Market Overview:
The global rail operation, service and maintenance 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 railway transportation across the globe and the need for efficient and reliable rail operation, service, and maintenance. The global rail operation, service, and maintenance market can be segmented on the basis of type into operation & service and maintenance. On the basis of application, the market can be segmented into rolling stock, railway signaling equipment, track laying & surfacing equipment,, depot & workshop equipment,, freight handling systems,, passenger information systems,, security & surveillance systems,, communication infrastructure,.and others. Geographically,.the global rail operation,.service,.and maintenance market can be divided into North America., Latin America., Europe., Asia Pacific.,and Middle East Africa. Some of the key players in thismarket are Alstom SA (France), Bombardier Inc.(Canada), China Railway Rolling Stock Corporation Limited (China), CRRC Corporation Limited(China), Hitachi Ltd.(Japan) Hyundai Rotem Company(South Korea), Kawasaki Heavy Industries Ltd.(Japan) Siemens AG (Germany) Thales Group (France).
Product Definition:
Rail Operation, Service and Maintenance is the process of managing and operating a railway system. Railways are an important part of the transportation infrastructure, and it is critical to ensure that they are well-maintained so that they can continue to provide safe and efficient service. Rail Operation, Service and Maintenance includes tasks such as track maintenance, locomotive repairs, signal maintenance, and ticketing.
Operation & Service:
Rail operation, service and maintenance market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for better connectivity and transportation facilities globally. Operation & Service (OS & S) industry has gained prominence in recent years owing to the advent of new technologies such as Internet-of-Things (IoT), cloud computing, big data analytics, advanced sensors, among others.
Maintenance:
Maintenance is the systematic procedure for repairing and restoring a product to its original working condition after it has been subject to wear and tear. Maintenance is an integral part of production engineering, which ensures that the equipment or machinery is in good working order so as to increase the life cycle of a product. Maintenance can be defined as follows: maintenance activity comprises inspection, testing, changing or replacing parts, cleaning and lubrication; all aimed at improving the efficiency of a machine/product.
Application Insights:
The rolling stock segment accounted for the largest revenue share of over 50% in 2017. The railway infrastructure is highly dependent on its rolling stock to provide serviceability and capacity. Rolling stock comprises locomotives, passenger cars, multiple units and freight cars. The growing demand for passenger services as a result of increasing disposable income levels has led to an increase in the number of passengers carried by rail transport systems worldwide.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of prominent railway infrastructure companies, such as Bombardier Transportation and Alstom, which has resulted in high availability and adoption of rail equipment across Europe. Moreover, increasing investments by governments for improvement in railway infrastructure are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising demand for better connectivity.
Growth Factors:
- Increasing demand for rail transportation owing to the growth of urbanization and industrialization
- Government initiatives for development of railway infrastructure
- Technological advancements in rail operation, service and maintenance
- Emergence of new players in the market
- Growing focus on safety and security
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Operation, Service and Maintenance Market Research Report
By Type
Operation & Service, Maintenance
By Application
Rolling Stock, Railway Signaling Equipment, Others
By Companies
Hitachi Rail, TÜV SÜD, WSP, Siemens Mobility, Herzog
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Rail Operation, Service and Maintenance Market Report Segments:
The global Rail Operation, Service and Maintenance market is segmented on the basis of:
Types
Operation & Service, Maintenance
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
Rolling Stock, Railway Signaling Equipment, Others
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:
- Hitachi Rail
- TÜV SÜD
- WSP
- Siemens Mobility
- Herzog
Highlights of The Rail Operation, Service and Maintenance 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:
- Operation & Service
- Maintenance
- By Application:
- Rolling Stock
- Railway Signaling Equipment
- Others
- 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 Rail Operation, Service and Maintenance 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?
Rail operation, service and maintenance is the process of inspecting, maintaining and repairing railroad equipment.
Some of the key players operating in the rail operation, service and maintenance market are Hitachi Rail, TœV SœD, WSP, Siemens Mobility, Herzog.
The rail operation, service and maintenance market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Operation, Service and Maintenance 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 Rail Operation, Service and Maintenance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Operation, Service and Maintenance 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 Rail Operation, Service and Maintenance 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 Rail Operation, Service and Maintenance Market Size & Forecast, 2020-2028
4.5.1 Rail Operation, Service and Maintenance Market Size and Y-o-Y Growth
4.5.2 Rail Operation, Service and Maintenance 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 Operation & Service
5.2.2 Maintenance
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 Rolling Stock
6.2.2 Railway Signaling Equipment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Operation, Service and Maintenance 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 Rail Operation, Service and Maintenance 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 Operation & Service
9.6.2 Maintenance
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 Rolling Stock
9.10.2 Railway Signaling Equipment
9.10.3 Others
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 Operation & Service
10.6.2 Maintenance
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 Rolling Stock
10.10.2 Railway Signaling Equipment
10.10.3 Others
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 Operation & Service
11.6.2 Maintenance
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 Rolling Stock
11.10.2 Railway Signaling Equipment
11.10.3 Others
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 Operation & Service
12.6.2 Maintenance
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 Rolling Stock
12.10.2 Railway Signaling Equipment
12.10.3 Others
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 Operation & Service
13.6.2 Maintenance
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 Rolling Stock
13.10.2 Railway Signaling Equipment
13.10.3 Others
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 Rail Operation, Service and Maintenance Market: Competitive Dashboard
14.2 Global Rail Operation, Service and Maintenance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Rail
14.3.2 TÜV SÜD
14.3.3 WSP
14.3.4 Siemens Mobility
14.3.5 Herzog
