Market Overview:
The global rail components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for railway transportation across the globe and the growing need for modernization and upgradation of railway infrastructure. The global rail components market is segmented on the basis of type, application, and region. On the basis of type, it is divided into bogie, engine, and other components. The bogie segment accounts for a major share in terms of revenue in 2017 owing to its high demand in locomotives and freight cars across different regions globally. By application, it is classified into OEMs (original equipment manufacturers) and aftermarket segments. The OEMs segment dominates this market owing to heavy investments by various governments worldwide in upgrading their railway infrastructure with new technologies & equipment’s .Regionally speaking, North America leads this market followed by Europe due to large-scale replacement activities being carried out in these regions as part of modernization programs undertaken by various governments .
Product Definition:
Rail Components are the metal parts of a railroad track, including the rails and fasteners. Rail Components are important because they provide a surface for train wheels to roll on and keep trains from falling off the tracks.
Bogie:
Bogie is a device used in railway components such as rail wheels, axles and trucks to provide them with stability. It helps in maintaining the balance of the vehicle and prevents it from being pushed or pulled out of line. The primary function of a bogie is to transfer the load between two wheels; however, it also provides suspension support for elastic tires by mounting springs or airbags under its frame.
Engine:
The engine is a power source used to convert the energy stored in the rail vehicle into kinetic energy. The engine forms an integral part of any rail system and hence, it has to be selected as per requirements depending on wheel load, speed and grade. The selection depends on factors such as power required for a particular application, durability & life span of the product along with efficiency & cost-effectiveness.
Application Insights:
The OEMs segment held the largest market share in 2017. The major rail component manufacturers use OEM manufacturing to produce railway vehicles and equipment for their respective end-use markets. For instance, Bombardier Transportation uses its own facilities to manufacture its products and then supplies them to various countries around the world through a separate order channel known as direct sales.
OEMs have been increasingly using social media platforms such as YouTube, Facebook and Instagram to promote their products among consumers who are often looking for unbiased product reviews before purchasing any related goods from anywhere across the globe. Rail companies have also been utilizing these platforms extensively by uploading videos of train operations that include technical specifications, features & benefits of using different components manufactured by different companies along with an explanation about how they work together or not together at all.
Regional Analysis:
The European market held the largest share in 2017 owing to the presence of major rail component manufacturers such as Adtranz, Siemens, Bombardier and Alstom. The region is expected to maintain its dominance over the forecast period due to increasing government investments in high-speed rail infrastructure projects. For instance, Germany has set a target of having 1 million electric vehicles by 2020 on top of having operationalized nearly 40% of its total ICE 3 (Intercity-Express) trains with an aim toward achieving carbon neutral operations by 2050.
Asia Pacific is projected to be one of the fastest growing regional markets from 2018 to 2030 owing both interior and exterior WCM usage for passenger cars and heavy commercial vehicles across emerging economies including China, India Japan among others. Growing automotive production coupled with stringent regulations regarding fuel emissions are expected drive product demand over this period.
Growth Factors:
- Increasing demand for rail transportation in developing countries
- Growing urbanization and industrialization
- Development of high-speed railways
- Proliferation of electric and hybrid trains
- Expansion of freight transport
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Components Market Research Report
By Type
Bogie, Engine, Other
By Application
OEMs, Aftermarket
By Companies
CRRC, Siemens, Bombardier, Alstom, Wabtec Corp, Hyundai Rotem, Stadler Rail, The Greenbrier Companies, Trinity Industries, Construcciones Y Auxiliar De Ferrocarriles, Escorts Group, Hitachi, Progress Rail, Nippon Sharyo, Kawasaki Heavy Industries
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rail Components Market Report Segments:
The global Rail Components market is segmented on the basis of:
Types
Bogie, Engine, 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
OEMs, Aftermarket
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
- Siemens
- Bombardier
- Alstom
- Wabtec Corp
- Hyundai Rotem
- Stadler Rail
- The Greenbrier Companies
- Trinity Industries
- Construcciones Y Auxiliar De Ferrocarriles
- Escorts Group
- Hitachi
- Progress Rail
- Nippon Sharyo
- Kawasaki Heavy Industries
Highlights of The Rail Components 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:
- Bogie
- Engine
- Other
- By Application:
- OEMs
- Aftermarket
- 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 Components 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
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- Consumer Insights
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- Product & Brand Management
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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 components are the parts of a railway system that move trains along the track. These parts include rails, ties, switches, signals and other equipment.
Some of the major companies in the rail components market are CRRC, Siemens, Bombardier, Alstom, Wabtec Corp, Hyundai Rotem, Stadler Rail, The Greenbrier Companies, Trinity Industries, Construcciones Y Auxiliar De Ferrocarriles, Escorts Group, Hitachi, Progress Rail, Nippon Sharyo, Kawasaki Heavy Industries.
The rail components market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Components 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 Components Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Components Market - Supply Chain
4.5. Global Rail Components Market Forecast
4.5.1. Rail Components Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Components Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rail Components Market Absolute $ Opportunity
5. Global Rail Components 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 Components Market Size and Volume Forecast by Type
5.3.1. Bogie
5.3.2. Engine
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rail Components 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 Components Market Size and Volume Forecast by Application
6.3.1. OEMs
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rail Components 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 Components 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 Components 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 Components 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 Components Demand Share Forecast, 2019-2026
9. North America Rail Components 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 Components 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 Components Market Size and Volume Forecast by Application
9.4.1. OEMs
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rail Components Market Size and Volume Forecast by Type
9.7.1. Bogie
9.7.2. Engine
9.7.3. Other
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 Components Demand Share Forecast, 2019-2026
10. Latin America Rail Components 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 Components 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 Components Market Size and Volume Forecast by Application
10.4.1. OEMs
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rail Components Market Size and Volume Forecast by Type
10.7.1. Bogie
10.7.2. Engine
10.7.3. Other
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 Components Demand Share Forecast, 2019-2026
11. Europe Rail Components 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 Components 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 Components Market Size and Volume Forecast by Application
11.4.1. OEMs
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rail Components Market Size and Volume Forecast by Type
11.7.1. Bogie
11.7.2. Engine
11.7.3. Other
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 Components Demand Share, 2019-2026
12. Asia Pacific Rail Components 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 Components 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 Components Market Size and Volume Forecast by Application
12.4.1. OEMs
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rail Components Market Size and Volume Forecast by Type
12.7.1. Bogie
12.7.2. Engine
12.7.3. Other
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 Components Demand Share, 2019-2026
13. Middle East & Africa Rail Components 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 Components 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 Components Market Size and Volume Forecast by Application
13.4.1. OEMs
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rail Components Market Size and Volume Forecast by Type
13.7.1. Bogie
13.7.2. Engine
13.7.3. Other
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 Components Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rail Components Market: Market Share Analysis
14.2. Rail Components Distributors and Customers
14.3. Rail Components Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CRRC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bombardier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alstom
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wabtec Corp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyundai Rotem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stadler Rail
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Greenbrier Companies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Trinity Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Construcciones Y Auxiliar De Ferrocarriles
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Escorts Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Progress Rail
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nippon Sharyo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kawasaki Heavy Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 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
