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Machinery & Equipment Global Rail Wheels Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4668980
    • |
  • 22 January, 2026
    • |
  • Global
    • |
  • 139 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Rail Wheels market size was valued at US$ 3878 million in 2025 and is forecast to a readjusted size of US$ 5298 million by 2032 with a CAGR of 4.6% during review period.
A train wheel or Rail Wheel is a type of wheel specially designed for use on railway tracks. The wheel acts as a rolling component, typically pushed onto an axle and mounted directly on a railway carriage or locomotive, or indirectly on a bogie (in the UK), also called a truck (in North America). The powered wheels under the locomotive are called Driving Wheels. Wheels are initially cast or forged and then heat-treated to have a specific hardness.
In 2024, global Rail Wheels sales volume reached approximately 6.8 million units, with an average global market price of around US$ 530 per unit.
The rail wheel market shows robust global growth potential, as these critical components—responsible for bearing heavy loads, guiding trains safely along tracks, and transmitting traction and braking forces—are indispensable to the expansion, modernization, and maintenance of rail infrastructure worldwide, with demand driven by rising urbanization, surging passenger mobility, and the need for efficient, sustainable freight transport; governments across Asia-Pacific, Europe, North America, and emerging regions are heavily investing in high-speed rail networks, metro systems, light rail transit, and heavy-haul freight corridors, which directly stimulates the requirement for advanced, durable, and safety-compliant rail wheels; technological innovation is accelerating, with manufacturers adopting forged steel, composite materials, and heat-treated alloys to enhance fatigue resistance, extend lifecycle, and reduce maintenance costs, while advanced monitoring and predictive maintenance technologies are ensuring improved reliability and safety in rail operations; high-speed rail projects in China, India, and Europe demand precision-engineered wheels with superior dynamic stability, while freight-dominant markets such as North America and Russia prioritize wheels designed for extreme loads and long-haul durability; environmental policies and global sustainability initiatives further encourage rail adoption as a lower-carbon transport alternative, boosting wheel demand as part of broader railway electrification and modernization projects; aftermarket services—including refurbishment, re-profiling, and replacement—also represent a significant recurring revenue stream, as the global rail fleet continues to expand and age simultaneously; challenges such as fluctuating raw material prices, stringent regulatory standards, and the capital-intensive nature of wheel manufacturing exist, but are counterbalanced by strong public-private partnerships, government funding, and global commitments to green mobility; as a result, the rail wheel market is positioned as a vital enabler of the rail industry’s long-term growth, ensuring reliable, efficient, and safe railway systems across both developed and emerging economies.
This report is a detailed and comprehensive analysis for global Rail 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 Rail Wheels market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Rail Wheels market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Rail Wheels market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2021-2032
Global Rail Wheels market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2021-2026
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 Rail 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 Rail 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 Interpipe, Nippon Steel corporation, Standard Steel, OMK Steel, Masteel Group, EVRAZ NTMK, ZHIQI RAILWAY EQUIPMENT, Amsted Rail, Taiyuan Heavy Industry, Bochumer Verein Verkehrstechnik (BVV), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Rail Wheels market is split by Type and by Application. For the period 2021-2032, 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
Forged Wheels
Cast Wheels
Market segment by Application
Freight Train
Passenger Train
High-Speed Train
Locomotives
Major players covered
Interpipe
Nippon Steel corporation
Standard Steel
OMK Steel
Masteel Group
EVRAZ NTMK
ZHIQI RAILWAY EQUIPMENT
Amsted Rail
Taiyuan Heavy Industry
Bochumer Verein Verkehrstechnik (BVV)
GHH-Bonatrans
Lucchini RS
Datong ABC Castings Company Limited (DACC)
Xinyang Amsted Tonghe Wheels
CAF
Rail Wheels Factory
Comsteel
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 Rail Wheels product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Rail Wheels, with price, sales quantity, revenue, and global market share of Rail Wheels from 2021 to 2026.
Chapter 3, the Rail Wheels competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Rail Wheels breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
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 2021 to 2032.
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 2021 to 2026.and Rail Wheels market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
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 Rail Wheels.
Chapter 14 and 15, to describe Rail 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 Rail Wheels Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Forged Wheels
    • 1.3.3 Cast Wheels
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Rail Wheels Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Freight Train
    • 1.4.3 Passenger Train
    • 1.4.4 High-Speed Train
    • 1.4.5 Locomotives
  • 1.5 Global Rail Wheels Market Size & Forecast
    • 1.5.1 Global Rail Wheels Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Rail Wheels Sales Quantity (2021-2032)
    • 1.5.3 Global Rail Wheels Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Interpipe
    • 2.1.1 Interpipe Details
    • 2.1.2 Interpipe Major Business
    • 2.1.3 Interpipe Rail Wheels Product and Services
    • 2.1.4 Interpipe Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Interpipe Recent Developments/Updates
  • 2.2 Nippon Steel corporation
    • 2.2.1 Nippon Steel corporation Details
    • 2.2.2 Nippon Steel corporation Major Business
    • 2.2.3 Nippon Steel corporation Rail Wheels Product and Services
    • 2.2.4 Nippon Steel corporation Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Nippon Steel corporation Recent Developments/Updates
  • 2.3 Standard Steel
    • 2.3.1 Standard Steel Details
    • 2.3.2 Standard Steel Major Business
    • 2.3.3 Standard Steel Rail Wheels Product and Services
    • 2.3.4 Standard Steel Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Standard Steel Recent Developments/Updates
  • 2.4 OMK Steel
    • 2.4.1 OMK Steel Details
    • 2.4.2 OMK Steel Major Business
    • 2.4.3 OMK Steel Rail Wheels Product and Services
    • 2.4.4 OMK Steel Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 OMK Steel Recent Developments/Updates
  • 2.5 Masteel Group
    • 2.5.1 Masteel Group Details
    • 2.5.2 Masteel Group Major Business
    • 2.5.3 Masteel Group Rail Wheels Product and Services
    • 2.5.4 Masteel Group Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Masteel Group Recent Developments/Updates
  • 2.6 EVRAZ NTMK
    • 2.6.1 EVRAZ NTMK Details
    • 2.6.2 EVRAZ NTMK Major Business
    • 2.6.3 EVRAZ NTMK Rail Wheels Product and Services
    • 2.6.4 EVRAZ NTMK Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 EVRAZ NTMK Recent Developments/Updates
  • 2.7 ZHIQI RAILWAY EQUIPMENT
    • 2.7.1 ZHIQI RAILWAY EQUIPMENT Details
    • 2.7.2 ZHIQI RAILWAY EQUIPMENT Major Business
    • 2.7.3 ZHIQI RAILWAY EQUIPMENT Rail Wheels Product and Services
    • 2.7.4 ZHIQI RAILWAY EQUIPMENT Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 ZHIQI RAILWAY EQUIPMENT Recent Developments/Updates
  • 2.8 Amsted Rail
    • 2.8.1 Amsted Rail Details
    • 2.8.2 Amsted Rail Major Business
    • 2.8.3 Amsted Rail Rail Wheels Product and Services
    • 2.8.4 Amsted Rail Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Amsted Rail Recent Developments/Updates
  • 2.9 Taiyuan Heavy Industry
    • 2.9.1 Taiyuan Heavy Industry Details
    • 2.9.2 Taiyuan Heavy Industry Major Business
    • 2.9.3 Taiyuan Heavy Industry Rail Wheels Product and Services
    • 2.9.4 Taiyuan Heavy Industry Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Taiyuan Heavy Industry Recent Developments/Updates
  • 2.10 Bochumer Verein Verkehrstechnik (BVV)
    • 2.10.1 Bochumer Verein Verkehrstechnik (BVV) Details
    • 2.10.2 Bochumer Verein Verkehrstechnik (BVV) Major Business
    • 2.10.3 Bochumer Verein Verkehrstechnik (BVV) Rail Wheels Product and Services
    • 2.10.4 Bochumer Verein Verkehrstechnik (BVV) Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Bochumer Verein Verkehrstechnik (BVV) Recent Developments/Updates
  • 2.11 GHH-Bonatrans
    • 2.11.1 GHH-Bonatrans Details
    • 2.11.2 GHH-Bonatrans Major Business
    • 2.11.3 GHH-Bonatrans Rail Wheels Product and Services
    • 2.11.4 GHH-Bonatrans Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 GHH-Bonatrans Recent Developments/Updates
  • 2.12 Lucchini RS
    • 2.12.1 Lucchini RS Details
    • 2.12.2 Lucchini RS Major Business
    • 2.12.3 Lucchini RS Rail Wheels Product and Services
    • 2.12.4 Lucchini RS Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Lucchini RS Recent Developments/Updates
  • 2.13 Datong ABC Castings Company Limited (DACC)
    • 2.13.1 Datong ABC Castings Company Limited (DACC) Details
    • 2.13.2 Datong ABC Castings Company Limited (DACC) Major Business
    • 2.13.3 Datong ABC Castings Company Limited (DACC) Rail Wheels Product and Services
    • 2.13.4 Datong ABC Castings Company Limited (DACC) Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Datong ABC Castings Company Limited (DACC) Recent Developments/Updates
  • 2.14 Xinyang Amsted Tonghe Wheels
    • 2.14.1 Xinyang Amsted Tonghe Wheels Details
    • 2.14.2 Xinyang Amsted Tonghe Wheels Major Business
    • 2.14.3 Xinyang Amsted Tonghe Wheels Rail Wheels Product and Services
    • 2.14.4 Xinyang Amsted Tonghe Wheels Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Xinyang Amsted Tonghe Wheels Recent Developments/Updates
  • 2.15 CAF
    • 2.15.1 CAF Details
    • 2.15.2 CAF Major Business
    • 2.15.3 CAF Rail Wheels Product and Services
    • 2.15.4 CAF Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 CAF Recent Developments/Updates
  • 2.16 Rail Wheels Factory
    • 2.16.1 Rail Wheels Factory Details
    • 2.16.2 Rail Wheels Factory Major Business
    • 2.16.3 Rail Wheels Factory Rail Wheels Product and Services
    • 2.16.4 Rail Wheels Factory Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Rail Wheels Factory Recent Developments/Updates
  • 2.17 Comsteel
    • 2.17.1 Comsteel Details
    • 2.17.2 Comsteel Major Business
    • 2.17.3 Comsteel Rail Wheels Product and Services
    • 2.17.4 Comsteel Rail Wheels Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 Comsteel Recent Developments/Updates

3 Competitive Environment: Rail Wheels by Manufacturer

  • 3.1 Global Rail Wheels Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Rail Wheels Revenue by Manufacturer (2021-2026)
  • 3.3 Global Rail Wheels Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Rail Wheels by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Rail Wheels Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Rail Wheels Manufacturer Market Share in 2025
  • 3.5 Rail Wheels Market: Overall Company Footprint Analysis
    • 3.5.1 Rail Wheels Market: Region Footprint
    • 3.5.2 Rail Wheels Market: Company Product Type Footprint
    • 3.5.3 Rail 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 Rail Wheels Market Size by Region
    • 4.1.1 Global Rail Wheels Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Rail Wheels Consumption Value by Region (2021-2032)
    • 4.1.3 Global Rail Wheels Average Price by Region (2021-2032)
  • 4.2 North America Rail Wheels Consumption Value (2021-2032)
  • 4.3 Europe Rail Wheels Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Rail Wheels Consumption Value (2021-2032)
  • 4.5 South America Rail Wheels Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Rail Wheels Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Rail Wheels Sales Quantity by Type (2021-2032)
  • 5.2 Global Rail Wheels Consumption Value by Type (2021-2032)
  • 5.3 Global Rail Wheels Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Rail Wheels Sales Quantity by Application (2021-2032)
  • 6.2 Global Rail Wheels Consumption Value by Application (2021-2032)
  • 6.3 Global Rail Wheels Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Rail Wheels Sales Quantity by Type (2021-2032)
  • 7.2 North America Rail Wheels Sales Quantity by Application (2021-2032)
  • 7.3 North America Rail Wheels Market Size by Country
    • 7.3.1 North America Rail Wheels Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Rail Wheels Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Rail Wheels Sales Quantity by Type (2021-2032)
  • 8.2 Europe Rail Wheels Sales Quantity by Application (2021-2032)
  • 8.3 Europe Rail Wheels Market Size by Country
    • 8.3.1 Europe Rail Wheels Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Rail Wheels Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Rail Wheels Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Rail Wheels Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Rail Wheels Market Size by Region
    • 9.3.1 Asia-Pacific Rail Wheels Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Rail Wheels Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Rail Wheels Sales Quantity by Type (2021-2032)
  • 10.2 South America Rail Wheels Sales Quantity by Application (2021-2032)
  • 10.3 South America Rail Wheels Market Size by Country
    • 10.3.1 South America Rail Wheels Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Rail Wheels Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Rail Wheels Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Rail Wheels Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Rail Wheels Market Size by Country
    • 11.3.1 Middle East & Africa Rail Wheels Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Rail Wheels Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Rail Wheels Market Drivers
  • 12.2 Rail Wheels Market Restraints
  • 12.3 Rail 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 Rail Wheels and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Rail Wheels
  • 13.3 Rail 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 Rail Wheels Typical Distributors
  • 14.3 Rail 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 Rail Wheels. Industry analysis & Market Report on Rail Wheels is a syndicated market report, published as Global Rail Wheels Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Rail Wheels market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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