The North America railway maintenance machinery market size was valued at $774.0 million in 2019 and is projected to reach $1,163.1 million by 2028, registering a CAGR of 6.1% from 2021 to 2028. Railway maintenance machinery consists of vehicles and machines such as tamping machines, stabilizing machines, ballast cleaning machines, and others, which are used to maintain railway tracks. Tamping machine, ballast cleaning machine, rail handling machinery are some of the machineries are used in railway maintenance applications. In addition, they are used for maintenance of railway tracks for efficient and smooth operation of railways.
An increase in the number of railway electrification projects fuels the growth of the North America railway maintenance machinery market. Electric trains are more ecological when compared to fuel-powered trains, which boosts the growth of the North America railway maintenance machinery market.
Rise in number of railway construction projects fuels the growth of the North America railway maintenance machinery market. In addition, rise in government spending on building new railway projects, and investing on railway maintenance operation is anticipated to drive the growth of the North America railway maintenance machinery market. For instance, in 2020, Canadian National Railway Company (CN) planned to invest around $105 million across Manitoba, $20 million on Brunswick, and $10 million in Nova Scotia. This investment is aimed at replacement of railway lines, and railroad track infrastructure.
In addition, rise in adoption of internet of things (IoT) and cloud-based system in railway maintenance operations owing to its features such as scalability, high speed, continuous support, and IT security services drives the growth of the North America railway maintenance machinery market.
However, high cost associated with railway maintenance machineries is anticipated to hamper the growth of the North America railway maintenance machinery market. Conversely, technological integration in the railway maintenance machinery is anticipated to provide lucrative opportunities for the growth of the North America railway maintenance machinery market.
The North America railway maintenance machinery market is segmented on the basis of product type, application, sales type, and region. Based on product type, the railway maintenance machinery market is fragmented into tamping machine, stabilizing machinery, rail handling machinery, ballast cleaning machine, and others.
Based on application, the North America railway maintenance machinery market is categorized into ballast track, and non-ballast track. Based on sales type, the market is divided into new sales, and aftermarket sales. The aftermarket sales segment is further bifurcated into parts and services. Country wise, the North America railway maintenance machinery market has been analyzed across the U.S., Canada, and Mexico.
Competition Analysis
Key companies profiled in the report include Caterpillar Inc. (Progress Rail Services Corporation), Coril Holdings Ltd. (Loram Maintenance of Way, Inc.), Curran Group, Inc. (Holland LP), Fluor Corporation (American Equipment Company, Inc.), Geismar, Harsco Corporation, Knox Kershaw Inc., Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H., ROBEL Bahnbaumaschinen GmbH, Wabtec Corporation (Nordco Inc.).

KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging North America railway maintenance machinery market trends and dynamics.
? In-depth market analysis is conducted by North America railway maintenance machinery market estimations for the key market segments between 2015 and 2028.
? Extensive analysis of North America railway maintenance machinery market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The North America railway maintenance machinery market forecast analysis from 2021 to 2028 is included in the report.
? The key market players within the North America railway maintenance machinery market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the North America railway maintenance machinery market.
NORTH AMERICA RAILWAY MAINTENANCE MACHINERY MARKET SEGMENTS
By Product Type
- Tamping Machine
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Others
By Application
- Ballast Track
- Non-ballast track
By Sales Type
- New Sales
? Tamping Machine
? Stabilizing Machinery
? Rail Handling Machinery
? Ballast Cleaning Machine
? Others
- Aftermarket Sales
o Parts
- Tamping Machine
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Others
o Services
- Tamping Machine
- Stabilizing Machinery
- Rail Handling Machinery
- Ballast Cleaning Machine
- Others

By Country
- U.S.
- Canada
- Mexico

KEY PLAYERS
- Caterpillar Inc (Progress Rail Services Corporation)
- Coril Holdings Ltd (Loram Maintenance of Way, Inc)
- Curran Group, Inc (Holland LP)
- Fluor Corporation (American Equipment Company, Inc)
- Geismar
- Harsco Corporation
- Knox Kershaw Inc
- Plasser & Theurer, Export von Bahnbaumaschinen, Gesellschaft m.b.H.,
- ROBEL Bahnbaumaschinen GmbH