Market Overview:
The global rail asset management market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for railway transportation and the need for efficient and safe rail operations. Rail asset management helps in improving the efficiency of railway operations by reducing costs, optimizing resources, and improving safety. On-premise software dominates the rail asset management market with a share of more than 60%. However, cloud-based solutions are expected to grow at a higher CAGR during the forecast period as they offer several benefits such as scalability, flexibility, and lower Total Cost of Ownership (TCO). Rail infrastructure accounts for the majority share in terms of application in the global rail asset management market followed by rolling stock. North America leads the global rail asset management market with a share of more than 30%, followed by Europe and Asia Pacific.
Product Definition:
Rail asset management is the process of managing and optimizing the performance of a rail network's physical assets. Rail networks are large, complex systems with many subsystems (tracks, switches, signals, etc.), each with its own lifecycle and maintenance requirements. Rail asset management helps to ensure that these subsystems are working together efficiently and that resources are being used optimally. It also helps to identify and address potential problems before they become serious issues.
On-premise:
On-premise software is a type of cloud computing system that involves the use of dedicated hardware and software systems at an organization's main site to provide services such as email, file storage, and web hosting. The term on-premise can be used for different types of solutions ranging from private clouds to hybrid clouds. On-premises solutions are installed and operated by organizations' own IT staff; these solutions do not require any third party involvement or control.
Cloud:
Cloud is a shared pool of virtual resources, which can be used and accessed by any authorized user from anywhere in the world. It provides benefits such as on-demand availability of computing resources, easy data accessibility, and low cost infrastructure. Cloud services are gaining popularity among small & medium enterprises owing to its cost effective solutions and flexible nature.
Application Insights:
The infrastructure application segment dominated the global market in 2017. This can be attributed to the growing demand for railway infrastructure development, particularly in developing countries like India and China. The governments of these countries are focusing on building new railway lines and stations, which is expected to drive demand over the forecast period.
Rolling stock was the second-largest segment valued at USD 3.5 billion in 2017 owing to increasing investments by governments across regions to replace aging rolling stock fleets with modernized fleets that are capable of running on alternative fuels as well as advanced rail technologies such as positive train control (PTC). In addition, rising passenger traffic coupled with rapid urbanization has resulted in an increased number of trains plying on a daily basis which is also expected fuel growth over the forecast period.
The others application segment includes maintenance & repair services offered by asset managers for various other assets including trackside equipment.
Regional Analysis:
The European region dominated the global market in 2017. The presence of a large number of railways and rapid growth in economies such as Germany, France, Italy and Spain are some factors driving the regional market. Furthermore, technological advancements such as wireless connectivity along with an increasing focus on safety is also expected to drive demand over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to increasing investments by governments for improving infrastructure facilities coupled with rising passenger traffic volumes. In addition, growing adoption of cloud computing solutions will further fuel growth over this seven-year period.
North America accounted for more than 20% share in 2017 owing to high rolling stock utilization rates supported by strong economic performance exhibited by Canada & U S A since 2014’s GDP has been revised upward from 1st quarter revision which was 0%.
Growth Factors:
- Increasing demand for rail transportation services owing to the growth of the global economy.
- Proliferation of high-speed railways and development of new railway lines in emerging countries.
- Implementation of stringent safety regulations by governments across the world post several rail accidents in recent times.
- Growing need for modernization and upgradation of existing railway infrastructure to meet increasing traffic demands
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Asset Management Market Research Report
By Type
On-premise, Cloud,
By Application
Rolling Stock, Infrastructure,
By Companies
Siemens (Germany), IBM(US), Hitachi (Japan), Wabtec (US), SAP (Germany), Trimble (US), Bentley Systems (US), Bombardier (Canada), Atkins (UK), DXC Technology (US), Trapeze (Canada), Tego (US), Konux (Germany), L&T Technology Services Limited (India), Capgemini (France), Accenture (Ireland), Huawei Technologies (China), Cyient (India),
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Rail Asset Management Market Report Segments:
The global Rail Asset Management market is segmented on the basis of:
Types
On-premise, Cloud,
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, Infrastructure,
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:
- Siemens (Germany)
- IBM(US)
- Hitachi (Japan)
- Wabtec (US)
- SAP (Germany)
- Trimble (US)
- Bentley Systems (US)
- Bombardier (Canada)
- Atkins (UK)
- DXC Technology (US)
- Trapeze (Canada)
- Tego (US)
- Konux (Germany)
- L&T Technology Services Limited (India)
- Capgemini (France)
- Accenture (Ireland)
- Huawei Technologies (China)
- Cyient (India)
Highlights of The Rail Asset Management 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:
- On-premise
- Cloud
- By Application:
- Rolling Stock
- Infrastructure
- 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 Asset Management 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.
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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 Asset Management is a service that helps railroads manage their assets. Railroads use this service to track the condition of their equipment, make decisions about what to keep and what to sell, and plan for future needs.
Some of the major companies in the rail asset management market are Siemens (Germany), IBM(US), Hitachi (Japan), Wabtec (US), SAP (Germany), Trimble (US), Bentley Systems (US), Bombardier (Canada), Atkins (UK), DXC Technology (US), Trapeze (Canada), Tego (US), Konux (Germany), L&T Technology Services Limited (India), Capgemini (France), Accenture (Ireland), Huawei Technologies (China), Cyient (India).
The rail asset management market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Asset Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rail Asset Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Asset Management Market - Supply Chain
4.5. Global Rail Asset Management Market Forecast
4.5.1. Rail Asset Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Asset Management Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rail Asset Management Market Absolute $ Opportunity
5. Global Rail Asset Management Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rail Asset Management Market Size and Volume Forecast by Type
5.3.1. On-premise
5.3.2. Cloud
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rail Asset Management Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rail Asset Management Market Size and Volume Forecast by Application
6.3.1. Rolling Stock
6.3.2. Infrastructure
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rail Asset Management Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rail Asset Management Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rail Asset Management Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rail Asset Management Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rail Asset Management Demand Share Forecast, 2019-2026
9. North America Rail Asset Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rail Asset Management Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rail Asset Management Market Size and Volume Forecast by Application
9.4.1. Rolling Stock
9.4.2. Infrastructure
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rail Asset Management Market Size and Volume Forecast by Type
9.7.1. On-premise
9.7.2. Cloud
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rail Asset Management Demand Share Forecast, 2019-2026
10. Latin America Rail Asset Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rail Asset Management Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rail Asset Management Market Size and Volume Forecast by Application
10.4.1. Rolling Stock
10.4.2. Infrastructure
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rail Asset Management Market Size and Volume Forecast by Type
10.7.1. On-premise
10.7.2. Cloud
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rail Asset Management Demand Share Forecast, 2019-2026
11. Europe Rail Asset Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rail Asset Management Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rail Asset Management Market Size and Volume Forecast by Application
11.4.1. Rolling Stock
11.4.2. Infrastructure
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rail Asset Management Market Size and Volume Forecast by Type
11.7.1. On-premise
11.7.2. Cloud
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country 11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rail Asset Management Demand Share, 2019-2026
12. Asia Pacific Rail Asset Management Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rail Asset Management Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rail Asset Management Market Size and Volume Forecast by Application
12.4.1. Rolling Stock
12.4.2. Infrastructure
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rail Asset Management Market Size and Volume Forecast by Type
12.7.1. On-premise
12.7.2. Cloud
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rail Asset Management Demand Share, 2019-2026
13. Middle East & Africa Rail Asset Management Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rail Asset Management Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rail Asset Management Market Size and Volume Forecast by Application
13.4.1. Rolling Stock
13.4.2. Infrastructure
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rail Asset Management Market Size and Volume Forecast by Type
13.7.1. On-premise
13.7.2. Cloud
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rail Asset Management Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rail Asset Management Market: Market Share Analysis
14.2. Rail Asset Management Distributors and Customers
14.3. Rail Asset Management Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens (Germany)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IBM(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi (Japan)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wabtec (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SAP (Germany)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Trimble (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bentley Systems (US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bombardier (Canada)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Atkins (UK)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DXC Technology (US)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Trapeze (Canada)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tego (US)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Konux (Germany)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. L&T Technology Services Limited (India)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Capgemini (France)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Accenture (Ireland)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Huawei Technologies (China)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Cyient (India)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
