Market Overview:
The global railway equipment 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 growing investments in railway infrastructure projects. The rolling stock segment is expected to account for the largest share of the global railway equipment market in 2018, followed by railway infrastructure and others segments. In terms of application, locomotives are expected to account for the largest share of the global Railway Equipment Market in 2018, followed by DMUs, EMUs, freight vehicles and others segments. Regionally, North America is estimated to be one of fastest-growing markets for Railway Equipment during forecast period owing high adoption rate coupled with rising government initiatives towards modernization & upgradationof railways network in this region .
Product Definition:
Railway equipment is a collective term for the various vehicles and devices used on railway systems to move passengers or goods. These include locomotives, passenger cars, freight cars, maintenance of way equipment (such as track machines and ballast tampers), and other related items. Railway equipment is important because it enables the efficient movement of passengers and goods over long distances.
Rolling Stock:
Rolling stock is the part of railway which includes locomotives, railcars, and wagons. Rolling Stock market size was estimated at USD 125.0 billion in 2016 and it is expected to grow at a CAGR of XX% from 2017 to 2022 owing to increasing demand for better transportation facilities globally along with growing investments in new lines construction projects especially in Asia Pacific region.
Railway Infrastructure:
Railway infrastructure is the set of buildings, structures and equipment used to transport passengers or freight by rail. It includes track, bridges, tunnels, cars/trainets and stations. The railway infrastructure market size was valued at USD 856 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing demand for better transportation facilities globally coupled with growing investments in various countries across the globe including India & China among others.
Application Insights:
The locomotive segment dominated the global railway equipment market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth on account of increasing demand for high-performance and energy-efficient locomotives from major rail carriers across the globe. The demand for diesel and electric locomotives has increased significantly due to growing passenger traffic, especially in urban areas.
The DMU segment accounted for a considerable market share in 2017 owing to its higher seating capacity compared to other segments such as freight vehicles or coaches which are used commonly known as Schenker Railcarried Passenger Cars (PRPC).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in infrastructure development, coupled with rising demand for passenger and freight trains. Moreover, growing adoption of rail vehicles for inter-city as well as intra-city travel is also anticipated to drive regional growth.
Europe was the second largest market in 2017 owing to increased spending on modernization projects by various governments across countries such as Germany, France, Italy and U.K., among others are expected to boost industry expansion over next eight years from 2018 till 2030 timeframe.
Growth Factors:
- Increasing demand for railway equipment from developing countries owing to the growth of their economies and rise in population
- Proliferation of high-speed railways across the globe
- Development of innovative technologies and products that improve the efficiency and safety of railway systems
- Growing investments in railway infrastructure by governments and private players
- Expansion of global trade, which is resulting in an increase in freight traffic
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Equipment Market Research Report
By Type
Rolling Stock, Railway Infrastructure, Others
By Application
Locomotives, DMUs, EMUs, Freight Vehicles, Others
By Companies
CRRC, Alstom, Siemens, Bombardier, CRCC, CRECG, General Electric, Hitachi, Hyundai Rotem, Transmashholding, Voestalpine, Toshiba, Kawasaki, CRSC, Wabtec
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Railway Equipment Market Report Segments:
The global Railway Equipment market is segmented on the basis of:
Types
Rolling Stock, Railway Infrastructure, Others
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
Locomotives, DMUs, EMUs, Freight Vehicles, 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:
- CRRC
- Alstom
- Siemens
- Bombardier
- CRCC
- CRECG
- General Electric
- Hitachi
- Hyundai Rotem
- Transmashholding
- Voestalpine
- Toshiba
- Kawasaki
- CRSC
- Wabtec
Highlights of The Railway Equipment 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:
- Rolling Stock
- Railway Infrastructure
- Others
- By Application:
- Locomotives
- DMUs
- EMUs
- Freight Vehicles
- 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 Railway Equipment 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?
Railway equipment is any piece of equipment used on railways for the purpose of transporting goods or passengers. This can include locomotives, railcars, tracks, bridges, tunnels and other infrastructure.
Some of the major players in the railway equipment market are CRRC, Alstom, Siemens, Bombardier, CRCC, CRECG, General Electric, Hitachi, Hyundai Rotem, Transmashholding, Voestalpine, Toshiba, Kawasaki, CRSC, Wabtec.
The railway equipment 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 Railway Equipment 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 Railway Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Equipment 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 Railway Equipment 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 Railway Equipment Market Size & Forecast, 2020-2028
4.5.1 Railway Equipment Market Size and Y-o-Y Growth
4.5.2 Railway Equipment 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 Rolling Stock
5.2.2 Railway Infrastructure
5.2.3 Others
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 Locomotives
6.2.2 DMUs
6.2.3 EMUs
6.2.4 Freight Vehicles
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Equipment 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 Railway Equipment 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 Rolling Stock
9.6.2 Railway Infrastructure
9.6.3 Others
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 Locomotives
9.10.2 DMUs
9.10.3 EMUs
9.10.4 Freight Vehicles
9.10.5 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 Rolling Stock
10.6.2 Railway Infrastructure
10.6.3 Others
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 Locomotives
10.10.2 DMUs
10.10.3 EMUs
10.10.4 Freight Vehicles
10.10.5 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 Rolling Stock
11.6.2 Railway Infrastructure
11.6.3 Others
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 Locomotives
11.10.2 DMUs
11.10.3 EMUs
11.10.4 Freight Vehicles
11.10.5 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 Rolling Stock
12.6.2 Railway Infrastructure
12.6.3 Others
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 Locomotives
12.10.2 DMUs
12.10.3 EMUs
12.10.4 Freight Vehicles
12.10.5 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 Rolling Stock
13.6.2 Railway Infrastructure
13.6.3 Others
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 Locomotives
13.10.2 DMUs
13.10.3 EMUs
13.10.4 Freight Vehicles
13.10.5 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 Railway Equipment Market: Competitive Dashboard
14.2 Global Railway Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC
14.3.2 Alstom
14.3.3 Siemens
14.3.4 Bombardier
14.3.5 CRCC
14.3.6 CRECG
14.3.7 General Electric
14.3.8 Hitachi
14.3.9 Hyundai Rotem
14.3.10 Transmashholding
14.3.11 Voestalpine
14.3.12 Toshiba
14.3.13 Kawasaki
14.3.14 CRSC
14.3.15 Wabtec
