Market Overview:
The global passenger rail equipment manufacturing and services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for public transportation, especially in developing countries. Additionally, the growing awareness about the benefits of using public transportation is also propelling the growth of this market. The global passenger rail equipment manufacturing and services market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into light rail equipment, sleeper rail equipment, tracks & signaling systems, and other components. The sleeper rail equipment segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its growing popularity among passengers for long-distance travel purposes.
Product Definition:
The equipment manufacturing and services sector produces rolling stock, locomotives, freight cars, passenger cars and subway cars. The industry is important because it provides the infrastructure necessary for public transportation.
Light:
The global light vehicle production is expected to reach 23 million units by 2026, growing at a CAGR of XX% over the forecast period. The growth in demand for commercial vehicles can be attributed to the rising middle-class population coupled with an increase in per capita disposable income across emerging economies such as China and India. Additionally, increasing urbanization and government initiatives aimed at providing better public transportation are anticipated to drive market growth over the forecast period.
Sleeper:
A Sleeper is a vehicle designed for the transportation of persons or goods in sleeping or reclining position. It can be used as a freight train, van, bus, ambulance or truck. The market size for Sleeper and it's usage is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries such as automotive & transportation and passenger rail equipment manufacturing services market.
Application Insights:
Passenger application dominated the global passenger rail equipment manufacturing and services market, accounting for more than 60.0% share of the overall revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for affordable travel options that provide convenience and comfort.
The scheduling application segment is also expected to register a notable CAGR of XX% from 2018 to 2030 owing to an increase in demand for advanced railway systems that can efficiently manage passenger traffic on a real-time basis, thereby providing better service quality at lower costs across various applications such as mobile ticketing and reservations system among others.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major players such as Bombardier and Siemens along with other smaller companies providing services related to manufacturing passenger rail equipment. The region is expected to continue its dominance over the forecast period owing to increasing demand for high-quality services coupled with rising investments by governments for improvement in infrastructure facilities, which will drive industry growth.
Asia Pacific regional market was valued at USD X million in 2017 and is expected to witness significant growth during the forecast period from 2018 to 2030 due her geographical location as well as growing population base that requires transportation facilities across various states/provinces within India and between different states thereby driving industry expansion projects by state government agencies, railway authorities, private sector companies etc., which will further propel market development during the projected time frame.
Growth Factors:
- Increasing demand for passenger rail equipment from developing countries owing to the rise in population and economic growth.
- Proliferation of high-speed railways across the globe, which is expected to drive the demand for passenger rail equipment over the next few years.
- Stringent government regulations pertaining to safety and environment are likely to propel the demand for new passenger rail equipment over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Rail Equipment Manufacturing and Services Market Research Report
By Type
Light, Sleeper, Tracks, Other
By Application
Passenger, Scheduling, Other
By Companies
Alstom, Bombardier, China South Locomotive, Kawasaki, Rolling Stock, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Rail Equipment Manufacturing and Services Market Report Segments:
The global Passenger Rail Equipment Manufacturing and Services market is segmented on the basis of:
Types
Light, Sleeper, Tracks, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger, Scheduling, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alstom
- Bombardier
- China South Locomotive
- Kawasaki
- Rolling Stock
- Siemens
Highlights of The Passenger Rail Equipment Manufacturing and Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light
- Sleeper
- Tracks
- Other
- By Application:
- Passenger
- Scheduling
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger Rail Equipment Manufacturing and Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger rail equipment manufacturing and services is the production of locomotives, passenger cars, freight cars, and related components for use on passenger trains.
Some of the key players operating in the passenger rail equipment manufacturing and services market are Alstom, Bombardier, China South Locomotive, Kawasaki, Rolling Stock, Siemens.
The passenger rail equipment manufacturing and services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Rail Equipment Manufacturing and Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Rail Equipment Manufacturing and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Rail Equipment Manufacturing and Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Rail Equipment Manufacturing and Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Rail Equipment Manufacturing and Services Market Size & Forecast, 2020-2028
4.5.1 Passenger Rail Equipment Manufacturing and Services Market Size and Y-o-Y Growth
4.5.2 Passenger Rail Equipment Manufacturing and Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Light
5.2.2 Sleeper
5.2.3 Tracks
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger
6.2.2 Scheduling
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Rail Equipment Manufacturing and Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Rail Equipment Manufacturing and Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Light
9.6.2 Sleeper
9.6.3 Tracks
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger
9.10.2 Scheduling
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Light
10.6.2 Sleeper
10.6.3 Tracks
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger
10.10.2 Scheduling
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Light
11.6.2 Sleeper
11.6.3 Tracks
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger
11.10.2 Scheduling
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Light
12.6.2 Sleeper
12.6.3 Tracks
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger
12.10.2 Scheduling
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Light
13.6.2 Sleeper
13.6.3 Tracks
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger
13.10.2 Scheduling
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger Rail Equipment Manufacturing and Services Market: Competitive Dashboard
14.2 Global Passenger Rail Equipment Manufacturing and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alstom
14.3.2 Bombardier
14.3.3 China South Locomotive
14.3.4 Kawasaki
14.3.5 Rolling Stock
14.3.6 Siemens
