Market Overview:
The global railway wagon 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 wagons from various end-use industries, such as industrial and commercial. In terms of type, the open wagons segment is projected to lead the global railway wagon market during the forecast period, owing to its low cost and high capacity. By application, the industrial segment is estimated to account for a larger share of the global railway wagon market in 2018.
Product Definition:
A railway wagon or railway carriage is a vehicle used to carry passengers or goods on a railway. Wagons can be divided into two main categories: open wagons and closed wagons. Open wagons, which are large and flat, are mainly used to transport goods. Closed wagons, which have a roof and walls, are mainly used to transport passengers.
Open Wagons:
Open wagons are railway vehicles that have the ability to carry more than their allocated weight, thus increasing the load capacity of a train. They are mainly used for transporting goods and materials in bulk quantities. Open wagons can be either self-propelled or pushed by locomotives or can be coupled to another wagon containing horses for power.
The global open wagons market size was valued at USD 4,567 million in 2016.
Flat Wagons:
Flat wagons are used to carry goods in a horizontal position on flat surfaces. They are built for carrying bulk quantities of goods and they can be either open or closed wagons. The most common types of flat wagons include hopper, tank, well-box, and coal/drayage truck among others.
Application Insights:
The application segment is bifurcated into two parts, namely industrial and commercial. The railway wagons used in the industrial sector are designed for rough terrain with heavy load capacity. These types of wagons are widely used in industries such as mining, construction, and agriculture owing to their ability to carry loads up to 25 tons on a single trip.
The other major application segment includes railways that serve the general public as well as businesses across various regions of the world including North America, Europe, Asia Pacific and Middle East & Africa. General passenger services include inter-city trains that run between cities having lesser stops or covering shorter distances than long-distance trains but taking more time overall due to stops at stations en route. This type of service also covers express services where limited stopover is required by passengers traveling at high speed without requiring extra travel time from origin or destination stations respectively (source: wiki).
Regional Analysis:
Asia Pacific dominated the global railway wagon 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 developing rail infrastructure. For instance, China has been investing a large amount in expanding its railways network across the country by building new lines and upgrading existing lines so that it becomes one of the most extensive networks in terms of length as well as frequency. This is likely to increase demand for railway wagons over the next eight years.
Europe was another major regional segment accounting for a share of more than 25% owing to high demand from industrial applications on account of increasing manufacturing activities within Europe itself.
Growth Factors:
- Increasing demand for railway transportation in developing countries
- Rising investments in railway infrastructure by governments and private players
- Proliferation of high-speed railways across the world
- Growing inclination of consumers towards rail travel over other modes of transport
- Technological advancements in railway wagon manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Wagon Market Research Report
By Type
Open Wagons, Flat Wagons, Others
By Application
Industrial, Commercial
By Companies
United Wagon Co, CRRC corporation limited, Greenbrier Companies, FreightCar America, UNIFE, ELH Waggonbau Niesky GmbH, Titagarh Wagons Limited, Texmaco Rail and Engineering, Jindal Rail, Jupiter Wagons
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Railway Wagon Market Report Segments:
The global Railway Wagon market is segmented on the basis of:
Types
Open Wagons, Flat Wagons, 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
Industrial, Commercial
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:
- United Wagon Co
- CRRC corporation limited
- Greenbrier Companies
- FreightCar America
- UNIFE
- ELH Waggonbau Niesky GmbH
- Titagarh Wagons Limited
- Texmaco Rail and Engineering
- Jindal Rail
- Jupiter Wagons
Highlights of The Railway Wagon 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:
- Open Wagons
- Flat Wagons
- Others
- By Application:
- Industrial
- Commercial
- 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 Wagon 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?
A railway wagon is a type of rolling stock used on railways. It consists of a metal frame with panels that can be opened to allow goods to be loaded or unloaded, and two or four wheels.
Some of the major players in the railway wagon market are United Wagon Co, CRRC corporation limited, Greenbrier Companies, FreightCar America, UNIFE, ELH Waggonbau Niesky GmbH, Titagarh Wagons Limited, Texmaco Rail and Engineering, Jindal Rail, Jupiter Wagons.
The railway wagon 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 Railway Wagon 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 Wagon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Wagon 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 Wagon 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 Wagon Market Size & Forecast, 2018-2028
4.5.1 Railway Wagon Market Size and Y-o-Y Growth
4.5.2 Railway Wagon Market Absolute $ Opportunity
Chapter 5 Global Railway Wagon 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 Railway Wagon Market Size Forecast by Type
5.2.1 Open Wagons
5.2.2 Flat Wagons
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Wagon 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 Railway Wagon Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Wagon 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 Wagon 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 Railway Wagon Analysis and Forecast
9.1 Introduction
9.2 North America Railway Wagon 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 Railway Wagon Market Size Forecast by Type
9.6.1 Open Wagons
9.6.2 Flat Wagons
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 Railway Wagon Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
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 Railway Wagon Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Wagon 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 Railway Wagon Market Size Forecast by Type
10.6.1 Open Wagons
10.6.2 Flat Wagons
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 Railway Wagon Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
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 Railway Wagon Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Wagon 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 Railway Wagon Market Size Forecast by Type
11.6.1 Open Wagons
11.6.2 Flat Wagons
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 Railway Wagon Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
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 Railway Wagon Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Wagon 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 Railway Wagon Market Size Forecast by Type
12.6.1 Open Wagons
12.6.2 Flat Wagons
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 Railway Wagon Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
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) Railway Wagon Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Wagon 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) Railway Wagon Market Size Forecast by Type
13.6.1 Open Wagons
13.6.2 Flat Wagons
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) Railway Wagon Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
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 Wagon Market: Competitive Dashboard
14.2 Global Railway Wagon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United Wagon Co
14.3.2 CRRC corporation limited
14.3.3 Greenbrier Companies
14.3.4 FreightCar America
14.3.5 UNIFE
14.3.6 ELH Waggonbau Niesky GmbH
14.3.7 Titagarh Wagons Limited
14.3.8 Texmaco Rail and Engineering
14.3.9 Jindal Rail
14.3.10 Jupiter Wagons
