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QYResearch A rail wheel is a type of wheel specially designed for use on rail tracks. A rolling component is typically pressed onto an axle and mounted directly on a rail car or locomotive or indirectly on a bogie, also called a truck. Wheels are cast or forged and are heat-treated to have a specific hardness.
QYR The Rail Wheels & Axles industry is relatively concentrated and high-end products mainly come from North America and Western Europe. In the Europe wide, major salers mainly are GHH-BONATRANS, Lucchini RS, EVRAZ NTMK, GMHGruppe, Interpipe, OMK, Amsted Rail, Masteel, NSSMC, Kolowag and etc. In the past five years from 2011 to 2015, Europe Rail Wheels & Axles market scale was from 528 million dollars to 601 million; in 2015, the total sales volume of Rail Wheels & Axles is 840 K Unit, with growth rate (2014-2015) about 3.4%. Russia is the largest consumer of Rail Wheels & Axles and is expected to retain the higher growth rate during the next five years due to strong growth in downstream industry. China and India have witnessed a major chunk of the production and consumption of Rail Wheels & Axles in the Asia Pacific region. Actually, that is why manufacturers have several plants, usually close to aimed demand market. Geographically, Russia took over 19% of the Europe consumption volume in 2015.
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