.1 GHH-Bonatrans Details
    • 2.8.2 GHH-Bonatrans Major Business
    • 2.8.3 GHH-Bonatrans Forged Railway Wheels Product and Services
    • 2.8.4 GHH-Bonatrans Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 GHH-Bonatrans Recent Developments/Updates
  • 2.9 Bochumer Verein Verkehrstechnik (BVV)
    • 2.9.1 Bochumer Verein Verkehrstechnik (BVV) Details
    • 2.9.2 Bochumer Verein Verkehrstechnik (BVV) Major Business
    • 2.9.3 Bochumer Verein Verkehrstechnik (BVV) Forged Railway Wheels Product and Services
    • 2.9.4 Bochumer Verein Verkehrstechnik (BVV) Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Bochumer Verein Verkehrstechnik (BVV) Recent Developments/Updates
  • 2.10 Lucchini RS
    • 2.10.1 Lucchini RS Details
    • 2.10.2 Lucchini RS Major Business
    • 2.10.3 Lucchini RS Forged Railway Wheels Product and Services
    • 2.10.4 Lucchini RS Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Lucchini RS Recent Developments/Updates
  • 2.11 ZHIQI RAILWAY EQUIPMENT
    • 2.11.1 ZHIQI RAILWAY EQUIPMENT Details
    • 2.11.2 ZHIQI RAILWAY EQUIPMENT Major Business
    • 2.11.3 ZHIQI RAILWAY EQUIPMENT Forged Railway Wheels Product and Services
    • 2.11.4 ZHIQI RAILWAY EQUIPMENT Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 ZHIQI RAILWAY EQUIPMENT Recent Developments/Updates
  • 2.12 CAF
    • 2.12.1 CAF Details
    • 2.12.2 CAF Major Business
    • 2.12.3 CAF Forged Railway Wheels Product and Services
    • 2.12.4 CAF Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 CAF Recent Developments/Updates
  • 2.13 Molycop
    • 2.13.1 Molycop Details
    • 2.13.2 Molycop Major Business
    • 2.13.3 Molycop Forged Railway Wheels Product and Services
    • 2.13.4 Molycop Forged Railway Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Molycop Recent Developments/Updates

3 Competitive Environment: Forged Railway Wheels by Manufacturer

  • 3.1 Global Forged Railway Wheels Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Forged Railway Wheels Revenue by Manufacturer (2020-2025)
  • 3.3 Global Forged Railway Wheels Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Forged Railway Wheels by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Forged Railway Wheels Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Forged Railway Wheels Manufacturer Market Share in 2024
  • 3.5 Forged Railway Wheels Market: Overall Company Footprint Analysis
    • 3.5.1 Forged Railway Wheels Market: Region Footprint
    • 3.5.2 Forged Railway Wheels Market: Company Product Type Footprint
    • 3.5.3 Forged Railway Wheels Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Forged Railway Wheels Market Size by Region
    • 4.1.1 Global Forged Railway Wheels Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Forged Railway Wheels Consumption Value by Region (2020-2031)
    • 4.1.3 Global Forged Railway Wheels Average Price by Region (2020-2031)
  • 4.2 North America Forged Railway Wheels Consumption Value (2020-2031)
  • 4.3 Europe Forged Railway Wheels Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Forged Railway Wheels Consumption Value (2020-2031)
  • 4.5 South America Forged Railway Wheels Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Forged Railway Wheels Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 5.2 Global Forged Railway Wheels Consumption Value by Type (2020-2031)
  • 5.3 Global Forged Railway Wheels Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 6.2 Global Forged Railway Wheels Consumption Value by Application (2020-2031)
  • 6.3 Global Forged Railway Wheels Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 7.2 North America Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 7.3 North America Forged Railway Wheels Market Size by Country
    • 7.3.1 North America Forged Railway Wheels Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Forged Railway Wheels Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 8.2 Europe Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 8.3 Europe Forged Railway Wheels Market Size by Country
    • 8.3.1 Europe Forged Railway Wheels Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Forged Railway Wheels Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Forged Railway Wheels Market Size by Region
    • 9.3.1 Asia-Pacific Forged Railway Wheels Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Forged Railway Wheels Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 10.2 South America Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 10.3 South America Forged Railway Wheels Market Size by Country
    • 10.3.1 South America Forged Railway Wheels Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Forged Railway Wheels Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Forged Railway Wheels Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Forged Railway Wheels Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Forged Railway Wheels Market Size by Country
    • 11.3.1 Middle East & Africa Forged Railway Wheels Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Forged Railway Wheels Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Forged Railway Wheels Market Drivers
  • 12.2 Forged Railway Wheels Market Restraints
  • 12.3 Forged Railway Wheels Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Forged Railway Wheels and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Forged Railway Wheels
  • 13.3 Forged Railway Wheels Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Forged Railway Wheels Typical Distributors
  • 14.3 Forged Railway Wheels Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Forged Railway Wheels. Industry analysis & Market Report on Forged Railway Wheels is a syndicated market report, published as Global Forged Railway Wheels Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Forged Railway Wheels market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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